Press release
Digital Diabetes Management Market Is Expected to Grow at a CAGR of 23.7% By 2023
Digital Diabetes Management Market
Digital Diabetes Management Market Overview
The global digital diabetes management market size is poised to record more than its 2017 value of USD 4.46 billion and is slated to register 23.7 % CAGR during the forecast period (2018–2023). The growth of the industry is projected to be propelled by factors such as the growing incidence of diabetes, increased demand for self-care, technical innovations, increased geriatric population, and government initiative. Advances in technology have also ensured the market's adoption of increasingly scalable technologies. These are the key factors behind the growth of the worldwide market for digital diabetes management. Any of the other significant drivers supporting industry growth are the rising acceptance of cloud-based business applications and the growing usage of mobile devices and apps.
In addition, increasing R&D investment and aggressive strategies implemented by top companies, such as the introduction of new products, are leading to market growth. In addition, demand growth is also led by the growing adoption of smart insulin pumps and pens for insulin delivery and the increasing awareness of continuous glucose monitoring in patients. However, the high cost associated with homecare devices and lack of awareness may hamper the growth of the market during the assessment period.
Request Free Sample Copy of the report “Breast Biopsy Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/7527
Digital Diabetes Management Market Segmental Analysis
On the basis of form, product and services, end user, and location, the global digital diabetes management market has been segmented.
The digital diabetes management market has been defined as wearable devices and mobile devices on the basis of form. The largest market share of the digital diabetes monitoring market is projected to be held by the smart devices segment.
The digital diabetes management market has been segmented into smartphones, data storage tools and platforms, digital diabetes management apps, and utilities, by product and service.
Homecare, hospitals & specialist diabetes centres, medical & research institutes, and others dependent on end users have been segmented into the industry. The end-user home care segment has the largest market share in the global market for digital diabetes treatment during the prognosis period.
Digital Diabetes Management Market Regional Insights
The digital diabetes management market in the Americas, Europe, Asia-Pacific, and the Middle East & Africa have been segmented by region.
Due to the broad acceptance of technologically advanced solutions such as closed-loop control systems, the usage of diabetes management remote online coaching programmes, related diabetes management applications, the Americas are expected to dominate the global digital diabetes management industry. In addition, the growth of the digital diabetes management market is also fuelled by favourable reimbursement policies, awareness raising, government measures to encourage digital wellbeing, and aggressive strategies adopted by players such as product launch, merger & acquisition, and alliances in this area.
The second biggest digital health market for the treatment of diabetes is projected to be the European market. The growth of the market in this area can be due to government funding for R&D and the availability of research funds.
Due to the the number of diabetes patients, increased investments in healthcare and expansion by market players in the region, Asia-Pacific is projected to be the fastest-growing digital diabetes treatment market during the forecast period. In addition, due to the existence of a large patient population, countries such as India and China consider themselves the fastest growing region. In addition, the governments of these countries are open to the implementation by developing countries of emerging technologies and the best care choice.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/digital-diabetes-management-market-7527
Owing to an underdeveloped healthcare system, lack of technological expertise, and inadequate medical services, the Middle East & Africa region is projected to account for the smallest share of the global emerging diabetes management industry.
Digital Diabetes Management Market Competitive Outlook
Some of the major players in the global digital diabetes management market are Agamatrix, Inc., Abbott Laboratories, Ascensia Diabetes Care Holdings Ag., B. Braun Melsungen AG, Dariohealth Corporation, Dexcom, Inc., F. Hoffmann-La Roche, Glooko, Inc., Lifescan, Inc., Medtronic PLC, Insulet Corporation, Tandem Diabetes Care, Inc., Tidepool, and others.
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Diabetes Management Market Is Expected to Grow at a CAGR of 23.7% By 2023 here
News-ID: 2212576 • Views: …
More Releases from Market Research Future
Ophthalmic Topical Therapeutics Market | Global Market Analysis Report - 2035
Ophthalmic Topical Therapeutics: Advancing Eye Care Through Targeted Treatment
Ophthalmic topical therapeutics have become a cornerstone in modern eye care, offering precise, localized treatment for a wide range of ocular conditions. Unlike systemic medications, which circulate throughout the body and may produce unintended side effects, topical therapies deliver active compounds directly to the eye, ensuring higher efficacy and a faster onset of action. This localized approach not only improves treatment outcomes…
Mental Health Apps Market Share, Size, Growth and Forecast to 2035
Mental Health Apps: Transforming the Way We Care for Our Minds
In recent years, mental health has gained increasing recognition as an essential component of overall well-being. Despite growing awareness, many individuals still face barriers to accessing mental health support, including stigma, cost, and geographic limitations. Mental health apps have emerged as a transformative solution, leveraging technology to provide accessible, personalized, and convenient mental health care for millions worldwide.
The Rise of…
Surgical Gloves Market Size, Share, Growth | CAGR of 4.95%
Surgical Gloves: A Critical Component of Modern Healthcare
Surgical gloves have become an indispensable element in modern healthcare, serving as a first line of defense against contamination, infection, and disease transmission. These gloves are not just protective gear-they are a symbol of safety, hygiene, and precision in medical practice. Their significance spans from routine hospital procedures to complex surgical interventions, highlighting their essential role in patient care and medical safety protocols.
The…
Asia Pacific CRO Market Size, Share & Growth Report by 2035
Asia Pacific CRO Market: Driving Innovation and Transformation in the Clinical Research Landscape
The Asia Pacific Contract Research Organization (CRO) market has been witnessing significant growth over the past decade, emerging as a pivotal hub for clinical research and drug development. With a growing population, increasing prevalence of chronic diseases, and rising investments in healthcare infrastructure, the region has become an attractive destination for pharmaceutical and biotechnology companies seeking cost-effective and…
More Releases for Diabetes
Major Force in the Diabetes Pen Market 2025: Diabetes Fuels Surge In Demand For …
How Will the Diabetes Pen Market Grow, and What Is the Projected Market Size?
The diabetes pen market is projected to grow from $29.24 billion in 2024 to $31.22 billion in 2025, at a CAGR of 6.8%. Growth is fueled by the rising need for managing diabetes, advancements in diabetes care, and an increasing focus on patient-friendly medication administration tools.
The diabetes pen market is projected to grow strongly, reaching $40.17 billion…
Diabetes Monitoring Devices Market: Regaining Its Glory| Ascensia Diabetes Care, …
The Latest Study Published by HTF MI Research on the "Diabetes Monitoring Devices Market'' evaluates market size, trend and forecast to 2029. The Diabetes Monitoring Devices market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges…
Prevalence of Diabetes Drives Opportunities for Type-2 Diabetes Market
The Type-2 Diabetes Market Analysis, 2023, by MarkNtel Advisors, presents a well-researched, detail-driven, and accurate study for the stakeholders. This analysis entails prominent aspects like trends, & recent developments, drivers, opportunities, challenges, & restraints, among other parameters, influencing the overall industry expansion across different locations. This report comprises data from historic years (2018-21) & the base year (2022) to put together an estimation of the forecast period (2023-28).
According to Type-2 Diabetes Market…
Reverse Diabetes with Dr. Merritt’s Diabetes Reversal Recipe
[November 26, 2020] – People suffering from diabetes always search for ways to lower blood sugar levels in their bodies. Diabetes treatment available costs you hundreds of dollars yearly and also restricts you to a diabetic diet. That hampers your mental health and well-being. Apart from this, eye problems, kidney failure, amputations are some of the physical problems diabetic patients face.
Dr. Marlene Merritt (from the Merritt Wellness Center in…
Diabetes Treatment
Diabetes Treatment is a important way to help manage the healthy ,easy to use and improve the way of the treatment of blood glucose monitoring system.
As living standards improve, an increasing obesity, the Diabetes Treatment has improved peoples living habits, disease control effect, is becoming more and more important.
The global Diabetes Treatment market is valued at 43700 million US$ in 2018 and will reach 58000 million US$ by the end…
Self-Monitoring Blood Glucose Devices Market Study by Advance Application [Type …
The global self-monitoring blood glucose devices market was valued at $7,768 million in 2017 and is projected to reach $10,828 million by 2025 at a CAGR of 4.2% from 2018 to 2025. Monitoring of blood glucose is an essential step in diabetes management. Blood glucose monitoring devices are predominantly used to monitor a patient’s blood glucose level. Self-monitoring blood glucose (SMBG) devices are easy-to-use and enable people to monitor their…
