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TOP 10 COMPANIES IN DIGITAL DIABETES DEVICES MARKET | Market worth $12.03 billion by 2025 |
Factors such as rising number of diabetic patients, increasing penetration of smartphones, technological advancement in diabetes devices, and growing funding for diabetes are driving the growth of this market. However, high cost of devices and poor reimbursement scenario is expected to hinder the growth of this market to a certain extent.
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The global digital diabetes market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2025-by product (SMBG, CGM, smart insulin pump, smart insulin pens, software, apps), and end user (home care, hospitals, and clinics). The study also evaluates industry competitors and analyses the market at regional and country level.
Rising number of diabetes fuels the growth of the global digital diabetes market
Diabetes is attaining epidemic proportions and digital health companies are fighting back with innovative solutions. Approximately, one in 11 adults across the globe has diabetes attributing to 425 million people, worldwide. As the cases of diabetes are growing so is the digital diabetes market. Over the last few years, the digital diabetes care market has substantially progressed. If these trends continue, by 2045, 693 million people aged between 18-99 years, or 629 million of people aged between 20-79 years, will have diabetes. Globally, diabetes results in $727 billion of healthcare expenditure, which corresponds to one for every eight dollars spent on healthcare.
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Key questions answered in the report-
1. Which are the high growth market segments in terms of product, patient, and region/countries?
2. What was the historical market for digital diabetes across the globe?
3. What are the market forecasts and estimates for the period 2018-2025?
4 What are the major drivers, restraints, opportunities, and challenges in the global digital diabetes market?
5. Who are the major players in the global digital diabetes market?
6. How is the competitive landscape and who are the market leaders in the global digital diabetes market?
7. What are the recent developments in the global digital diabetes market?
8. What are the different strategies adopted by the major players in the global digital diabetes market?
9. What are the geographical trends and high growth regions/ countries?
10. Who are the local emerging players in the global digital diabetes market and how do they compete with the global players?
Buy key industry insights spread across 148 pages with 117 market data tables & 28 figures & charts from the report @ https://www.meticulousresearch.com/buy_now.php?pformat=245&vformat=727
On the basis of product type, diabetes management devices segment accounted for the largest share in digital diabetes market in 2018. This market is expected to grow at a CAGR of 21.5% during the forecast period. The large share of this segment is mainly attributed to growing diabetic population, increasing adoption of smart diabetes devices, and growing awareness about diabetes in emerging countries. Diabetes management apps market is expected to grow at a highest CAGR during the forecast period.
On the basis of end user, the digital diabetes market is sub-segmented into home care, and hospitals and clinics. Home care accounted for the largest share of digital diabetes market in 2018. The large share and high growth of this market is mainly attributed to increased awareness about diabetes and diabetes devices & apps, and growing development and adoption of home care devices.
The major players operating in the global digital diabetes market are Lifescan, Roche, Medtronic, Ascensia Diabetes Care, Tandem Diabetes Care, Dexcomm, SocialDiabetes, One Drop, H2 Inc., Dottli Oy, Abbott Laboratories, Ypsomed holding AG, ARKRAY Inc., and Insulet Corporation among many others.
TOP 10 COMPANIES IN DIGITAL DIABETES DEVICES MARKET @ https://meticulousblog.org/top-10-companies-in-digital-diabetes-devices-market/
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada), Europe (Spain, France, Italy, Germany, U.K., and RoE), Asia-Pacific (China, India, Japan, and RoAPAC), Latin America, and Middle East & Africa. North America accounted for the largest share of digital diabetes market in 2018. Increasing prevalence of the disease, growing adoption of advance diabetes care devices, accessibility to technologies, and presence of well-established distribution channels of the major players are the key factors attributed to the largest share of this market. The Asia-Pacific digital diabetes market is expected to grow at a highest CAGR of 22.7% mainly due to high pool of diabetic patients, increasing healthcare expenditure, and growing focus of key players towards this region.
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