Digital Diabetes Management Market was valued at USD 19.1 Billion in 2023 and is expected to reach USD 40.5 Billion by 2030. The global Digital Diabetes Management Market size is expected to grow at a CAGR of 14.4 % through the forecast period.Digital Diabetes Management Market Overview:
The increased investment from corporations and organizations is likely to encourage the use of digital diabetic devices, which will drive the market's growth in the future years. Furthermore, various governments are launching diabetes awareness initiatives, which is boosting market growth. These organizations' media campaigns for diabetes care and prevention raise awareness of available technology in the industry. The report explores the Digital Diabetes Management Market's segments (Device Type and End User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2023 to 2030. The report investigates the Digital Diabetes Management Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Digital Diabetes Management Market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report Impact of Covid-19 on Digital Diabetes Management Market: The increasing inclination for digital technologies for disease management among diabetes patients at high risk of COVID-19 fueled the rise of the digital Diabetes Management industry. Individuals with pre-existing diabetes were likely to be particularly vulnerable to COVID-19 infections, thus healthcare providers advised that blood glucose levels be closely monitored to avoid problems. The pandemic necessitated a review of the viability of various digital devices across hospitals in order to free up medical staff for COVID-19 while still efficiently managing patients with other illnesses. 2023 is considered as a base year to forecast the market from 2023 to 2030. 2023’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2030. 2023 is a year of exception and analysis especially with the impact of lockdown by region.
Digital Diabetes Management Market Dynamics:
Traditional Diabetes Management medicines, as well as prior iterations or analogues, are being replaced by newer digital alternatives that are more convenient. Devices like the FreeStyle Libre and Dexcom G5 CGM, for example, make minimally invasive and accurate glucose monitoring possible. Non-invasive connected sensor advancements, such as Sensionics' Eversense XL, have been critical in improving the accuracy of monitoring blood glucose levels and the device's durability (that can last up to 180 days). Minimally invasive approaches include skin patches, gas sensors, radio-wave technologies, and microneedles. The medical device industry has seen significant technological advancements in the field of diabetes care over the last decade, including the introduction of focused sensor-based CGM technology, implantable digital Diabetes Management devices, closed-loop systems, and wearable smartphone-based Diabetes Management devices. Technologically enhanced systems have improved the ability to manage diabetes and made it possible to establish tight control while giving patients, children, and their families a more flexible schedule and food. Several digital diabetes care alternatives, such as prefilled syringes, glucose metre analogues, test strips, and insulin pumps, are currently competitive with their traditional counterparts. Patients can use the digital Diabetes Management system to improve self-management and control of their condition. One of the key obstacles in managing diabetes is lowering blood glucose levels and maintaining them, which drives up use of these systems. Digital involvement can help individuals with diabetes Device Types 1 and 2 get the care they need. Diabetes monitoring hardware, mobile applications, and big data cloud computing infrastructure make up digital diabetes devices. The term "smart glucose monitor" refers to a wearable blood glucose monitor those measures and transmits blood glucose data to an iOS or Android mobile device.Digital Diabetes Management Market Segment Analysis:
Based on Device Type: 1. Handheld devices and Wearable devices: The market for digital Diabetes Management devices is divided into handheld and wearable devices. In 2023, wearable devices represented for xx% of the market for digital Diabetes Management devices. CGM systems, smart insulin pumps, and smart insulin patches are examples of these devices. Increased public awareness of glucose monitoring; an increase in the number of regulatory approvals for CGM systems; and technology improvements such as closed-loop pump systems, smart insulin patches, and other pipeline devices are all driving demand for wearable Diabetes Management devices. Furthermore, connected gadgets enable patients to submit data online at home and provide rapid access to glucose-level readings at periodic intervals. Based on End User: The Self/home healthcare segment to grow at the fastest xx% CAGR during the forecast period 1. Self/home healthcare: A nutritious diet, being physically active, glucose monitoring, correct medication, checking cholesterol levels, taking care of kidneys, and losing weight are all linked to better glycemic control, fewer long-term complications, and improved quality of life in diabetics. 2. Specialty diabetes clinics: Getting a diabetes diagnosis and learning about the disease isn't always enough to help you control your condition. Seeing a specialist will put you in touch with a comprehensive diabetes care team, each of whose members—a nurse practitioner, dietitian, pharmacist, educator, and exercise physiologist—brings unique areas of expertise to help you tailor your care to your personal needs. Self/home healthcare, hospitals & specialist diabetic clinics, and academic & research organisations are the primary End Users in the digital Diabetes Management industry. During the forecast period, the self/home healthcare category is expected to increase at the fastest rate of xx%. Self/home care digital Diabetes Management systems and platforms have improved in accuracy, low invasiveness, and ease of use as a result of technological improvements. The rise in demand for non-invasive or minimally invasive technologies in-home care has been fueled by the development of CGM systems, insulin pump therapy, applications, and services.Digital Diabetes Management Market Regional Insights:
North America dominates the digital Diabetes Management market in 2023 because of the increasing penetration of smart consumer devices and innovation in AI-based services and the introduction of the internet of things, big data, machine learning, and robotics. The Asia Pacific is predicted to develop at a significant CAGR over the forecast period due to new product introductions and a high diabetes population, Diabetes affects roughly 229 million individuals worldwide, accounting for over xx% of the global population. Many product releases are also taking place in the region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies. The objective of the report is to present a comprehensive analysis of the Global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Market dynamic, structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by Vehicle Device Type, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.Digital Diabetes Management Industry Ecosystem
Digital Diabetes Management Market Scope: Inquire before buying
Global Digital Diabetes Management Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 19.1 Billion Forecast Period 2024 to 2030 CAGR: 14.4% Market Size in 2030: USD 40.5 Billion Segments Covered: by Device Type Handheld Devices Wearable Devices by End-User Self/Home Healthcare Specialty Diabetes Clinic Digital Diabetes Management Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Digital Diabetes Management Market Key Players
1. BeatO 2. Pendiq GmbH 3. Decide Clinical Software 4. Azumio 5. Care Innovations, LLC 6. ACON Laboratories 7. Emperra GmbH e-Health 8. ARKRAY 9. Ypsomed Holding AG 10. Dottli 11. One Drop 12. Dario Health Corporation 13. Glooko Inc. 14. Abbot Laboratories 15. Dexcom Inc. 16. Tandem Diabetes Care 17. Agamatrix 18. Tidepool 19. LifeScan Inc. 20. MedtronicFrequently Asked Questions:
1] What segments are covered in the Global Digital Diabetes Management Market report? Ans. The segments covered in the Market report are based on Device Type and End User. 2] Which region is expected to hold the highest share in the Global Digital Diabetes Management Market? Ans. North America region is expected to hold the highest share in the Market. 3] What is the market size of the Global Digital Diabetes Management Market by 2030? Ans. The market size of the Market by 2030 is expected to reach USD 40.5 Billion. 4] What is the forecast period for the Global Digital Diabetes Management Market? Ans. The forecast period for the Market is 2023-2030. 5] What was the market size of the Global Digital Diabetes Management Market in 2023? Ans. The market size of the Market in 2023 was valued at USD 19.1 Billion.
1. Diabetes Management Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Diabetes Management Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Key Development 2.5.6. Market Share 2.6. Industry Ecosystem 2.6.1. Key players in the Digital Diabetes ecosystem 2.6.2. Role of companies in the Digital Diabetes ecosystem 2.7. Upcoming Technological and Advancement Initiatives by Key Players 2.8. Market Structure 2.8.1. Market Leaders 2.8.2. Market Followers 2.8.3. Emerging Players 2.9. Consolidation of the Market 2.9.1. Strategic Initiatives and Developments 2.9.2. Mergers and Acquisitions 2.9.3. Collaborations and Partnerships 2.9.4. Product Launches and Innovations 2.10. Pricing Analysis: Average Selling Price of Digital Diabetes Offered by Key Players in the Market 3. Diabetes Management Market: Dynamics 3.1. Diabetes Management Market Trends by Region 3.1.1. North America Diabetes Management Market Trends 3.1.2. Europe Diabetes Management Market Trends 3.1.3. Asia Pacific Diabetes Management Market Trends 3.1.4. South America Diabetes Management Market Trends 3.1.5. Middle East & Africa (MEA) Diabetes Management Market Trends 3.2. Diabetes Management Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. Value/Supply Chain Analysis 3.5. Impact of Trends and Disruption on Manufacturer 3.6. Ecosystem Analysis 3.7. Technological Analysis 3.8. Reimbursement scenario 3.9. Key Stakeholder and Buying Criteria 3.9.1. Influence of Stakeholders on the Buying Process for the Top Applications 3.9.2. Key Buying Criteria for Top Applications 3.10. Regulatory Landscape 3.10.1. Regulation by Region 3.10.2. Tariff and Taxes 3.10.3. Regulatory Bodies, Government agencies, and other organizations by Region 3.11. Patent Analysis 3.11.1. Top 10 Patent Holders 3.11.2. Top 10 Companies with Highest Number of Patents 3.11.3. Patent Registration Analysis 3.11.4. Number of Patents Granted Still 2024 4. Trade Data Analysis: 4.1.1. Import/ Export of Digital Diabetes 5. Diabetes Management Market: Global Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 5.1. Global Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 5.1.1. Handheld Devices 5.1.2. Wearable Devices 5.2. Global Diabetes Management Market Size and Forecast, by End User (2023-2030) 5.2.1. Self/Home Healthcare 5.2.2. Specialty Diabetes Clinic 5.3. Global Diabetes Management Market Size and Forecast, by Region (2023-2030) 5.3.1. North America 5.3.2. Europe 5.3.3. Asia Pacific 5.3.4. South America 5.3.5. MEA 6. North America Diabetes Management Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 6.1. North America Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 6.1.1. Handheld Devices 6.1.2. Wearable Devices 6.2. North America Diabetes Management Market Size and Forecast, by End User (2023-2030) 6.2.1. Self/Home Healthcare 6.2.2. Specialty Diabetes Clinic 6.3. North America Diabetes Management Market Size and Forecast, by Country (2023-2030) 6.3.1. United States 6.3.1.1. United States Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 6.3.1.1.1. Handheld Devices 6.3.1.1.2. Wearable Devices 6.3.1.2. United States Diabetes Management Market Size and Forecast, by End User (2023-2030) 6.3.1.2.1. Self/Home Healthcare 6.3.1.2.2. Specialty Diabetes Clinic 6.3.2. Canada 6.3.2.1. Canada Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 6.3.2.1.1. Handheld Devices 6.3.2.1.2. Wearable Devices 6.3.2.2. Canada Diabetes Management Market Size and Forecast, by End User (2023-2030) 6.3.2.2.1. Self/Home Healthcare 6.3.2.2.2. Specialty Diabetes Clinic 6.3.3. Mexico 6.3.3.1. Mexico Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 6.3.3.1.1. Handheld Devices 6.3.3.1.2. Wearable Devices 6.3.3.2. Mexico Diabetes Management Market Size and Forecast, by End User (2023-2030) 6.3.3.2.1. Self/Home Healthcare 6.3.3.2.2. Specialty Diabetes Clinic 7. Europe Diabetes Management Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 7.1. Europe Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.2. Europe Diabetes Management Market Size and Forecast, by End User (2023-2030) 7.3. Europe Diabetes Management Market Size and Forecast, by Country (2023-2030) 7.3.1. United Kingdom 7.3.1.1. United Kingdom Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.3.1.2. United Kingdom Diabetes Management Market Size and Forecast, by End User (2023-2030) 7.3.2. France 7.3.2.1. France Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.3.2.2. France Diabetes Management Market Size and Forecast, by End User (2023-2030) 7.3.3. Germany 7.3.3.1. Germany Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.3.3.2. Germany Diabetes Management Market Size and Forecast, by End User (2023-2030) 7.3.4. Italy 7.3.4.1. Italy Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.3.4.2. Italy Diabetes Management Market Size and Forecast, by End User (2023-2030) 7.3.5. Spain 7.3.5.1. Spain Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.3.5.2. Spain Diabetes Management Market Size and Forecast, by End User (2023-2030) 7.3.6. Sweden 7.3.6.1. Sweden Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.3.6.2. Sweden Diabetes Management Market Size and Forecast, by End User (2023-2030) 7.3.7. Austria 7.3.7.1. Austria Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.3.7.2. Austria Diabetes Management Market Size and Forecast, by End User (2023-2030) 7.3.8. Rest of Europe 7.3.8.1. Rest of Europe Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 7.3.8.2. Rest of Europe Diabetes Management Market Size and Forecast, by End User (2023-2030) 8. Asia Pacific Diabetes Management Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 8.1. Asia Pacific Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 8.2. Asia Pacific Diabetes Management Market Size and Forecast, by End User (2023-2030) 8.3. Asia Pacific Diabetes Management Market Size and Forecast, by Country (2023-2030) 8.3.1. China 8.3.1.1. China Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 8.3.1.2. China Diabetes Management Market Size and Forecast, by End User (2023-2030) 8.3.2. S Korea 8.3.2.1. S Korea Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 8.3.2.2. S Korea Diabetes Management Market Size and Forecast, by End User (2023-2030) 8.3.3. Japan 8.3.3.1. Japan Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 8.3.3.2. Japan Diabetes Management Market Size and Forecast, by End User (2023-2030) 8.3.4. India 8.3.4.1. India Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 8.3.4.2. India Diabetes Management Market Size and Forecast, by End User (2023-2030) 8.3.5. Australia 8.3.5.1. Australia Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 8.3.5.2. Australia Diabetes Management Market Size and Forecast, by End User (2023-2030) 8.3.6. ASEAN 8.3.6.1. ASEAN Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 8.3.6.2. ASEAN Diabetes Management Market Size and Forecast, by End User (2023-2030) 8.3.7. Rest of Asia Pacific 8.3.7.1. Rest of Asia Pacific Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 8.3.7.2. Rest of Asia Pacific Diabetes Management Market Size and Forecast, by End User (2023-2030) 9. South America Diabetes Management Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 9.1. South America Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 9.2. South America Diabetes Management Market Size and Forecast, by End User (2023-2030) 9.3. South America Diabetes Management Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 9.3.1.2. Brazil Diabetes Management Market Size and Forecast, by End User (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 9.3.2.2. Argentina Diabetes Management Market Size and Forecast, by End User (2023-2030) 9.3.3. Rest Of South America 9.3.3.1. Rest Of South America Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 9.3.3.2. Rest Of South America Diabetes Management Market Size and Forecast, by End User (2023-2030) 10. Middle East and Africa Diabetes Management Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 10.1. Middle East and Africa Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 10.2. Middle East and Africa Diabetes Management Market Size and Forecast, by End User (2023-2030) 10.3. Middle East and Africa Diabetes Management Market Size and Forecast, by Country (2023-2030) 10.3.1. South Africa 10.3.1.1. South Africa Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 10.3.1.2. South Africa Diabetes Management Market Size and Forecast, by End User (2023-2030) 10.3.2. GCC 10.3.2.1. GCC Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 10.3.2.2. GCC Diabetes Management Market Size and Forecast, by End User (2023-2030) 10.3.3. Rest Of MEA 10.3.3.1. Rest Of MEA Diabetes Management Market Size and Forecast, by Device Type (2023-2030) 10.3.3.2. Rest Of MEA Diabetes Management Market Size and Forecast, by End User (2023-2030) 11. Company Profile: Key Players 11.1. BeatO 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis (Technological strengths and weaknesses) 11.1.5. Strategic Analysis (Recent strategic moves) 11.1.6. Recent Developments 11.2. Pendiq GmbH 11.3. Decide Clinical Software 11.4. Azumio 11.5. Care Innovations, LLC 11.6. ACON Laboratories 11.7. Emperra GmbH e-Health ARKRAY 11.8. Ypsomed Holding AG 11.9. Dottli 11.10. One Drop 11.11. Dario Health Corporation 11.12. Glooko Inc. 11.13. Abbot Laboratories 11.14. Dexcom Inc. 11.15. Tandem Diabetes Care 11.16. Agamatrix 11.17. Tidepool 11.18. LifeScan Inc. 11.19. Medtronic 11.20. Others 12. Key Findings and Analyst Recommendations 12.1. Attractive Opportunities for Players in the Diabetes Management Market 13. Diabetes Management Market: Research Methodology 13.1. Market Size Estimation 13.1.1. Market Size Estimation: Bottom-Up Approach 13.1.2. Market Size Estimation: Top-Down Approach 13.2. Data Triangulation 13.2.1. Diabetes Management Market: Data Triangulation method 13.3. Growth Forecast 13.4. Recession Analysis
