Digital Diabetes Management Market Segmentation, Country Level Analysis, Current Scenario 2027

Digital Diabetes Management Market: Information by Type (Wearable Devices, Handheld Devices), Product & Services (Devices, Digital Diabetes Management Apps, Services), End User (Homecare, Academic & Research Institutes)- Forecast till 2027

Digital Diabetes Management Market Scenario

The digital diabetes management market is accounted for USD 4,464.8 million in 2017 and expected to register ~ 23.7 % CAGR during the forecast period (2018–2023).

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Rising awareness of preventive care and prevalence of obesity can lead to a higher uptick in the demand of digital diabetes management applications. However, strict regulations pertaining to approval of applications and devices can hamper market growth.

Digital Diabetes Management Market Segmentation

The global digital diabetes management market has been segmented by type, product and services, and end user.

By type, the market is divided into wearable devices and handheld devices. The wearable devices segment is expected to hold the largest digital diabetes management market share during the forecast period owing to regulatory approval of advanced products and technological advancements such as smart insulin patches.

By product and service, the global digital diabetes management market is segmented into digital diabetes management apps, data management software and platforms, devices, and services. Devices consist of smart insulin pumps/closed loop systems & smart insulin patches, smart glucose meters, smart insulin pens, and continuous glucose monitoring systems. Moreover, digital diabetes management apps have been sub-segmented into weight & diet management apps and diabetes & blood glucose tracking apps.

End users of the digital diabetes management market include homecare, academic & research institutes, hospitals & specialty diabetes clinics, and others. The homecare segment can hold the largest market share in the global digital diabetes management market during the forecast period.

Digital Diabetes Management Market Regional Analysis

By region, the global digital diabetes management market is segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas are touted to lead the global digital diabetes management market till the end of the forecast period owing to acceptance of digitally advanced solutions, favorable government schemes, and initiatives for promoting public health. Awareness of diabetes and development of mobile applications can drive regional market demand. The regional growth is characterized by mergers, acquisitions, and novel product launches. For instance, Abbott and Dexcom have decided to join hands with Insulet for the development of a digital health platform.

Europe is the second-largest region of the digital diabetes management market and headed for growth due to ample funds in research and development and government support. Raising of funds by companies for encouraging research is expected to drive regional growth. Recently, Oviva a Swiss-based provider of digital solutions for diabetes has raised close to USD 21 million in funding.

Intended Audience

• Medical devices companies

• Hospitals

• Research and development (R&D) companies

• Medical research laboratories

• Research and consulting firms

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Key Players

Some of the key players in the global digital diabetes management market are Abbott Laboratories, Agamatrix, Inc., Ascensia Diabetes Care Holdings Ag., B. Braun Melsungen AG, Dariohealth Corporation, Dexcom, Inc., F. Hoffmann-La Roche, Glooko, Inc., Insulet Corporation, Lifescan, Inc., Medtronic PLC, Tandem Diabetes Care, Inc., Tidepool, and others.

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