The global digital diabetes management market is accounted for USD 4,464.8 million in 2017 and expected to register ~ 23.7 % CAGR during the forecast period (2018–2023).

The digital diabetes management simplify the tracking of diabetes data for Type 1 and Type 2 diabetes patients and manage blood test results from a glucose meter, records of actual insulin delivery, statistical evaluation.

The rising diabetes prevalence, advancement in technology, and increasing demand for selfcare, are the major factors driving the growth of the global digital diabetes management market. Moreover, increasing research and development spending by the top players and focus towards customer satisfaction are boosting the growth of the market during forecast period. For instance, in 2017, Dexcom opened a new head office in Canada to enhance customer experience and support Canadian diabetes patients.

Global 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 2023 : https://www.marketresearchfuture.com/reports/digital-diabetes-management-market-7527

 

Some of the key players in the global digital diabetes management market are Abbott Laboratories, Agamatrix, Inc., Ascensia Diabetes Care Holdings Ag., B. Braun Melsungen AG, Dariohealth Corporation, Dexcom, Inc., F. Hoffmann-La Roche, Glooko, Inc., Insulet Corporation, Lifescan, Inc., Medtronic PLC, Tandem Diabetes Care, Inc., Tidepool, and others.

In the Americas, the North American market is likely to hold the majority share of the digital diabetes management market owing to the rising prevalence of diabetes, increasing awareness, increasing healthcare spending due to favorable reimbursement policies, and rising product approvals for digital diabetes managements. As per the National Diabetes Statistics Report suggested by Centers for Disease Control and Prevention, it is found that 9.4% of the U.S. population i.e. 30.3 million people had diabetes in 2015. Also, The Centers for Medicare & Medicaid Services (CMS) is going to expand Diabetes Prevention Program in 2018 to reduce net Medicare spending and to improve the patient care quality without limiting coverage or benefits in the United States

The global digital diabetes management market has been segmented on the basis of type, product and services, end user, and region.