Jersey City, New Jersey, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Digital Diabetes Management Market” By Type (Wearable Devices, Handheld Devices), By Product And Services (Devices, Digital Diabetes Management Apps), By End-User (Academic And Research Institutes, Self/Home Healthcare), and By Geography.
The Digital Diabetes Management Market size was valued at USD 8.07 Billion in 2020 and is projected to reach USD 47.83 Billion by 2028, growing at a CAGR of 24.16 % from 2021 to 2028, according to the most recent study from Verified Market Research.
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Browse in-depth TOC on “Digital Diabetes Management Market”
202 - Pages
126 – Tables
37 – Figures
Report Scope
Global Digital Diabetes Management Market Overview
Diabetes is a chronic condition that needs constant self-management. A considerable share of individuals having diabetes is managed and treated by primary care teams, with clinic visits averaging 15 minutes twice a year hence patients are basically on their own for the rest of the time. Owing to this enormous gap between visits, diabetes care is chiefly dependent on personal self-management and if it’s not performed well it can lead to the risk of premature death, blindness, amputation, and kidney failure as a consequence. Therefore, several digital platforms have been developed to facilitate the tracking of diabetes data to improve diabetes management.
The growing prevalence of diabetes globally and the increasing geriatric population base are expected to drive the Digital Diabetes Management Market over the predicted years. Also, the rising diffusion of smart devices and digital platforms expects a boost to the market in the coming years. Additionally, increasing health awareness & expenditure and digitalization of healthcare systems are predicted to propel the market during the forecasted period.
There are certain restraints and challenges faced which can hinder market growth. Factors such as the high cost of digital devices, the absence of basic innovation, framework, and web access in underdeveloped economies, and the lack of reimbursement policies in emerging countries are likely to act as market restraints.
Key Developments
- On February 2020, DreaMed Diabetes Ltd., the developer of personalized diabetes management solutions, and DexCom Inc., the leader in continuous glucose monitoring for people with diabetes, announced a data partnership agreement. The collaboration enables a seamless data transfer of CGM data from Dexcom into DreaMed Advisor, an advanced decision support platform designed to assist healthcare professionals in optimizing patient-specific insulin therapy for people with diabetes.
- On August 2020, B. Braun Medical Inc. and Kerma Medical Products, Inc. announced a collaboration to improve the development and delivery of healthcare products and services, emphasizing veteran, minority, and other underserved communities. The companies will work together on a range of areas, including product development, co-marketing opportunities, strategic sourcing, sustainable manufacturing, and diversity programs.
Key Players
The major players in the market are Medtronic PLC, Abbott Laboratories, B. Braun Melsungen AG, F. Hoffmann-La Roche, Dexcom, Inc., Ascensia Diabetes Care Holdings Ag., Insulet Corporation, Dariohealth Corporation, Lifescan, Inc., Agamatrix, Inc., Tandem Diabetes Tidepool, Glooko, Inc., And Care, Inc.
Based on their research, Verified Market Research has segmented the global Digital Diabetes Management Market.
- Digital Diabetes Management Market, by Type
- Wearable Devices
- Handheld Devices
- Digital Diabetes Management Market, by Product And Services
- Devices
- Smart Insulin Pens
- Smart Glucose Meters
- Smart Insulin Pumps/Closed Loop Systems & Smart Insulin Patches
- Continuous Glucose Monitoring Systems
- Digital Diabetes Management Apps
- Diabetes & Blood Glucose Tracking Apps
- Weight & Diet Management Apps
- Services
- Data Management Software and Platforms
- Devices
- Digital Diabetes Management Market, by End-User
- Academic & Research Institutes
- Self/Home Healthcare
- Hospitals & Specialty Diabetes Clinics
- Digital Diabetes Management Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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