According to the most recent analysis by Emergen Research, the global digital diabetes management market size reached USD 13.6 billion in 2021 and is anticipated to experience a revenue CAGR of 12.0% over the projected period. A few of the major factors propelling the revenue growth of the digital diabetes management market are the rising prevalence of diabetes and obesity around the world, rising demand for medical devices, management apps like glucose tracking apps and wearables, as well as the introduction of technologically innovative cloud-based digital tools and solutions.
Some of the key factors driving the growth of the global Digital Diabetes Management market include expanding R&D efforts to develop novel Digital Diabetes Management products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Digital Diabetes Management
The COVID-19 pandemic had a significant negative influence on the market for Digital Diabetes Management in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Digital Diabetes Management were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Digital Diabetes Management in 2020. Additionally, demand for Digital Diabetes Management decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Digital Diabetes Management market : Competitive Landscape
The prominent players operating in the Digital Diabetes Management market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Digital Diabetes Management market .
Some of the prominent players operating in the market are:
Medtronic plc, Abbott Laboratories, Novo Nordisk A/S, DexCom, Inc, Bayer AG, Eli Lilly and Company, LifeScan IP Holdings, LLC., F Hoffman-La Roche Ltd., Tandem Diabetes Care, Inc., Insulet Corporation
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Digital Diabetes Management market ?
What are the key factors driving the Global Digital Diabetes Management market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Digital Diabetes Management market ?
Who are the distributors, traders, and dealers of Digital Diabetes Management market ?
What are the Digital Diabetes Management market opportunities and threats faced by the vendors in the Global Digital Diabetes Management industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
-
Product Outlook (Revenue, USD Billion; 2019-2030)
- Devices
- Smart Glucose Control Meter
- Continuous Blood Glucose Monitoring System
- Insulin Pens/Pumps
- Others
- Applications
- Blood Glucose Tracking Apps
- Weight & Diet Management Apps
- Others
- Software & Services
- Devices
-
Device Type Outlook (Revenue, USD Billion; 2019-2030)
- Wearables
- Handheld Devices
-
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals & Clinics
- Home Care Settings
- Diagnostic Centers
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Regional Bifurcation of the Digital Diabetes Management market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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