According to Data Bridge Market Research new Market report, global digital diabetes management market will account to an estimated USD 5.4 billion in 2018 growing at a CAGR of 23.95% during the forecast period of 2018 to 2025.
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Diabetes management consists of test strip supplies, connected devices, application driven administrations, along with coaching services so that patients can manage their blood sugar level. Diabetes is a disease that is requires being monitor on daily basis and this digital diabetes management devices help the patient to do that. This helps them to avoid damage to their eyes, kidneys, and nerves.
Global digital diabetes management market is segmented on the basis of type, product and services, end- user and geography.
By Type (Wearable Devices, Handheld Devices), Product and Services (Devices, Digital Diabetes Management Apps, Data Management Software and Platforms, Services), End- User (Self/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Academic & Research Institutes), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN DIGITAL DIABETES MANAGEMENT MARKET
Increasing prevalence of diabetes
In 2017, the estimated prevalence of diabetes among the 20 to 79 age group was 14.8% in the Mexico, which was 13.9 % in Portugal. In Malta it was 13.2% followed by United States and Turkey with 13% and 12.8% respectively. It is expected that this percentage is going to increase.
Key Market Competitors:
Few of the major competitors currently working in the digital diabetes management market are Medtronic, F. Hoffmann-La Roche Ltd, Dexcom, Inc., Ascensia Diabetes Care Holdings AG., Abbott., B. Braun Melsungen AG, Glooko, LifeScan, Inc., AgaMatrix Inc., Tandem Diabetes Care, Inc., Insulet Corporation, DarioHealth.
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