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Digital Diabetes Management Market Estimated To Flourish Due To Advent Of Artificial Intelligence In Diabetes Care Devices Till 2026 | Major Players Abbott Laboratories; Medtronic plc

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Digital Diabetes Management Market Estimated To Flourish Due To Advent Of Artificial Intelligence In Diabetes Care Devices Till 2026 | Major Players Abbott Laboratories; Medtronic plc

October 23
08:20 2019
Digital Diabetes Management Market Estimated To Flourish Due To Advent Of Artificial Intelligence In Diabetes Care Devices Till 2026 | Major Players Abbott Laboratories; Medtronic plc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The market is propelled by increasing number of product launches, coupled with innovation in technologies such as predictive analytics, Artificial Intelligence (AI), and Internet of Things (IoT).

According to a report,Digital Diabetes Management Market Size, Share & Trends Analysis Report By Product (Smart Glucose Meter, CBGM, Smart Insulin Pen, Smart Insulin Pump), By App, By Type, And Segment Forecasts, 2019 – 2026,” published by Grand View Research, Inc.,

The global digital diabetes management market size is expected to reach USD 26.4 billion by 2026, according to a new report by Grand View research, Inc., registering a 19.4% CAGR over the forecast period. The market is propelled by increasing number of product launches, coupled with innovation in technologies such as predictive analytics, Artificial Intelligence (AI), and Internet of Things (IoT).

Data analytics and artificial intelligence are now an integral part of digital solutions for diabetics. Artificial intelligence is gaining rapid attention in its ability to harness massive volumes of patient information. Digital diabetes management tools help patients analyze their glucose levels and pattern. They also help patients decide food intake and dosage of insulin. The number of smartphone apps for disease management has seen a monumental rise over the past few years, giving the market a major boost.

The market is further augmented by increasing prevalence of obesity, growing aged population, and rising awareness about diabetes preventive care. Moreover, increasing number of active users of smart devices and launch of new apps have allowed patients to monitor their blood glucose levels in real time. These apps also enable healthcare professionals to provide better patient outcomes. In May 2019, Roche Diabetes Care India introduced its Integrated Diabetes Management Solution (IDMS) program in India with the launch of Accu-Chek Instant blood glucose monitoring (BGM) system and the My Sugar app. The combination marks the entry of next-generation BGM systems. This is expected to propel product demand.

Request a sample Copy of the Digital Diabetes Management [email protected] https://www.grandviewresearch.com/industry-analysis/digital-diabetes-management-market/request/rs1

U.S. digital diabetes management market size, by product, 2015 - 2026 (USD Billion)

Further key findings from the report suggest:

  • Based on product, the continuous blood glucose monitoring segment dominated the market in 2018, accounting for a share of just under 40.0%. Smart insulin pens will emerge as the fastest growing segment, registering a CAGR of 22.0% over the forecast period

  • By type, wearable devices held the largest share in 2018 and is also likely to emerge as the fastest growing segment during the forecast period

  • On the basis of app, digital diabetes management apps accounted for the leading share in 2018 in terms of revenue. However, weight and diet apps are projected to exhibit the fastest growth through 2026

  • North America held the dominant market share in 2018 and will retain its lead throughout the forecast period. Favorable reimbursement policies, presence of key players, and supportive government initiatives have driven the regional market

  • Some of the prominent players are Abbott Laboratories; Medtronic plc; F. Hoffmann-La Roche Ltd; Bayer AG; Lifescan, Inc.; Dexcom, Inc.; Sanofi; Insulet Corporation; Ascensia Diabetes Care Holdings Ag; and B Braun Melsungen AG.

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Europe digital diabetes management market share, by type, 2018 (%)

Grand View Research has segmented the global digital diabetes management market on the basis of product, app, type, and region:

Digital Diabetes Management Product Outlook (Revenue, USD Million, 2015 – 2026)

  • Smart glucose meter

  • Continuous blood glucose monitoring system

  • Smart insulin pens

  • Smart insulin pumps

  • Apps

Digital Diabetes Management App Outlook (Revenue, USD Million, 2015 – 2026)

  • Digital Diabetes Management Apps

  • Weight & Diet Management Apps

Digital Diabetes Management Type Outlook (Revenue, USD Million, 2015 – 2026)

  • Wearable devices

  • Handheld devices

Digital Diabetes Management Regional Outlook (Revenue, USD Million, 2015 – 2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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