Diabetes management consists of test strip supplies, connected devices, application driven administrations, along with coaching services so that patients can manage their blood sugar level.
Global Digital Diabetes Management Market is expected to rise from its initial estimated value of USD 5.4 billion to an estimated value of USD 30.56 billion by 2026, registering a CAGR of 23.95% in the forecast period of 2019-2026. Increasing prevalence of diabetics is major factor for the growth of this market.
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Market Drivers:
Technological advancement is driving the market.
Growing adoption of cloud-based enterprise solutions for diabetes management is driving the market.
Market Restraints:
High cost of the device is restraining the market.
Preference of traditional diabetes management devices is restraining the market.
Preference of traditional diabetes management devices is restraining the market.
Global Digital Diabetes Management Market Segmentation:
- By Type
- Wearable Devices
- Handheld Devices
- By Product and Services
- Devices
- Smart Glucose Meters
- Continuous Glucose Monitoring Systems
- Smart Insulin Pens
- Smart Insulin Pumps/Closed-Loop Systems and Smart Insulin Patches
- Devices
- Digital Diabetes Management Apps
- Diabetes and Blood Glucose Tracking Apps
- Weight and Diet Management Apps
- Data Management Software and Platforms
- Services
- By End- User
- Self/Home Healthcare
- Hospitals & Specialty Diabetes Clinics
- Academic & Research Institutes
- By Geography
Global Digital Diabetes Management Market Competitive Analysis:
Global digital diabetes management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital diabetes management market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Global Digital Diabetes Management Market Key Competitors:
Few of the major competitors currently working in the digital diabetes management market are Medtronic, F. Hoffmann-La Roche Ltd, Dexcom, Inc., Ascensia Diabetes Care Holdings AG., Abbott., B. Braun Melsungen AG, Glooko, LifeScan, Inc., AgaMatrix Inc., Tandem Diabetes Care, Inc., Insulet Corporation, DarioHealth.
Key Developments in the Market:
- In August 2018, Healthy interactions and Merck announced the launch of the new diabetes management and engagement platform designed to support in- person counselling programs, The map4health platform. It includes a patient-facing app that consists of text and video messaging, goal tracking, and peer support forums. The platform is designed for diabetes patients and also be used as standalone tool or integrated into a diabetes self-management education or support (DSMES) program.
- DarioHealth Corp. announced the launch of their version 4.1 of their Dario® App for the Dario Blood Glucose Monitoring System, part of the DarioHealth digital diabetes data management platform. It is fully- integrated with the DarioEngage patient management and coaching platform which will results in sustainable user behavior changes and associated positive clinical outcomes.
Global Digital Diabetes Management Market Table Of Content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Digital Diabetes Management Market Landscape
Part 04: Global Digital Diabetes Management Market Sizing
Part 05: Global Digital Diabetes Management Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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