Digital Diabetes Management Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Digital Diabetes Management Market By Product (Smart glucose meter, Continuous blood glucose monitoring system, Smart insulin pens, Smart insulin pumps, and apps), By App (Digital diabetes management app and Weight & diet management app), By Device type (Handheld device and Wearable device), By End user (Self/Home healthcare, Hospitals & specialty diabetes clinics, and Academic & Research institutes) and Geography

 

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Report

Description

The Global Digital Diabetes Management Market was valued at US$ 7.3 billion in 2020 and is anticipated to grow at US$ 20.10 billion by 2027 recording a CAGR of 23.9% during the forecast period 2021-2027. Patients can use the digital diabetes management system to improve self-management and control of their condition. One of the key obstacles in managing diabetes is lowering blood glucose levels and maintaining them, which drives up use of these systems. Digital involvement can help individuals with diabetes types 1 and 2 get the care they need. Diabetes monitoring hardware, mobile applications, and big data cloud computing infrastructure make up digital diabetes devices. The term “smart glucose monitor” refers to a wireless blood glucose monitor that measures and transmits blood glucose data to an iOS or Android mobile device. The digital diabetes management market is being driven by the availability of many apps on web-based app stores that can assist patients monitor their blood glucose levels, rising technical breakthroughs and innovations in the sector, and the global growth in diabetes prevalence. The ability of patients to address their health issues by connecting with their healthcare team and sharing data, as well as the growing demand for a digital ecosystem of data-driven tools that can connect patients and their care team for better diabetes management, are driving the growth of the market. The digital diabetes management market is influenced by the increased acceptance of cloud-based enterprise solutions for diabetes management, the advent of digital platforms, the adoption of mobile apps for diabetes management, and the widespread usage of smartphones among consumers. Furthermore, the market is influenced favourably by the growing elderly population, rising disease incidence, changing lifestyles and poor eating habits, rising obesity population, increased awareness, and increased healthcare spending. Strict regulations related to the approval of applications and devices, however, can impede market development.Stress, sedentary lifestyles, poor diets, and obesity are the main risk factors for diabetes. Physiological changes due to ageing are also a major contributor to the risk of diabetes. For instance, the global population aged 60 and over grew from 962 million in 2017 to 1.9 billion in 2045, according to the World Population Aging Report 2017. Nevertheless, the prevalence of diabetes for people over the age of 60 in 2017 is 18.5%. The number of elderly people with diabetes is projected to grow to around 177.4 million in 2017 and to 337.8 million in 2045. The rising geriatric population, coupled with increasing population exposure to key risk factors, is therefore expected to drive demand across major markets for digital diabetes management solutions.

 


Digital Diabetes Management Market

MARKET SUMMARY
-
23.9%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 23.9%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Digital Diabetes Management Market

  • The report on global digital diabetes management market gives historical, current and future market size (US$ Bn) on the basis of product, app, device type, end user, and geography.
  • This study analyses the global digital diabetes management market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market.
  • In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs.
  • On June 15, 2020, Abbott Laboratories has received FDA clearance for its new continuous glucose meter, which is Freestyle Libre2. This device is another challenger in the growing market for CGM.
  • On February 19, 2020, Dexcom collaborates with DreaMed to couple Dexcom continuous glucose monitors, and the DreaMed Advisor is a digital solution that generates insulin delivery by investigating information from continuous glucose monitoring self-monitoring blood glucose and insulin delivery devices.
  • On April 30, 2020. Roche Diagnostics has announced free access for mySugr Pro app in assisting millions of people who have diabetes to maintain their personalized daily diabetes during COVID-19 crisis.
Market Key Players
  • Medtronic
  • Braun
  • Dexcom
  • Abbott Laboratories
  • Roche Diagnostics
  • Insulet Corporation
  • Tandem Diabetes Care
  • Ascensia Diabetes Care
  • LifeScan
  • AgaMatrix
Growth

Digital Diabetes Management Market

The rising geriatric pool, government initiatives, self-care demand, and high diabetes prevalence are major factors driving market growth. Market growth has been powered by a growing number of product launches in conjunction with the integration of artificial intelligence and data analytics. Increased understanding of preventive care and the prevalence of obesity may lead to a greater rise in the demand for digital applications for diabetes management.


North-America Got Significant Share

Digital Diabetes Management Market

Global digital diabetes management market report provide a comprehensive outlook on digital diabetes management worldwide with specific focus on key region such as North America, Europe, Asia Pacific, Latin America and MEA. Because of the adoption of technologically advanced technologies, favorable government schemes, and initiatives to support public health, the North America is touted to lead the global digital diabetes management market until the end of the forecast period. Diabetes awareness and mobile application creation can drive regional market demand. Regional development is marked by mergers, acquisitions, and the introduction of new goods. For example, for the creation of a digital health platform, Abbott and Dexcom have agreed to join hands with Insulet. Because of product launches and combination indicates the introduction of next-generation BGM systems in the area, Asia-Pacific is predicted to grow at the quickest rate during the projection period of 2021 to 2027.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Digital Diabetes Management Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Digital Diabetes Management Market Introduction
    • Global Digital Diabetes Management Market – Taxonomy
    • Global Digital Diabetes Management Market –Definitions
      • By Product
      • By App
      • By Device Type
      • By End Use
      • By Region
  1. Global Digital Diabetes Management Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Digital Diabetes Management Market Dynamic Factors – Impact Analysis
    • Global Digital Diabetes Management Market – Competition Landscape
  2. Global Digital Diabetes Management Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Digital Diabetes Management Market, By Product, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Smart glucose meters
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Continuous blood glucose monitoring system
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart insulin pens
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart insulin pumps
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Apps
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Digital Diabetes Management Market, By App, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Digital diabetes management apps
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Weight & diet management apps
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Digital Diabetes Management Market Forecast, By Device Type, 2015 – 2019 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Handheld devices
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Wearable devices
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Digital Diabetes Management Market Forecast, By End Use, 2015 – 2019 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Self/Home healthcare
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hospitals & Specialty Diabetes Clinics
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Academic & Research Institutes
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Digital Diabetes Management Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Digital Diabetes Management Market – Opportunity Analysis Index, By Product, By App, By Device Type, By End Use, and Region, 2020 – 2026
  2. North America Digital Diabetes Management Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart glucose meters
      • Continuous blood glucose monitoring system
      • Smart insulin pens
      • Smart insulin pumps
      • Apps
    • App Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Digital diabetes management apps
      • Weight & diet management apps
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Handheld devices
      • Wearable devices
    • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Self/Home healthcare
      • Hospitals & Specialty Diabetes Clinics
      • Academic & Research Institutes
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Digital Diabetes Management Market – Opportunity Analysis Index, By Product, By App, By Device Type, By End Use, and Country, 2020 – 2026
    • North America Digital Diabetes Management Market Dynamics – Trends
  3. Europe Digital Diabetes Management Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart glucose meters
      • Continuous blood glucose monitoring system
      • Smart insulin pens
      • Smart insulin pumps
      • Apps
    • App Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Digital diabetes management apps
      • Weight & diet management apps
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Handheld devices
      • Wearable devices
    • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Self/Home healthcare
      • Hospitals & Specialty Diabetes Clinics
      • Academic & Research Institutes
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Digital Diabetes Management Market – Opportunity Analysis Index, By Product, By App, By Device Type, By End Use, and Country, 2020 – 2026
    • Europe Digital Diabetes Management Market Dynamics – Trends
  4. Asia-Pacific Digital Diabetes Management Market Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart glucose meters
      • Continuous blood glucose monitoring system
      • Smart insulin pens
      • Smart insulin pumps
      • Apps
    • App Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Digital diabetes management apps
      • Weight & diet management apps
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Handheld devices
      • Wearable devices
    • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Self/Home healthcare
      • Hospitals & Specialty Diabetes Clinics
      • Academic & Research Institutes
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Digital Diabetes Management Market – Opportunity Analysis Index, By Product, By Device Type, By App, By End Use, and Country, 2020 – 2026
    • Asia-Pacific Digital Diabetes Management Market Dynamics – Trends
  5. Latin America Digital Diabetes Management Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart glucose meters
      • Continuous blood glucose monitoring system
      • Smart insulin pens
      • Smart insulin pumps
      • Apps
    • App Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Digital diabetes management apps
      • Weight & diet management apps
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Handheld devices
      • Wearable devices
    • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Self/Home healthcare
      • Hospitals & Specialty Diabetes Clinics
      • Academic & Research Institutes
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Digital Diabetes Management Market – Opportunity Analysis Index, By Product, By App, By Device Type, By End Use, and Country, 2020 – 2026
    • Latin America Digital Diabetes Management Market Dynamics – Trends
  6. Middle East and Africa Digital Diabetes Management Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart glucose meters
      • Continuous blood glucose monitoring system
      • Smart insulin pens
      • Smart insulin pumps
      • Apps
    • App Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Digital diabetes management apps
      • Weight & diet management apps
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Handheld devices
      • Wearable devices
    • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Self/Home healthcare
      • Hospitals & Specialty Diabetes Clinics
      • Academic & Research Institutes
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Digital Diabetes Management Market – Opportunity Analysis Index, By Product, By Device Type, By End Use, and Country, 2020 – 2026
    • MEA Digital Diabetes Management Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Device Type & Device Type Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Medtronic
      • Braun
      • Dexcom
      • Abbott Laboratories
      • Roche Diagnostics
      • Insulet Corporation
      • Tandem Diabetes Care
      • Ascensia Diabetes Care
      • LifeScan
      • AgaMatrix
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Medtronic
  • Braun
  • Dexcom
  • Abbott Laboratories
  • Roche Diagnostics
  • Insulet Corporation
  • Tandem Diabetes Care
  • Ascensia Diabetes Care
  • LifeScan
  • AgaMatrix

Description

The Global Digital Diabetes Management Market was valued at US$ 7.3 billion in 2020 and is anticipated to grow at US$ 20.10 billion by 2027 recording a CAGR of 23.9% during the forecast period 2021-2027. Patients can use the digital diabetes management system to improve self-management and control of their condition. One of the key obstacles in managing diabetes is lowering blood glucose levels and maintaining them, which drives up use of these systems. Digital involvement can help individuals with diabetes types 1 and 2 get the care they need. Diabetes monitoring hardware, mobile applications, and big data cloud computing infrastructure make up digital diabetes devices. The term “smart glucose monitor” refers to a wireless blood glucose monitor that measures and transmits blood glucose data to an iOS or Android mobile device. The digital diabetes management market is being driven by the availability of many apps on web-based app stores that can assist patients monitor their blood glucose levels, rising technical breakthroughs and innovations in the sector, and the global growth in diabetes prevalence. The ability of patients to address their health issues by connecting with their healthcare team and sharing data, as well as the growing demand for a digital ecosystem of data-driven tools that can connect patients and their care team for better diabetes management, are driving the growth of the market. The digital diabetes management market is influenced by the increased acceptance of cloud-based enterprise solutions for diabetes management, the advent of digital platforms, the adoption of mobile apps for diabetes management, and the widespread usage of smartphones among consumers. Furthermore, the market is influenced favourably by the growing elderly population, rising disease incidence, changing lifestyles and poor eating habits, rising obesity population, increased awareness, and increased healthcare spending. Strict regulations related to the approval of applications and devices, however, can impede market development.Stress, sedentary lifestyles, poor diets, and obesity are the main risk factors for diabetes. Physiological changes due to ageing are also a major contributor to the risk of diabetes. For instance, the global population aged 60 and over grew from 962 million in 2017 to 1.9 billion in 2045, according to the World Population Aging Report 2017. Nevertheless, the prevalence of diabetes for people over the age of 60 in 2017 is 18.5%. The number of elderly people with diabetes is projected to grow to around 177.4 million in 2017 and to 337.8 million in 2045. The rising geriatric population, coupled with increasing population exposure to key risk factors, is therefore expected to drive demand across major markets for digital diabetes management solutions.

 

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