Global digital diabetes management market is projected to register a healthy CAGR of 17.8% in the forecast period of 2019 to 2026.
Global Digital Diabetes Management market research report really acts as a backbone for every business that aspires to thrive in the market. Competitive analysis carried out in this Global Digital Diabetes Management report gives a clear-cut idea about the moves of the key players in the market such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. All the statistical data including facts and figures that are included in this Global Digital Diabetes Management report is represented by using several charts, graphs or tables. This first-class Global Digital Diabetes Management market research report has been built by skilful and experienced team players who work hard to achieve an absolute growth and success in the business.
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Some of the major players operating in this market:
are Abbott, PHC Holdings Corporation, WellDoc, Inc, Sanofi, Dexcom, Inc, DarioHealth, Medtronic, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd,Insulet Corporation, Tandem Diabetes Care, Lifescan, Inc, Agamatrix, Inc, Glooko, Inc, GlucoMe, Becton, Dickinson and Company, Azumio, Diabnext, Voluntis, Smart Meter LLC. among others.
RISING NUMBER OF GERIATRIC POPULATION:
The world geriatric population continues to growing. According to the National Institute of Health, approximately 617 million (8.50%) people are aged 65 and over. The percentage of geriatric population will increase by 17.00% of the world population by 2025. Many countries in Europe and Asia have higher geriatric population.
With the increasing geriatric population in the world wide, there is also a rise in the population suffering from also rising chance of diabetes among them. Rising geriatric population also play an important role by increasing the demand for digital diabetes software among the customers which will fuel the growth of market as well as companies are attracting to launch new products in the market.
RECALL OF DEVICES:
The recall of digital diabetes apps has impacted the growth of digital diabetes management market. Regulatory authorities recall the digital diabetes apps due to health safety issue. Every country has their own regulatory authorities which is responsible for monitoring the regulation of health care related product. Some of these agencies including FDA (Food Drug Administration), EMEA (European Medicines Agency), MHLWA (Ministry of Health, Labour and Welfare) and others.
In 2018, Mindfire device mHealth App recall which was used to identify the level of insulin injected in diabetes patient by FDA due to safety with accuracy of digital health devices and drug dosage apps.
On the basis of product and services, the global digital diabetes management market is segmented into devices, digital diabetes management apps, data management software and platforms, services. In 2019 devices segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
On the basis of type, the market is segmented into wearable devices, handheld devices. In 2019, medical application segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
On the basis of end users, the market is segmented into home care settings, diabetes clinics, academic & research institutes, others. In 2019, home care settings segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
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