Global Digital Diabetes Management Market Outlook, Opportunities And Strategies
Learn about the global digital diabetes management market through The Business Research Company, which provides information on digital diabetes management market size, digital diabetes management market drivers and restraints, digital diabetes management market players, the COVID-19 impact on the digital diabetes management market, and more.
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The global digital diabetes management market is expected to grow from $6.17 billion in 2020 to $7.37 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The digital diabetes management market is expected to reach $17.09 billion in 2025 at a CAGR of 23%.
The increasing prevalence of diabetes is expected to drive innovation in digital diabetes management, thus driving the market during the forecast period.
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The digital diabetes management market consists of sales of digital diabetes management devices and related services. Digital diabetes management includes devices, apps, and software that manage blood glucose levels in the human body. These devices play a vital role in the care of diabetes patients with the management of patient’s blood glucose levels and controlling their conditions.
Global digital diabetes management market segments include:
By Product & Service: Devices, Application, Data Management Software & Platforms, Services
By Device Type: Handheld Devices, Wearable Devices
By End User: Self/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Several companies are increasing attention on developing design-focused and AI-powered connected apps to enhance the user experience, which is gaining significant popularity in the digital diabetes management market. Key companies operating in the digital diabetes management market including OneDrop, Ascencia, and Dario are increasing their focus on developing their products as stylish gadgets rather than medical devices.
TBRC’s digital diabetes management market report covers:
Major Market Players: Bayer AG, Medtronic, Roche Diagnostics, Dexcom, Inc., Abbott Laboratories, Ascensia Diabetes Care, Insulet Corporation, B. Braun Melsungen AG, Tandem Diabetes Care, and LifeScan Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Digital Diabetes Management Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides digital diabetes management market overviews, analyzes and forecasts market size, share, digital diabetes management market players, digital diabetes management market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s digital diabetes management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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