Digital Diabetes Management Market Analysis By Top Key Players | Medtronic Plc, Abbott, F.Hoffmann

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Digital diabetes management solution includes clinical programs, services, and integrated technology to support peoples’ needs across the spectrum of care.
The Digital Diabetes Management Market is expected to grow at a rate of ~20% by 2026. Growing adoption of data analytics & artificial intelligence in digital diabetes management & diabetes care devices, rising prevalence of diabetes, increasing adoption of cloud-based enterprise solutions for diabetes management, growing awareness regarding digital diabetes management solutions, and an increasing number of digital platforms & mobile app for diabetes management are some of the key factors driving the global digital diabetes management market.

Technological Advancements in Digital Diabetes Management Fuels Its Demand
Digital health technology, especially digital and health applications (‘apps’), has been developing rapidly to help people manage their diabetes condition. For instance,

•In March 2022, Glooko Inc. acquired DIABNEXT to expand its diabetes offerings in France. DIABNEXT’s mobile app complements Glooko’s product portfolio and tracks diabetes data

•In February 2022, Terumo Corporation entered into an agreement with Diabeloop. Under the agreement, both the companies will be integrating therapeutic artificial intelligence to automate the treatment of type 1 diabetes

Rising Awareness Regarding Diabetes Self-Management Solutions Drives the Digital Diabetes Management Market
Self-management of diabetes includes diabetes education, healthy eating, physical activity, medication, device usage, monitoring, and using patient-generated data to adjust behavior and medication doses. To increase awareness, several players and governments of various countries are running awareness campaigns/training.

For instance,

•Diabetes Self-Management Training (DSMT) Certification
•Diabetes Self-Management Education and Support (DSMES) services
•World Diabetes Day (WDD) is the world’s largest diabetes awareness campaign

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Role of mHealth in Digital Diabetes Management Boosts the Demand
Diabetes is the most popular chronic clinical condition targeted by mHealth, followed by depression and asthma. Mobile health (mHealth) tools have enhanced diabetes management and prevention and are likely to play an increasing role with the growth of smartphone ownership and medical device innovations.

For instance,

•In May 2021, F. Hoffmann-la Roche teamed up with Ellerca Health to launch Accu-Chek + 360Care, integrating Roche’s Accu-Chek Guide blood glucose meter, customized home delivery of testing strips, and Ellerca’s self-management digital program, 360Care

Key Constraints/ Challenge: Digital Diabetes Management Market
Reimbursement issues in developing countries, high costs associated with the devices, rising concerns regarding data security, and preference for traditional diabetes management over digital diabetes management are some of the key factors that are likely to hamper the growth of the market.

North America Expected to Continue Holding Major Share in the Digital Diabetes Management Market
North America currently holds a major share in the global digital diabetes management market. North America is expected to continue to hold a major share in the coming years due to the growing prevalence of diabetes and the growing adoption of technologically advanced products, in the region.

Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Market
Players operating in Digital Diabetes Management market are adopting organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to garner market share.

For instance,

•In April 2022, Dexcom launch Dexcom ONE Continuous Glucose Monitoring System. The Dexcom ONE system is an easy-to-use real-time CGM (rt-CGM) that more affordable and accessible for people with diabetes in the UK

•In April 2022, Abbott entered into a partnership with CamDiab and Ypsomed. Under the terms of the partnership, the three companies plan to develop and commercialize an integrated automated insulin delivery (AID) system

Competitive Landscape: Digital Diabetes Management Market
Some of the key players operating in Digital Diabetes Management market include Medtronic Plc, Abbott, F.Hoffmann-LA Roche Ltd, Senseonics, and Insulet Corporation, among others.

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