Digital Diabetes Management Market Overview
The global digital diabetes management market is growing due to several factors such as the rising prevalence of diabetics drives the market growth with a rising geriatric population, sedentary lifestyle, and obesity. and novel technological advances. Diabetes is a metabolic disease that occurs due to high level of blood sugar levels. The result of either the pancreas does not produce enough insulin, or the body cannot effectively use the insulin it produces.
Digital Diabetes Management Market Dynamics and Trends
The digital diabetes management market is expected to grow significantly in the coming years, driven by the rising prevalence of diabetes and the development of new and innovative digital technologies.
The global prevalence of diabetes is increasing, with an estimated 463 million adults aged 20-79 living with the disease in 2021. This number is projected to reach 700 million by 2045. The aging population, sedentary lifestyle, and obesity are the main factors driving the rising prevalence of diabetes.
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Digital diabetes management technologies offer a number of advantages over traditional methods of diabetes management, such as self-monitoring of blood glucose (SMBG) and insulin injections. These technologies can help people with diabetes to better manage their blood glucose levels, which can reduce the risk of complications such as heart disease, stroke, and blindness.
Digital Diabetes Management Market Segmentation Analysis
By Product & Service
- Devices
- Digital Diabetes Management Apps
- Data Management Software & Platforms
- Others
By Device Type
- Handheld Devices
- Wearable Devices
By End User
- Self/Home Healthcare
- Hospitals & Specialty Diabetes Clinics
- Academic & Research Institutes
- Others
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Major Companies Covered
Medtronic Plc, F. Hoffmann-La Roche Dexcom, Inc., Abbott Laboratories, B. Braun Melsungen AG, Lifescan, Inc. (Subsidiary of Johnson & Johnson), and Agamatrix, Inc.
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