Report ID: SQMIG45E2282
Report ID:
SQMIG45E2282 |
Region:
Global |
Published Date: December, 2024
Pages:
174
|
Tables:
89 |
Figures:
71
In 2023, North America dominated the market with a share over 38.0% due to various digital blood glucose patient monitoring devices that have recently been approved in the region and advanced technology is available. For instance, in January 2022, Insulet Corporation stated that their Omnipod 5 Automated Insulin Delivery System has been approved by the U.S. FDA. This is a special system that integrates with Dexcom G6 Continuous Glucose Monitoring (CGM). Integrate a SmartBolus Calculator for remote patient monitoring and data sharing through the Omnipod 5 smartphone app. Region-specific market growth will be supported by the aging population and the increasing prevalence of diabetes related to lifestyle changes.
Nevertheless, because of the new product launch, the large diabetic population, and the increased government activities in the region, Asia-Pacific is predicted to rise with the highest CAGR of 9.8% during the forecast period. For instance, the Australian Centre for Accelerating Diabetes Innovations ACADI at the University of Melbourne reportedly received USD 10 million from the federal government over four years, in January 2022. The ACADI will be a new virtual research center, linking the research institutes across the country and helping notable industry partners and organizations in developing novel treatments, technological advancements, and behavioral interventions while solving the diabetes-related challenges in Australia.
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Report ID: SQMIG45E2282