Press release
Diabetes Management Platform Market Growth and Forecast 2017-2025
Diabetes management platform market is mainly driven by increasing prevalence of diabetes among varied patient age groups across the globe. Challenges like limited knowledge and management regarding diabetes among key stakeholders leads to severe patient suffering and increases the treatment cost which prompts the patients and care givers to use diabetes management platforms that makes diabetes management platform market lucrative over the forecast period. In addition, increasing internet penetration in developing and emerging economies, rising adult diabetic population who positively respond to technological advances is expected to boost the revenue growth of diabetes management platform market over the forecast period. However, lack of critical technology, infrastructure and internet access in resource constrained economies expected to impact the diabetes management platform market revenue growth negatively over the forecast period.
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Diabetes management platform market is highly competitive with several startup players are in the market place. Players in the market offering several integrated services which connect stakeholders with varied service offerings. Players in the market coming with innovative tools which makes data accessible through smart phone and feature phone. Moreover, players are adopting different geographic entry strategies by offering localized content which enables the effectively use of diabetes management platform for managing diabetes. Players are partnering with consumer electronic providers like Samsung to offer direct to consumer version of the diabetes management app.
Geographically, diabetes management platform market is segmented into regions viz. North America, Latin America, Europe, Asia Pacific and Japan, Middle East and Africa. North America and Europe regions are expected to maintain its lions share over the forecast period owing to presence of key players in the regions, increased product approvals form FDA, and advanced healthcare infrastructure which are expected to propel the demand for diabetes management platform during the forecast period in the above mentioned region. Asia Pacific region is expected to witness significant growth owing higher prevalence of diabetes in the region coupled with favourable patient demographics.
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The players in diabetes management platform market include GLUKOA, TypeZero Technologies, Inc., BioTelemetry, Inc., CELLNOVO, STARsystem by Sanofi, WellDoc, Inc., Tactio Health Group, and Livongo Health to name a few.
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