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Digital Diabetes Management Market Is Expand at a CAGR of 17.1% to Reach US$ 71.9 Billion by 2031 - Abbott Laboratories, Medtronic Plc., F.Hoffmann-La Roche Ltd., Dexcom, Inc., Senseonics

12-28-2023 06:01 PM CET | Health & Medicine

Press release from: Global Insight Services

Digital Diabetes Management Market Is Expand at a CAGR of 17.1%

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.

Global Digital Diabetes Management Market report from Global Insight Services is the single authoritative source of intelligence on Digital Diabetes Management Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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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.

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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Global Digital Diabetes Management Market

By Product

Smart Glucose Meter
Continuous Blood Glucose Monitoring System
Smart Insulin Pens
Smart Insulin Pumps
By Type

Wearable Devices
Handheld Devices
By End-user

Home settings
Diagnostic Centers
By Region

North America
The U.S.
Rest of Europe
Asia Pacific
South Korea
Rest of Asia-Pacific

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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.

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• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
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Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
Phone: +1-833-761-1700

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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