Digital Diabetes Management Market by Type (Wearable Devices and Handheld Devices), by Product and Service (Devices, Digital Diabetes Management Apps, Data Management Software and Platforms, and Services), and by End-User (Individuals/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Academic & Research Institutes and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global digital diabetes management market expected to generate around USD 24.5 billion by 2025, at a CAGR of around 23.6% between 2019 and 2025. The increasing prevalence of diabetes worldwide, rising geriatric population base, and growing penetration of smart devices, digital platform, and adoption of mobile apps are likely to fuel the global digital diabetes management market in the future.

21-Feb-2019 | Number of pages: 110 | Report Code: ZMR-3844 | Report Format : | Status : Published

Analysis

Artificial intelligence (AI), digital research, and digital medicine allow continuous and remote monitoring of patients’ symptoms, behaviors, and physiological data via wearable devices, smartphone applications, and sensors. Diabetes treatment relies hugely on comprehensive data. Digital diabetes management solutions offer continuous blood glucose monitoring apart from keeping track of the values. Thus, these digital diabetes management solutions are gaining momentum worldwide.

Diabetes prevalence is growing rapidly due to a sedentary lifestyle and changing dietary habits. As per the World Health Organization, about 1.6 million deaths were directly associated with diabetes in 2016. As per the International Diabetes Federation estimates, about 425 million adults had diabetes worldwide in 2017, which is expected to reach about 629 million by 2045. Approximately, USD 727 billion was spent on adult health due to diabetes. Diabetes poses a major challenge to the society and thus healthcare companies are focusing to offer technologically advanced solutions to control diabetes worldwide.

Global Digital Diabetes Management Market

The increasing prevalence of diabetes worldwide, rising geriatric population base, and growing penetration of smart devices, digital platform, and adoption of mobile apps are likely to fuel the global digital diabetes management market in the future. Additionally, technological advancements and the growing adoption of digital solutions worldwide are projected to further propel this market’s growth over the estimated timeframe. Other factors that are anticipated contribute toward the growth of the digital diabetes management market are increasing health awareness and expenditure and digitalization of healthcare systems. However, the high cost of digital devices and lack of reimbursement policies in emerging countries may hamper the digital diabetes management market globally.

The global digital diabetes management market segments are based on type, product and service, and end-user. By type, the market is segmented into wearable and handheld devices. By product and service, the market is segmented into devices, digital diabetes management apps, data management software and platforms, and services. The devices segment is sub-segmented into continuous glucose monitoring systems, smart glucose meters, smart insulin pens, and closed-loop systems/smart insulin pumps and smart insulin patches. The digital diabetes management apps are sub-classified into diabetes and blood glucose tracking apps and weight and diet management apps. By end-user, the market is segmented into individuals/home healthcare, academic and research institutes, hospitals and specialty diabetes clinics, and others.

By region, North America dominated the global digital diabetes management market with a revenue share of about 40% in 2018. This can be due to the increasing prevalence of diabetes, growing digital platform penetration, and favorable reimbursement policies by the government. North America is estimated to lead over the forecast time period, owing to the technological advancements and growing adoption of smart devices. Europe is the second largest region in the global digital diabetes management market, owing to the increasing diabetic population, government initiatives to control diabetes and obesity, and rising healthcare expenditure. Asia Pacific is projected to show the highest CAGR over the forecast time period in the global digital diabetes management market, owing to increasing geriatric population, rising diabetes prevalence, and growing awareness, healthcare expenditure, and adoption of digital platforms.

Some key players of the global digital diabetes management market include Medtronic, Dexcom, B. Braun, Abbott Laboratories, Tandem Diabetes Care, Insulet Corporation, Lifescan Inc., Ascensia Diabetes Care, AgaMatrix, Glooko Inc., Tidepool, and Dariohealth, among others.


Related Reports

Patient Monitoring Devices Market by Product (Cardiac monitoring devices, Neuromonitoring devices, Respiratory monitoring devices, Anesthesia monitor, Hemodynamic monitoring devices, Fetal and neonatal monitoring, Multiparameter monitoring devices and Others), by Type (Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, and Others), and End use (Hospitals, Ambulatory surgical centers, Homecare settings, and Others) – Global Industry Perspective Comprehensive Analysis and Forecast, 2020-2026

Aug-2020 | Price : $ 4199.00 | Pages: 135 | Report Code: ZMR-5368 | Report Format:

The report covers forecast and analysis for the Patient Monitoring Devices market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the Patient Mon...Read More

COVID-19 Drug Delivery Devices Market by Product (Prefilled Syringes, Needle-Free Injectors, Inhalers, Patches, and Others), by Route of Administration (Parenteral, Nasal, and Dermal), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Aug-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5367 | Report Format:

The report covers forecast and analysis for the COVID-19 drug delivery devices market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the COVID-1...Read More

Face Shield Market by Material (Cellulose Acetate, Polycarbonate, and Others), and End-User (Oil & Gas, Construction, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Aug-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5366 | Report Format:

The report covers forecast and analysis for the face shield market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the face shield market along w...Read More

Medical Protective Goggles Market by Type (Reusable Protective Goggles and Disposable Protective Goggles), and End-User (Clinics, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Aug-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5365 | Report Format:

The report covers forecast and analysis for the medical protective goggles market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the medical pro...Read More

Request Free Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.