Digital Diabetes Management Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

Digital Diabetes Managements Market Report Key Highlights

• Global digital diabetes management market revenue is estimated to reach USD 39.9 Billion by 2030 with a CAGR of 22.4% from 2022 to 2030
• According to the International Diabetes Federation (IDF) estimates, the worldwide diabetes population will rise to 700 million by 2045
• North America digital diabetes management market gathered over 35% regional shares in 2021
• Asia-Pacific digital diabetes management market will record noteworthy CAGR from 2022 to 2030
• Based on product segment, continuous blood glucose monitoring system accounted 40% of the total market share in 2021
• Growing use of smartphone apps for diabetes management drives the digital diabetes management market growth in coming years

Diabetes management refers to dealing with short-term events such as high and low blood sugar for controlling over the long term such as getting to grips with understanding the condition. Management of diabetes involves more than keeping blood sugar levels under control coupled with learning about hypos and hyperglycemia. Diabetes is increasing at an alarming rate in the US. According to the statistics released by the Centers for Disease Control and Prevention it is estimated that cases of diabetes have risen to 34.2 million in 2020. Additionally, an estimated 26.8 million people, or 10.2% of the population had been diagnosed with diabetes. Approx. 7.3 million people have diabetes but have not yet been diagnosed since 2018.

Global Digital Diabetes Management Market Dynamics

Market Drivers

• Growing prevalence of diabetes
• Technological advancements in diabetes management
• Increasing adoption of cloud-based enterprise solutions
• Rising implementation of artificial intelligence in diabetes care devices

Market Restraints

• High cost of devices
• Lack of reimbursement policies in emerging nations

Market Opportunities

• Increasing diabetes related healthcare expenditure
• Growing penetration of smartphone health apps

Digital Diabetes Management Market Report Coverage

Digital Diabetes Management Market Insights

Rising prevalence of diabetes

According to the International Diabetes Federation (IDF), in 2019, approximately 463 million adults (20-79) years were living with diabetes, and it is predicted that by 2045 it will rise to 700 million. The proportion of people suffering from type 2 diabetes is increasing in most countries. 1 in 5 people aged 65 years or old have diabetes. Moreover, 1 in 2 (232 million) people with diabetes was undiagnosed. Therefore, the growing prevalence in the geriatric population allied with increasing population exposure to risk factors is expected to drive the demand for digital diabetes management solutions across major markets.

Rapidly changing lifestyles and unhealthy dietary habits contribute for the growth of digital diabetes management market

Currently, obesity is the leading cause of diabetes. According to the Indian Journal of Health Sciences and Biomedical Research, diabetes in India is the second largest cause across the world with currently over 72 million cases of diabetes in India. The reported prevalence of obesity in type 2 diabetes mellitus (T2DM) was 60-90%. Obesity and overweight pose major risks for chronic diseases and are considered to be a prominent risk factors for the development of T2DM. Over 72 million registered cases of diabetes in India, the World Health Organization (WHO) reported that obesity is one of the most common and also the most neglected, public health problems in both developed and developing countries. Moreover, obesity is the major contributor to the T2DM epidemic contributing to 88% of those suffering from T2DM considering overweight or obese.

Big calls for "Digitization"

Digital health technology, especially digital and health applications (apps) has gained significant prominence to assist people to manage diabetes. Numerous health-related apps incorporated on smartphones and other wireless devices support people with diabetes and provoked them to adopt either lifestyle interventions or medication adjustments in response to glucose monitoring. Apart from that, Canadian Diabetes Association, virtual care encompassed new forms of digital glucose monitoring such as first-of-its-kind flash glucose monitoring recently got introduced in Canada. The newly launched technology tracks blood sugar levels for up to 14 days, using a sensor worn on the back of the upper arm. A one second-scan of the sensor with a handheld reader or smartphone offers a real-time glucose reading and a complete picture of the user's recent blood sugar history.

Digital Diabetes Management Market Segmentation

The worldwide digital diabetes management market is split based on product, type, and geography.

Digital Diabetes Management Market By Product

• Smart Glucose Meter
• Continuous Blood Glucose Monitoring System
• Smart Insulin Pens
• Smart insulin pumps
• Apps
  • Digital Diabetes Management Apps
  • Weight & Diet Management Apps

According to our digital diabetes management industry analysis, the continuous blood glucose monitoring systems recorded 40% market share in 2021. Continuous glucose monitoring is a medical device specialized to track and monitor glucose levels in the blood. The system assists the patients to continuously track & monitor the fluctuations in the sugar level. Tracking the inclination of patients towards real-time health monitoring and availability of reliable frequent, and real time assistance are the major factors that bolster the continuous blood glucose monitoring systems segment.

Additionally, smart insulin pen segment is gaining a fast pace and is predicted to grow at the highest CAGR of 21.9% in the forecast period. Surge in product launches in the field of digital healthcare and introduction of artificial intelligence are the factors that contribute to the fullest for the segmental growth of smart insulin pen worldwide.

App segment recorded 21.8% CAGR for digital diabetes management market

The weight and diet management apps segments hold a considerable share in the global market due to rising awareness of chronic diseases such as diabetes and related complications. These apps use advanced digital data analytics technology that provides healthcare professionals (HCPs) offer satisfactory service to patients with the best solutions possible. Moreover, improved health outcomes, reduction of error rates and declining healthcare costs are the key factors that contribute for the growth of the apps segment globally

Digital Diabetes Management Market By Type

• Wearable Devices
• Handheld Devices

According to our digital diabetes management market forecast, wearable devices are expected to generate over 55% of the total market share from 2022 to 2030. The market's expansion is primarily due to technological advancements such as the introduction of artificial intelligence, the introduction of new products such as smart insulin patches and closed-loop pump systems, and the increasing use of self-insulin delivery devices in diabetes management. Hand-held devices on the other hand is likely to attain fastest growth rate during the projected timeframe from 2022 to 2030.

Digital Diabetes Management Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Latin America

• Mexico
• Brazil
• Rest of Latin America

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

The Middle East & Africa (MEA)

• Gulf Cooperation Council (GCC)
• South Africa
• Rest of the Middle East & Africa

North America recorded largest market share for global digital diabetes management

North America dominated the digital diabetes management market in 2018 and will continue its trend in the forthcoming years. Rising adoption of advanced technology supported by digitization such as the internet of things (IoT), machine learning, and robotics are the factors that upsurge regional growth. On the other hand, Asia Pacific is predicted to witness significant growth in the forecast period owing to new product launches as the region comprises a big pool of diabetes patients. Currently, over 230 million people are living with diabetes accounting for 54.8% of the global population. This strong resembled new product launches by the top market players. In May 2019, Roche Diabetes Care (RDC) India announced its latest Integrated Diabetes Management Solution (IDMS) with the launch of the “mySugr” app and “Accu-Chek Instant” blood glucose monitoring system that together forms the advanced connectivity and accuracy to assist the people with diabetes (PwDs) effortlessly manage blood sugar levels and spend more time in range.

Europe is projected to capture a considerable share over the forecast period due to its novel product launching and the presence of prominent players residing in the Europe region. This acts as one of the key factors that contribute fullest to the growth of the digital diabetes management market in the Europe regional market.

Digital Diabetes Management Market Players

The global digital diabetes management companies profiled in the report include Medtronic, B. Braun, Dexcom, Abbott Laboratories, Roche Diagnostics, Insulet Corporation, Tandem Diabetes Care, Ascensia Diabetes Care, LifeScan, Tidepool, AgaMatrix, Glooko Inc., and DarioHealth.