The latest report, titled ‘Global Digital Diabetes Management Market,’ comprises a profound analysis of the fundamental parameters contributing to the global Digital Diabetes Management market scenario. The research report provides the reader with an in-depth interpretation of the Digital Diabetes Management market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Digital Diabetes Management industry. The market intelligence report is a prototype of the 360° overview of the global Digital Diabetes Management industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
The global digital diabetes management market size reached USD 13.6 Billion in 2021 and is expected to register a revenue CAGR of 12.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing prevalence of diabetes and obesity across the globe, rising demand for medical devices, management apps such glucose tracking apps and wearables as well as advent of technologically innovative cloud-based digital tools and solutions are some of the key factors driving revenue growth of the digital diabetes management market.
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Some Key Highlights From the Report:
- The home care settings segment accounted for largest revenue share in 2021. There are numerous emerging technologies that can be used to improve, support, and inform decisions about how to manage residents diabetes care; this can help with issues such as access to specialized support or clear standards of care for diabetes management in nursing homes. The use of technology such as mHealth apps, wearables, and continuous blood glucose tracking apps makes it possible to begin early intervention, facilitates effective responsive care, and most importantly, connects the community of care homes to multidisciplinary clinical teams for support and communication. Such diabetes technologies have been shown to enhance health outcomes. As a result, these digital management options present chances to enhance patient empowerment and self-care. These are major factors driving revenue growth of the segment.
- The application (Apps) segment is expected to grow at a steady CAGR during the forecast period. Diabetes self-management tasks, such as blood glucose monitoring, medication or insulin administration, accessing diabetes or general health information, and tracking nutritional intake or physical activity are the main uses for diabetes applications. Potential app functions include monitoring blood sugar levels or insulin use, calculating insulin dosages, keeping track of nutrition, body weight, and physical activities, as well as disseminating knowledge or information. Various top market companies are introducing continuous blood glucose tracking and management applications and services, which is driving revenue growth of the market. It is expected that daily blood sugar checks and follow-ups for diabetes patients will enhance the use of fitness applications.
- Europe accounted for significant revenue share in 2021 Some of the major factors driving the growth of the digital diabetes management market in the region include rapid technological advancement of mechanical commercial digital diabetes management, increased funding and favorable regulations offered by the government for the production of wearable technology, attractive medical reimbursement policies introduced by the government as well as presence of a well-established healthcare infrastructure. These factors dramatically improved revenue growth of the market in the region.
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Digital Diabetes Management market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Medtronic plc, Abbott Laboratories, Novo Nordisk A/S, DexCom, Inc, Bayer AG, Eli Lilly and Company, LifeScan IP Holdings, LLC., F Hoffman-La Roche Ltd., Tandem Diabetes Care, Inc., Insulet Corporation
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Market Overview:
The report bifurcates the Digital Diabetes Management market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019-2030)
- Devices
- Smart Glucose Control Meter
- Continuous Blood Glucose Monitoring System
- Insulin Pens/Pumps
- Others
- Applications
- Blood Glucose Tracking Apps
- Weight Diet Management Apps
- Others
- Software Services
- Devices
Device Type Outlook (Revenue, USD Billion; 2019-2030)
- Wearables
- Handheld Devices
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals Clinics
- Home Care Settings
- Diagnostic Centers
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Research Report on the Digital Diabetes Management Market Addresses the Following Key Questions:
- Who are the dominant players of the Digital Diabetes Management market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Digital Diabetes Management market?
- What are the key growth drivers and restraining factors of the Digital Diabetes Management market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Digital Diabetes Management market and its key segments?
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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