Digital Diabetes Management Market In Full Analysis Of Key Players, Growth Rate, Opportunities and Challenges.
This report aims to provide in-depth insights into the global Digital Diabetes Management Market. It provides valuable information on the type, process, application and region in the market.
In addition, this report also presents the information for these segments by region. Leading market players are profiled to study their product offerings and understand the strategies they are pursuing to compete in this market.
Key factors for market growth:
The main drivers for the growth of this market include the increasing prevalence of diabetes, technological advances, the increasing adoption of cloud-based business solutions and the increasing use of connected devices and apps.
Sales growth analysis:
The digital diabetes management industry is projected to reach US $ 19.9 billion by 2024, up from an estimated US $ 6.8 billion in 2019, with an annual growth rate of 23.8%.
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In terms of products and services, the device segment had the largest share of the digital diabetes management market
Based on product and service, the market is divided into devices, apps, data management software and platforms, and services. The device segment had the largest market share in 2018.
The growing demand for wireless and wearable devices for diabetes management, the increasing adoption of intelligent insulin pumps and pens for insulin delivery, technological innovations and digital advances in devices, and increasing awareness of continuous glucose monitoring in patients are key factors driving the growth of the Device segment.
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The Wearable Devices segment has the fastest growth by type in the digital diabetes management device market
Depending on the type, the digital diabetes management device industry is divided into wearable devices and handheld devices. The wearable device segment had the largest share of the digital diabetes management device market in 2018.
The majority of this segment is due to the increasing number of regulatory approvals for CGM systems. technological advances such as closed pumping systems, smart insulin patches, and other pipeline devices; and the increasing acceptance of intelligent insulin pumps and insulin patches for self-insulin delivery in the treatment of diabetes.
North America, the largest regional market for digital diabetes management
North America had the largest share of the digital diabetes management market in 2018, followed by Europe and the Asia-Pacific region. Factors such as the increasing adoption of networked diabetes management devices, the high adoption of diabetes management apps, the growing demand for integrated hybrid systems with closed-loop systems, favorable reimbursement policies, and government initiatives to promote digital health in the region are driving the growth of the digital Diabetes is advancing management industry in North America.
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Prominent players in the digital diabetes management market are Medtronic (Ireland), B. Braun (Germany), Dexcom (USA), Abbott Laboratories (USA), Roche Diagnostics (Switzerland), Insulet Corporation (USA) and Tandem Diabetes Care ( USA). , Ascensia Diabetes Care (Switzerland), LifeScan (USA), Tidepool (USA), AgaMatrix (USA), Glooko Inc. (USA) and DarioHealth (Israel).
Medtronic is the leader in the digital diabetes management industry. The company’s leading position in this market is due to its strong geographic presence and broad product portfolio, which includes insulin pumps, smart glucose meters, CGM systems, mobile applications, data management software and services.
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