Digital Diabetes Management Market: was valued at US$ 14.1 Billion in 2021 and is expected to reach US$ 31.38 Billion by 2029. The global Digital Diabetes Management Market size is expected to grow at a CAGR of 10.52 % through the forecast period.
Digital Diabetes Management Market Overview:
The Digital Diabetes Management Market study may be tailored to incorporate pricing trend analysis of target brands, Market knowledge for additional countries (ask for a list of countries), clinical trial outcomes data, literature research, refurbished Market and product base analysis, and more. Target rival Market analysis can range from technology-based study to Market portfolio strategies. We can add as many rivals as you need data on in the format and data type you like. Our analysts can also supply you with data in raw raw excel files pivot tables or help you create presentations using the data sets included in the report.
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Digital Diabetes Management Market: Digital health companies are responding to the rising prevalence of diabetes with innovative solutions. In the upcoming years, patient adoption of innovative diabetes devices, software, and applications is expected to increase due to the expanding global population of diabetic patients and the increasing demand for new methods of managing the condition. This will drive the growth of the digital diabetes market.
Segmentation:
by Device Type
• Handheld Devices
• Wearable Devices
by End-User
• Self/Home Healthcare
• Specialty Diabetes Clinic
Based on Device Type: 1. Handheld and wearable devices: Handheld and wearable devices make up the two segments of the digital diabetes management device market. The market share of wearable technology in digital diabetes management devices was 58.7% in 2021. These gadgets include CGM systems, smart insulin pumps, and smart insulin patches. The demand for wearable diabetes management devices is being driven by several factors, including increased public awareness of glucose monitoring, an increase in the number of regulatory approvals for continuous glucose monitoring (CGM) systems, and technological advancements such closed-loop pump systems, smart insulin patches, and other pipeline devices. In addition, patients can input data online from their homes using connected devices, and they can quickly check glucose readings at regular intervals.
Based on End User:
1. Self-care at home: A healthy diet, regular exercise, blood pressure monitoring, appropriate medication, monitoring cholesterol, renal care, and weight loss are all associated with better glycemic control, fewer long-term problems, and an enhanced quality of life for diabetics.
2. Specialty diabetes clinics: Sometimes managing your diabetes requires more than just receiving a diagnosis and education about the illness. By making an appointment with a specialist, you’ll be connected to a comprehensive diabetes care team, where a nutritionist, pharmacist, exercise physiologist, nurse practitioner, and educator will all contribute their specialised knowledge to help you customise your care to meet your individual needs.
In the digital diabetes management market, the main End Users are academic & research institutions, hospitals & specialty diabetic clinics, and self-/home healthcare providers.
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Key Players:
The Market competitive landscape Digital Diabetes Management gives information by competitor. Business overview, financials, revenue produced, Market potential, investment in RD, new Market efforts, worldwide presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product width and breadth, application domination are all mentioned. The data points presented above are only linked to the firms’ concentration on the Digital Diabetes Management sector. These are the main players-
• BeatO
• Pendiq GmbH
• Decide Clinical Software
• Azumio
• Care Innovations, LLC
• ACON Laboratories
• Emperra GmbH e-Health
• ARKRAY
• Ypsomed Holding AG
• Dottli
• One Drop
• Dario Health Corporation
• Glooko Inc.
• Abbot Laboratories
• Dexcom Inc.
• Tandem Diabetes Care
• Agamatrix
• Tidepool
• LifeScan Inc.
• Medtronic
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Regional Analysis:
The country portion of the Digital Diabetes Management Market study additionally includes individual Market affecting elements and changes in legislation in the Market that affect present and future Market trends. Consumption volumes, production sites and volumes, import export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis are some of the primary indicators utilised to anticipate the Market situation for particular nations. While providing forecast analysis of the nation data, the existence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes, are also taken into account.
COVID-19 Impact Analysis on Digital Diabetes Management Market:
A detailed study of Covid-19 impacts the Digital Diabetes Management Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Digital Diabetes Management Market segments.
Key Questions answered in the Digital Diabetes Management Market Report are:
- At what growth rate is the Digital Diabetes Management Market evolving?
- Who are the major Market giants operating in the global Digital Diabetes Management Market?
- Which application segment of the Digital Diabetes Management Market is observing the fastest growth?
- What is the primary driving factor of the global Digital Diabetes Management Market?