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Smart Diabetes Management Market to Exceed US$ 13.6 Bn by End of 2027| Transparency Market Research, Inc.

03-13-2024 10:05 AM CET | Health & Medicine

Press release from: Transparency Market Research

Smart Diabetes Management

Smart Diabetes Management

Transparency Market Research's latest report on the ๐ฌ๐ฆ๐š๐ซ๐ญ ๐๐ข๐š๐›๐ž๐ญ๐ž๐ฌ ๐ฆ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐ฆ๐š๐ซ๐ค๐ž๐ญ highlights favorable reimbursements for digital diabetes management products and an increase in the adoption of technologically advanced solutions as key drivers for market growth. The global smart diabetes management market was valued at approximately US$ 3.7 billion in 2018 and is expected to achieve a compound annual growth rate (CAGR) of around 15% to reach a value of US$ 13.6 Bn during the forecast period from 2019 to 2027.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=69717&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

TMR analysts are optimistic about the future growth of the smart diabetes management market, expecting significant expansion during the forecast period. Technology-driven innovation will provide a competitive edge, with players focusing on enhancing their technological capabilities. While device costs remain a challenge, they also present an opportunity for new entrants. Digitalization of the diabetes management industry offers numerous opportunities, particularly for companies developing user-friendly and device-agnostic apps. Government support and the development of multifunctional diabetes care devices will further drive market growth.

๐…๐š๐ฏ๐จ๐ซ๐š๐›๐ฅ๐ž ๐‘๐ž๐ข๐ฆ๐›๐ฎ๐ซ๐ฌ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐’๐ฆ๐š๐ซ๐ญ ๐ƒ๐ข๐š๐›๐ž๐ญ๐ž๐ฌ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ: ๐€ ๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ

Smart diabetes management devices encompass insulin delivery devices, blood glucose monitoring devices, and accompanying apps and software for data integration.

Reimbursements for digital diabetes management products are provided by U.S. Medicare, Medicaid, and other regional payer agencies for both type 1 and type 2 diabetes treatment.

Abbott gained approval for its FreeStyle Libre system by the NHS in September 2017, allowing reimbursement coverage across Wales and England.

DarioHealth Corp partnered with Byram Healthcare in July 2017, expanding insurance coverage for digital diabetes management products for U.S. consumers.

Additionally, private insurance policies offer reimbursements for smart diabetes management products.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

F. Hoffmann-La Roche Ltd,Medtronic,Dexcom, Inc.,Insulet Corporation,Abbott,Jiangsu Delfu medical device Co., Ltd,DIAMESCO CO., Ltd.,LifeScan, Inc.,Glooko, Inc.,GlucoMe.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

Product

Devices

Smart Glucose Meters
Continuous Glucose Monitoring Systems
Smart Insulin Pens
Smart Insulin Pumps
Closed Loop Systems
Apps and Software

Application

Type 1 Diabetes
Type 2 Diabetes

End User

Self/Home Healthcare
Hospital/Specialty/Diabetes Clinics

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

In February 2019, Dexcom, Inc. received approval from Health Canada for the Dexcom G6 CGM system for the treatment of diabetes in patients of ages 2 years and above. This product approval enabled the company to build capacity in order to support global launch plans and enhance its product portfolio for diabetes management.

In March 2019, DarioHealth entered into marketing agreement with Glytec for diabetes management. This agreement enabled the company to strengthen its customer reach.

In December 2017, Companion Medical launched the InPen in the U.S. This product launch enabled the company to strengthen its diabetes management portfolio in the U.S.

๐†๐ž๐ญ ๐“๐ก๐ข๐ฌ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ˆ๐ง๐ฌ๐ญ๐š๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=69717<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

๐๐ž๐ฐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ ๐š๐ง๐ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ

Key market players are focusing on developing technologically advanced products for smart diabetes management.

The increasing demand for smart diabetes management products, driven by the adoption of technological advancements, is expected to fuel market growth.
F. Hoffmann-La Roche Ltd. offers the insulin patch pump, a semi-disposable patch with reusable components, as a technological advancement in insulin delivery.

Beta Bionics' iLet is an automated insulin delivery system combining Senseonic's Eversense CGM and iLet bionic pancreas technology.
inGageIT Digital Health offers iSenz, designed for insulin-dependent diabetes patients, featuring automatic dose tracking and noninvasive injection monitoring.

Senseonics, Inc. provides the Eversense CGM System, featuring an implantable sensor, a convenient app, and a rechargeable and removable transmitter for up to 3 months of diabetes monitoring and management.

๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

Market size and growth projections
Regional analysis and market dynamics
Competitive landscape and key market players
Emerging trends and future outlook

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐€๐œ๐œ๐ž๐ฅ๐ž๐ซ๐จ๐ฆ๐ž๐ญ๐ž๐ซ ๐š๐ง๐ ๐†๐ฒ๐ซ๐จ๐ฌ๐œ๐จ๐ฉ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/03/07/2621960/0/en/Accelerometer-and-Gyroscope-Market-Expansion-Predicted-to-Reach-7-6-Billion-by-2031-as-per-TMR-Report.html

๐€๐ˆ ๐ข๐ง ๐„๐ง๐๐จ๐ฌ๐œ๐จ๐ฉ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/03/07/2621889/0/en/AI-in-Endoscopy-Market-Value-to-Surpass-US-421-8-Mn-by-2031-TMR-Study.html

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a globalย market research companyย registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Transparency Market Research Inc.
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