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Navigating Trends in the Digital Diabetes Management Market - Bayer AG, Medtronic PLC, Roche Diagnostics Ltd., Dexcom Inc
Digital Diabetes Management Market
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company's Digital Diabetes Management Global Market Report 2023 identifies 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 digital diabetes management market size has grown exponentially in recent years. It will grow from $13.27 billion in 2023 to $16.23 billion in 2024 at a compound annual growth rate (CAGR) of 22.3%. The growth in the historic period can be attributed to rising diabetes prevalence, technological advancements, personalized healthcare, regulatory support, telehealth and remote monitoring. The digital diabetes management market size is expected to see exponential growth in the next few years. It will grow to $37.4 billion in 2028 at a compound annual growth rate (CAGR) of 23.2%.
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Major competitors in the digital diabetes management market include Bayer AG, Medtronic PLC, Roche Diagnostics Ltd., Dexcom Inc., Abbott Laboratories, Ascensia Diabetes Care Holdings AG, Insulet Corporation, B. Braun Melsungen AG, Tandem Diabetes Care Inc., LifeScan Inc., AgaMatrix Inc., Glooko Inc., DarioHealth Corp, One Drop, Dottli Oy, Ypsomed Holding AG, ARKRAY Inc.
A key trend in the digital diabetes management market includes developing design-focused and AI-powered connected apps to enhance the user experience, which is gaining significant popularity in the digital diabetes management market. Key companies operating in the digital diabetes management market including OneDrop, Ascencia, and Dario are increasing their focus on developing their products as stylish gadgets rather than medical devices. For instance, Medtronic plc and IBM Watson Health announced the launch of AI-powered Sugar.IQ smart diabetes management app, designed to improve and simplify daily diabetes management.
Read More On The Global Digital Diabetes Management Market Report Here: https://www.thebusinessresearchcompany.com/report/digital-diabetes-management-global-market-report
The digital diabetes management market covered in this report is segmented -
1) By Product & Service: Devices, Application, Data Management Software & Platforms, Services
2) By Device Type: Handheld Devices, Wearable Devices
3) By End User: Self/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Other End Users
4) 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
The Business Research Company's "Global Digital Diabetes Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Digital Diabetes Management Market Include:
1. Executive Summary
2. Digital Diabetes Management Market Characteristic
3. Digital Diabetes Management Market Trends And Strategies
4. Digital Diabetes Management Market - Macro Economic Scenario
5. Digital Diabetes Management Market Size And Growth
……………
27. Digital Diabetes Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Diabetes Management Market
29. Digital Diabetes Management Market Future Outlook And Potential Analysis
30. Appendix
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