Diabetes Care Devices - Tanzania | Statista Market Forecast

The Diabetes Care Devices market market in Tanzania is anticipated to generate revenue amounting to US$19.12m in 2024.
This revenue is predicted to exhibit an annual growth rate (CAGR 2024-2029) of 14.00%, leading to a market volume of US$36.82m by 2029.
When compared globally, the highest revenue within this market will be produced the United States, projected at US$11.71bn in 2024.
Tanzania's Diabetes Care Devices market is increasingly embracing innovative solutions, driven by a rising prevalence of diabetes and growing health awareness among its population.

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 Tanzania is witnessing considerable growth, fueled by factors such as increasing prevalence of diabetes, heightened awareness of health management, and advancements in technology enhancing accessibility and efficiency of diabetes care solutions.

Customer preferences: In Tanzania, there is a growing inclination among consumers towards integrated diabetes management solutions that combine traditional care with digital technology. Individuals are increasingly favoring devices that offer real-time monitoring and data sharing with healthcare providers, reflecting a shift towards personalized care. This trend is further influenced by the younger population's familiarity with technology and mobile health applications. Additionally, cultural attitudes towards health are evolving, prompting a greater acceptance of preventive care and self-management practices, ultimately enhancing the adoption of innovative diabetes care devices.

Trends in the market: In Tanzania, the Diabetes Care Devices Market is experiencing a notable shift towards integrated digital health solutions that empower patients through real-time monitoring and data connectivity with healthcare providers. This trend is particularly pronounced among the younger demographic, who are more inclined to adopt mobile health applications and smart devices for diabetes management. As cultural perceptions of health evolve, there is a growing acceptance of preventive care and self-management practices, which signifies a pivotal change in diabetes care. For industry stakeholders, this presents opportunities to innovate and cater to a more tech-savvy consumer base, ultimately driving the adoption of advanced diabetes care devices.

Local special circumstances: In Tanzania, the Diabetes Care Devices Market is shaped by unique geographical and cultural factors, such as limited access to healthcare facilities in rural areas and a strong community emphasis on traditional health practices. The rise of mobile connectivity has enabled innovative solutions to reach underserved populations, fostering a blend of conventional and digital health approaches. Regulatory support for digital health initiatives encourages local startups to develop affordable, culturally relevant diabetes management tools, enhancing patient engagement and improving health outcomes in a rapidly evolving market landscape.

Underlying macroeconomic factors: The Diabetes Care Devices Market in Tanzania is significantly influenced by macroeconomic factors such as national economic stability, healthcare funding, and global economic trends. The country’s economic growth, driven by agriculture and tourism, impacts disposable income levels, affecting individuals' ability to invest in diabetes management tools. Fiscal policies promoting healthcare investments and foreign aid enhance access to medical devices. Additionally, the increasing burden of diabetes, alongside rising healthcare costs, compels government and private sectors to prioritize affordable and innovative diabetes care solutions, fostering market growth in this underserved region.

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.