Digital Diabetes Management Market Share, COVID-19 Impact and Industry Insights By 2025
- celina redden
- Aug 2, 2021
- 2 min read
The scourge of diabetes in huge patient groups is estimated to motivate the digital diabetes management market. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is estimated to witness a 23.7 % CAGR by the end of the forecast period in 2023.
The escalated level of R & D being conducted on different methods to manage the condition is estimated to spur the digital diabetes management market in the forthcoming period. In addition, the increased presence of prominent manufacturers is estimated to further promote the digital diabetes management market in the forecast period.
Segmental Analysis
The digital diabetes management market's segmental assessment is carried out on the basis of type, product & service, end-user, and region. The product and service segment of the digital diabetes management market consists of data management software & platforms, devices, digital diabetes management apps, and services. The end user segment of the digital diabetes management market consists of hospitals & specialty diabetes clinics, academic & research institutes, and homecare. The region segment of the digital diabetes management market consists of the Americas, Asia Pacific, Europe, and the Middle East & Africa. The type segment of the digital diabetes management market consists of handheld devices and wearable devices.
Industry Updates:
June 2021 Carbon Health, a tech-savvy key care startup, has come into the digital diabetes space through its contract to obtain Steady Health, a San Francisco company with an FDA-approved glucose monitoring device and data managing platform. The 20-employee group at Steady Health will all join Carbon, also located in San Francisco, as its diabetes division. Steady's product, a patch that sticks to the arm and nonstop monitors glucose levels, will be rolled out to Carbon patients in the approaching months. In addition, steady health will carry on its efforts observing diabetic patients and linking them with endocrinologists under the Carbon umbrella, giving it admission to all of Carbon's technology infrastructure and patients, and expanding Steady's scope and patient combine.
Competitive Analysis
The broadening geographical reach of several companies globally is estimated to propel the market's development in the upcoming period. The market is estimated to be driven by positive aspects of the global demand in the forecast period. The companies are estimated to favor the long-term developments in the coming period to ensure the longevity and sustainability of their businesses. The financing related to innovations is estimated to take precedence in the business goals set by the various players in the market. The incorporation of pioneering technologies and work processes is likely to spur the global market in the impending period. The present COVID-19 crisis has encouraged companies to oversee a complete appraisal of business portfolios and make long-overdue operative changes. Companies are also adopting an asset-light model to navigate market conditions. The utilization of a dynamic ecosystem business model is estimated further to improve the chances for developments in the forecast period.
Related Reports
Urinary Catheters Market Research Report - Forecast to 2027
Pharmaceutical Analytical Testing Outsourcing Market Research Report - Forecast till 2027
Eye Allergy Treatment Market Research Report - Forecast to 2027
About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Comments