Press release
Smart Diabetes Management Market to Exceed US$ 13.6 Bn by End of 2027| Transparency Market Research, Inc.
Transparency Market Research's latest report on the ๐ฌ๐ฆ๐๐ซ๐ญ ๐๐ข๐๐๐๐ญ๐๐ฌ ๐ฆ๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ 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 2027.๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ :
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 ๐๐ฏ๐จ๐ซ๐๐๐ฅ๐ ๐๐๐ข๐ฆ๐๐ฎ๐ซ๐ฌ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ซ ๐๐ฆ๐๐ซ๐ญ ๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ: ๐ ๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ
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.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
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.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
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
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
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.
๐๐๐ญ ๐๐ก๐ข๐ฌ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐๐ง๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=69717<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR
๐๐๐ฐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐๐ง๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ
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.
๐๐๐ ๐ข๐จ๐ง๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐:
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)
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:
Market size and growth projections
Regional analysis and market dynamics
Competitive landscape and key market players
Emerging trends and future outlook
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐:
๐๐๐๐๐ฅ๐๐ซ๐จ๐ฆ๐๐ญ๐๐ซ ๐๐ง๐ ๐๐ฒ๐ซ๐จ๐ฌ๐๐จ๐ฉ๐ ๐๐๐ซ๐ค๐๐ญ- 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
๐๐ ๐ข๐ง ๐๐ง๐๐จ๐ฌ๐๐จ๐ฉ๐ฒ ๐๐๐ซ๐ค๐๐ญ- 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
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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.
๐๐จ๐ง๐ญ๐๐๐ญ:
Transparency Market Research Inc.
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