Market Insights Health Medical Technology Medical Devices

Diabetes Care Devices - Jordan

Jordan

Revenue in the Diabetes Care Devices market market in Jordan is anticipated to achieve US$14.38m in 2024.
The revenue is projected to exhibit an annual growth rate (CAGR 2024-2029) of 11.92%, leading to a market volume of US$25.25m by 2029.
In a global context, the majority of revenue will be produced the United States, which is expected to generate US$11,710.00m in 2024.
In Jordan, the rising prevalence of diabetes is driving demand for advanced diabetes care devices, emphasizing the need for improved patient management solutions.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Diabetes Care Devices Market in Jordan is experiencing considerable growth, fueled by a rising prevalence of diabetes, increased health awareness, and advancements in technology that enhance patient monitoring and treatment options.

Customer preferences: Consumers in Jordan are increasingly prioritizing personalized diabetes management solutions, with a growing interest in smart glucose meters and connected health apps that provide real-time data and analytics. This shift is influenced by a younger, tech-savvy demographic that values convenience and efficiency in health monitoring. Additionally, the emphasis on preventive care and healthy lifestyles is prompting more individuals to engage with community health initiatives, driving demand for educational resources and support networks that complement diabetes care devices.

Trends in the market: In Jordan, the Diabetes Care Devices Market is experiencing a notable shift towards the adoption of smart glucose meters and mobile health applications. This trend is fueled by a younger, tech-savvy population that seeks efficient and convenient diabetes management solutions. As awareness of preventive care increases, more individuals are participating in community health initiatives and educational programs tailored to diabetes. This evolving landscape presents significant opportunities for industry stakeholders, including device manufacturers and healthcare providers, to innovate and develop comprehensive support systems that enhance patient engagement and improve health outcomes.

Local special circumstances: In Jordan, the Diabetes Care Devices Market is shaped by a unique blend of cultural factors and healthcare challenges. The prevalence of diabetes in the region has prompted increased government focus on public health campaigns, emphasizing education and awareness. Additionally, the close-knit community structure fosters support networks for individuals managing diabetes, enhancing engagement with care solutions. Regulatory frameworks encourage the integration of technology in healthcare, creating a favorable environment for innovative diabetes management devices. This dynamic landscape presents opportunities for tailored solutions that resonate with local needs.

Underlying macroeconomic factors: The Diabetes Care Devices Market in Jordan is significantly influenced by macroeconomic factors including national economic stability, healthcare funding, and global economic trends. With a rising prevalence of diabetes, the Jordanian government is prioritizing healthcare investments, which encourages the adoption of advanced medical technologies. Favorable fiscal policies aimed at health sector improvement bolster local manufacturing and import of diabetes care devices. Moreover, global trends in healthcare innovation and increasing foreign investment in medical technology are further enhancing market potential, aligning with local needs and strengthening patient outcomes.

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.