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Egypt Glucose Monitoring Devices Market Competition, Forecast and Opportunities, 2028

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    Report

  • 77 Pages
  • September 2023
  • Region: Egypt
  • TechSci Research
  • ID: 5880633
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Egypt Glucose Monitoring Devices Market is expected to report a substantial rise during the forecast period. The country is witnessing a growing demand for glucose monitoring devices due to the increasing prevalence of diabetes among consumers.

Technological advancements, rising healthcare expenditure, and the growing awareness about diabetes are also supporting the growth of the Egypt glucose monitoring devices market. New devices are being developed that are more accurate, reliable, and user-friendly. For example, continuous glucose monitoring (CGM) devices are becoming increasingly popular in Egypt, as they provide real-time glucose readings and allow people to monitor their glucose levels continuously.

There is a growing awareness about diabetes in the country, which is leading to an increase in the demand for glucose-monitoring devices. People are becoming more aware of the importance of monitoring their blood glucose levels regularly and are taking proactive steps to manage their condition effectively.

Five students from Egypt have created a glucose monitoring system that does not require the patient to have their finger pierced for blood. It only needs to be worn on the finger, just like a pulse oximeter, and uses near-infrared spectroscopy to measure blood oxygen levels. To make blood sugar levels easier to monitor, it is also linked to an app. Such developments happening in the country related to blood glucose monitoring devices are expected to create lucrative opportunities for the growth of Egypt glucose monitoring market during the forecast period.

While the glucose monitoring devices market in Egypt is growing, several factors may hamper its growth in the coming years. These factors include limited healthcare infrastructure, high cost of devices, lack of awareness about diabetes, limited reimbursement policies, and limited availability of devices. Glucose-monitoring devices are expensive, especially advanced devices, such as continuous glucose monitoring (CGM) systems. This can limit the market's growth, as people may not be able to afford the devices, especially those with limited financial resources.

While there is growing awareness about diabetes in Egypt, many people still lack adequate knowledge about the condition and how to manage it effectively. This lack of awareness can limit the market's growth, as people may not see the need to monitor their blood glucose levels regularly or may not understand the benefits of using glucose monitoring devices. The geriatric population in Egypt is growing, and older adults are at a higher risk of developing diabetes. This growing population is expected to drive the demand for glucose monitoring devices in the coming years, as older adults need to monitor their blood glucose levels regularly to manage their condition effectively.

Mobile applications are becoming increasingly popular in the glucose monitoring devices market. These applications can help people with diabetes track their blood glucose levels, record insulin doses, and monitor other health metrics. Mobile applications are user-friendly, easy to access, and can provide real-time information to people with diabetes, which is expected to drive their demand in the coming years.

Artificial Intelligence (AI) is also playing a significant role in the glucose monitoring devices market. AI algorithms can analyze glucose data and provide personalized insights to people with diabetes. These insights can help people with diabetes manage their condition more effectively and prevent complications. AI-powered glucose monitoring devices are expected to become increasingly popular in Egypt in the coming years.

Wearable devices are another technological advancement that is driving the growth of the Egypt glucose monitoring devices market. These devices can be worn on the body and can provide real-time glucose readings, similar to CGM systems. Wearable devices are user-friendly, easy to access, and can provide people with diabetes with more flexibility in monitoring their blood glucose levels.

Increasing Prevalence of Diabetes

The prevalence of diabetes in Egypt is one of the primary factors driving the growth of the glucose monitoring devices market in the coming years. According to the International Diabetes Federation (IDF), Egypt has one of the highest rates of diabetes in the Middle East and North Africa region.

One of the top ten primary causes of death worldwide is diabetes mellitus (DM). Diabetes mellitus is becoming more prevalent, which has a significant negative impact on both financial and physical well-being. The rate of occurrence has risen to epidemic levels. Diabetes mellitus (DM) is characterized as a chronic condition of carbohydrate metabolism brought on by inadequate or unresponsive insulin secretion. Type 1 DM, type 2 DM (which is the most prevalent), and gestational DM are the three main forms. Micro- and macrovascular consequences from long-term untreated DM can increase morbidity and mortality in diabetics. The International Diabetes Federation (IDF) estimates the prevalence of diabetes mellitus among adult Egyptians at 15.2%, although this number may be underestimated. The socioeconomic impact of diabetes is widely understood.

The prevalence of diabetes in Egypt is expected to continue to increase in the coming years due to several factors, including lifestyle changes, urbanization, and an aging population.

As the number of people living with diabetes in Egypt increases, so does the demand for glucose-monitoring devices. Glucose monitoring devices are essential for people with diabetes to manage their condition effectively. They allow people with diabetes to monitor their blood glucose levels regularly and adjust their treatment plan accordingly. Without regular monitoring, people with diabetes are at risk of developing complications such as blindness, kidney failure, and cardiovascular disease.

Growing Awareness Regarding Diabetes Mellitus

The growing awareness regarding diabetes mellitus is driving the growth of the glucose monitoring devices market in Egypt in the coming years. There are several education and awareness campaigns aimed at informing people about diabetes mellitus and its management. These campaigns are designed to educate people on the importance of blood glucose monitoring, healthy lifestyle changes, and the use of glucose monitoring devices in managing diabetes. These awareness campaigns are driving demand for glucose monitoring devices in Egypt, as more people are becoming aware of the importance of using these devices to manage their diabetes.

Healthcare professionals play a vital role in raising awareness of diabetes mellitus and glucose monitoring devices in Egypt. Doctors, nurses, and other healthcare professionals are recommending glucose monitoring devices to their patients to help them manage their diabetes effectively. This is driving demand for glucose monitoring devices in Egypt, as more people are following their healthcare professional's advice and using these devices.

Technological Advancements

There have been several technological advancements in glucose monitoring devices in Egypt in recent years. One of the most significant advances is the introduction of continuous glucose monitoring (CGM) devices, which allow for continuous and automatic tracking of blood glucose levels. These devices have proven to be particularly useful for people with type 1 diabetes, as they can help prevent severe hypoglycemia and hyperglycemia by alerting users to changes in their glucose levels in real time.

Another advancement is the development of non-invasive glucose monitoring devices, which use infrared light or ultrasound to measure glucose levels without the need for a fingerstick. These devices are particularly useful for people who are uncomfortable with the traditional fingerstick method or have difficulty performing it themselves.

Additionally, mobile applications have been developed that allow for remote monitoring of glucose levels, enabling healthcare professionals and caregivers to keep track of patients’ glucose levels in real time. These technological advances have made it easier and more convenient for people to monitor their blood glucose levels and manage their diabetes effectively.

Market Segmentation

The Egypt glucose monitoring devices market can be segmented by product, application, end user, and region. By product, the market can be segmented into self-monitoring glucose devices and continuous glucose monitoring devices. Based on application, the market is divided into Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes. Based on end user, the market is divided into home care settings, hospital, and others.

Market Players

Roche Egypt, Abbott Diagnostics, MEDTRONIC EGYPT LLC., Johnson & Johnson, LifeScan Egypt, and Ascensia Diabetes Care are among others some of the leading companies operating in the market.

Report Scope:

In this report, the Egypt glucose monitoring devices market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Egypt Glucose Monitoring Devices Market, By Product:

  • Self-Monitoring Glucose Devices
  • Continuous Glucose Monitoring Devices

Egypt Glucose Monitoring Devices Market, By Application:

  • Type 1 Diabetes
  • Type 2 Diabetes
  • Gestational Diabetes

Egypt Glucose Monitoring Devices Market, By End User:

  • Home Care Settings
  • Hospital
  • Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Egypt glucose monitoring devices market.

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Egypt Glucose Monitoring Devices Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Product (Self-Monitoring Glucose Devices and Continuous Glucose Monitoring Devices)
5.2.2. By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes)
5.2.3. By End User (Home Care Settings, Hospital, Others)
5.2.4. By Region
5.2.5. By Company (2022)
5.3. Product Market Map
5.3.1. By Product
5.3.2. By Application
5.3.3. By End User
5.3.4. By Region
6. Egypt Self-Monitoring Glucose Devices Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Component (Glucose Meter Devices, Glucose Test Strips, and Lancets)
6.2.3. By End User
7. Egypt Continuous Glucose Monitoring Devices Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Component (Sensors, Transmitters & receivers, Integrated Insulin Pumps)
7.2.3. By End User
8. Market Dynamics
8.1. Drivers
8.2. Challenges
9. Market Trends & Developments
9.1. Recent Developments
9.2. Merger & Acquisition
9.3. Product Launches
10. Policy & Regulatory Landscape11. Egypt Economic Profile12. Egypt Glucose Monitoring Devices Market: SWOT Analysis
13. Competitive Landscape
13.1. Business Overview
13.2. Product Offerings
13.3. Recent Developments
13.4. Financials (As Reported)
13.5. Key Personnel
13.6. SWOT Analysis
13.6.1. Roche Egypt
13.6.2. Abbott Diagnostics
13.6.3. MEDTRONIC EGYPT LLC.
13.6.4. Johnson & Johnson
13.6.5. LifeScan Egypt
13.6.6. Ascensia Diabetes Care
14. Strategic Recommendations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Roche Egypt
  • Abbott Diagnostics
  • MEDTRONIC EGYPT LLC.
  • Johnson & Johnson
  • LifeScan Egypt
  • Ascensia Diabetes Care