Diabetes Software Market is Expected to Reach US $ 43.33 Bn by the End of 2032-Diabeto Medtech India Pvt. Ltd, Abbott Diabetes Care, LifeScan, Inc (Platinum Equity), Accu-Chek (Roche), Glooko, Tidepool, BIONIME, Ascensia Diabetes Care Holdings AG, Pharmac

The global digital diabetes management market size was valued at USD 11.15 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.23% from 2022 to 2032. Diabetes Software Market is Expected to Reach US $ 43.33 Bn by the End of 2032

The robust growth of the market is majorly attributed to the growing prevalence of diabetes, coupled with technological advancement and innovation. For instance, according to the International Diabetes Federation, approximately 536,600 adults were living with diabetes in 2021 and this number is expected to reach 783,700 in 2045. As digital technology is continuously advancing, the market is expected to witness a wide range of innovations within the diabetes space, which has the potential to change the way we manage the disease. The number of smartphone apps available for the management of the disease has increased over the last few years, and there are over a hundred apps available on web-based app stores that can help patients monitor their blood glucose levels

Key Players Profiled In the Report Includes

The major players covered in the Diabetes Software report are Diabeto Medtech India Pvt. Ltd, Abbott Diabetes Care, LifeScan, Inc (Platinum Equity), Accu-Chek (Roche), Glooko, Tidepool, BIONIME, Ascensia Diabetes Care Holdings AG, Pharmaco Diabetes, Acon Diabetes Care International, MyLife, Trividia Health, Custo med, Nova, GlucoMe, Dexcom, Tandem Diabetes Care, Dottli

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Regional Insights
North America dominated the market in 2021 with a revenue share of over 35.0% due to the availability of advanced technologies and the recent approval of many digital blood glucose patient monitoring devices. For instance, in January 2022, Insulet Corporation announced that it has received clearance from the U.S. FDA for its Omnipod 5 Automated Insulin Delivery System, which integrates with Dexcom G6 Continuous Glucose Monitoring (CGM). It facilitates remote patient monitoring and data transfer through Omnipod 5 mobile app with its integrated SmartBolus Calculator. Furthermore, the increasing geriatric population and the growing burden of diabetes due to lifestyle changes are expected to boost the market growth.

FIntegration of data analytics and artificial intelligence in digital diabetes management devices will offer unprecedented industry growth opportunities
The advent of big data analytics and artificial intelligence is momentously transforming the field of digital diabetes management. The market is projected to foresee exponential growth while enabling better diabetes control with new efficient digital diabetes management technologies. The increasing use and growth in bigdata analytics will offer access to real time structured as well as large unstructured data to healthcare professionals and patients.

Diabetes Software Market

For Smartphones, For Tablet PC, Web-based.

Application as below

For Smartphones Diabetes, For Tablet PC Diabetes

Increasing awareness regarding self-diabetes care will boost the product adoption in home settings
Digital diabetes management market by end-use is categorized into hospitals, home settings, diagnostics centers & clinics, and others. Home settings generated significant revenue in 2021 and is forecast to progress at 21.7% CAGR during the analysis timeframe. The increasing awareness regarding diabetes care, user friendly interface of advanced digital devices, ease of use at home, and convenience in sharing data through digital platforms with professionals will continue to boost the product adoption across the home settings in future. Furthermore, the emergence of COVID-19 has favoured the demand of digital diabetes management products with the use of connected devices and mobile applications at home during the pandemic.

Key Points of Diabetes Software Market:

CAGR of the Diabetes Software market during the forecast period 2020-2026.

Accurate information on factors that will help in the growth of the market during the next six years.

Forecasts on future industry trends and changes in customer behavior.

Outlook of the market size and its contribution to the parent market.

The growth and current status of the market in the COVID-19 Pandemic Situation.

Analysis of the competitive landscape of the market and detailed information on the vendors.

A comprehensive description of the factors that will challenge the growth of market vendors.

The Diabetes Software global report indicates the status of the industry and regional and global basis with the help of graphs, diagrams, and figures to make it easy and better understandable.

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Strategic collaborations and product advancements will offer business development opportunities to the industry players
Some of the notable business players operating in the digital diabetes management industry include Abbott, Medtronic Plc, F.Hoffmann-LA Roche Ltd, Dexcom, Inc, Senseonics, Insulet Corporation, Tandem Diabetes, Ypsomed, Ascensia Diabetes Care Holdings Ag, Tidepool, Glooko, Inc., DarioHealth Corporation, Novo Nordisk, Pendiq, and Emperra GmbH E-Health Technologies among several others. These players are continuously evolving their products and are involved in technological collaborations to gain larger customer base and attain competitive advantage.


Some of the recent industry developments:

In November 2020, Ypsomed and Lilly collaborated to advance automated insulin delivery system. Under the collaboration Lilly commercialized a new version of insulin pump and CGM system that has positively impacted its business growth.

In September 2020, Dexcom Inc., announced the launch of G6 CGM system in Turkey. The product launch has expanded its business reach in international market.

In June 2020, Abbott Laboratories received the U.S. FDA approval for its CGM device, FreeStyle Libre 2. This approval helped the company in expanding their product portfolio, thereby strengthening company's footprint in the market.

The Diabetes Software Report Supports the Facts Below:

Industry Historical Demand Trends and Future Development Study - Diabetes Software Market Investors will make their business decisions based on historical and projected performance of the market Diabetes Software in terms of growth trends, revenue contribution, and Diabetes Software market growth rate. The report offers Diabetes Software industry analysis from 2016 to 2019, according to categories such as product type, applications/end-users and regions.

Market Drivers, Limits and Opportunities - The market is deeply evaluated by a current market situation such as market growth factors and constraints. In addition, here we can discuss the latest industry news and its impact on the Diabetes Software business.

Industry Chain Analysis - The study of industry chain structure incorporates details related to supplier's and buyer's information. Furthermore, the report classifies the top manufacturers of Diabetes Software business based on their production base, cost structure, Diabetes Software production process, spending on raw materials and labor outlay.

Future Project Expediency - The Diabetes Software market report includes a detailed explanation about the past and present trends of the market has been following along with its future analysis that may concern with the Diabetes Software market growth.

Note - To provide a more accurate market forecast, all our reports will be updated prior to delivery considering the impact of COVID-19.

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