Noida, UP -- (SBWire) -- 04/11/2011 -- As per our new research report “Diabetes Market in UAE”, the UAE blood glucose meter market has been growing at a healthy pace for the last decade due to the high prevalence of diabetes in the UAE, increasing incidence of diabetes associated with Western diets, and an aging population. Extensive research and profound analysis performed for the market together exhibited a high growth potential market with promising growth prospects inherent for the industry. With the increasing income of expat population as well as domestic population in the country, the demand for convenient glucose monitoring products has been increasing and it is anticipated that the blood glucose meter market in the UAE will grow at a CAGR of around 18% during 2011 - 2013.
Besides, we have done thorough research and prudent analysis of the UAE diabetes market and identified some critical factors acting as a catalyst for the industry’s current and future growth outlook. The report reveals that the diabetes in the UAE is becoming a major health issue with 19-25% of the UAE nationals or one in four people being diabetic. Viewing this, spending of the government as well as consumers has been continuously increasing in the country for the past few years.
Our report has also found that among medical devices, insulin pump acquires a major share of the total diabetes market. The main factor responsible for such a sizeable share is the unique capability of the pump of delivering insulin automatically into the body directly.
The systematic and thorough research studies the UAE Diabetes market to present an insight into its various segments, including oral diabetic drugs, insulin market, insulin delivery devices market, and glucose monitoring market.
“Diabetes Market in UAE” provides thorough research and rational analysis along with reliable statistics of the UAE diabetes market. The report studies the current development process and its effects on various segments of the industry. It contains exhaustive information about the key market players, government initiatives, and patient profile that will help clients to draw up market strategies and assess opportunity areas in the UAE diabetes market.
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UAE Blood Glucose Monitoring Market Set for Stupendous Escalation
With the increasing income of expat population as well as domestic population in the country, the demand for convenient and expensive blood glucose meters in the UAE has been increasing, says RNCOS in its latest research study.