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Key Trends Influencing the Growth of the Digital Diabetes Management Market in 2025: Rising Emphasis On Design-Focused And AI-Powered Connected Apps Reshaping The Digital Diabetes Management Market
Digital Diabetes Management
What Is the Expected CAGR for the Digital Diabetes Management Market Through 2025?
The market size for digital diabetes management has seen significant increases in the past few years. It's forecasted to expand from $15.9 billion in 2024 to $19.27 billion in 2025, with a compound annual growth rate (CAGR) of 21.2%. The upward trend in the previous period is due to factors such as growing diabetes incidents, advancements in technology, customization in healthcare, support from regulations, and the uptake of telehealth and remote patient monitoring.
What's the Projected Size of the Global Digital Diabetes Management Market by 2029?
The size of the digital diabetes management market is projected to undergo significant expansion in the foreseeable future. It is estimated to reach $47.21 billion by 2029, growing at a compound annual growth rate (CAGR) of 25.1%. The surge during this forecast period can be linked to the ongoing diabetes epidemic, advancements in artificial intelligence (AI) and machine learning, data amalgamation, and the rise of remote care models. In the same forecast period, prominent trending aspects will include continuous glucose monitoring (CGM), insulin delivery mechanisms, use of mobile applications and wearable technology in management, and heightened investment in patient engagement and education.
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Top Growth Drivers in the Digital Diabetes Management Industry: What's Accelerating the Market?
The growing incidence of diabetes is anticipated to fuel the need for digital diabetes management devices and associated services, consequently boosting market demand. Diabetes ranks among the top causes of mortality, contributing to a 30% reduction in life expectancy upon diagnosis. As reported by NHS England, a government agency in the UK, in June 2024, there has been an almost 25% increase in the number of individuals under 40 at risk for type 2 diabetes, escalating from 173,166 in 2022 to 216,440 in 2023. Hence, the escalating diabetes prevalence is spurring the demand for digital management of this condition.
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What Trends Will Shape the Digital Diabetes Management Market Through 2029 and Beyond?
A rising trend in the digital diabetes management market is the shift of numerous businesses towards the creation of AI-driven, design-centric connected apps to boost the user experience. Major players in the market like OneDrop, Ascencia, and Dario are concentrating on evolving their offerings from being mere medical devices to fashionable gadgets. An instance of this is the AI-enabled Sugar.IQ smart diabetes management app, jointly released by Medtronic plc and IBM Watson Health, aimed at enhancing and simplifying the day-to-day management of diabetes.
What Are the Main Segments in the Digital Diabetes Management Market?
The digital diabetes management market covered in this report is segmented -
1) By Product And Service: Devices, Application, Data Management Software And Platforms, Services
2) By Device Type: Handheld Devices, Wearable Devices
3) By End User: Self Or Home Healthcare, Hospitals And Specialty Diabetes Clinics, Other End Users
Subsegments:
1) By Devices: Continuous Glucose Monitors (CGMs), Blood Glucose Meters (BGM), Insulin Pumps, Smart Insulin Pens, Diabetes Testing Strips
2) By Application: Diabetes Management Apps, Lifestyle And Diet Management Apps, Glucose Tracking Apps, Insulin Dose Adjustment Apps, Exercise And Activity Tracking Apps
3) By Data Management Software And Platforms: Cloud-Based Diabetes Management Platforms, Data Analytics Platforms, Electronic Health Record (EHR) Integrated Systems, Patient Management Software, Remote Monitoring Software
4) By Services: Telemedicine And Virtual Consultation Services, Remote Monitoring Services, Diabetes Education Services, Diabetes Coaching And Support Services, Clinical Decision Support Services
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Which Top Companies are Driving Growth in the Digital Diabetes Management Market?
Major companies operating 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., ACON Laboratories Inc., Becton, Dickinson and Company, Care Innovations LLC, Health2Sync Inc., Emperra GmbH E-Health Technologies, Azumio Inc., Decide Clinical Software GmbH, pendiq GmbH Moers, Health Arx Technologies Pvt Ltd., Sanofi SA, Johnson & Johnson Co, Novo Nordisk AS, Terumo Corporation, TidePool, AgaMatrix Medical Devices Ltd.
Which Regions Will Dominate the Digital Diabetes Management Market Through 2029?
North America was the largest region in the digital diabetes management market in 2023. Western Europe was the second largest region in the digital diabetes management market report. The regions covered in the digital diabetes management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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