Global Digital Diabetes Management Market 2019-2024: Increasing Penetration of Digital Platforms and Adoption of Mobile Apps for Diabetes Management
Feb 11, 2019, 09:00 ET
DUBLIN, Feb. 11, 2019 /PRNewswire/ --
The "Digital Diabetes Management Market by Product, Device Type, End User - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The digital diabetes management market is projected to reach USD 19.9 billion by 2024 from USD 6.8 billion in 2019, at a CAGR of 23.8%.
Factors such as the rising prevalence of diabetes, growing adoption of cloud-based enterprise solutions for diabetes management, increasing penetration of digital platforms and adoption of mobile apps for diabetes management, and technological advancements are driving the growth of the digital diabetes management market. However, high device costs and lack of reimbursement in developing countries and the higher acceptance of traditional diabetes management devices are expected to restrain market growth to a certain extent during the forecast period.
"Apps segment to witness the highest growth during the forecast period."
On the basis of product & service, the digital diabetes management market is segmented into devices, apps, data management software & platforms, and services. The apps segment is expected to register the highest CAGR during the forecast period. The high acceptance of mobile apps for remote monitoring is the major factor driving the growth of this market segment.
"Self/home healthcare end-user segment to register the highest CAGR during the forecast period."
On the basis of end user, the digital diabetes management market is segmented into self/home healthcare, hospitals & specialty diabetes clinics, and academic & research institutes. The self/home healthcare segment is expected to witness the highest CAGR owing to the launch of advanced diabetes management devices for self/home care and the shift of diabetes management from clinical settings to home care, self-administration, and remote monitoring.
"North America is projected to witness the highest growth during the forecast period."
North America is expected to witness the highest CAGR during the forecast period, owing to the high adoption of connected diabetes management devices and apps, growing demand for technologically advanced solutions such as closed-loop systems, high adoption of remote online coaching services for diabetes management, favorable reimbursement policies, increased acceptance of digital diabetes solutions from payers, rising awareness on self-diabetes management, and government initiatives to promote digital health.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Digital Diabetes Management Market Overview
4.2 Asia Pacific: Digital Diabetes Management Market, By Product & Service, By Country, 2018
4.3 Geographic Snapshot of the Digital Diabetes Management Market
4.4 Geographic Mix: Digital Diabetes Management Market
4.5 Digital Diabetes Management Market: Developing vs Developed Markets
5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Impact Analysis
5.3 Drivers
5.3.1 Increasing Prevalence of Diabetes
5.3.2 Technological Advancements
5.3.3 Growing Adoption of Cloud-Based Enterprise Solutions for Diabetes Management
5.3.4 Increasing Penetration of Digital Platforms and Adoption of Mobile Apps for Diabetes Management
5.4 Restraints
5.4.1 High Cost of Devices and Lack of Reimbursement in Developing Countries
5.4.2 Higher Acceptance of Traditional Diabetes Management Devices
5.5 Opportunities
5.5.1 Increasing Diabetes-Related Health Expenditure in Emerging Economies
5.6 Challenges
5.6.1 Low Penetration in Developing Economies
5.6.2 Lack of Data Security
6 Industry Insights
6.1 Industry Trends
6.1.1 Growing Demand for Hybrid Closed-Loop Systems/Artificial Pancreas Device Systems
6.1.2 Collaborations
6.1.3 Increasing Demand for Flash Glucose Monitoring (FGM) Systems
6.2 Regulatory Analysis
6.2.1 North America
6.2.1.1 US
6.2.1.2 Canada
6.2.2 Europe
6.2.3 Asia Pacific
6.2.3.1 Australia
6.2.3.2 Japan
6.2.3.3 China
6.2.3.4 India
6.2.4 Latin America
6.3 Reimbursement Scenario
6.4 Strategic Benchmarking
6.4.1 Digital Diabetes Management Devices and Services Market: Product Portfolio Analysis
6.4.2 Digital Diabetes Management Applications and Software/Platforms Market: Product Portfolio Analysis
7 Digital Diabetes Management Market, By Product & Service
7.1 Introduction
7.2 Devices
7.2.1 Smart Glucose Meters
7.2.1.1 Falling Prices and Technological Innovations to Drive the Growth of This Segment
7.2.2 Continuous Glucose Monitoring Systems
7.2.2.1 This Segment is Expected to Grow at the Highest CAGR During the Forecast Period
7.2.3 Smart Insulin Pens
7.2.3.1 Increasing Demand for Personalized Or Patient-Centric Devices Without Needle-Stick Injuries to Drive This Segment
7.2.4 Smart Insulin Pumps/Closed Loop Systems & Smart Insulin Patches
7.2.4.1 Benefits of Smart Insulin Pumps and Closed Loop Systems Such as Improved Glucose Control, Convenience, and Flexibility to Drive Market Growth
7.3 Digital Diabetes Management Apps
7.3.1 Diabetes & Blood Glucose Tracking Apps
7.3.1.1 Growing Adoption for Blood Glucose Tracking Apps and Increasing Awareness of Diabetes Among Patients is Driving Market Growth
7.3.2 Weight & Diet Management Apps
7.3.2.1 Growing Obese Population and the Increasing Need to Prevent Diabetes to Drive This Market
7.4 Data Management Software and Platforms
7.4.1 Growing Demand for the Management of Patient Data Generated From Diabetes Management Devices to Drive Market Growth
7.5 Services
7.5.1 Rising Global Adoption of Remote Online Coaching Services Among Diabetes Patients Drives the Growth of This Segment
8 Digital Diabetes Management Devices Market, By Type
8.1 Introduction
8.2 Wearable Devices
8.2.1 Wearable Devices to Contribute the Largest Share in 2019; This Trend is Expected to Continue During the Forecast Period
8.3 Handheld Devices
8.3.1 Increasing Demand for Remote Monitoring & Penetration of Smartphone-Connected Handheld Devices to Boost Market Growth
9 Digital Diabetes Management Market, By End User
9.1 Introduction
9.2 Self/Home Healthcare
9.2.1 High Cost of Inpatient Care has Fueled the Preference for Self/Home Care
9.3 Hospitals & Specialty Diabetes Clinics
9.3.1 Rising Demand for Poc Testing in Hospitals Boosts Market Growth in This Segment
9.4 Academic & Research Institutes
9.4.1 Increase in Pipeline Products & Product Innovation for Diabetes Management Enhanced the Market Growth of This Segment
10 Digital Diabetes Management Market, By Region
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Leadership Mapping, 2018
11.4 Vendor Inclusion Criteria
11.5 Vendor Dive
11.6 Competitive Situations and Trends
12 Company Profiles
12.1 Medtronic PLC
12.2 F. Hoffmann-La Roche
12.3 Dexcom, Inc.
12.4 Ascensia Diabetes Care Holdings Ag.
12.5 Abbott Laboratories
12.6 B. Braun Melsungen AG
12.7 Tidepool
12.8 Glooko, Inc.
12.9 Lifescan, Inc. (A Subsidiary of Johnson & Johnson)
12.10 Agamatrix, Inc.
12.11 Tandem Diabetes Care, Inc.
12.12 Insulet Corporation
12.13 Dariohealth Corporation
For more information about this report visit https://www.researchandmarkets.com/research/gkqkbb/global_digital?w=5
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