Global Digital Diabetes Management Market, By Type (Wearable Devices and Handheld Devices), By Produ

Published Date: | Report Code : HC1958647

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Market Dynamics:

The Global Digital Diabetes Management Market is expected to promise high growth owing to Increased diabetes prevalence and advances in technology in recent years. Increasing demand from End-Use industries including (Individuals/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Academic & Research Institutes, and Others) is expected to drive the growth of the global digital diabetes management market. This market has witnessed number of key developments by major companies including Abbott Laboratories, Tidepool, Agamatrix, Inc., Ascensia Diabetes Care Holdings Ag., Braun Melsungen AG, Dariohealth Corporation, Dexcom, Inc., Hoffmann-La Roche, Glooko, Inc., Insulet Corporation, Lifescan, Inc., Medtronic PLC, Tandem Diabetes Care, Inc… with focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Segment Analysis:

Diabetes is a medical condition with too elevated concentrations of blood glucose or blood sugar. It is a metabolic disorder associated with hormone insulin and, if left untreated, can result in serious conditions with many complications. Managing diabetes is therefore crucial as it is difficult to maintain blood sugar concentrations in diabetes. Managing diabetes thus involves maintaining the carbohydrate intake count, measuring and recording blood sugar levels, tracking exercise records and other tasks.

Digital diabetes management helps diabetes patients customize and monitor diabetes by using intelligent glucose meters and blood glucose monitoring applications to use sophisticated digital technology paradigms. It is anticipated that factors such as increased diabetes incidence, increased self-care demand, technological advances, rising geriatric population, and public initiative will drive market growth. In addition, increasing R&D expenditure and aggressive policies taken by top players such as launching fresh products contribute to market development.

Based on end-users, it is anticipated that self/home healthcare will account for the biggest market share in the coming years. The big proportion of this segment can be ascribed primarily to advances in technology and a change to home care and diabetes self-management.

Key Factors Impacting Market Growth:

  • Increased diabetes prevalence

  • Advances in technology

  • Increasing adoption of cloud-based diabetes management enterprise solutions

  • Growing digital platform absorption and mobile diabetes apps adoption

Regional Analysis:

North America, Western Europe, and the Asia Pacific by region are estimated to dominate the global digital diabetes management market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for the global digital diabetes management market during the forecast period. The US, Germany, France, UK, Canada, and Spain have been some of the major markets in the region.

Asia Pacific is estimated to register one of the highest CAGR for the global digital diabetes management market during the forecast period. This region has witnessed strategic investments by global companies to cater to the growing demand in recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for the global digital diabetes management market in the region. Other regions including the Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for the global digital diabetes management market during the forecast period.

Companies Covered: Abbott Laboratories, Tidepool, Agamatrix, Inc., Ascensia Diabetes Care Holdings Ag., Braun Melsungen AG, Dariohealth Corporation, Dexcom, Inc., Hoffmann-La Roche, Glooko, Inc., Insulet Corporation, Lifescan, Inc., Medtronic PLC, Tandem Diabetes Care, Inc…

Market Segmentation:

By Type:

  • Wearable Devices

  • Handheld Devices

By Product and Services:

  • Devices

  • Digital Diabetes Management Apps

  • Data Management Software

  • Platforms, and Services

By End-users:

  • Individuals/Home Healthcare

  • Hospitals & Specialty Diabetes Clinics

  • Academic & Research Institutes

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Products and Services

    • By End-users

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Type

    • By Products and Services

    • By End-users

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Products and Services

    • By End-users

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Type

    • By Products and Services

    • By End-users

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Type

    • By Products and Services

    • By End-users

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Type

    • By-Products and Services

    • By End-users

Reasons To Buy This Report:

  • Market size estimation of the digital diabetes management market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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