Sarasota, FL -- (SBWIRE) -- 02/27/2019 -- Zion Market Research has published a new report titled "Digital Diabetes Management Market by Type (Wearable Devices and Handheld Devices), by Product and Service (Devices, Digital Diabetes Management Apps, Data Management Software and Platforms, and Services), and by End-User (Individuals/Home Healthcare, Hospitals & Specialty Diabetes Clinics, Academic & Research Institutes and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, global digital diabetes management market was valued at approximately USD 5.6 billion in 2018 and is expected to generate around USD 24.5 billion by 2025, at a CAGR of around 23.6% between 2019 and 2025.

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Digital diabetes management solutions offer continuous patient monitoring even at remote locations. Digital devices and apps keep a track of records, which allows physicians to advice specific treatment to patients. The global prevalence of diabetes is increasing, owing to changing dietary habits and sedentary lifestyle. Digital diabetes management solutions have gained importance as they allow long-term control and monitoring of patients' blood glucose levels.

The increasing prevalence of diabetes worldwide, rising geriatric population base, and growing penetration of smart devices, digital platform, and adoption of mobile apps are likely to fuel the global digital diabetes management market in the future. Additionally, technological advancements and the growing adoption of digital solutions worldwide are projected to further propel this market's growth over the estimated timeframe. Other factors that are anticipated contribute toward the growth of the digital diabetes management market are increasing health awareness and expenditure and digitalization of healthcare systems. However, the high cost of digital devices and lack of reimbursement policies in emerging countries may hamper the digital diabetes management market globally. Alternatively, the increasing healthcare expenditure for diabetes care in emerging economies is expected to create new growth opportunities in the global digital diabetes management market in the future.

The global digital diabetes management market segments are based on type, product and service, and end-user. By type, the market is segmented into wearable and handheld devices. Wearable devices held the largest market share in 2018 globally, due to the increasing penetration of smartphone-connected wearable devices. By product and service, the market is segmented into devices, digital diabetes management apps, data management software and platforms, and services. The devices segment is sub-segmented into continuous glucose monitoring systems, smart glucose meters, smart insulin pens, and closed-loop systems/smart insulin pumps and smart insulin patches. The digital diabetes management apps are sub-classified into diabetes and blood glucose tracking apps and weight and diet management apps. Smart glucose meters held the largest market share in 2018 globally. The continuous glucose monitoring systems segment is likely to register the highest CAGR over the estimated timeframe, owing to the growing need for continuous glucose monitoring and new product launches. The demand for smart insulin pens is anticipated to gain momentum in the future owing to the increasing demand for patient-centric or personalized devices without needle-stick injuries. By end-user, the market is segmented into individuals/home healthcare, academic and research institutes, hospitals and specialty diabetes clinics, and others. The high cost of inpatient care has led to an increased preference for individual/home healthcare in the last few years.

By region, North America dominated the global digital diabetes management market with a revenue share of about 40% in 2018. This can be due to the increasing prevalence of diabetes, growing digital platform penetration, and favorable reimbursement policies by the government. North America is estimated to lead over the forecast time period, owing to the technological advancements and growing adoption of smart devices. Europe is the second largest region in the global digital diabetes management market, owing to the increasing diabetic population, government initiatives to control diabetes and obesity, and rising healthcare expenditure. Asia Pacific is projected to show the highest CAGR over the forecast time period in the global digital diabetes management market, owing to increasing geriatric population, rising diabetes prevalence, and growing awareness, healthcare expenditure, and adoption of digital platforms.

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Some key players of the global digital diabetes management market include Medtronic, Dexcom, B. Braun, Abbott Laboratories, Tandem Diabetes Care, Insulet Corporation, Lifescan Inc., Ascensia Diabetes Care, AgaMatrix, Glooko Inc., Tidepool, and Dariohealth, among others.

This report segments the global digital diabetes management market into:

Global Digital Diabetes Management Market: By Type

Wearable Devices
Handheld Devices

Global Digital Diabetes Management Market: By Product and Service

Devices
Smart Glucose Meters
Continuous Glucose Monitoring Systems
Smart Insulin Pens
Smart Insulin Pumps/Closed-Loop Systems and Smart Insulin Patches
Digital Diabetes Management Apps
Diabetes and Blood Glucose Tracking Apps
Weight and Diet Management Apps
Data Management Software and Platforms
Services

Global Digital Diabetes Management Market: By End-User

Individual/Home Healthcare
Hospitals and Specialty Diabetes Clinics
Academic and Research Institutes
Others

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Global Digital Diabetes Management Market: By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa