The global digital diabetes management market is anticipated to grow at a significant CAGR of 19.6% during the forecast period (2022-2028). Artificial intelligence and machine learning are transforming the healthcare industry and contributing to the development of healthcare infrastructure due to which the global digital diabetes management market witnesses growth during the forecast period. The increased use of artificial intelligence in diabetes care devices is contributing to the growth of the global digital diabetes management market. The technological advancement and increased implementation of artificial intelligence in medical devices is driving the growth of the market during the forecast period.
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Due to the increased demand for artificial intelligence technology in medical devices, many companies are upgrading their products and introducing new AI-powered tools to survive in the increasing completion which indirectly contributes to the growth of the digital diabetes management market. For instance, in January 2022, Glooko adds AI-powered coaching to its digital diabetes management tools with the Xbird acquisition. Xbird’s AI software analyzes sensor-collected medical and behavioral data and generates suggestions for changes in behavior to improve health. Additionally, in November 2019, Eddii virtual health buddy app is the new AI-powered interactive app that has been launched in India for diabetes patients. The app helps in solving the problem by gamifying health tracking and management.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Product
o By Device Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape – Medtronic International Trading Sàrl, B. Braun Melsungen AG, Dexcom, Inc., F. Hoffmann-La Roche Ltd, Tandem Diabetes Care, Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Digital Diabetes Management Market Report Segment
By Product
- Smart Glucometer
- Smart CGM
- Insulin Patch Pump
- Diabetes Apps
- Data Management Software
By Device Type
- Handheld
- Wearables
By End-User
- Hospitals
- Home Care
