2023 Digital Diabetes Management Global Market Analysis And Forecast 2032 | Technologies, Demand, Growth, Research And Players Bayer AG, Medtronic, Roche Diagnostics, Dexcom, Inc., Abbott Laboratories
As per the Digital Diabetes Management market report by The Business Research Company, the increasing prevalence of diabetes is projected to propel the demand for digital diabetes management devices and related services, thereby increasing the demand for the market. Diabetes is a leading cause of death, with 30% of loss of life expectancy coming from the diagnosis of diabetes. In 2021, according to the International Diabetes Federation, a total of 537 million individuals (20-79 years old) worldwide had diabetes and according to projections, there will be 643 million diabetics worldwide by 2030 and 783 million by 2045.
The global digital diabetes management market size will grow from $10.82 billion in 2022 to $13.25 billion in 2023 at a compound annual growth rate (CAGR) of 22.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global digital diabetes management market size is expected to grow to $30.11 billion in 2027 at a CAGR of 22.8%.
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Major competitors in the Digital Diabetes Management market include Bayer AG, Medtronic, Roche Diagnostics, Dexcom, Inc., Abbott Laboratories, Ascensia Diabetes Care, Insulet Corporation, B. Braun Melsungen AG, Tandem Diabetes Care and LifeScan Inc.
The Digital Diabetes Management market is segmented -
• By Product & Service: Devices, Application, Data Management Software & Platforms, Services
• By Device Type: Handheld Devices, Wearable Devices
• By End User: Self/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Digital Diabetes Management market.
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Digital diabetes management refers to using electronic medical solutions to monitor, analyze, and manage diabetics remotely. People with diabetes or those who are at risk for developing it can improve their health outcomes by successfully managing their condition on their own with the help of digital diabetes management.
The Table Of Content For The Digital Diabetes Management Market Include:
1. Executive Summary
2. Digital Diabetes Management Market Characteristics
3. Digital Diabetes Management Market Trends And Strategies
4. Digital Diabetes Management Market - Macro Economic Scenario
5. Digital Diabetes Management Market Size And Growth
28. Key Mergers And Acquisitions In The Digital Diabetes Management Market
29. Digital Diabetes Management Market Future Outlook and Potential Analysis
The "Global Digital Diabetes Management Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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