Smart Diabetes Management Market Outlook, Growth Analysis 2021-2027
Transparency Market Research has published a new report on the smart diabetes management market. According to the report, the global smart diabetes management market was valued at ~ US$ 3.7 Bn in 2018. The smart diabetes management market is expected to expand at a CAGR of ~ 15% during the forecast period of 2019 to 2027.
Request Brochure –
Smart diabetes management devices include insulin delivery and blood glucose monitoring devices. These devices are integrated with mobile apps with the help of a USB or Bluetooth. Smart diabetes management products help improve self-diabetes management. Smart diabetes management products play an important role in maintaining blood glucose levels that are vital in the treatment of diabetes, and increase patient compliance.
Read Report Overview –
The devices segment held a major share of the smart diabetes management market in 2018. It is likely to maintain its dominance during the forecast period, attributed to a surge in inclination toward self-diabetes management. The demand for smart insulin delivery and glucose level monitoring devices has been rising due to their advanced technological features such as data collection and integration with digital health solutions, and more accurate and cost-effective diabetes management. Furthermore, the introduction of new products and ease of handling of these products are anticipated to drive the devices segment of the smart diabetes management market. The trend of connected healthcare and healthcare IT is likely to drive the adoption of smart diabetes management devices and apps. Features of connectivity with electronic health record (HER) and electronic medical record (EMR) systems, assistance in tele medicines, and remote patient monitoring are key features that are likely to propel the smart diabetes management market in the near future. In terms of application, the type 2 diabetes segment of the smart diabetes management market is estimated to account for a major share, and expand at a rapid pace during the forecast period. Physical inactivity, change in lifestyles, and unhealthy dietary habits are causing diabetes. Expansion of the application segment is attributed to a surge in the geriatric population with a high prevalence of diabetes. For instance, According to the World Health Organization, an estimated 1.6 million deaths were caused due to diabetes in 2014, and around 8.5% of adults had diabetes, worldwide.
Request COVID Analysis on Smart Diabetes Management Market –
Smart Diabetes Management Market: Prominent Regions
North America holds a major share of the global smart diabetes management market. The market in the region is estimated to expand at a moderate CAGR during the forecast period. The smart diabetes management market in North America is primarily driven by the early adoption of technologically-advanced products and inclination toward self-diabetes management among patients in the region. Moreover, the presence of key players with diversified product portfolios and a supportive reimbursement scenario from public and private sectors are major factors that are anticipated to boost the smart diabetes management market in the region. For instance, In March 2018, Sanofi-Aventis U.S. LLC received approval from the U. S. Food and Drug Administration for Toujeo Max SoloStar. This product approval enabled the company to strengthen its product portfolio. In February 2018, Medtronic received U.S. Food and Drug Administration approval for the Guardian Sensor 3. This product approval enabled the company to strengthen its diabetes group product portfolio. Asia Pacific accounts for a significant share of the global smart diabetes management market.
Request Customization on Smart Diabetes Management Market Report –
The market in the region is projected to expand at a rapid pace during the forecast period. Rise in population with high diabetes prevalence is anticipated to drive the smart diabetes management market in the region. Moreover, rising awareness about self-diabetes management is likely propel the smart diabetes management market in the region. Europe is likely to hold a notable share of the smart diabetes management market, and expand at a moderate CAGR during the forecast period. The smart diabetes management market in Europe is primarily driven by an increase in prevalence of diabetes. For instance, according to the International Diabetes Federation, an estimated 35 million people had diabetes in 2011, and the number is projected to reach 43 million by 2030. Moreover, distribution agreements among key players are likely augment the smart diabetes management market. For instance, in April 2018, Tandem Diabetes Care entered into an agreement with Movi SpA for the distribution of the t:Slim X2 insulin pump in Italy. This agreement enabled the company to expand its insulin pump options for patients and healthcare providers.
The global smart diabetes management market is moderately fragmented, with top three to four players accounting for around 40% to 50% of the global market. Key manufacturers engage in new product development, collaborations, key acquisitions, and distribution agreements. For instance, in June 2018, Medtronic plc, a leader in medical technology, launched an updated iPro (TM) 2 myLog app. It is powered by Nutrio. This app enables a patient to understand the link between meals and glucose variability. In November 2018, Insulet Corporation collaborated with Samsung Electronics America, Inc. It is the first medical device that has enabled consumers to control insulin pump therapy with the help of a smartphone, and improve diabetes management. Key developments by market players are likely to propel the smart diabetes management market.
Buy Smart Diabetes Management Market Report –
Smart Diabetes Management Market: Key Players
Prominent players operating in the smart diabetes management market are F. Hoffmann-La Roche Ltd, Medtronic, Dexcom, Inc., Insulet Corporation, Abbott, Jiangsu Delfu medical device Co., Ltd, DIAMESCO CO., Ltd., LifeScan, Inc., Glooko, Inc., and GlucoMe.
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Smart Diabetes Management Market Outlook, Growth Analysis 2021-2027 here
News-ID: 2394807 • Views: 388
More Releases from Transparency Market Research
Lactose Market - Global Industry, Size, Share, Growth, Trends and Forecast 2029
With reference to the latest market forecast report published by Transparency Market Research, on the title 'Lactose Market: Global Industry Analysis and Opportunity Assessment 2019-2029', revenue generated from the global lactose market has been estimated to be valued around US$ 1,750.7 Mn in 2019, which is projected to increase at a CAGR of 4.4% to US$ 2,697.3 Mn in 2029, during the forecast period (2019-2029). 𝙍𝙚𝙦𝙪𝙚𝙨𝙩 𝘽𝙧𝙤𝙘𝙝𝙪𝙧𝙚 𝙤𝙛 𝙍𝙚𝙥𝙤𝙧𝙩 - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17099 Target
Aquaculture Market foreseen to grow exponentially over 2027
Transparency Market Research (TMR) delivers key insights on the global aquaculture market in its upcoming outlook titled, “Aquaculture Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2027”. In terms of value, the global aquaculture market is projected to register a healthy CAGR of 2.3% during the forecast period due to various factors, regarding which TMR offers vital insights in detail. The farming and harvesting of aquatic species in aquaculture
Textured Butter Market foreseen to grow exponentially over 2029
The latest market report published by Transparency Market Research on the global textured butter market includes global industry analysis and opportunity assessment for 2019-2029. Revenue generated from the global textured butter market is estimated to reach ~ US$ 1 Bn in 2019, and is projected to increase at a CAGR of ~ 4%, to reach US$ 1.5 Bn in 2029. For More Information: https://www.transparencymarketresearch.com/textured-butter-market.html Textured Butter Widely Used as a Shortening in
Mezcal Market foreseen to grow exponentially over 2027
The global Mezcal market is set to see stellar growth in the period between 2019 and 2027. It is set to chart an impressive 13% CAGR in this period, creating sizeable growth opportunities for players to dabble with. It will also contribute to bringing the market worth up to USD 738 million by 2027. It is a steep rise from 2019 to 2027. The market is slightly fragmented and prominent players
More Releases for Smart
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Watch: Purchase Drivers
ReportsWorldwide has announced the addition of a new report title Smart Watch: Purchase Drivers to its growing collection of premium market research reports. This ‘360 View Update’ assesses the current state of the smart watch market. It quantifies how consumers purchase, use, and think about both smart watches and traditional watches. Findings help smart watch manufacturers, traditional watch manufacturers, and app developers refine their business strategies at this pivotal time in
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency
By 2050, the world's population is expected to reach nine billion, with over two thirds of people living in cities. On Tuesday, December 9, ICT and sustainability experts will convene at the German Center for Research and Innovation (GCRI) in New York to discuss future solutions for urban systems. NEW YORK (December 3, 2014) – Urbanization, globalization, demographic and climate change are continually placing higher demands on our cities. How will