The Global Digital Diabetes Management Market Growth Accelerated By Increasing Prevalence Of Diabetes
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| Digital Diabetes Management Market |
Digital diabetes management products provide non-invasive monitoring and control of diabetes through digital health tools like glucose monitors, insulin pumps and apps. They help manage blood glucose levels more efficiently through continuous monitoring, tracking of food & activity and analysis of patterns.
The global Digital Diabetes Management Market is estimated
to be valued at US$ 9.31 Bn in 2023
and is expected to exhibit a CAGR of
6.2% over the forecast period 2023 to 2030, as highlighted in a new report
published by Coherent Market Insights.
Market key trends:
The increasing prevalence of diabetes across the globe is one of the key
factors driving the growth of the digital diabetes management market. As per
International Diabetes Federation estimates, around 537 million adults were
living with diabetes in 2021 worldwide and the number is projected to rise to
643 million by 2030 and 783 million by 2045. The growing diabetic population is
generating a high demand for digital self-monitoring tools that improve
diabetes control and management on a regular basis. Furthermore, increasing
adoption of digital health tools and remote monitoring services amid COVID-19
pandemic has also accelerated the growth of digital diabetes management market
over the forecast period.
Segment Analysis
The global digital diabetes management market can be segmented based on
product type, end user and distribution channel. Among product types, the
glucose monitoring devices segment dominates the market. With continuous
glucose monitoring devices, patients can monitor their blood glucose levels
without multiple finger pricks, giving valuable insights into fluctuations
throughout the day. This helps patients and doctors optimize treatment plans
for better management.
Key Takeaways
The Global
Digital Diabetes Management Market Scope is expected to witness high over
the forecast period. The global Digital Diabetes Management Market is estimated
to be valued at US$ 9.31 Bn in 2023 and is expected to exhibit a CAGR of 6.2%
over the forecast period 2023 to 2030.
North America region currently dominates the market
due to factors such increasing prevalence of diabetes and growing adoption of
advanced digital solutions for managing diabetes. However, the Asia Pacific
region is expected to be the fastest growing market in the coming years due to
growing awareness and improving healthcare infrastructure in emerging
countries.
Get more insights on this topic: https://www.trendingwebwire.com/digital-diabetes-management-market-size-and-share-analysis-growth-trends-and-forecasts-2023-2030/
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