Digital Diabetes Management Market Size in 2023 To 2029 | Medtronic (Ireland), B. Braun Melsungen AG (Germany), Dexcom, Inc. (US), Abbott Laboratories (US), F. Hoffmann-La Roche (Switzerland)

The global digital diabetes management market is expected to reach USD 31.3 billion by 2028, with a projected CAGR of 13.3% during the forecast period. The increasing prevalence of diabetes has underscored the need for improved diabetes care solutions, leading to the development and implementation of digital diabetes management solutions. Technological advancements have facilitated the introduction of highly adaptable solutions in the market.

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The prominent players operating in the global digital diabetes management market are Medtronic (Ireland), B. Braun Melsungen AG (Germany), Dexcom, Inc. (US), Abbott Laboratories (US), F. Hoffmann-La Roche (Switzerland), Insulet Corporation (US), Tandem Diabetes Care (US), Dottli (Finland), Ypsomed Holding AG (Switzerland), ARKRAY (Japan), Ascensia Diabetes Care Holdings AG (Switzerland), Health2Sync (Taiwan), Emperra GmbH E-Health Technologies (Germany), ACON Laboratories, Inc. (US), Care Innovations, LLC (US), Azumio (US), LifeScan, Inc. (US), Tidepool (US), AgaMatrix (US), Glooko, Inc. (US), DarioHealth Corporation (Israel), One Drop (US), Decide Clinical Software GmbH (Austria), Pendiq GmbH (Germany), and BeatO (India).

Key drivers of market growth include the growing adoption of cloud-based enterprise solutions and the increasing use of connected devices and apps for diabetes management. These digital solutions offer benefits such as real-time monitoring, data analysis, personalized treatment plans, and remote patient monitoring, enhancing the overall management of diabetes.

However, certain factors may hinder market growth during the forecast period. These include high device costs, limited reimbursement in developing countries, and the continued acceptance and use of standard and traditional diabetes management devices. Overcoming these barriers will be crucial for the widespread adoption and success of digital diabetes management solutions.

Despite the challenges, the digital diabetes management market holds significant growth potential. The rising prevalence of diabetes and the need for effective management solutions, coupled with ongoing technological advancements, will continue to drive the market's growth in the coming years.

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In 2022, the self-/home healthcare segment accounted for the largest market share in the digital diabetes management market. This significant market share can be attributed to the increasing acceptance of home care by patients, driven by the growing awareness and availability of digital platforms for managing diabetes. Patients who require continuous insulin therapy find self-administration particularly beneficial.

Home healthcare provides patients with the convenience and flexibility to manage their diabetes in the comfort of their own homes. It offers an alternative to inpatient treatment, which can be expensive and restrict patients from resuming their daily routines. Self-management allows patients to take control of their diabetes management, monitor their blood glucose levels, administer insulin as needed, and follow personalized treatment plans.

The rising adoption of self-/home healthcare in the digital diabetes management market is driven by the desire for greater independence, convenience, and cost-effectiveness in managing diabetes. As patients become more empowered and involved in their own care, the self-/home healthcare segment is expected to continue dominating the market.

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This release was published on openPR.