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) — Global Forecast till 2027
Market Highlights
The digital diabetes management provide a platform that simplify the tracking of diabetes data. It helps Type 1 and Type 2 diabetes patients to manage blood test results from a glucose meter, records of actual insulin delivery, statistical evaluation.
Competitive Analysis: Global Digital Diabetes Management Market
Some of the major companies in the global digital diabetes management market include Ascensia Diabetes Care Holdings Ag., Abbott Laboratories, Agamatrix, Inc., B. Braun Melsungen AG, Dexcom, Inc., Dariohealth Corporation, F. Hoffmann-La Roche, Insulet Corporation, Glooko, Inc., Lifescan, Inc., Tandem Diabetes Care, Inc., Medtronic PLC, Tidepool, and others.
Segmentation: global Digital Diabetes Management Market
The global digital diabetes management market is segmented on the basis of product and services, type, end user, and region.
By type, the market is segmented into wearable devices and handheld devices.
By product and Service, the market is segmented into digital diabetes management apps, data management software and platforms, and services. Of these, data management software and platforms segment is segmented into smart insulin pens, devices smart glucose meters, continuous glucose monitoring systems, smart insulin pumps/closed loop systems, and smart insulin patches. The digital diabetes management apps segment is further sub-segmented into weight & diet management apps and diabetes & blood glucose tracking apps.
By end user, the market is segmented into hospitals & specialty diabetes clinics, homecare, academic & research institutes, and others.
Regional Analysis: Global Digital Diabetes Management Market
Regionally, the digital diabetes management market is segmented into the Americas, Asia Pacific, Europe, and Middle East & Africa. Of these, the Americas is estimated to remain dominant in the global digital diabetes management market in the coming period owing to increasing government support through government sponsored initiatives, policies, and awareness programs. Additionally, increasing acceptance of digital and connected technologies for remote management of diabetes and connected diabetes management apps are driving growth of the global digital diabetes management market.
European market is estimated to grab second-leading position in the digital diabetes management market owing to increasing investment from government for research and development (R&D) of innovations in the product. Additionally, the increasing funds for research coupled with increasing in adoption of the advanced diabetes management systems are fueling growth of the global market for digital diabetes management in the region.
However, the Asia Pacific is estimated to register fastest growth during the forecast period owing to presence of large patient pool suffering from diabetes. Additionally, factors such as increasing investment in innovation, changing lifestyle, and capability of spending money on the adoption of advanced healthcare systems are driving growth of the global digital diabetes management market.
Industry News: Global Digital Diabetes Management Market
In 2019, One Drop announced that the company is developing a diabetes management system and soon will enter into the market with advanced technology for diabetes management system which also provide accurate level of blood glucose.
In 2019, Omada Health and Blue Cross and Blue Shield of Minnesota announced the availability of Omada’s Type 2 Diabetes Digital Care program. This diabetes program will be introduced for Minnesota employers in beginning January 2020.
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