Digital Diabetes Management Market worth $31.3 billion | MarketsandMarkets

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144725893 Download an Illustrative overview:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144725893 Browse in-depth TOC on "Digital Diabetes Management Market" 70 - Tables 50 - Figures 150 - Pages Digital Diabetes Management Market Scope:   "Continuous Glucose Monitoring (CGM) systems segment to grow at the highest CAGR during the forecast period." ...

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Browse in-depth TOC on "Digital Diabetes Management Market"

70 - Tables
50 - Figures
150 - Pages

Digital Diabetes Management Market Scope:

 

"Continuous Glucose Monitoring (CGM) systems segment to grow at the highest CAGR during the forecast period."

Sub-segments of the products & devices taken into consideration in the digital diabetes management market include devices, digital diabetes management apps, data management software & platforms, and services. The devices segment includes CGM systems, smart insulin pens, smart insulin pumps/closed-loop systems, smart insulin patches, and smart glucose meters. The market for continuous glucose monitoring systems is anticipated to continue to grow at the highest CAGR during the forecast period. This is primarily because these CGM systems are less invasive than conventional blood glucose meters testing.

"Wearable devices segment held the largest share in the Digital Diabetes Management market in 2022."

Based on the device type, the digital diabetes management device market is segmented into handheld and wearable devices. Wearables accounted for the largest market share of all device types in 2022. Some of these devices include CGM systems, smart insulin pumps, and smart insulin patches. Increasing awareness of glucose monitoring, technological advancements like closed-loop pump systems, smart insulin patches, and various upcoming devices are the main factors driving the demand for wearable devices for digital diabetes management. Apart from that, connected devices allow patient for data uploading from home, immediate access to periodic glucose level readings, and dose management and planning.

"The Self/home healthcare segment to grow at the fastest CAGR during the forecast period"

The majority of end users in the digital diabetes management market are academic & research institutions, hospitals & specialty diabetes clinics, and self/home healthcare. The self/home healthcare segment is anticipated to grow at the highest CAGR during the forecast period. Precision, accuracy, minimal invasiveness, and user friendliness have all improved in digital diabetes management systems and platforms for self/home care.

"North America accounted for the largest share of the Digital Diabetes Management market, followed by Europe in 2022"

North America, followed by Europe, held the largest market share in 2022. The market for digital diabetes management in North America was further dominated by the US. This is driven on by a number of factors, such as the rising prevalence of diabetes, technological advancements in digital diabetes management solutions, an increase in the number of smartphone users, and an increasing emphasis on raising the quality of patient care.

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Digital Diabetes Management Market Dynamics:

Drivers:

Restraints:

Opportunities:

Challenges:

Key Market Players:

The prominent players operating in the global digital diabetes management market are Medtronic (Ireland), B. Braun Melsungen AG (Germany), Dexcom, Inc. (US), Abbott Laboratories (US), F. Hoffmann-La Roche (Switzerland), Insulet Corporation (US), Tandem Diabetes Care (US), Dottli (Finland), Ypsomed Holding AG (Switzerland), ARKRAY (Japan), Ascensia Diabetes Care Holdings AG (Switzerland), Health2Sync (Taiwan), Emperra GmbH E-Health Technologies (Germany), ACON Laboratories, Inc. (US), Care Innovations, LLC (US), Azumio (US), LifeScan, Inc. (US), Tidepool (US), AgaMatrix (US), Glooko, Inc. (US), DarioHealth Corporation (Israel), One Drop (US), Decide Clinical Software GmbH (Austria), Pendiq GmbH (Germany), and BeatO (India).

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Recent Developments:

Digital Diabetes Management Market Advantages:

Overall, the advantages of the digital diabetes management market include improved monitoring, enhanced self-management, personalized recommendations, remote access to healthcare professionals, data-driven insights, behavioral support, and cost-effectiveness. These benefits contribute to better diabetes control, improved quality of life, and more efficient healthcare delivery.

Report Highlights:

Refinements in the segments of the Digital Diabetes Management market

The current edition of the report consists of an updated market overview. Additional points in the market overview have been added, keeping in mind the impact of COVID-19 on the overall digital diabetes management market. The new additions in this chapter include supply chain analysis, ecosystem analysis, regulatory analysis, value chain analysis, patent analysis, Porter's five forces analysis, Company evaluation quadrants for start-ups/ SMEs and product portfolio analysis.

Coverage of new market players in the Digital Diabetes Management market

The new edition of the report includes profiles for One Drop (US), Dottli (Finland), Ypsomed Holding AG (Switzerland), ARKRAY (Japan), ACON Laboratories, Inc. (US), Care Innovations, LLC (US), Health2Sync (Taiwan), Emperra GmbH E-Health Technologies (Germany), Azumio (US), Decide Clinical Software GmbH (Austria), Pendiq GmbH (Germany), and BeatO (India).

Updated financial information/product portfolio of players

The new edition of the report provides updated financial information until 2021 for each listed company in a graphical representation as a single diagram (instead of multiple tables). This will easily help analyze the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating country/region, business segment focus in terms of the highest revenue-generating segment, and R&D investments.

Updated market developments of profiled players

Recent developments are important to understand market trends and the growth strategies adopted by players. The current edition of this report provides updated developments of profiled players from January 2019 and March 2022, indicating a continuation from the previous version. Product/services launches, approvals, and upgrades, expansions, acquisitions, agreements, partnerships, and collaborations were the principal growth strategies adopted by market players in this period. 

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