Digital Diabetes Management Market Worth to cross USD 23.3 BN BY 2026
Posted On April 13, 2020
Value Market Research has conducted a research on the Global Digital Diabetes Management Market in which it is expected to grow in the coming years from USD 6.5 BN in 2019 to USD 23.3 BN by 2026 at a CAGR of 20.00% during 2020-2026.Digital diabetes management market across the globe is anticipated to grow at an excellent pace. Robust market growth is significantly credited to increasing technological innovations and progress in the healthcare and medical field. The interconnection between disease management and smartphone apps has visibly increased over the last few years. The prime aspects steering the digital diabetes management market include an increase in the geriatric population, a surge in disease prevalence and increasing healthcare spending of the masses. The surge in disease prevalence can be credited to changing lifestyles, unhealthy dietary habits, and stress. The rapid shift towards digitization is predicted to propel the growth in the future. However, the high cost of digital devices and a dearth of reimbursed health care policies in emerging economies are major challenges for the digital diabetes management market.
Diabetes is a clinical condition in which the ability of a human body to produce and respond to insulin is compromised, which results in elevated glucose levels in urine and blood. International diabetes federation refers to diabetes as a costly chronic condition. The health companies have come up with digital management of the disease that includes connected devices, test strip supplies, mobile or web application-based services, digital tracking of BG levels, and awareness programs.
The "Global Digital Diabetes Management Market Report By Type (Wearable Devices And Handheld Devices), Products And Services (Devices, Digital Diabetes Management Apps, Data Management Software And Platforms And Services) End-User (Individual/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Academic & Research Institutes And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" provides statistical data on the basis of revenue/or volume as well as qualitative data gathered from reliable sources. The report is segmented into chapters analysing all the segments individually and regional bifurcation is also done in detail.
On the basis of type the digital diabetes management market is segmented into wearable devices and handheld devices. By products and services the digital diabetes management market is segmented into devices, digital diabetes management apps, data management software and platforms and services. On the basis of end-user the digital diabetes management market is segmented into individual/home healthcare, hospitals & specialty diabetes clinics, academic & research institutes and others.
Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Digital Diabetes Management Market -
- Wearable Devices
- Handheld Devices
By Product and Services
- Digital Diabetes Management Apps
- Data Management Software And Platforms
- Individual/Home Healthcare
- Hospitals & Specialty Diabetes Clinics
- Academic & Research Institutes
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Abbott Laboratories, AgaMatrix, Ascensia Diabetes Care, B. Braun, Dariohealth, Dexcom, Glooko Inc., Insulet Corporation, Lifescan Inc., Medtronic, Tandem Diabetes Care and Tidepool.
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