Digital Diabetes Market Share, Growth, Industry Analysis - 2025

Posted January 27, 2023 by shitalt

The Digital Diabetes Market is expected to grow at a CAGR of 21.7%from 2018 to 2025 to reach $12.03 billion by 2025.
The Digital Diabetes Market is expected to grow at a CAGR of 21.7%from 2018 to 2025 to reach $12.03 billion by 2025. Factors such as rising number of diabetic patients, increasing penetration of smartphones, technological advancement in diabetes devices, and growing funding for diabetes are driving the growth of this market. However, high cost of devices and poor reimbursement scenario is expected to hinder the growth of this market in the coming years.

The global digital diabetes market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2025-by product (SMBG, CGM, smart insulin pump, smart insulin pens, software, apps), and end user (home care, hospitals, and clinics). The study also evaluates industry competitors and analyzes the market at regional and country level.

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Key findings in the global digital diabetes market study:

Devices segment dominates digital diabetes market during the forecast period

The devices segment accounted for the largest share in digital diabetes market in 2018. This market is expected to grow at a CAGR of 21.5% in the forecast period mainly attributed to growing diabetic population, increasing adoption of diabetes devices, and growing awareness about diabetes in emerging countries.

CGM Systems is expected to dominate the digital diabetes devices market

CGM systems accounted for the largest share of digital diabetes devices market, by type. Increasing adoption of CGM systems, development of advanced CGM systems, and favorable government policies in developed countries promoting adoption of CGM systems are the key factors contributing to the largest share and highest growth of this segment.

Home Care is the largest end user segment for digital diabetes market

Over the past few years, the development and adoption of home care devices has increased. In addition, growing focus of companies to increase awareness about diabetes and diabetes devices & apps are further driving the adoption in home care settings. In 2018, home care segments accounted for the largest share of the global digital diabetes market.

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This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada), Europe (Spain, France, Italy, Germany, U.K., and RoE), Asia-Pacific (China, India, Japan, and RoAPAC), Latin America, and Middle East & Africa. North America accounted for the largest share of digital diabetes market in 2018.

Increasing prevalence of the disease, growing adoption of advance diabetes care devices, accessibility to technologies, and presence of well-established distribution channels of the major players are the key factors attributed to the largest share of this market. The Asia-Pacific digital diabetes market is expected to grow at a highest CAGR of 22.7% mainly due to high pool of diabetic patients, increasing healthcare expenditure, and growing focus of key players towards this region.

Digital Diabetes Market Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2015-2018). The key players in the global digital diabetes market are Lifescan, Roche, Medtronic, Ascensia Diabetes Care, Tandem Diabetes Care, Dexcomm, SocialDiabetes, One Drop, H2 Inc., Dottli Oy, Abbott Laboratories, Ypsomed holding AG, ARKRAY Inc., and Insulet Corporation among many others.

Scope of Digital Diabetes Market Report:

Digital Diabetes Market by Product

Self-Monitoring Blood Glucose (SMBG) Systems
Continuous Glucose Monitoring (CGM) Systems
Smart Insulin Pumps
Tubeless/Patch Pump
Closed Loop Pump
Smart Insulin Pens
Diabetes Management Software
Diabetes Management Apps
Digital Diabetes Market by End User

Home care
Hospitals and Clinics
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Key questions answered in the report-

Which are the high growth market segments in terms of product, patient, and region/countries?
What was the historical market for digital diabetes across the globe?
What are the market forecasts and estimates for the period 2018-2025?
What are the major drivers, restraints, opportunities, and challenges in the global digital diabetes market?
Who are the major players in the global digital diabetes market?

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Issued By Shital Thakare
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Business Address Meticulous Market Research Pvt Ltd
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Country India
Categories Blogging
Tags digital diabetes market
Last Updated January 27, 2023