(PharmaNewsWire.Com, February 10, 2017 ) According to the report Middle east and Africa Diabetes Care Devices Market, published by Market Data Forecast, the Middle east and African market is projected to reach USD 1.65 billion by 2020, at a CAGR of 6.34% during the forecast period from 2015 to 2020.
Diabetes is the most widespread disease globally which is caused by the imbalance of blood sugar level in the body. The disease is either genetically inherited or the changing lifestyle these days and unhealthy diets can also cause diabetes. This further has severe effects on the body like internal damaging of organs and hence require regular monitoring and controlled level of sugar.
In Middle-East & Africa, the market is majorly driven with the rising awareness about disease care. With the rising incidence of chronic diseases there is an increase in demand leading to market growth. But the market here is mainly constrained due to low medical literacy. Health literacy influences important health outcomes, including the acquisition of new disease-specific knowledge, improving self-efficacy and adherence with self-care behaviours. Low health literacy has been consistently associated with worse diabetes knowledge in a variety of settings including ambulatory and hospitalized patients. Diabetes management modules will help in improving health literacy, by enabling them to understand various diagnostics and devices.
The Middle-East & Africa diabetes care device market is segmented by type and by country. By type the market has been segmented in to Insulin delivery devices, Diabetes monitoring devices and Diabetes Control Solutions. The products in each of these segments are segregated in the following way: Diabetes Monitoring Devices (Self-blood Monitoring Devices: Blood Glucose Monitoring Devices, Test Strips, Lancets and Haemoglobin A1c Testing Kits; Continuous Glucose Monitoring Devices); Insulin Delivery Devices (Insulin Pens, Insulin Pumps, Jet Injectors and Insulin Syringes) and Diabetes Control Solutions.
The Diabetic Devices Market is segmented as following: Diabetes Monitoring Devices Self-Blood Glucose Monitoring Devices Glucose Meters Test Strips Lancets Haemoglobin A1C testing kits Continuous Glucose Monitoring Devices Insulin Delivery Systems Insulin Pens Insulin Pumps Jet Injectors Insulin Syringes Diabetes Control Solutions
Roche Diagnostics, Ascensia, Abbott Laboratories, Novo Nordisk, Johnson & Johnson, Tandem and Terumo are the top companies in European Diabetes Care Devices Market.
The Diabetes Care Devices Market study offers the following deliverables: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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