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Digital Diabetes Management Market 2019: Worldwide Industry Production, Sales, Share, Future Trends and Forecast 2024
2019 Research Report on Global Digital Diabetes Management Market is a professional and comprehensive report on the Digital Diabetes Management industry.#Download Free PDF Sample Brochure of report Global Digital Diabetes Management Market 2019 across with 219 Pages and in-depth TOC Analysis @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1879016
Key Players: Medtronic (Ireland), B.Braun (Germany), Dexcom (US), Abbott Laboratories (US), Roche Diagnostics (Switzerland), Insulet Corporation (US), Tandem Diabetes Care (US), Ascensia Diabetes Care (Switzerland), LifeScan (US), Tidepool (US), AgaMatrix (US), Glooko Inc. (US), and DarioHealth (Israel).
"The Global Digital Diabetes Management Market is Projected to Grow at a CAGR of 23.8%."
The digital diabetes management market is projected to reach USD 19.9 billion by 2024 from USD 6.8 billion in 2019, at a CAGR of 23.8%. Factors such as the rising prevalence of diabetes, growing adoption of cloud-based enterprise solutions for diabetes management, increasing penetration of digital platforms and adoption of mobile apps for diabetes management, and technological advancements are driving the growth of the digital diabetes management market. However, high device costs and lack of reimbursement in developing countries and the higher acceptance of traditional diabetes management devices are expected to restrain market growth to a certain extent during the forecast period.
"Apps segment to witness the highest growth during the forecast period."
On the basis of product& service, the digital diabetes management market is segmented into devices, apps, data management software & platforms, and services. The apps segment is expected to register the highest CAGR during the forecast period. The high acceptance of mobile apps for remote monitoring is the major factor driving the growth of this market segment.
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"Self/home healthcare end-user segment to register the highest CAGR during the forecast period."
On the basis of end user, the digital diabetes management market is segmented into self/home healthcare, hospitals & specialty diabetes clinics, and academic & research institutes. The self/home healthcare segment is expected to witness the highest CAGR owing to the launch of advanced diabetes management devices for self/home care and the shift of diabetes management from clinical settings to home care, self-administration, and remote monitoring.
"North America is projected to witness the highest growth during the forecast period."
North America is expected to witness the highest CAGR during the forecast period, owing to the high adoption of connected diabetes management devices and apps, growing demand for technologically advanced solutions such as closed-loop systems, high adoption of remote online coaching services for diabetes management, favorable reimbursement policies, increased acceptance of digital diabetes solutions from payers, rising awareness on self-diabetes management, and government initiatives to promote digital health.
Research Coverage:
The report analyzes the market for various digital diabetes management products and their adoption pattern. It aims at estimating the market size and future growth potential of the global digital diabetes management market and different segments such as product & service, device type, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, and recent developments.
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In the end, the Global Digital Diabetes Management Market report's conclusion part notes the estimation of the industry veterans.
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