Smart Diabetes Management Market to Experience Substantial Growth of USD 19.80 billion at CAGR of 15% by 2030, Size, Share, Trends, Demand, Growth Forecast and Challenges

An all inclusive Smart Diabetes Management Market report evaluates the rising trends along with major drivers, challenges and opportunities in the market. This market research report brings into focus strategic analysis of mergers, expansions, acquisitions, partnerships, and investment. This market research report comprises of fundamental, secondary and advanced information related to the global status and trend, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2022 - 2029. Smart Diabetes Management Market research report acts as a useful source for both customary and emerging market player in the industry and provides in detail market insights.

Data Bridge Market Research analyses that the smart diabetes management market which is USD 6.47 billion in 2022, is expected to reach USD 19.80 billion by 2030, at a CAGR of 15% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Diabetes is a chronic disease that requires careful management of medication, diet, and exercise. With the help of smartphone technology, information and communication technology now provides various facilities to patients and medical specialists to manage various diseases in an efficient manner.

Some of the major players operating in the smart diabetes management market are:

Abbott (U.S.)
PHC Holdings Corporation (Japan)
WellDoc, Inc (India)
Sanofi (France)
Dexcom, Inc (U.S.)
DarioHealth Corp. (U.S.)
Medtronic (Ireland)
B. Braun SE (Germany)
F. Hoffmann-La Roche Ltd (Switzerland)
Insulet Corporation (U.S.)
Ascensia Diabetes Care Holdings AG (Switzerland)
Tidepool (U.S.)
Tandem Diabetes Care (U.S.)
LifeScan (U.S.)
AgaMatrix (U.S.)
Glooko Inc. (U.S.)
DarioHealth (Israel)

Smart Diabetes Management Market Dynamics

Drivers

Rising people awareness and literacy

People's awareness and literacy about the use of technology, smartphones, wearable devices, and applications is also increasing due to their ease of use and convenience. Products such as Continuous Glucose Monitoring Systems (CGM) provide continuous monitoring of glucose levels, which is stored and transmitted to a doctor or healthcare professional, allowing for a better analysis of the health condition and providing alerts in case the glucose levels drop too low or rise too high, allowing for an immediate action that could save a life. Smart Insulin Pumps inject insulin into the body in response to glucose level data provided by CGM; such benefits can be lifesaving and significantly help in reducing the side effects of diabetes. These elements propel market expansion.

Increase in product approval rates

With the subsequent increase in product approval rates, companies are focusing their efforts on launching new diabetes management products, whether devices or apps. The deployment of this strategy is also due to a rise in consumer preference for innovative and simple-to-use products. Accu-Chek Guide, a blood glucose monitoring system, was introduced in August 2016 by F. Hoffmann-La Roche Ltd. Furthermore, in June 2017, Medtronic introduced the MiniMed 670G system for the treatment of type 1 diabetes. These launches were followed by a slew of new products that not only simplified diabetes management for patients and clinicians, but also improved results accuracy.

Global Smart Diabetes Management Market Scope

The smart diabetes management market is segmented on the basis of devices, devices type, application, diabetes type and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Devices

Smart Glucose Meters
Continuous Glucose Monitoring Systems
Smart Insulin Pens
Smart Insulin Pumps
Closed Loop Systems

Devices Type

Handheld Devices
Wearable Devices

 Application

Diabetes and Blood Glucose Tracking Apps
Obesity and Diet Management Apps

 Diabetes Type

Type 1 Diabetes
Type 2 Diabetes

End Use

Home Healthcare
Hospitals
Specialty Diabetes Clinics

Fundamental Aim of Smart Diabetes Management Market Report

In the Smart Diabetes Management Market, every company has goals, but this report focuses in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.

Factors influencing the Smart Diabetes Management Market Size and growth rate.
Major alterations to the Smart Diabetes Management Market in the near future.
Notable Market rivals around the world.
The Smart Diabetes Management Market's Future Scope and Product Outlook
Future-promising emerging markets.
The Market Presents Difficult Challenges and Threats.
Sales data and profiles of the world's leading Smart Diabetes Management Market players

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