Market Insights Health Medical Technology Medical Devices

Diabetes Care Devices - South Africa

South Africa

The Diabetes Care Devices market market in South Africa is forecasted to achieve revenue of €119.70m in 2024.
This figure represents the expected financial gains specifically within the Diabetes Care Devices market market in South AfriFurthermore, it is anticipated that the revenue will exhibit a compound annual growth rate (CAGR 2024-2029) of 11.51%, leading to a market volume of €206.40m by 2029.
These numbers reflect the projected growth and expansion of the market over the specified time period in the country of South Africa.
When compared to other countries globally, it is noteworthy that the United States is expected to generate the highest revenue in this market.
In 2024, the projected revenue for Diabetes Care Devices market the United States is estimated to be €10,860.00m.
This statistic highlights the significant economic potential withthe United States market in relation to Diabetes Care Devices market.
South Africa's diabetes care devices market is experiencing a surge in demand due to the increasing prevalence of diabetes and rising awareness about the importance of self-monitoring.

Key regions: Netherlands, Japan, France, Italy, China

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Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.