The research includes a forecast and analysis of the worldwide and regional digital diabetes management markets. The report contains historical data from 2016 to 2018, as well as revenue forecasts from 2019 to 2025. (USD Billion). The analysis examines the digital diabetes management market’s drivers and restraints, as well as the impact they have on demand during the projection period. The report also provides an analysis of the global and regional opportunities in the digital diabetes management market.
The global digital diabetes management market is expected to grow at a CAGR of 12.2 percent from an estimated USD 14.3 billion in 2022 to USD 25.5 billion by 2027. The rising prevalence of diabetes has raised the emphasis on the development and implementation of better diabetes care solutions. Furthermore, technological improvements have enabled the market launch of highly adaptable solutions. Other important drivers boosting market expansion are the increased usage of cloud-based enterprise solutions and the growing use of linked devices and apps. However, constraints such as high device costs, a lack of funding in underdeveloped countries, and a preference for traditional diabetes care technologies are projected to limit the market’s growth.
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We have included a competition landscape and an analysis of Porter’s Five Forces model for the market to provide consumers with a thorough insight of the digital diabetes management market. The research includes a market attractiveness analysis, in which all segments are benchmarked based on market size, growth rate, and overall attractiveness.
The study includes company market share data to provide a more comprehensive picture of the market’s top competitors. Furthermore, the report covers key strategic market developments such as acquisitions and mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants in the global and regional digital diabetes management market.
By segmenting the market by type, product and service, end-user, and geography, the study provides a decisive view of the digital diabetes management industry. The market is divided into two types: wearable and handheld devices. The market is divided into devices, digital diabetes management apps, data management software and platforms, and services. The devices market is further subdivided into continuous glucose monitoring systems, smart glucose metres, smart insulin pens, closed-loop systems/smart insulin pumps, and smart insulin patches. Diabetes and blood glucose tracking apps, as well as weight and nutrition management apps, are subcategories of digital diabetes management apps. Individuals/home healthcare, academic and research institutes, hospitals and speciality diabetes clinics, and others are the market’s end-user segments.
The regional segmentation includes present and anticipated demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, as well as important countries such as the United States, Canada, Germany, France, the United Kingdom, China, Japan, India, and Brazil.
Medtronic, Dexcom, B. Braun, Abbott Laboratories, Tandem Diabetes Care, Insulet Corporation, Lifescan Inc., Ascensia Diabetes Care, AgaMatrix, Glooko Inc., Tidepool, and Dariohealth are among the leading participants in the worldwide digital diabetes management market.
This report segments the global digital diabetes management market into:
Global Digital Diabetes Management Market: By Type
Global Digital Diabetes Management Market: By Product and Service
Smart Glucose Meters
Continuous Glucose Monitoring Systems
Smart Insulin Pens
Smart Insulin Pumps/Closed-Loop Systems and Smart Insulin Patches
Digital Diabetes Management Apps
Diabetes and Blood Glucose Tracking Apps
Weight and Diet Management Apps
Data Management Software and Platforms
Global Digital Diabetes Management Market: By End-User
Hospitals and Specialty Diabetes Clinics
Academic and Research Institutes
Global Digital Diabetes Management Market: By Region
Middle East and Africa
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