Digital Diabetes Management Global Market To Reach Value Of $17 Billion In 2025
9 Dec, 2021
Global Digital Diabetes Management Market Size And Drivers:
The global digital diabetes management market is expected to grow from $6.17 billion in 2020 to $7.37 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%. The growth 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 $17.09 billion in 2025 at a CAGR of 23%. 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.
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Trends In The Global Digital Diabetes Management Market
Several companies are increasing attention on developing design-focused and AI-powered connected apps to enhance the user experience, which is gaining significant popularity in the digital diabetes management market. Key companies operating in the digital diabetes management market including OneDrop, Ascencia, and Dario are increasing their focus on developing their products as stylish gadgets rather than medical devices. For instance, Medtronic plc and IBM Watson Health announced the launch of AI-powered Sugar.IQ smart diabetes management app, designed to improve and simplify daily diabetes management.
Global Digital Diabetes Management Market Segments:
The global digital diabetes management market is further segmented –
By Product & Service: Devices, Application, Data Management Software & Platforms, Services
By Device Type: Handheld Devices, Wearable Devices
By End User: Self/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Others
By Geography: The global diabetes management market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/digital-diabetes-management-global-market-report-2020-30-covid-19-growth-and-changeDigital Diabetes Management Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides digital diabetes management market overviews, analyzes and forecasts market size and growth for the global digital diabetes management market, digital diabetes management market share, digital diabetes management market players, digital diabetes management market segments and geographies, digital diabetes management market’s 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.