The global demand for Digital Diabetes Management Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027.
Digital diabetes management is used to assist diabetes patients for effective treatment. It's a system where data related to the diabetes is acquired, integrated, analyzed and presented in a self-explanatory manner to the users. Digital diabetes management consists of wearable and handheld devices along with software and mobile application. Individual/home healthcare, hospitals & specialty diabetes clinics and academic & research institutes among others are some of the end-user of digital diabetes management.
The growing prevalence of diabetes and increasing geriatric population is driving the market growth. Growing adoption of cloud-based solutions for diabetes management coupled with technological advancements is again boosting the market growth. In addition to this, increasing penetration of digital platforms and the adoption of mobile apps for diabetes management are further fuelling market growth. On the other hand, the high cost of devices and lack of reimbursement in developing economies may hamper market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of digital diabetes management.
The broad digital diabetes management market has been sub-grouped into type, products and services and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product and Services
- Wearable Devices
- Handheld Devices
- Digital Diabetes Management Apps
- Data Management Software And Platforms
- Individual/Home Healthcare
- Hospitals & Specialty Diabetes Clinics
- Academic & Research Institutes
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for digital diabetes management in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Digital Diabetes Management Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the digital diabetes management market include Abbott Laboratories, AgaMatrix, Ascensia Diabetes Care, B. Braun, Dariohealth, Dexcom, Glooko Inc., Insulet Corporation, Lifescan Inc., Medtronic, Tandem Diabetes Care and Tidepool. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.