The digital diabetes management market is estimated to grow by USD 12.45 billion from 2021 to 2026, growing at a CAGR of 21.15%. The digital diabetes management market is set to record 20.33% of Y-O-Y growth rate in 2022 as per the latest market report by Technavio.
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Market Dynamics
Factors such as the rising global burden of diabetes and favorable government initiatives will be crucial in driving the growth of the market. But the stringent regulatory framework will restrict the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Company Profiles
The digital diabetes management market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The digital diabetes management market report provides complete insights on key vendors including Abbott Laboratories, B. Braun Melsungen AG, Intel Corp. Becton Dickinson and Co., DarioHealth Corp., Dassault Systemes SE, decide Clinical Software GmbH, Dexcom Inc., PHC Holdings Corp., and WaveForm Technologies Inc.
Few Companies with Key Offerings
- Abbott Laboratories - The company offers Freestyle Libre which is a sensor-based glucose monitoring system that comes with a reader and a sensor. The sensor is applied to the back of the patient upper arm and can be worn for up to 14 days. Simply swipe the reader over the sensor to get a complete picture of patient glucose levels.
- B. Braun Melsungen AG - The company offers an Omnitest app that can be used as a digital diabetes diary with any glucose meter, Patients can view diabetes data anywhere, anytime and it is easy to understand and analyze information.
- Intel Corp. - The company offers a digital diabetes management solution that helps diabetic patients to drive greater adherence and navigate towards improved outcomes.
- Becton Dickinson and Co. - The company offers a BD diabetes care app that offers the patient to understand the signs of progress in their disease journey.
- DarioHealth Corp. - The company offers a Smart Diabetes management app where the app was designed to monitor diabetic patients blood sugar, making it easier to see blood sugar trends, count carbs, and build healthy new habits according to results
Competitive Analysis
The competitive scenario provided in the digital diabetes management market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Type, the market is classified into wearable devices and hand-held devices.
- By Geography, the market is classified as North America, Europe, APAC, South America, and MEA.
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Digital Diabetes Management Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.15% |
Market growth 2022-2026 |
USD 12.45 billion |
Market structure |
Fragmented |
YoY growth (%) |
20.33 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 48% |
Key consumer countries |
US, Germany, France, China, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Abbott Laboratories, B. Braun Melsungen AG, Becton Dickinson and Co., DarioHealth Corp., Dassault Systemes SE, decide Clinical Software GmbH, Dexcom Inc., Intel Corp., PHC Holdings Corp., and WaveForm Technologies Inc |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio
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