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Digital Diabetes Management Market is anticipated to grow further up to USD 14.8 Billion by 2032 | Abbott Laboratories, Medtronic Plc., F.Hoffmann-La Roche Ltd., Dexcom, Inc

12-13-2023 02:19 PM CET | Health & Medicine

Press release from: Global Insight Services

Digital Diabetes Management Market

Digital Diabetes Management Market

The global digital diabetes management market was valued at USD 14.8 Billion in 2021 and it is anticipated to grow up to USD 71.9 Billion by 2031, at a CAGR of 17.1% during the forecast period.

Digital diabetes management (DDM) is the use of digital technologies to help people with diabetes manage their disease. This can include apps, websites, wearable devices, and other tools that help people track their blood sugar levels, monitor their diet and activity, and receive guidance and support from healthcare providers. Digital diabetes management can help people with diabetes better manage their disease and improve their health. For example, tracking blood sugar levels can help people identify patterns and make necessary adjustments to their diet or medication. Monitoring activity can help people ensure they are getting enough exercise. And receiving guidance and support from healthcare providers can help people stay on track with their treatment plans.

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Market Trends and Drivers

The growing number of diabetic patients around the world will benefit from the use of digital diabetes management products and services. According to the International Diabetes Federation (IDF), almost 463 million people worldwide had diabetes in 2019. The need for continuous blood glucose monitoring among thes Along with rising disease burden, rising diagnostic and treatment cost will have a favourable impact on market statistics. The growing knowledge of diabetes management and home care will add to the high cost of diagnosis, encouraging total market growth. Diabetes patients rely heavily on continuous monitoring tools and must seek treatment in the event of fluctuations in order to avoid serious complications. Thus, technology advancements in disease management enable diabetes management through the use of digital devices, allowing for the tracking, monitoring, and sharing of lifestyle data with concerned healthcare professionals. As a result, rising adoption of novel technologies for chronic disease management will drive the digital diabetes management market growth.

Market Restraints and Challenges

There are a few key restraints and challenges in the Digital Diabetes Management market. Firstly, the lack of awareness about digital diabetes management solutions and their benefits among patients and healthcare professionals is a major challenge. Secondly, the high cost of these solutions is another key restraint. Lastly, the lack of standardization in digital diabetes management is also a key challenge.

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Major Players in the Global Digital Diabetes Management Market

The key players in the digital diabetes management market Abbott Laboratories, Medtronic Plc., F.Hoffmann-La Roche Ltd., Dexcom, Inc., Senseonics, Insulet Corporation, Tandem Diabetes Care, Inc., Ypsomed, Ascensia Diabetes Care Holdings Ag, and Tidepool, among others.

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Reasons to buy Digital Diabetes Management Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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