Digital Diabetes Management Market Size is projected to reach USD 86.19 Billion by 2030, growing at a CAGR of 19.2%: Straits Research – GlobeNewswire

October 06, 2022 12:15 ET | Source: Straits Research Straits Research
Pune, INDIA
New York, United States, Oct. 06, 2022 (GLOBE NEWSWIRE) — Patients can control their condition and manage it themselves with the help of the digital diabetes management system. Digital diabetes monitoring systems comprise hardware, mobile apps, and a sizable cloud computing infrastructure. A “smart glucose monitor” is a wireless blood glucose monitor that measures and transmits blood glucose data to an iOS or Android-powered mobile device. The anytime, anywhere nature of digital technology enables patients to address their health issues by connecting with the healthcare team and sharing data. The increasing need for a digital ecosystem of data-driven tools that can connect patients and their care team for better management of diabetes drives the market growth.


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Technological Advancements and an Increasing Prevalence of Diabetes Drives the Global Market
The development of sensor-based CGM technology, implantable digital diabetes management devices, and smartphone-based diabetes management devices are a few examples of the significant technological advancements in diabetes care that the medical device industry has seen. Advanced technological systems have increased the ability to manage diabetes and made it feasible to establish tight control while enabling patients, children, and families with a more flexible schedule and food. Currently available digital diabetes care options are competitive with their analog counterparts, such as prefilled syringes, glucose meters, test strips, and insulin pumps. The World Health Organization predicted that diabetes will be the seventh-largest cause of mortality at the end of 2030. Stress, sedentary lives, bad diets, and obesity are the key risk factors for developing diabetes. Changes in physiology associated with aging also contribute significantly to developing diabetes. According to diabetes prevalence estimates, the prevalence of diabetes increases with age.
Artificial Intelligence Implementation in Diabetes Care Equipment Creates Tremendous Opportunities
AI is a rapidly developing field, and its use in diagnosing and treating diabetes has completely changed how this long-term illness is handled. Predictive algorithms for the likelihood of developing diabetes and its complications have been created using machine learning principles. Digital therapeutics have proven to be an effective lifestyle treatment intervention for the control of diabetes. Patients are increasingly empowered for diabetic self-management, and clinical decision support benefits patients and healthcare professionals. Technological advancements have helped to optimize diabetes resource utilization. These sensible technological innovations have improved glycemic management, decreased fasting and postprandial glucose levels, glucose excursions, and glycosylated hemoglobin.


Report Scope
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Regional Analysis
North America will dominate the market due to the proliferation of smart consumer devices and the development of AI-based services. In addition, the region is in the subsequent phase of the digital transformation of concepts such as the IoT, big data, machine learning, and robotics. Asia-Pacific is anticipated to have exponential growth over the forecast period due to introducing new products and a considerable diabetes population.


Key Highlights


Competitive Players in the Global Digital Diabetes Management market


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Global Digital Diabetes Management Market: Segmentation
By Product
By App
By Type
Regional


TABLE OF CONTENT


Table of Content and Figure @ https://straitsresearch.com/report/digital-diabetes-management-market/toc


Market News


News Media
Diabetes Devices Market Size Worth USD 30,412.19 million by 2030

Increasing Prevalence Of Diabetes, Due To Lifestyle And Dietary Changes, To Drive Market Growth



Have a Look at the Related Research Report
Diabetes Care Devices Market: Information by Monitoring Devices (Self-monitoring Blood Glucose Device), Management Devices (Insulin Syringes, Jet Injectors), and Region — Forecast till 2030
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Diabetes Supplement Market: Information by Supplements Types (Vitamins, Artificial Sweeteners), Distribution Channel (Hospital Pharmacies, Retail Pharmacies), Dosage Forms—Forecast Till 2030
Diabetes Management Market: Information by Device Type (Diagnostic Devices, Monitoring Devices) and Therapeutics Type (Injectables and Oral), and Region — Forecast till 2029


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