Digital Diabetes Management Market Will Grow at a CAGR of 23.8% - Medtronic (Ireland), B.Braun (Germany), Dexcom (US), Abbott Laboratories (US), Roche Diagnostics (Switzerland), Insulet Corporation (US)

The Digital Diabetes Management Market research report provides region-wise and country-wise analysis of the Digital Diabetes Management Market. In addition, it provides an analysis of the developing 20 countries across the globe. The region-wise study of the market includes regions such as North America, Asia Pacific, Latin America, Middle East, Africa, and Europe. It helps stakeholders understand market players and analyze the top 25 organizations based on their product footprint, market strength, and market rank. It will help stakeholders understand the market positioning of these key players.

The Digital Diabetes Management Market research report segment the market comprehensively and provides the closest approximation of the market size for all subsegments across various regions. The Digital Diabetes Management Market research report offers data on key drivers, challenges, drivers, and opportunities for market growth. It also provides data about the competitive landscape section that includes product launches, expansions, collaboration, competitor ecosystem, and deals of the key players.

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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%.

Prominent players in the global digital diabetes management market are

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).

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.

“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.

A breakdown of the primary participants referred to for this report is provided below:

By Company Type: Tier 1–46%, Tier 2–33%, and Tier 3–21%
By Designation: C-level–43%, Director Level–35%, and Others–22%
By Region: North America–34%, Europe–26%, Asia Pacific–19%, Latin America–11%,and the Middle East & Africa–10%

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.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their market presence.

This report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global digital diabetes management market

Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the global digital diabetes management market

Market Development: Comprehensive information on the lucrative emerging regions by product& service, device type, end-user, and region

Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global digital diabetes management market

Competitive Assessment: In-depth assessment of market shares, growth strategies, revenue analysis, and products of leading players in the global digital diabetes management market

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