Product Code: r9097
“Digital Diabetes Management Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital diabetes management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for digital diabetes management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The digital diabetes management market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Product & Service: Devices; Application; Data Management Software & Platforms; Services
- 2) By Device Type: Handheld Devices; Wearable Devices
- 3) By End User: Self/Home Healthcare; Hospitals & Specialty Diabetes Clinics; Other End Users
- Companies Mentioned: Bayer AG; Medtronic Plc; Roche Diagnostics Ltd.; Dexcom Inc.; Abbott Laboratories
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Digital diabetes management involves the utilization of electronic healthcare solutions to remotely monitor, analyze, and oversee the well-being of individuals with diabetes or those at risk of developing the condition. Through the use of digital diabetes management, people can enhance their health outcomes by effectively self-managing their diabetes.
The primary categories of products and services within the field of digital diabetes management encompass devices, applications, data management software, and platforms, as well as various services. A data management platform (DMP) serves as a software tool for collecting and managing data, enabling companies to create distinct audience segments that can be leveraged to target specific individuals and settings in online advertising campaigns. Various device types, including handheld and wearable devices, find application across different sectors such as self or home healthcare, hospitals, specialty diabetes clinics, and other healthcare settings.
The digital diabetes management market research report is one of a series of new reports from The Business Research Company that provides digital diabetes management market statistics, including digital diabetes management industry global market size, regional shares, competitors with a digital diabetes management market share, detailed digital diabetes management market segments, market trends and opportunities, and any further data you may need to thrive in the digital diabetes management industry. This digital diabetes management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The digital diabetes management market size has grown exponentially in recent years. It will grow from $13.27 billion in 2023 to $16.23 billion in 2024 at a compound annual growth rate (CAGR) of 22.3%. The growth experienced during the historical period can be ascribed to several factors, including the increasing prevalence of diabetes, advancements in technology, the emergence of personalized healthcare, regulatory backing, and the expansion of telehealth and remote monitoring services.
The digital diabetes management market size is expected to see exponential growth in the next few years. It will grow to $37.4 billion in 2028 at a compound annual growth rate (CAGR) of 23.2%. The projected growth in the forecast period can be linked to several key factors, including the persistent diabetes epidemic, the integration of artificial intelligence (AI) and machine learning, advancements in data integration, and the evolution of remote care models. Prominent trends in the forecast period encompass continuous glucose monitoring (CGM), innovative insulin delivery systems, the proliferation of mobile applications and wearables, and a heightened focus on patient engagement and education.
The growing prevalence of diabetes is expected to drive the demand for digital diabetes management devices and associated services, thereby increasing the market's demand. Diabetes is a leading cause of death, with 30% of the reduction in life expectancy attributed to diabetes diagnosis. In 2021, the International Diabetes Federation reported that 537 million individuals (aged 20-79) worldwide had diabetes, and projections indicate that this number will increase to 643 million by 2030 and 783 million by 2045.
The rise in healthcare expenditures is predicted to fuel the growth of the digital diabetes management market. Healthcare expenditures encompass the total amount spent on healthcare-related services, products, and activities within a specified period, whether at an individual, community, national, or global level. The increased healthcare spending, combined with improved access to healthcare services and a growing number of diabetes diagnoses, leads to greater investments in research and development. This, in turn, results in the advancement of digital and advanced diabetes care devices, such as enhanced glucose monitoring systems, insulin delivery devices, and digital health solutions. For instance, in May 2023, the Office for National Statistics in the UK reported a 9.4% increase in nominal healthcare spending and a 9.7% increase in real terms. The total healthcare expenditure in the UK for 2021 was $367.25 billion (£280.7 billion), with pharmaceutical expenditure reaching $51.84 billion (£39.6 billion) in the same year. Spending on preventive care also more than doubled from the previous year, reaching $45.93 billion (£35.1 billion) in 2021. Consequently, the rising healthcare expenditure is expected to drive the growth of the digital diabetes management market.
One major challenge limiting the growth of the digital diabetes management market is data security. Data integrity and confidentiality are crucial for ensuring the safe operation of digital diabetes devices. A lack of accurate data flow and command execution can jeopardize the functioning of these devices, putting patients or users at risk of health complications. For example, according to the Hippa Journal, the Office for Civil Rights (OCR) of the Department of Health and Human Services (HHS) received 347 reports of healthcare data breaches involving 500 or more records between January 1, 2022, and June 30, 2022.
Several companies are placing increasing emphasis on designing AI-powered connected apps to enhance the user experience, a trend gaining significant popularity in the digital diabetes management market. Prominent companies in this market, such as OneDrop, Ascencia, and Dario, are shifting their focus towards making their products appear more like stylish gadgets rather than traditional medical devices. As an example, Medtronic plc and IBM Watson Health recently introduced the AI-powered Sugar.IQ smart diabetes management app, designed to simplify and enhance daily diabetes management.
Key players in the digital diabetes management market are also introducing innovative products to gain a competitive edge. The Dexcom ONE Continuous Glucose Monitoring System is a user-friendly, real-time continuous glucose monitoring solution that eliminates the need for painful fingerpricks. For instance, in April 2022, DexCom, Inc., a US-based company specializing in continuous glucose monitoring systems, launched the Dexcom ONE Continuous Glucose Monitoring System. This real-time CGM aims to be more cost-effective and accessible for individuals with diabetes in the UK and is currently undergoing review for inclusion in UK regional drug tariffs. The Dexcom ONE system, comprising a wearable sensor and transmitter, offers continuous glucose monitoring and sends real-time data to a compatible smart device through the user-friendly Dexcom ONE mobile app. This technology eliminates the need for painful fingerpricks and provides trend arrows for informed treatment decisions, along with customizable alerts to prevent dangerous glucose fluctuations.
In May 2023, Medtronic PLC, an Ireland-based medical technology company, acquired EOFLOW Co., Ltd. for $738 million. This acquisition enables Medtronic to establish an advanced closed-loop system for more automated diabetes management by combining tubeless devices with their continuous glucose monitors and meal-detection algorithm. EOFLOW Co., Ltd. is a South Korea-based provider of digital and smart wearable diabetes management solutions.
Major companies operating in the digital diabetes management market include Bayer AG, Medtronic PLC, Roche Diagnostics Ltd., Dexcom Inc., Abbott Laboratories, Ascensia Diabetes Care Holdings AG, Insulet Corporation, B. Braun Melsungen AG, Tandem Diabetes Care Inc., LifeScan Inc., AgaMatrix Inc., Glooko Inc., DarioHealth Corp, One Drop, Dottli Oy, Ypsomed Holding AG, ARKRAY Inc., ACON Laboratories Inc., Becton, Dickinson and Company, Care Innovations LLC, Health2Sync Inc., Emperra GmbH E-Health Technologies, Azumio Inc., Decide Clinical Software GmbH, pendiq GmbH Moers, Health Arx Technologies Pvt Ltd., Sanofi SA, Johnson & Johnson Co, Novo Nordisk AS, Terumo Corporation, TidePool, AgaMatrix Medical Devices Ltd.
North America was the largest region in the digital diabetes management market in 2023. Western Europe was the second largest region in the digital diabetes management market report. The regions covered in the digital diabetes management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the digital diabetes management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The digital diabetes management market consists of revenue generated by the companies offering devices and services that manage blood glucose levels in the human body. These devices play a vital role in the care of diabetes patients with the management of patients' blood glucose levels and controlling their conditions. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Digital Diabetes Management Market Characteristics
3. Digital Diabetes Management Market Trends And Strategies
4. Digital Diabetes Management Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Digital Diabetes Management Market Size and Growth
- 5.1. Global Digital Diabetes Management Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Digital Diabetes Management Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Digital Diabetes Management Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Digital Diabetes Management Market Segmentation
- 6.1. Global Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Devices
- Application
- Data Management Software And Platforms
- Services
- 6.2. Global Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Self And Home Healthcare
- Hospitals And Specialty Diabetes Clinics
- Other End Users
7. Digital Diabetes Management Market Regional And Country Analysis
- 7.1. Global Digital Diabetes Management Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Digital Diabetes Management Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Digital Diabetes Management Market
- 8.1. Asia-Pacific Digital Diabetes Management Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Digital Diabetes Management Market
- 9.1. China Digital Diabetes Management Market Overview
- 9.2. China Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Digital Diabetes Management Market
- 10.1. India Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Digital Diabetes Management Market
- 11.1. Japan Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.2. Japan Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Digital Diabetes Management Market
- 12.1. Australia Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Digital Diabetes Management Market
- 13.1. Indonesia Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Digital Diabetes Management Market
- 14.1. South Korea Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.2. South Korea Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Digital Diabetes Management Market
- 15.1. Western Europe Digital Diabetes Management Market Overview
- 15.2. Western Europe Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Digital Diabetes Management Market
- 16.1. UK Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Digital Diabetes Management Market
- 17.1. Germany Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Digital Diabetes Management Market
- 18.4. France Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.5. France Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Digital Diabetes Management Market
- 19.7. Italy Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.8. Italy Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Digital Diabetes Management Market
- 20.10. Spain Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.11. Spain Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Digital Diabetes Management Market
- 21.1. Eastern Europe Digital Diabetes Management Market Overview
- 21.2. Eastern Europe Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Digital Diabetes Management Market
- 22.1. Russia Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Digital Diabetes Management Market
- 23.1. North America Digital Diabetes Management Market Overview
- 23.2. North America Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Digital Diabetes Management Market
- 24.1. USA Digital Diabetes Management Market Overview
- 24.2. USA Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Digital Diabetes Management Market
- 25.1. Canada Digital Diabetes Management Market Overview
- 25.2. Canada Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Digital Diabetes Management Market
- 26.1. South America Digital Diabetes Management Market Overview
- 26.2. South America Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Digital Diabetes Management Market
- 27.1. Brazil Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Digital Diabetes Management Market
- 28.1. Middle East Digital Diabetes Management Market Overview
- 28.2. Middle East Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Digital Diabetes Management Market
- 29.1. Africa Digital Diabetes Management Market Overview
- 29.2. Africa Digital Diabetes Management Market, Segmentation By Product And Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Digital Diabetes Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Digital Diabetes Management Market Competitive Landscape And Company Profiles
- 30.1. Digital Diabetes Management Market Competitive Landscape
- 30.2. Digital Diabetes Management Market Company Profiles
- 30.2.1. Bayer AG
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Medtronic Plc.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Roche Diagnostics Ltd.
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Dexcom Inc.
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Abbott Laboratories
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
31. Global Digital Diabetes Management Market Competitive Benchmarking
32. Global Digital Diabetes Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Digital Diabetes Management Market
34. Digital Diabetes Management Market Future Outlook and Potential Analysis
- 34.1 Digital Diabetes Management Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Digital Diabetes Management Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Digital Diabetes Management Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer