Diabetes Care Devices - Bahrain | Statista Market Forecast

In Bahrain, the revenue in the Diabetes Care Devices market market is projected to reach US$5.86m in 2024.
This revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 12.42%, leading to a market volume of US$10.52m by 2029.
In a global context, the United States is expected to generate the highest revenue in this market, amounting to US$11.71bn in 2024.
Bahrain's diabetes care devices market is increasingly focusing on innovative technology solutions to enhance patient monitoring and management strategies.

Definition:
The Diabetes Care Devices market, a medical technology market, includes medical devices used in the management and treatment of diabetes. These devices range from blood glucose meters and continuous glucose monitoring systems to insulin pumps, insulin pens, and other related accessories. It is important to note that the market does not include pharmaceutical products used in the treatment of diabetes, such as insulin and oral hypoglycemic agents.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Key players in the market include Medtronic, Abbott Laboratories, and Roche Diagnostics. Further information on the key players can be found in the Market Shares boxes.

Blood glucose monitoring devices
Insulin delivery devices

Diabetes drugs
Diabetes supplements

The Diabetes Care Devices Market in Bahrain is witnessing considerable growth, propelled by factors such as increasing prevalence of diabetes, advancements in technology, and heightened awareness of diabetes management among the population, enhancing patient outcomes and convenience.

Customer preferences: In Bahrain, there is a noticeable shift towards personalized diabetes management solutions, with consumers increasingly favoring connected devices that provide real-time data and insights. The rise in health-consciousness among younger demographics, coupled with a growing interest in preventive healthcare, is driving demand for smart glucose monitors and integrated apps that facilitate lifestyle adjustments. Additionally, culturally tailored educational initiatives are enhancing awareness and encouraging proactive engagement in diabetes care, reflecting a broader trend towards holistic health management.

Trends in the market: In Bahrain, the Diabetes Care Devices Market is increasingly embracing innovative technology, with a surge in demand for continuous glucose monitoring systems and mobile health applications. This trend is significantly influenced by the rising prevalence of diabetes and a proactive approach to health management among the population. Healthcare providers are also integrating these smart devices into treatment plans, promoting better patient adherence and outcomes. As awareness grows, industry stakeholders, including device manufacturers and healthcare professionals, must adapt to these evolving preferences, ensuring that products are user-friendly and culturally relevant to maximize engagement and effectiveness in diabetes care.

Local special circumstances: In Bahrain, the Diabetes Care Devices Market is shaped by a unique blend of cultural and regulatory factors. The nation's high diabetes prevalence necessitates tailored healthcare solutions that resonate with local customs and lifestyles. The government’s commitment to improving health infrastructure and promoting awareness campaigns further fuels the demand for innovative diabetes technologies. Additionally, Bahrain's small population allows for more personalized healthcare approaches, enabling manufacturers and providers to effectively engage with patients and adapt to their specific needs, fostering a supportive environment for diabetes management.

Underlying macroeconomic factors: The Diabetes Care Devices Market in Bahrain is influenced by several macroeconomic factors, including the nation’s overall economic stability, healthcare spending, and government policies prioritizing public health. The Bahraini economy, bolstered by oil revenues, allows for significant investments in healthcare infrastructure and technology. Furthermore, the government's focus on combating lifestyle diseases through health initiatives enhances the demand for diabetes care devices. Global trends, such as the rising prevalence of diabetes and advancements in medical technology, also play a crucial role, creating opportunities for innovation and market growth tailored to the needs of the local population.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.