Global Digital Diabetes Management
Market Report
2024
The digital diabetes management market was valued at USD 23.29 billion in 2022 and is projected to reach USD 48.14 billion by 2030, registering a CAGR of 9.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The digital diabetes management market was valued at USD 23.29 billion in 2022 and is projected to reach USD 48.14 billion by 2030, registering a CAGR of 9.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Digital Diabetes Management Market Sales Revenue 2022 | $ 12.63 Billion |
Global Digital Diabetes Management Market Sales Revenue 2030 | $ 39.92 Billion |
Global Digital Diabetes Management Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 15.8% |
Market Split by Product Type |
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Market Split by End-User |
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Market Split by Device Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Digital Diabetes Management Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The medical software utilized for remote diabetes monitoring, analysis, and management is referred to as digital diabetes management. The metabolic condition diabetes raises the body's blood sugar levels. Digital diabetes management includes the use of software-based programs, platforms, and tools such as smart glucose monitors, insulin pens, sensors, closed-loop systems, and insulin patches. These systems are utilized to efficiently track and record patient information as well as regulate blood sugar, blood pressure, and cholesterol levels. Additionally, they support the development of healthcare procedures and the prevention of diabetes. Easy-to-use smart pens, tracking apps, and automatic insulin pumps are all included in digital diabetes management. The rise in the incidence of diabetes patients, changing lifestyles, and government initiatives in the adoption & promotion of new technologies in the health sector are the major factors fuelling the digital diabetes management market.
Digital tools which are included in digital diabetes management are filling the gap between patients and physicians. An automatic insulin pump is used for administering the doses of the drug according to changing levels of glucose in the blood which helps the type-1 diabetes patient. Wearable continuous glucose monitors collect real-time blood glucose data without using needles and test strips. If a patient’s digital tool is connected to a clinic’s electronic medical records (EMR), the clinician can easily access patient information to recommend drugs adjustment or prepare for their next appointment.
WHO forecasted diabetes is expected to become the seventh-leading cause of death by 2030. The main factors for diabetes are unhealthy diet, stress, obesity, and aging. According to the International Diabetes Federation, the prevalence of diabetes increases with age. The growing geriatric population is expected to drive the digital diabetes management market.
Artificial intelligence applications in diabetes are diagnosis and chronic condition management. Machine learning is used to build algorithms to support predictive models for the risk of developing diabetes. AI allows continuous monitoring of patients' symptoms and biomarkers. Intelligent technical reforms have produced better glycemic control with reductions in fasting and postprandial glucose levels, glycosylated hemoglobin, and glucose excursions. Al will introduce a paradigm shift in diabetes care from conventional management strategies to building targeted data-driven accurate care.
Patients still choose conventional diabetes management strategies in various geographical locations. Due to their preference for low-cost treatment and lack of information about linked devices and applications, many patients reject digital platforms and instead choose conventional blood glucose sensors and glucose strips, insulin injections, prefilled syringes, and medication therapy. The limited uptake of computers, tablets, and smartphones for managing diabetes in various nations has also impacted the acceptance of advanced technologies. However, the main market players are developing user-friendly devices and apps to overcome this restraining factor.
During the 2019, pandemic period many countries have imposed the lockdown with that social distancing which has affected routine healthcare activities and led to a rise in demand for home care and the COVID-19 pandemic has benefited the growth of the digital diabetes management industry. Increasing product Adoption during the COVID-19 pandemic occurred is one of the positive impacts which provided a growth factor to the Digital Diabetes management market.
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With the help of this app, patients will be able to receive expert solutions on lifestyle, health-oriented, and content for individual functional and emotional needs eg. following the correct Insulin Injection Technique and overcoming needle fear.
Top Companies Market Share in Digital Diabetes Management Industry: (In no particular order of Rank)
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North America held the largest revenue share of over 37.8% in the year 2022. This growth is attributed to the increasing development of advanced technologies, the growing adoption of digital diabetes management apps, and increasing government support and initiatives to develop the digital health sector. For instance, in April 2018, FDA permitted the marketing of artificial intelligence-based devices to detect certain diabetes-related eye problems and FDA will keep helping to make safe and efficient digital health devices available so that patients can have easier access to diabetes treatment. Similarly, FDA in the United States approved the Omnipod 5 Automated Insulin Delivery System developed by Insulet Corporation.
Moreover, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period (2023-2030) owing to the increasing adoption of digital tools for patients and healthcare professionals, increasing new product launches, and the rising prevalence of diabetes across the region.
The current report Scope analyzes Digital Diabetes Management Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Digital Diabetes Management Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Digital Diabetes Management Industry growth. Digital Diabetes Management market has been segmented with the help of its Product Type, End-User Device Type, and others. Digital Diabetes Management market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The continuous blood glucose monitoring system (CGMS) segment held the largest revenue share of the Market:
Continuous blood glucose monitoring systems (CGMS) have advanced features such as compatibility with smart devices that serve as display devices. Moreover, it intended to give custom alerts to the patients to correct high or low sugar levels before it became urgent. Based on the product, the market has been divided into smart glucose meters, continuous blood glucose monitoring systems, smart insulin pens, smart insulin pumps, and apps.
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Self/home healthcare market is dominating the largest share of the market
Modern digital gadgets are combined with simple user interfaces in the products now on the market. As patient knowledge of diabetes care increases, the use of these devices is becoming increasingly essential. Due to the devices' use in communicating vital information with specialists via digital platforms, this industry is expected to expand. The market is expected to grow significantly as more people have access to home healthcare specialists. Because of the circumstances, there was a significant market for digital diabetes control solutions for home use during the pandemic. People utilizing mobile applications and other connected devices at home during the epidemic gave this industry a big boost
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Digital Diabetes Management market report 2024 Edition by contacting our team.
Wearable technology accounted for the largest share of the market
The market is divided into hand-held devices and wearable devices based on type. CGM systems, intelligent insulin pumps, and intelligent insulin patches are some of these gadgets. One of the main drivers of the demand for wearable devices for diabetes management is the rising awareness of glucose monitoring, the rising number of regulatory approvals for CGM systems, and technological advancements like closed-loop pump systems, smart insulin patches, and other upcoming devices. Additionally, networked devices allow for dosage control and recording, rapid access to periodic glucose measurements, and patient data uploading from home
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Digital Diabetes Management Market is witnessing significant growth in the near future.
In 2023, the Smart Insulin Pens segment accounted for noticeable share of global Digital Diabetes Management Market and is projected to experience significant growth in the near future.
The Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott Laboratories , Insulet Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Smart Insulin Pens, Smart Glucose Meter, Continuous Glucose Monitoring Systems, Smart Insulin Pumps |
End-User | Hospitals, Home Healthcare |
Device Type | Wearable, Hand Held |
List of Competitors | Abbott Laboratories, F. Hoffmann-La Roche, Insulet Corporation, Tandem Diabetes, AGaMatrix, Glooko Inc., DarioHealth Corporation, One Drop, Dottli, Ypsomed Holding AG, ARKRAY, ACON Laboratories Inc., Care Innovaions LLC., Health2Sync, Emperra GmbH E-Health Technologies, Azumio, Decide Clinical Software GmbH, BeatO, Others |
This chapter will help you gain GLOBAL Market Analysis of Digital Diabetes Management. Further deep in this chapter, you will be able to review Global Digital Diabetes Management Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Digital Diabetes Management Market Trends North America Digital Diabetes Management Technological Road Map North America Digital Diabetes Management Market Drivers North America Digital Diabetes Management Market Restraints North America Digital Diabetes Management Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-User Analysis 2019 -2031
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Chapter 12 Market Split by Device Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Digital Diabetes Management market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Smart Insulin Pens have a significant impact on Digital Diabetes Management market? |
What are the key factors affecting the Smart Insulin Pens and Smart Glucose Meter of Digital Diabetes Management Market? |
What is the CAGR/Growth Rate of Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Digital Diabetes Management Market? |
Which region is expected to dominate the global Digital Diabetes Management Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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