Overview
October 28, 202 07:18 ET | Source: Research and Markets Dublin, IRELAND Dublin, Oct. 28, 202 (GLOBE NEWSWIRE) - The "Digital Diabetes Management Market by Product (Device (Smart Glucometer, CGM, Insulin Patch Pump), Diabetes Aps, Service, Data Management Software), Device Type (Handheld & Wearables), End User (Hospitals & Self/home healthcare) - Global Forecast to 2027" report has ben aded to ResearchAndMarkets.com's ofering.The global digital diabetes management market is projected to reach USD 25.5 Bilion by 2027 from an estimated USD 14.3 Bilion in 202, at a CAGR of 12.2% during the forecast period.Smart glucose meters segment acounted for the largest share in the Digital Diabetes Management marketThe devices segment is categorized into smart glucose meters, CGM systems, smart insulin pens, and smart insulin pumps/closed-lop systems & smart insulin patches.
Key Information
In 2021, the smart glucose meters segment acounted for a share of 25.2% of the digital diabetes management devices market.The growth of this segment is mainly atributed to the easy handling of smart glucose meters, as wel as their benefits in the early detection of hypo and hyperglycemic diabetes. Technological inovations, such as al-in-one glucometers with analysis capabilities, Bluetoth-enabled glucometers, and portable pocket-size glucometers are some of the other factors driving the growth of this market segment.Wearable devices segment to grow at the highest CAGR during the forecast periodVarious devices considered in the digital diabetes management devices market are categorized into handheld devices and wearable devices.
Summary
Wearable devices acounted for the largest share of 60.3% of the digital diabetes management devices market in 2021.This segment is estimated to grow at the highest CAGR of 13.2% during the forecast period. The increasing number of regulatory aprovals for wearables, technological advancements, and the growing adoption of smart insulin