Global Digital Diabetes Management Market, By Product and Services (Devices, Digital Diabetes Management Apps, Data Management Software and Platforms, Services), Type (Wearable Devices, Handheld Devices), End User (Home Care Settings, Diabetes Clinics, Academic and Research Institutes, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The digital diabetes management market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 20.4% in the forecast period of 2021 to 2028. The rising prevalence of diabetes is escalating the growth of digital diabetes management market.
The digital diabetes management system helps patients for enhancing self-management and control the condition. Reduction of blood glucose level and sustaining lower blood glucose is one of the major challenges in managing diabetes which increases the adoption of these systems. Digital engagement can play a significant role in providing proper care for patients suffering from diabetes 1 and 2. Digital diabetes devices consist of diabetes monitoring hardware, mobile software and big data cloud computing infrastructure. Smart glucose monitor refers to wireless blood glucose monitor that assist in measuring and providing information about the blood glucose data to iOS or Android mobile device.
The availability of several apps available on web-based app stores that can help patients monitor their blood glucose levels, increasing technological advancements and innovations in the field and rise in prevalence of diabetes globally are the major factors driving the digital diabetes management market. The anytime-anywhere nature of digital technology enables patients to address their health issues by connecting with the healthcare team and sharing data and the increasing need of a digital ecosystem of data driven tools that can connect patients and their care team for better management of diabetes accelerate the digital diabetes management market growth. The rising adoption of cloud-based enterprise solutions for diabetes management, emergence of digital platforms and adoption of mobile apps for diabetes management and penetration of smartphones among users influence the digital diabetes management market. Additionally, growing geriatric population, increasing disease incidence, changing lifestyles and unhealthy dietary habits, increasing obese population, growth in awareness and surge in healthcare spending positively affect the digital diabetes management market. Furthermore, increasing diabetes-related health expenditure in emerging economies extends profitable opportunities to the digital diabetes management market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the devices, preference of traditional diabetes management devices and lack of reimbursement in developing countries are factors expected to obstruct the digital diabetes management market growth. The rise in concerns regarding the data security and low penetration in developing economies are projected to challenge the digital diabetes management market in the forecast period of 2021 to 2028.
This digital diabetes management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital diabetes management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Digital Diabetes Management Market Scope and Market Size
The digital diabetes management market is segmented on the basis of product and services, type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product and services, the digital diabetes management market is segmented into devices, digital diabetes management apps and data management software and platforms and services.
- On the basis of type, the digital diabetes management market is segmented into wearable devices and handheld devices.
- On the basis of end user, the digital diabetes management market is segmented into home care settings, diabetes clinics, academic and research institutes and others.
Global Digital Diabetes Management Market Country Level Analysis
The digital diabetes management market is analyzed and market size insights and trends are provided by country, product and services, type and end user as referenced above.
The countries covered in the global digital diabetes management market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the digital diabetes management market because of the increasing penetration of smart consumer devices and innovation in AI-based services and introduction of internet of things, big data, machine learning, and robotics. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the product launches and combination marks the entry of next-generation BGM systems in the region.
The country section of the digital diabetes management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The digital diabetes management market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital diabetes management market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the digital diabetes management market. The data is available for historic period 2011-2019.
Competitive Landscape and Digital Diabetes Management Market Share Analysis
The digital diabetes management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital diabetes management market.
The major players covered in the digital diabetes management market report are Abbott, PHC Holdings Corporation, WellDoc, Inc, Sanofi, Dexcom, Inc, DarioHealth, Medtronic, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd, Insulet Corporation, Tandem Diabetes Care, Lifescan, Inc, Agamatrix, Inc, Glooko, Inc, GlucoMe, Becton, Dickinson and Company, Azumio, Diabnext, Voluntis, Smart Meter LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Digital Diabetes Management Market
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