The Global Digital Diabetes Management Market was valued at USD 6.9 Bn in 2020 and is expected to reach USD 30.7 Bn by 2027, with a growing CAGR of 23.9% during the forecast period.
Global Digital Diabetes Management Market Definition
Digital diabetes is defined as the process of managing diabetes using smart sensors and mobile apps for monitoring glucose level in the body. Digital healthcare platform helps to gather data to improve the outcomes of the diabetes. Digital diseases are managed by devices, applications, software and services. Adoption of digital technologies such as smart insulin pumps, CGM, bluetooth-enabled meters help to manage diabetes and enables patients to address and manage severity of disease by connecting with healthcare team and sharing real-time data.
Global Digital Diabetes Management Market Dynamics
The driving factors influencing the global digital diabetes management market include increase in adoption of cloud-based solution for healthcare management and penetration of digital platforms in diabetes care. For instance, GlucoMe™ (Israle, ME) a digital diabetes platform helps to manage and measure glucose level automatically by the GlucoMe Smart Glucose Monitor. Through this app, data can be easily transferred to the physicians and patient’s smart phone that will be stored in the GlucoMe mobile app which would be analyzed by the cloud-based digital diabetes clinic. Such an emerging digital platform for the diabetes management is expected to boost the growth of digital diabetes management demand in the market during the forecast period. Furthermore, rising prevalence of chronic diseases such as diabetes and growing adoption of better solutions for diabetes care are expected to trigger the digital diabetes management demand during the forecast period. For instance, diabetes, being an epidemic disease, is estimated to affect more than ~400 Mn people worldwide. WHO (World Health Organization) projects that diabetes will be the 7th leading cause of death by the forecast period. Such rising diabetes cases are expected to trigger the digital diabetes management demand in the market during the forecast period.
On the contrary, lack of clinically validated data and issues related to data security is expected to hinder the growth of digital diabetes management demand in the market during the forecast period. For instance, 2020 proved to be an awful year for healthcare data breaches. More than 600 data violations of almost 500 records were reported to the Department of Health and Human Services office for civil rights. Approximately 2 Mn healthcare records were exposed during this period. Such growing data disruption is expected to hinder the growth of digital diabetes management demand during the forecast period.
Global Digital Diabetes Management Market Segmentation:
By Product & Services
By Device
By End User
By Region
Company Profiles and Competitive Intelligence
The key players operating in the digital diabetes management market are:
Based on product and services, devices segment is expected to hold the largest market share during the forecast period owing to increase in desirable insulin monitoring devices and software
Based on products and services, digital diabetes management market is broadly segmented into devices, applications, data management software, and services. Furthermore, devices segment is broadly sub-segmented into smart insulin pens, smart insulin pumps, continuous glucose monitoring system, and smart glucose meters. Device segment is expected to dominate the market during the forecast period due to growing demand for wireless diabetes care devices and rising acceptance of smart insulin delivering devices across the globe. Growing innovation for accurate dosing devices and increasing diabetic cases across the globe is expected to boost the digital diabetes management demand in the market during the forecast period. For instance, Roche (Switzerland) launched new Accu-Check instant system and innovative connect with blood glucose monitoring system which is expected to support the product portfolio of integrated personalised diabetes management approach. Accu-Check app hold Bluetooth connectivity to the mySugr app that would allow wireless transfer blood glucose results on the app. The data of mySugr is expected to be shared with healthcare professionals via Roche Diabetes Care Platform. Such products launch paves the way for the expansion of availability of digital diabetes care product in the digital diabetes management market during the forecast period.
Based on device, wearable devices segment is expected to dominate the market during the forecast period due to ease of accessibility and increasing behavioural interventions of people at their place
Based on device, digital diabetes management market is segmented into wearable and handheld devices. Wearable devices held largest market share in 2020 due to increased inclination of diabetic population towards wearables diabetes devices. Moreover, wearable devices segment is expected to hold largest market share owing to rise in scalability and the ability to test anywhere during the forecast period. Furthermore, integration of healthcare with internet of things and medical wearables helps to control & keep track on blood glucose level. For instance, widely used wearable diabetes devices such Dexcom G6 CGM System, a small wearable sensor that transmit glucose numbers to a smart device and V-GO, a product of Valeritas (Bridgewater, NJ) a disposable insulin pump that is worn on the skin provide supply of insulin at defined rate. Such invention of innovative wearable diabetes devices is expected to enhance the devices portfolio of Med-Tech companies in the digital diabetes management market across the globe during the forecast period.
Based on region, North America is expected to contribute highest to the market share during the forecast period due to continuous rising number of diabetic cases and high acceptance of technologically advanced monitoring devices
Based on region, North America held the largest market share in 2020 due to established quality of diabetes management system and presence of large pool of diabetic patients. Moreover, increase in healthcare infrastructure, strong government support in terms of funding & grants for research & development, and favourable reimbursement policies are expected to leverage the digital diabetes management demand during the forecast period. In addition, increase in penetration of technology and software in medical devices and rise in public acceptance for smart diabetes monitoring devices are expected to propel the growth of digital diabetes management during the forecast period. For instance, according to the American Diabetes Association, 2018, ~35 Mn Americans had diabetes and nearly ~1.6 Mn Americans has type-1 diabetes including 190,000 children and adolescents. About 27% of diabetic affected population belongs to the age group of 65 years. Rising prevalence of diabetes into American population leads to increase in adoption of digital diabetes devices that fuels the growth of digital diabetes management market during the forecast period.
The report also provides in-depth analysis of digital diabetes management market dynamics such as drivers, restraints, opportunities, and challenges
Drivers
Restraints
Opportunity
Challenges
COVID-19 Impact on the Digital Diabetes Management Market Analysis
Covid-19 has created havoc for the global health system. Diabetic patients have significantly affected by the pandemic situation due to decrease in conventional type of consultation by face-to-face which may result in higher risk of covid-19 exposure. Diabetic population developed inclination towards self-diabetes monitoring devices and software. This led to increase in adoption of digital diabetes management demand for the software and smart insulin apps across the globe. Decrease in number of patients visits in the hospitals led to increase in adoption of mobile apps for digital diabetes management market for the health monitoring. Sudden covid-19 outbreak has increased the importance of self-monitoring and self- dosing medical devices. However, due to lockdown, manufacturing of medical devices and supply chain had diversly affected the growth of digital diabetes management demand across the globe.
The report also provides an in-depth analysis of key trends in Digital Diabetes Management market
| Sr. No. | Trends | Impact |
| 1 | Growing development for more design-focused diabetes app for patient care is expected to drift the attention of manufacturing companies | Positive |
| 2 | Implication of clinically driven solutions for digital diabetes care to develop patient’s conviction towards digital apps and software | Positive |
| 3 | Exploitation of patients personal data | Negative |
The report also provides an in-depth analysis of recent news developments and investments
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