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Middle East & Africa Glucagon-like Peptide – 1 (GLP – 1) Agonists Market – Growth, Trends, and Forecast (2019 – 2024)
| Healthcare | Published by: Mordor Intelligence | Market: Middle East & Africa |
| 80 pages | Published: 13-06-2019 |
- Healthcare
- Mordor Intelligence
- Middle East & Africa
- 80 pages
- Published: 13-06-2019
Market Overview
For the last three decades, the Middle East & African countries have witnessed some critical social and economic transformations, which involve rapid economic growth and urbanization, along with reduced infant mortality and increased life expectancy.
Meanwhile, a few countries in the region have seen a decreased economy, due to political tension, along with other social factors, such as terrorism.
In the Middle East & Africa, approximately 35.5 million people live with diabetes. Middle Eastern countries have a high diabetes prevalence.
For instance, the percentages of type 2 diabetes in a few important countries are as follows: Saudi Arabia 24%, Kuwait 23%, Bahrain 22%, Qatar 20%, and UAE 19%.
It is estimated that only USD 17 billion was spent on diabetes, despite high prevalence in the region. Growth in the number of middle-class households, as well as increasing per capita income in these countries, will result in better spending power in general, thereby helping to drive the market during the forecast period (2019-2024).
Along with this, a few important factors, such as advanced healthcare infrastructure, technological advancement, and availability of skilled medical professionals, are likely to play paradigm shifting roles in the overall growth of this market.
The Middle East & Africa region suffers from a high burden of diabetes, and its adverse health and economic consequences. The disease should be viewed as a serious threat, not just from public health, but also from a development perspective. With risk factors, such as increasing obesity, and progressively aging populations, the diabetes epidemic is growing, especially in low- and middle-income countries in the region. It is one of the most common chronic diseases in Saudi Arabia, followed by Kuwait.
Scope of the Report
The market is segmented by drug (Exenatide, Liraglutide, Dulaglutide, Lixisenatide), by brand (Byetta, Bydureon, Victoza, Trulicity, Lyxumia), and by geography.
Key Market Trends –
Rising Prevalence of Diabetes
As per a WHO report, the global prevalence of diabetes, among people of over 18 years, has accelerated from about 4.7%, in 1980, to over 8.5%, in 2014.
Diabetes prevalence has been rising rapidly in middle- and low-income countries. In 2015, about 1.6 million deaths were directly associated with diabetes, which was around 2.2 million in 2012.
Almost half of all deaths attributable to high blood glucose occur before the age of 70. WHO projects that diabetes is likely to be the seventh leading cause of death by 2030.
Statistics prove that one in ten individuals in the country has diabetes and a rise in this trend is expected to take the situation to one in three, by 2050 (according to the Center for Disease Control and Prevention).
The growing prevalence of diabetes is the primary driver for the global diabetes care drugs market. Additionally, raising awareness regarding diabetes care, growing prevalence of obesity, and technological advancements are further driving the market.
Saudi Arabia to Lead the GLP-1 Market
The GLP-1 market is expected to witness a high CAGR, of 13.4%, over the forecast period. Saudi Arabia is expected to hold the highest market share in the Middle East & Africa GLP-1 agonist market.
Victoza holds the highest market share in the region and the same trend is seen in Saudi Arabia. Trulicity is expected to have the highest growth during the forecast period (2019-2024)
The Saudi Arabian market is expected to see robust growth during the forecast period (2019-2024), due to the high number of R&D-related investments in the market. Some of these pipeline products are two of Sanofi’s GLP-1s, efpeglenatide and SAR425899, which are expected to launch in 2020 and 2021, respectively.
Competitive Landscape
The global GLP-1 market is consolidated, with four major manufacturers holding their presence in all regions.
The market for GLP-1 agonist drugs includes Victoza, Trulicity, Byetta, Bydureon, and Lyxumia. The market is expected to grow significantly, during the forecast period, due mainly to Trulicity and Ozempic.
Oral Semaglutide, which is in phase 3 of its clinical trials, is expected to launch by 2020. The product has shown better results than Januvia in studies.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Drivers
4.3 Restraints
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Drug
5.1.1 Exenatide
5.1.1.1 Byetta (Value and Volume 2012-2024)
5.1.1.2 Bydureon (Value and Volume 2012-2024)
5.1.2 Liraglutide
5.1.2.1 Victoza (Value and Volume 2012-2024)
5.1.3 Lixisenatide
5.1.3.1 Lyxumia (Value and Volume 2012-2024)
5.1.4 Dulaglutide
5.1.4.1 Trulicity (Value and Volume 2012-2024)
5.2 Geography
5.2.1 Middle East & Africa
5.2.1.1 Saudi Arabia (Value and Volume 2012-2024)
5.2.1.1.1 By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
5.2.1.1.2 By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
5.2.1.2 Egypt (Value and Volume 2012-2024)
5.2.1.2.1 By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
5.2.1.2.2 By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
5.2.1.3 Iran (Value and Volume 2012-2024)
5.2.1.3.1 By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
5.2.1.3.2 By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
5.2.1.4 South Africa (Value and Volume 2012-2024)
5.2.1.4.1 By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
5.2.1.4.2 By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
5.2.1.5 Oman (Value and Volume 2012-2024)
5.2.1.5.1 By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
5.2.1.5.2 By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
5.2.1.6 Rest of Middle East & Africa (Value and Volume 2012-2024)
5.2.1.6.1 By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
5.2.1.6.2 By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
6 MARKET INDICATORS
6.1 Type-1 Diabetes Population (2012-2024)
6.2 Type-2 Diabetes Population (2012-2024)
7 COMPETITIVE LANDSCAPE
7.1 COMPANY PROFILES
7.1.1 Novo Nordisk
7.1.2 Sanofi
7.1.3 Eli Lilly
7.1.4 AstraZeneca
7.2 MARKET SHARE ANALYSIS
7.2.1 Novo Nordisk
7.2.2 Sanofi
7.2.3 Eli Lilly
7.2.4 AstraZeneca
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Drug
Exenatide
Byetta (Value and Volume 2012-2024)
Bydureon (Value and Volume 2012-2024)
Liraglutide
Victoza (Value and Volume 2012-2024)
Lixisenatide
Lyxumia (Value and Volume 2012-2024)
Dulaglutide
Trulicity (Value and Volume 2012-2024)
Geography
Middle East & Africa
Saudi Arabia (Value and Volume 2012-2024)
By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
Egypt (Value and Volume 2012-2024)
By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
Iran (Value and Volume 2012-2024)
By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
South Africa (Value and Volume 2012-2024)
By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
Oman (Value and Volume 2012-2024)
By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
Rest of Middle East & Africa (Value and Volume 2012-2024)
By Drug (Exenatide, Liraglutide, Lixisenatide, and Dulaglutide)
By Company (Novo Nordisk, Sanofi, Eli Lilly, and AstraZeneca)
Middle East & Africa Smart Meters Market – Growth, Trends and Forecasts (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: Middle East & Africa |
| 80 pages | Published: 11-06-2019 |
- Automation
- Mordor Intelligence
- Middle East & Africa
- 80 pages
- Published: 11-06-2019
Market Overview
The number of smart meter units installed in Middle East & Africa was estimated to be 1,723.2 thousand units in 2018, and it is estimated to witness a CAGR of 42.0% over the forecast period (2019-2024). With rapid economic and population growth resulting in higher energy demand, the need for energy management is substantial in the Middle East & African region.
The need for improvement in energy efficiency and smart city investments are driving the growth in the Middle East & African smart meters market.
The most prominent restraint in the smart meters market is the availability of capital funding. Smart systems are comparatively more expensive than the regular metering equipment employed by most of the service providers and users.
According to the World Bank, the primary energy demand in the Middle East & North African region is expected to rise at an annual rate of 1.9%, through 2035. These factors indicate the need for smart metering infrastructure, in order to manage the demand and plan network expansion accordingly.
Scope of the Report
A smart meter is an electronic device that records the consumption of electric energy and communicates the information to the electricity supplier for monitoring and billing. Smart meters typically record energy hourly or more frequently, and report at least daily.
Key Market Trends
Commercial Sector to Hold Significant Share
The commercial infrastructure in smart metering includes hospitals, offices, schools, retailers, and restaurants, among others. The real benefit for the commercial users is that they can keep a closer eye on the volume used, therefore, lowering or streamlining the amount spent on a daily basis. Additionally, features, like real-time monitoring with analysis can offer the small business in the region with the ability to address any wastage.
The water shortage in schools in South Africa has led to the high adoption of smart water meters. In December 2017, in South Africa, schools faced a massive water shortage, which, in turn, compelled organizations to integrate smart water meters, to monitor and reduce the unnecessary consumption of water.
The growing infrastructure development in the region is further expected to drive the market for smart meters and attract market vendors to target a wide range of commercial customers. For instance, Steamaco rolled out 20,000 meters in West Africa, from containerized solar mini-grids in Mali to dense shopping markets in northern Nigeria.
Saudi Arabia Expected to Hold Major Share
One of the fastest-growing economies in the Middle East, the Kingdom of Saudi Arabia is faced with a growing energy demand. Accelerated economic and infrastructure growth calls for stable and reliable energy supply and management. The plan for large-scale smart metering implementation, supporting the Saudi Electricity Company’s (SEC) goal for enhanced energy efficiency, in line with Saudi Vision 2030, is witnessing increased investments.
For SEC, the introduction of smart metering is essential for handling a booming energy demand in a fast-paced economy. Moreover, smart metering implementation projects are seen as a sign of thorough restructuring and liberalization of the Saudi electricity sector.
With the number of metering points continuously on the rise, especially in the residential sector, the country aims to install around 12 million smart meters across the Kingdom by 2030. Furthermore, the SEC announced the launch of the Smart Metering Project Wave public tender, which involves the deployment of over 2 million smart meters, testing equipment, telecommunications infrastructure, and head-end system.
As average temperatures go up in the country and infrastructure continues to develop, the demand for air conditioning is projected to triple by 2050, according to the intergovernmental organization International Energy Agency. However, growth in electricity consumption in the country is likely to slow to 1.5% a year, down from the estimated 6-10% , according to the SEC.
Competitive Landscape
With only a few domestic companies in the Middle East & African region, the global companies with significant supplier/distribution channels and subsidiaries in the region constitute the competitive landscape of the Middle East & African smart meters market. Domestic technology companies are involving in strategic partnerships with global smart meter companies, in order to benefit from the technical expertise and increase the domestic presence. This, in turn, is increasing the chances for more contracts from the regional government. Some examples of strategic partnerships, mergers, and acquisitions in the Middle East & African smart meters market are:
In October 2017, the Dubai Electricity and Water Authority (DEWA) selected Honeywell for the provision of additional 150,000 smart meters. In the previous deal, the solutions provider supplied the utility with 250,000 advanced metering infrastructure (AMI) units.
In February 2018, Electricity and Water Distribution (EWA) and Iskraemeco announced the development of a smart grid in Bahrain. Iskraemeco as part of the modernizing project that aims to reform the Bahraini energy sector. After a period of intensive collaboration, Iskraemeco has become one of the leading metering solution providers in Bahrain.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Need For Improvement in Energy Efficiency and Smart City Investments
4.2.2 Demand for Sustainable Water Supply for All End Users
4.3 Market Restraints
4.3.1 High Costs and Integration Difficulties with Smart Meters
4.4 Value Chain / Supply Chain Analysis
4.5 Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By End User
5.1.1 Residential
5.1.2 Commercial
5.1.3 Industrial
5.2 Smart Electricity Meters Market Segmentation
5.2.1 By Region
5.2.1.1 Middle East
5.2.1.2 Saudi Arabia
5.2.1.3 Africa
5.3 Smart Gas Meters Market Segmentation
5.3.1 By Region
5.3.1.1 Middle East
5.3.1.2 Africa
5.4 Smart Water Meters Market Segmentation
5.4.1 By Region
5.4.1.1 Middle East
5.4.1.2 Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 LANDIS+GYR Group AG
6.1.2 WASION Group Holdings
6.1.3 Elster Group GmbH (Honeywell International Inc.)
6.1.4 Iskraemeco, d.d.
6.1.5 Electromed (Termikel Group)
6.1.6 Kamstrup AS
6.1.7 Holley Technology
6.1.8 ADD Group
6.1.9 Itron Inc.
6.1.10 Hexing Electric Co. Ltd
6.1.11 Sensus (Xylem Inc.)
6.1.12 Diehl Metering FZE
6.1.13 AEM SA
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By End User
Residential
Commercial
Industrial
Smart Electricity Meters Market Segmentation
By Region
Middle East
Saudi Arabia
Africa
Smart Gas Meters Market Segmentation
By Region
Middle East
Africa
Smart Water Meters Market Segmentation
By Region
Middle East
Africa
Middle East & Africa UHT Milk Market – Segmented by Product Type, Distribution Channel, and Geography – Growth, Trends, and Forecast (2018 – 2023)
| Unknown | Published by: Mordor Intelligence | Market: Middle East & Africa |
| Unknown | Published: 24-06-2019 |
- Mordor Intelligence
- Middle East & Africa
- pages
- Published: 24-06-2019
Market Insights
The Middle East & Africa UHT Milk Market is expected to reach USD 1.9 billion by 2023, witnessing a CAGR of 4.3% during the forecast period. The Middle East & Africa UHT Milk sale has surpassed 1614 million Kg in 2017, with milk accounting for the largest category. Egypt and Saudi Arab is the largest market which accounts for about half of the value consumption in the region.
Rising demand for western packaged milk product with longer shelf life and lack of proper supply chain structure that demands cold storage for fresh milk triggered the demand for UHT milk. Changing lifestyle as consumer’s exposure to western style food products mainly among the sizeable young population are further driving the UHT Milk market growth. Stringent government regulation such as implemented hefty fees on expatriates by Saudi Government is affecting overall drinking milk market.
Convenience the Key Driver
Daily consumption of drinking milk and gap in a demand-supply structure in the region fueled the UHT milk sale. Convenient packaging coupled with longer shelf life has strongly supported the demand for UHT milk. Lack of infrastructure and cold chain facility to store fresh milk in countries, like Egypt, Nigeria further accelerated the UHT milk market.
Fresh milk owing to shorter shelf life cannot store for a more extended period. Increased import dependency and insufficient domestic production to meet the essential drinking milk requirement fueled the UHT milk demand. Besides, UHT milk can sustain a high temperature of the environment and offer ease of transport, thus fueled the demand. Innovation in packaging such as PET bottle provides a potential UHT milk market opportunity in the region owing to convenience. The recent imposition of tax on expatriates by Saudi Government, which increases every year, along with the foreign employee tax on the company has negatively affected the processed food market.
International Flux Demanding UHT Milk
UAE UHT milk market is witnessing an impressive CAGR of 8.7% during the forecasted period driven by increasing population demanding drinking milk. More than 40% of the population in UAE are under 30 yr which influenced by western culture demands processed milk with longer shelf life. Increased working population and economy further supported the market. Hypermarket and supermarket continue to dominate the UHT milk sale which is followed by convenience stores. Bulk purchase of grocery and big left offered by supermarkets driving sales. Growing middle-class population in the region such as South Africa, Egypt that migrating to urban areas, consumes mostly UHT milk. Inconsistent supply of electricity in Africa affecting cold chain supply for fresh milk fueled UHT milk supply.
Key Developments
August 2017- Koita’s launched Organic UHT milk in convenient tetra pack with a twist cap and offering door-to-door service. The product is made from grass-fed cow milk with unique pasteurization process, which makes it taste, like fresh milk with halal-certified vitamin A and D3
The Middle East & Africa UHT Milk Market is fragmented with large number of domestic and multinational player competing for market share. Almarai Co. occupies dominant share in Middle East market. Companies focusing on new product launch and partnership with distribution channels as their key marketing strategy.
Major players include- Almarai Co., The Lactalis Group, Nestle S.A., Clover SA, Royal Friesland Campina N.V., among others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
Distribution Channel sales Analysis by Value
Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Market
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
3.1 Market Trends
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Lack of Supply Chain Infrastructure
3.2.1.2 High Import Dependecy Demanding Longer Shelf Life Dairy Products
3.2.1.3 Changing Lifestyle and Westernisation Trend
3.2.2 Restraints
3.2.2.1 Increased Production Cost Owing to Competition from Flavored Milk
3.2.2.2 Stringent Government Regulation
3.2.3 Opportunities
3.2.3.1 Innovation in Product Packaging
3.2.4 Porter’s Five Forces Analysis
3.2.4.1 Bargaining Power of Suppliers
3.2.4.2 Bargaining Power of Buyers
3.2.4.3 Threat of New Entrants
3.2.4.4 Threat of Substitute Products and Services
3.2.4.5 Degree of Competition
4. Market Segmentation
4.1 By Distribution Channel
4.1.1 Warehouse Clubs
4.1.2 Convenience Stores
4.1.3 Specialist Retailers
4.1.4 Supermarkets and Hypermarkets
4.1.5 Variety Stores
4.1.6 On-line Retail
4.1.7 Other Distribution Channels
4.2 By Geography
4.2.1 Middle East & Africa
4.2.1.1 South Africa
4.2.1.2 Saudi Arabia
4.2.1.3 United Arab Emirates
4.2.1.4 Rest of Middle East & Africa
5. Competitive Landscape
5.1 Market Share Analysis
5.2 Strategy Adopted by Key Players
5.3 Most Active Companies in the Past Five Years
6. List of Company Profiles
6.1 Overview
6.2 Products & Services
6.3 Financials
6.4 Key Developments
6.5 Strategies Adopted
6.6 SWOT Analysis of Major Five Players
7. Companies Covered
7.1 Almarai
7.2 Clover SA
7.3 M. Bamujally United Co.
7.4 AL-NAFEA Trading Holding Company
7.5 Dewfresh Products (Pty) Ltd
7.6 National Foods Limited
7.7 Nestle S.A.
7.8 Grupo Gloria
7.9 Royal FrieslandCampina N.V.
7.10 Juhayna Food Industries
7.11 Lactalis Group
7.12 Hochland AG
8. Appendix
8.1 Disclaimer
8.2 Sources
LIST OF TABLES
1: UHT Milk Market: Revenue in USD million, by Country, Middle East & Africa, 2015-2023
2: UHT Milk Market: Revenue in USD million, by Distribution Channel, Middle East & Africa, 2015-2023
3: UHT Milk Market: Volume in million Kg, by Country, Middle East & Africa, 2015-2023
Market Segmentation
By Distribution Channel
Warehouse Clubs
Convenience Stores
Specialist Retailers
Supermarkets and Hypermarkets
Variety Stores
On-line Retail
Other Distribution Channels
By Geography
Middle East & Africa
South Africa
Saudi Arabia
United Arab Emirates
Rest of Middle East & Africa