Industry Background:
Digital Diabetes Management is expected to grow significantly in the forecasted period with the rising prevalence of diabetes and the growing adoption of the digital platform for diabetes. The rising incidence of type I and type II diabetes combined with high obese population is propelling the market for digital diabetes market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Roche Diagnostics (Switzerland), Medtronic (Ireland), Glooko Inc. (United States), B. Braun (Germany), Dexcom (United States), Abbott Laboratories (United States), Insulet Corporation (United States), Tandem Diabetes Care (United States), Ascensia Diabetes Care (Switzerland) and Lifescan (United States) |
This growth is primarily driven by Growing Demand for Technologically Advanced Solutions Such As Closed-Loop Systems, High Adoption of Connected Diabetes Management Devices and Apps, Rising Awareness on Self-Diabetes Management, Favorable Reimbursement Policies and Increased Acceptance of Digital Diabetes Solutions from Payers.
Globally, a noticeable market trend is evident Growing Demand for Hybrid Closed-Loop Systems/Artificial Pancreas Device Systems
Major Players, such as Roche Diagnostics (Switzerland), Medtronic (Ireland), Glooko Inc. (United States), B. Braun (Germany), Dexcom (United States), Abbott Laboratories (United States), Insulet Corporation (United States), Tandem Diabetes Care (United States), Ascensia Diabetes Care (Switzerland) and Lifescan (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2018, Medtronic plc acquired Neutrino Health Ltd. (Israel). This acquisition strengthened Metronic’s CGM and industry-leading hybrid closed-loop systems portfolio in the digital diabetes management market. and In 2018, Roche Diagnostics signed a partnership with Wellthy Therapeutics Private Limited (India) that offers an artificial intelligence-based digital diabetes coaching solution for users of the Accu-Chek Active system.
Influencing Trend:
Growing Demand for Hybrid Closed-Loop Systems/Artificial Pancreas Device Systems and Increasing Demand for Flash Glucose Monitoring (FGM) Systems
Market Growth Drivers:
Growing Demand for Technologically Advanced Solutions Such As Closed-Loop Systems, High Adoption of Connected Diabetes Management Devices and Apps, Rising Awareness on Self-Diabetes Management, Favorable Reimbursement Policies and Increased Acceptance of Digital Diabetes Solutions from Payers
Challenges:
Low Penetration in Developing Economies and Lack of Data Security
Restraints:
Lack of Awareness toward Healthcare-Associated Applications and Cost Sensitivity and Limited Infrastructure For Management
Opportunities:
Increasing Demand for Remote Monitoring & Penetration of Smartphone-Connected Handheld Devices, Rising Global Adoption of Remote Online Coaching Services among Diabetes Patients and Government Initiatives to Promote Digital Health in the Region
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Digital Diabetes Management Market
- Analysis about New Entrants in Digital Diabetes Management Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Digital Diabetes Management Study Sheds Light on
The Digital Diabetes Management Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Diabetes Management industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Diabetes Management industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.