Global Artificial Intelligence In Diabetes Management Market Overview:
Artificial Intelligence in Diabetes Software refers to algorithms and software used in the investigation of complex medical data for diabetic patients. Artificial Intelligence refers to gathering information, processing it and giving a precise output to the customers. Software companies are introducing numerous applications catering to diabetes management. These find application in controlling and managing diabetes. Growing use of mobile phones and other digital platforms by companies to design such applications are the key factors growing artificial intelligence in the diabetes management market
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Emergence of Mobile Technology in Diabetes Management
Market Growth Drivers:
Unhealthy Lifestyle Leading to Increasing Number of Patient with Diabetes and Growing Geriatric Population
Challenges:
Privacy and Data Safety Concerns
Restraints:
High Cost Associated with Artificial Intelligence in Diabetes Software Management and Inability of People to Operate Mobile Applications
Opportunities:
Technological Development and Product Innovations
Competitive Landscape:
Artificial intelligence in diabetes software management is growing owing to technological development and product innovation such as mobile applications to analyze glucose level. The market is expected to witness collaborations among, IT and healthcare companies, to enhance patient user experience, thereby boosting acceptance.
Some of the key players profiled in the report are Apple Inc. (United States), Diabnext (China), Glooko Inc. (United States), IBM Corporation (United States), Tidepool (United States), Google, Inc. (United States), Vodafone Group Plc. (United Kingdom) and Bigfoot Biomedical (United States). Additionally, following companies can also be profiled that are part of our coverage like DreaMed Diabetes, Ltd. (Israel), Virta Health (United States) and GlucoMe (Israel). Analyst at AMA Research see United States Players to retain maximum share of Global Artificial Intelligence In Diabetes Management market by 2028. Considering Market by End Users, the sub-segment i.e. Hospitals and Clinics will boost the Artificial Intelligence In Diabetes Management market. Considering Market by Techniques , the sub-segment i.e. Cased Based Reasoning will boost the Artificial Intelligence In Diabetes Management market. Considering Market by Device , the sub-segment i.e. Glucose Monitoring Devices will boost the Artificial Intelligence In Diabetes Management market.
Latest Market Insights:
In March 2022 Glooko Inc., a leading provider of remote patient monitoring and data management solutions for diabetes and related chronic conditions, acquired DIABNEXT, a Paris-based company whose digital health platform helps people with diabetes better manage their conditions and connects to their healthcare providers, so they can work together to improve health outcomes.
In June 2022, Diabeloop rounds up €70M to take AI-powered insulin delivery tech global. closed-loop insulin delivery systems or artificial pancreas, and they use blood sugar readings from continuous glucose monitors to automatically adjust the settings on connected insulin pumps. As an alternative to an FDA-cleared all-in-one system from Medtronic, U.S. patients can also combine insulin pumps from Insulet or Tandem with a Dexcom CGM to create a hybrid version, while Europeans have access to similar CE-marked hybrid systems powered by artificial intelligence algorithms from Diabeloop. But the Diabeloop mechanism may soon make its way stateside as well
As part of the AI/ML Action Plan, the FDA is highlighting its intention to develop an update to the proposed regulatory framework presented in the AI/ML-based SaMD discussion paper, including through the issuance of draft guidance on the predetermined change control plan.
What Can be Explored with the Artificial Intelligence In Diabetes Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Artificial Intelligence In Diabetes Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Artificial Intelligence In Diabetes Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Artificial Intelligence In Diabetes Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Artificial Intelligence In Diabetes Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Healthcare Institutes, Research Organizations and Consulting Companies, Organizations, Associations and Alliances Related to Artificial Intelligence in Diabetes Software, Government Bodies Such As Regulating Authorities and Policy Makers., Industry Associations, Market Research and Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.