DUBLIN, Jan. 3, 2020 /PRNewswire/ -- The "Digital Diabetes Global Market-Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
Research and Markets Logo
MoreAccording to analysis, digital diabetes global market expected to reach $16,329.6 million by 2026 growing at a high single digit CAGR from 2019 to 2026.
The digital diabetes global market is segmented based on products, end-users and geography
The product market is further segmented into devices and apps and software. As estimated by the publisher, the devices global market is expected to grow at a mid single CAGR from 2019 to 2026. The apps and software global market is expected to grow at a strong double digit CAGR from 2019 to 2026 due to growing adoption of digital solutions such as cloud based software, technology advancements such as incorporating artificial intelligence to manage the diabetes are driving the market. However, privacy and data safety issues, stringent regulatory approvals, lack of reimbursement are restraining the market growth.
The digital diabetes devices global market by product type is segmented into SBGM, CGM, Smart Insulin Pumps, and Smart Insulin Pens
CGM accounted for the largest market revenue in 2019 and is expected to grow at a double digit CAGR from 2019 to 2026 due to increasing number of regulatory approvals for CGM systems; technological advancements in devices and other pipeline devices. SBGM products are further segmented into Smart Blood glucose meter, Blood glucose testing-strips, Lancets and control solution. Blood glucose testing-strips accounted largest revenue in 2019. CGM products are further segmented into glucose sensors and transmitter and recei ver. Glucose sensor commanded the largest revenue in 2019 and is expected to grow at a double digit CAGR due to increasing adoption of CGM systems, development of advanced CGM systems, and favourable government policies in developed countries promoting the adoption of CGM systems. The smart insulin pump products are further segmented into traditional insulin pump and patch pump. Traditional insulin pump held the largest revenue in 2019 and expected to grow at a mid single digit CAGR from 2019 to 2026 and Patch pump is expected to grow at a double digit CAGR from 2019 to 2026.
The Digital diabetes end-user market is segmented into home care, hospitals & private clinics and others which include ambulatory setting, academic and research institutes
Homecare accounted for largest revenue in 2019. The largest revenue of this segment can be mainly attributed to technological advancements and a shift toward home care and self-management of diabetes, an increase in prevalence of diabetes disease, the improvement and acceptance of home care devices has increased. In addition, the growing focus of companies to increase awareness about diabetes and glucose management devices & apps are further driving the adoption in home care settings. Homecare is the fastest growing segment with projected high single digit CAGR from 2019 to 2026 due to the increase of self management of diabetes using apps and software at home itself.
Geographical wise, the North America region commanded the largest revenue in 2019 and expected to grow at a mid single digit CAGR from 2019 to 2026
Story continues
Some of the driving factors are increased awareness of the benefits of using continuous glucose monitoring systems, growing diffusion of smart devices, increasing prevalence and incidences of diabetes due to obesity and better accessibility to technologies compared to other regions and presence of well-established distribution channe ls of the major players in this region. However, Asia-Pacific region is expected to grow at a double digit strong CAGR from 2019 to 2026 due to a large pool of patients with diabetes, increasing patient awareness about diabetes, and increasing affordability of advanced treatment due to increasing prosperity.
The digital diabetes global market is a competitive market and all the existing players in this market are involved in developing new and advanced products to maintain their market shares and also acquiring companies for product expansion. Some of the key players in the digital diabetes global market are Abbott Laboratories (U.S.), Dexcom, Inc. (U.S.), Insulet Corporation (U.S.), i-Sens, Inc (South Korea), Livongo Health, Inc. (U.S.), Medtronic PLC (Ireland), F.Hoffmann-LA Roche AG (Switzerland), Senseonics Holdings Inc. (U.S.), Tandem Diabetes Care (U.S.), and Ypsomed Holding AG (Switzerland).
Key Topics Covered
1 Executive Summary
2 Introduction
3 Market Analysis3.1 Introduction3.2 Market Segmentation3.3 Factors Influencing Market3.3.1 Drivers And Opportunities3.3.1.1 The Global Rise In The Prevalence And Incidence Of Diabetes3.3.1.2 Technological Advancements In Digital Diabetes Devices3.3.1.3 Growing Diffusion Of Smart Devices And Digital Platforms3.3.1.4 Increasing R&D Investments3.3.2 Restrains And Threats3.3.2.1 High Cost Associated With The Products3.3.2.2 Product Recalls3.3.2.3 Inad equate Reimbursement3.3.2.4 Strict Regulation Of Glucose Monitoring Devices By Regulatory Organizations Like The Fda And Others3.3.2.5 Privacy Concern And Safety Issues In Digital Diabetes3.4 Market Share Analysis3.4.1 Digital Diabetes Global Market Share Analysis3.4.2 Continuous Glucose Monitor (Cgm) Market Share Analysis3.4.3 Smart Insulin Pump Market Share Analysis3.5 Regulatory Affairs3.5.1 U.S.3.5.2 Europe3.5.3 China3.5.4 India3.5.5 Japan3.6 Technological Advancements3.6.1 Artificial Intelligence And Machine Learning3.7 Clinical Trials3.8 Funding Scenario3.9 Digital Diabetes - Deals, Approvals And New Product Launch3.10 Approval3.11 Fda And Ce Approved Diabetes Management Apps3.12 Product Launch3.13 Revenue Model3.13.1 Introduction3.13.2 Freemium Model3.13.3 Third Party Payment Model3.13.4 Different Revenue Streams Model3.13.5 Lower Pricing Model3.13.6 New Payment Model Or New Pricing Model3.14 Porter'S Five Force Analysis3.14.1 Threat Of New Entrants3.14.2 Threat Of Substitute s3.14.3 Bargaining Power Of Suppliers3.14.4 Bargaining Power Of Buyers3.14.5 Rivalry Among Existing Competitors3.15 Patent Analysis3.16 Units Sold3.16.1 Glucose Testing Strips Units Sold3.16.2 Cgm Sensors Units Sold3.16.3 Smart Insulin Pump Units Sold3.16.4 Smart Insulin Pen Units Sold3.17 Market Penetration
4 Digital Diabetes Global Market, By Products4.1 Introduction4.2 Devices4.2.1 Smart Blood Glucose Monitoring(Sbgm)4.2.1.1 Smart Blood Glucose Meter4.2.1.2 Blood Glucose Testing Strips4.2.1.3 Lancets4.2.1.4 Others4.2.2 Continuous Glucose Monitoring (Cgm)4.2.2.1 Glucose Sensors4.2.2.2 Transmitter And Receivers4.2.3 Smart Insulin Pump4.2.3.1 Traditional Insulin Pump4.2.3.2 Patch Insulin Pump4.2.4 Smart Insulin Pen4.3 Apps And Software
5 Digital Diabetes Global Market, By End-Users5.1 Introduction5.2 Home Care5.3 Hospitals And Private Clinics5.4 Others
6 Regional Analysis6.1 Introduction6.2 North America6.2.1 U.S.6.2.2 Rest Of N.A.6.3 Europe6.3.1 Germany6.3.2 Franc e6.3.3 Italy6.3.4 Rest Of Europe6.4 Asia - Pacific6.4.1 Japan6.4.2 China6.4.3 India6.4.4 Rest Of Apac6.5 Rest Of The World6.5.1 Brazil6.5.2 Rest Of Latin America6.5.3 Middle East & Others
7 Competitive Landscape7.1 Introduction7.2 Collaboration, Agreements And Partnerships7.3 Approvals7.4 New Product Launch7.5 Acquisition7.6 Expansion7.7 Other Developments
8 Major Player Profiles8.1 Abbott Laboratories8.2 Dexcom Inc.8.3 F. Hoffmann-La Roche AG8.4 Insulet Corporation8.5 I-Sens, Inc.8.6 Livongo Health, Inc.8.7 Medtronic PLC8.8 Senseonics Holdings Inc.8.9 Tandem Diabetes Care Inc.8.10 Ypsomed Holding AG
List of Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/p3w7yg
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/global-digital-diabetes-market-outlook-to-2026-a-16-billion-industry-opportunity-300980794.html
SOURCE Research and Markets
