Digital Diabetes Management Market 2022-2028

Description

List of Tables

Global Digital diabetes management Market Size, Share & Trends Analysis Report by Product (Smart Glucometer, Smart CGM, Insulin Patch Pump, and Diabetes Apps), by Device Type (Handheld, and Wearable), by End-User (Hospitals, and Homecare) Forecast (2022-2028)

The global digital diabetes management market is anticipated to grow at a significant CAGR of 19.6% during the forecast period. The rising adoption of cloud-based technology in medical devices is driving the growth of the digital diabetes management market across the globe. The data and readings can be stored safely in the cloud and make it is to keep record and share with the doctor. For instance, in March 2022, Virta Health provides access to a dedicated virtual care team and structured education that makes it easy to understand the causes and cures of diabetes.

By combining innovations in nutritional biochemistry, data science, AI, and digital tools with clinical expertise, Virta brings together a unique blend of technology, physicians, and health coaches via an easy-to-use app that's powered by Google Cloud. Additionally, in May 2021, Ascensia Diabetes Care launched a diabetes management and analytics platform, dubbed GlucoContro.online. The tool can work with the company's existing Contour glucose meters and can capture data directly from the Contour Diabetes app or Contour cloud. The new platform is cloud-based and lets users open their browsers. Users are then able to share their data with clinicians and care teams.

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, diabetes apps, and data management software. 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. Based on the device type segment, wearable devices are expected to hold a considerable share in the global digital diabetes management market during the forecast period. Due to increased demand for wearable digital diabetes devices, many companies are expanding their product portfolio to help patients with diabetes management. For instance, in August 2021, Fitbit inked a deal with LifeScan to integrate its health tracking apps with the company's glucose monitoring devices to help patients with diabetes management. People managing diabetes will be able to sync the OneTouch Reveal and Fitbit apps so that OneTouch blood glucose data can be viewed alongside metrics tracked by Fitbit, giving people the choice to access their information across both apps.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to be the fastest-growing region during the forecast period in the global digital diabetes management market owing to rising awareness among the people regarding diabetes management. Also, the increasing government initiatives to create awareness of diabetes management are driving the growth of the digital diabetes management market in this region. Government organizes various campaigns to provide information and create awareness among the people. for instance, in October 2021, BeatO launches a diabetes awareness program 'India Beats Diabetes' in collaboration with Republic Media Network to empower people with diabetes to adopt a healthier lifestyle.

The major companies serving the global digital diabetes management market include Medtronic International Trading Sarl, 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 March 2022, DexCom, Inc. announced that it has secured CE Mark (Conformite Europeenne) for the Dexcom G7 Continuous Glucose Monitoring (CGM) System for people with diabetes in Europe aged two years and older, including pregnant women.

Research Methodology

The market study of the global digital diabetes management market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Digital Diabetes Management Market Research and Analysis by Product.

2. Global Digital Diabetes Management Market Research and Analysis by Device Type.

3. Global Digital diabetes management Market Research and Analysis by End-User.

The Report Covers:

Comprehensive Research Methodology of the global digital diabetes management market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global digital diabetes management market.
Insights about market determinants that are stimulating the global digital diabetes management market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026600

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 Sarl
- 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