Digital Diabetes Management Global Market Sees Growth Rate Of 22% Through 2022

The global digital diabetes management market size is expected to grow from $8.85 billion in 2021 to $10.82 billion in 2022 at a compound annual growth rate (CAGR) of 22.3%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The digital diabetes management market is expected to reach $24.26 billion in 2026 at a CAGR of 22.4%.

What is the Global Digital Diabetes Management Market?

The digital diabetes management market consists of sales of digital diabetes management devices and related services. Digital diabetes management includes devices, apps, and software that manage blood glucose levels in the human body. These devices play a vital role in the care of diabetes patients with the management of patient’s blood glucose levels and controlling their conditions.

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What drives the Global Digital Diabetes Management Market?

The increasing prevalence of diabetes is projected to propel the demand for digital diabetes management devices and related services, thereby increasing the demand for the market. Diabetes is a leading cause of death with 30% of loss of life expectancy from diagnosis of diabetes. The prevalence of diabetes for the age group 20-79 years is predicted to increase to 9.9% to reach 628.6 million people with an expected growth of 48% by the end of 2045, globally. Digital diabetes management devices provide continuous care for diabetic patients and provide relevant data for further analysis.

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Global Digital Diabetes Management Market Segments
The global digital diabetes management market is segmented:
By Product and Service: Devices, Application, Data Management Software and Platforms, Services
By Device Type: Handheld Devices, Wearable Devices
By End User: Self/Home Healthcare, Hospitals and Specialty Diabetes Clinics, Others
By Geography: The regions covered in the digital diabetes management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Digital Diabetes Management Global Market Report 2022provides market size and growth forecasts for the global digital diabetes management market, global digital diabetes management market share, digital diabetes management market segments and geographies, digital diabetes management market competitive landscape including leading competitors’ revenues, profiles and market shares. The digital diabetes management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Digital Diabetes Management Industry Playersinclude Bayer AG, Medtronic, Roche Diagnostics, Dexcom, Inc., Abbott Laboratories, Ascensia Diabetes Care, Insulet Corporation, B. Braun Melsungen AG, Tandem Diabetes Care and LifeScan Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.