Global Digital Diabetes Management Market is Estimated to Value Over USD 20 Billion by 2026 End

  • 27 Sep 2019

Global Digital Diabetes Management Market is estimated to value over USD 20 billion by 2026 end and register a CAGR of over 22.5% during the forecast period 2019 to 2026.

 

The global digital diabetes management market is primarily steered by factors such as the increasing focus on the adoption and development of digital platform especially for diabetes, technological advancements and the rising prevalence of diabetes.

Based on the device type, wearable devices are anticipated to hold the largest digital diabetes management market share in 2019. This is primarily owing to factors like advancements in technology like smart insulin patches, closed-loop pump systems, the increasing number of regulatory sanctions for CGM systems; and the growing adoption of smart insulin patches and insulin pumps for delivery of self-insulin in the management of diabetes.

On the basis of the end user, the self or home healthcare is anticipated to hold the largest digital diabetes management market share in 2019. This dominance can primarily be credited to advancements in technology and a shift toward managing diabetes by self and home care.

North America is anticipated to augment at a substantially high CAGR over the forecast period. This augmentation is owing to a high rate of adoption of remote online tutorial services particularly for diabetes management, rising demand for advanced solutions like closed-loop systems, high adoption of connected diabetes management apps and devices, favourable reimbursement policies, growing awareness regarding government initiatives to promote digital health and on self-diabetes management in the region.

 

Key market players of the digital diabetes management market industry include Medtronic Plc, Dexcom Inc., F.Hoffmann-La Roche, Abbott Laboratories, Ascensia Diabetes Care Holdings Ag, Abbott Laboratories, B. Braun Melsungen AG, Tidepool, Glooko Inc., Lifescan Inc., Agamatrix Inc., tandem Diabetes Care Inc., Insulet Corp., Dariohealth Corp.

 

Global Digital Diabetes Management Market Segmentation:

By Product & Service

  • Devices

- Smart Glucose Meters

- Continuous Glucose Monitoring Systems

- Smart Insulin Pens

- Smart Insulin Pumps/Closed Loop Systems & Smart Insulin Patches

  • Digital Diabetes Management Apps

- Diabetes & Blood Glucose Tracking Apps

- Weight & Diet Management Apps

  • Data Management Software and Platforms
  • Services

By Type

  • Wearable Devices
  • Handheld Devices

By End User

  • Self/Home Healthcare
  • Hospitals & Specialty Diabetes Clinics
  • Academic & Research Institutes

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

FutureWise Key Takeaways:

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

 

Objectives of the Study:

  • To provide with an exhaustive analysis on the global digital diabetes management market by product & service, by type, by end user and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

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