Digital Diabetes Market Worth $12.03 Billion by 2025, Says Meticulous Research®
The global digital diabetes market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2025
LONDON, March 20, 2019 (Newswire.com) - According to this latest publication from Meticulous Research®, the global digital diabetes market is expected to grow at a CAGR of 21.7% from 2018 to reach $12.03 billion by 2025. The growth of this market is mainly attributed to rising number of diabetic patients, increasing penetration of smartphones, technological advancements in diabetes devices, and growing funding for diabetes. However, high cost of devices and poor reimbursement scenario is expected to hinder the growth of this market in the coming years.
On the basis of type, the digital diabetes devices market is segmented into devices, software and apps. The devices segment accounted for the largest share of the global digital diabetes management market in 2018. The large share and high growth of this market is mainly attributed to growing diabetic population, increasing adoption of diabetes devices, and increasing awareness about diabetes in emerging countries. In the report, devices are sub-segmented into CGM systems, insulin pumps, SMBG systems, and insulin pens.
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Diabetes management apps segment is expected to grow at higher CAGR during forecast period. The high growth of this segment is mainly attributed to increasing penetration of smartphones across the globe, growing awareness about diabetes management apps, and increasing funding for diabetes management apps.
On the basis of end user, the digital diabetes devices market is segmented into home care and hospitals. Home care segment accounted for the largest share of the global digital diabetes market in 2018. The large share and high growth of this market is mainly attributed to increased awareness about diabetes and diabetes devices & apps and growing development and adoption of home care devices.
On the basis of geography, the digital diabetes market is sub-segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the global digital diabetes market in 2018. Some of the major factors influencing the growth of this market are the increasing prevalence of the disease, growing adoption of advance diabetes care devices, accessibility to technologies, and presence of well-established distribution channels of the major players in this region.
The Asia-Pacific digital diabetes market is expected to grow at higher CAGR during the forecast period. Factors such as high pool of diabetic patients, increasing healthcare expenditure, and growing focus of key players towards this region are driving this market.
The key players operating in the global digital diabetes market are Lifescan, Roche, Medtronic, Ascensia Diabetes Care, Tandem Diabetes Care, Dexcom, SocialDiabetes, One drop, H2 Inc, Dottli, Abbott Laboratories, Ypsomed holding AG, ARKRAY Inc, and Insulet Corporation.
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Key Topics Covered in This Report:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Industry Analysis
6 Global Digital Diabetes Market, by Product
7 Global Digital Diabetes Market, by End User
8 Digital Diabetes Market, by Geography
9 Competitive Landscape
10 Company Profiles (Business Overview, Financial Overview, Product & Service Portfolio, Strategic Developments)
10.1. LifeScan, Inc.
10.2. Roche AG
10.3. Medtronic
10.4. Ascensia Diabetes Care.
10.5. Tandem Diabetes Care, Inc.
10.6. Dexcom, Inc.
10.7. SocialDiabetes
10.8. One Drop.
10.9. H2 Inc.
10.10. Dottli
10.11. Abbott Laboratories
10.12. Ypsomed Holding AG
10.13. ARKRAY, Inc.
10.14. Insulet Corporation
10.15. ACON Laboratories, Inc.
11 Appendix
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Source: Meticulous Market Research Pvt. Ltd.