Digital Diabetes Management Market
Global Digital Diabetes Management Market Size, Share & Trends Analysis Report by Product (Smart Glucometer, Smart CGM, Insulin Patch Pump, Diabetes Apps), by Device Type (Handheld, and Wearable), by End-User (Hospitals, and Homecare) Forecast Period (2022-2028)
The global digital diabetes management market is anticipated to grow at a significant CAGR of 19.6% during the forecast period. The increasing prevalence of diabetes has increased the growth of the digital diabetes management market globally. According to the International Diabetes Federation (IDF), in December 2021, approximately 537 million adults (20-79 years) were living with diabetes. Diabetes caused at least 966 billion dollars in health expenditure, 9% of total spending on adults. Moreover, advancements in technologies and adoption of cloud-based diabetes management solutions is further projected to create scope for the market growth. However, the high cost of digital devices and lack of availability of advanced technology in a developing country, restrain the growth of the digital diabetes management market.
Impact of COVID-19 Pandemic on Global Digital Diabetes Management Market
During COVID-19 there was a complete shutdown across the globe due to strict government rules and regulations to stop the spread of the virus. The manufacturing of non-essential products and devices was closed for some time due to which the global digital diabetes management market growth witnessed a negative impact during the COVID-19.
Segmental Outlook
The global digital diabetes management market is segmented based on the product, device type, and end-user. Based on the product, the market is segmented into smart glucometer, smart CGM, insulin patch pumps, and diabetes apps,. Among the product segment, smart CGM devices are expected to hold a prominent share in the global digital diabetes management market.Based on, the device type, the market is sub-segmented into the handheld and wearable. Further, based on end-user, the market is sub-segmented into hospitals and home care.
Global Digital Diabetes Management Market Share by Product, 2021 (%)
The Smart CGM Sub-Segment is Expected to Hold a Prominent Share in the Global Digital Diabetes Management Market
The smart CGM sub-segment is expected to hold a prominent share in the global digital diabetes management market. Continuous glucose monitoring (CGM) devices help you manage Type 1 or Type 2 diabetes with fewer fingerstick tests. CGM helps to track blood sugar levels 24 hours a day when you are wearing the device. Due to its easy-to-use quality and quick result features the demand and consumption for smart CGM increases which led to increasing in global digital diabetes management market growth. For instance, in November 2020, Medtronic launched the InPen device alongside integration with its Guardian Connect connected glucose monitoring (CGM) system. Medtronic's InPen is the only smart insulin pen cleared by the FDA for use by people requiring multiple daily injections.
Regional Outlooks
The global digital diabetes management market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, the North American region is expected to hold a prominent share in the global digital diabetes management market followed by the Asia-Pacific region.
Global Digital Diabetes Management Market Growth, by Region 2022-2028
The North American Region is Expected to Hold a Prominent Share in the Global Digital Diabetes Management Market
The North American region is expected to hold a prominent share in the global digital diabetes management market during the forecast period. The presence of diabetic population in the region has surged the demand for digital diabetes management solutions. According to the American Diabetes Association, 11.3% of the US population has diabetes and an estimated 8.5 million Americans are undiagnosed. The increased usage of smartphones and technology among adults has been the driving factor for digital diabetes management in this region. With smart glucometers, patients can instantly transfer the reading to their smartphones to easily store the data and can also share it with their doctors. According to Pew Research Center, 85% of US adults use a smartphone. Hence, the North American region is expected to hold a prominent share in the market.
Market Players Outlook
The major companies serving the global digital diabetes management market include Medtronic International Trading Sàrl, B. Braun Melsungen AG, Dexcom, Inc., F. Hoffmann-La Roche Ltd, Tandem Diabetes Care, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in The Dario All-In-One, Smart Glucose Meter is a glucose monitoring solution that includes a simple-to-use glucose meter, a disposable test strip cartridge holding 25 test strips, and a lancing device that easily fits in the pocket. Using the technology and mobility of the smartphone, the Dario connects to the mobile device and logs blood glucose measurements, allowing to share the results with doctors.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital diabetes management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Digital Diabetes Management Market
• Recovery Scenario of Global Digital Diabetes Management Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Medtronic International Trading Sàrl
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. B. Braun Melsungen AG
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Dexcom, Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. F. Hoffmann-La Roche Ltd.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Tandem Diabetes Care, Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Digital Diabetes Management Market by Product
4.1.1. Smart Glucometer
4.1.2. Smart CGM
4.1.3. Insulin Patch Pump
4.1.4. Diabetes Apps
4.2. Global Digital Diabetes Management Market by Device Type
4.2.1. Handheld
4.2.2. Wearables
4.3. Global Digital Diabetes Management Market by End-User
4.3.1. Hospitals
4.3.2. Homecare
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Hospitalsin
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Abbott Laboratories
6.2. ACON Laboratories, Inc.
6.3. AgaMatrix, Inc.
6.4. ARKRAY
6.5. Ascensia Diabetes Care Holdings AG
6.6. Azumio Inc.
6.7. Care Innovations, LLC
6.8. DarioHealth Corp.
6.9. decide Clinical Software GmbH
6.10. Emperra GmbH E-Health Technologies
6.11. Glooko, Inc.
6.12. H2 Inc. (Health2Sync)
6.13. Insulet Corp.
6.14. LifeScan
6.15. One Drop ? Informed Data Systems, Inc.
6.16. Pendiq GmbH
6.17. Tidepool Project
6.18. Ypsomed AG
1. GLOBAL DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL SMART GLUCOMETER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SMART CGM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL INSULIN PATCH PUMP MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DIABETES APPS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE, 2021-2028 ($ MILLION)
7. GLOBAL HANDHELD DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL WEARABLES DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DIGITAL DIABETES MANAGE MENTMARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
10. GLOBAL DIGITAL DIABETES MANAGEMENT IN HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION) Homecare
11. GLOBAL DIGITAL DIABETES MANAGEMENT IN HOMECARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN DIGITAL DIABETES MANAGEMENTMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN DIGITAL DIABETES MANAGEMENTMARKET RESEARCH AND ANALYSIS BY PRODUCT , 2021-2028 ($ MILLION)
15. NORTH AMERICAN DIGITAL DIABETES MANAGEMENTMARKET RESEARCH AND ANALYSIS BY DEVICE TYPE , 2021-2028 ($ MILLION)
16. NORTH AMERICAN DIGITAL DIABETES MANAGEMENTMARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
17. EUROPEAN DIGITAL DIABETES MANAGEMENTMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT , 2021-2028 ($ MILLION)
19. EUROPEAN DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE , 2021-2028 ($ MILLION)
20. EUROPEAN DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE , 2021-2028 ($ MILLION)
24. ASIA-PACIFIC DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
25. REST OF THE WORLD DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT , 2021-2028 ($ MILLION)
27. REST OF THE WORLD DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE , 2021-2028 ($ MILLION)
28. REST OF THE WORLD DIGITAL DIABETES MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DIGITAL DIABETES MANAGEMENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DIGITAL DIABETES MANAGEMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL DIGITAL DIABETES MANAGEMENT MARKET, 2022-2028 (%)
4. GLOBAL DIGITAL DIABETES MANAGEMENT MARKET SHARE BY PRODUCT , 2021 VS 2028 (%)
5. GLOBAL SMART GLUCOMETER MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SMART CGM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL INSULIN PATCH PUMP MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL DIABETES APPS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL DIGITAL DIABETES MANAGEMENT MARKET SHARE BY DEVICE TYPE , 2021 VS 2028 (%)
10. GLOBAL HANDHELD DIGITAL DIABETES MANAGEMENT FOR MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL WEARABLES DIGITAL DIABETES MANAGEMENT FOR MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL DIGITAL DIABETES MANAGEMENT MARKET SHARE BY END USER, 2021 VS 2028 (%)
13. GLOBAL DIGITAL DIABETES MANAGEMENT IN HOSPITALS MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL DIGITAL DIABETES MANAGEMENT IN HOMECARE MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL DIGITAL DIABETES MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
18. UK DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
22. HOSPITALSIN DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD DIGITAL DIABETES MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
