Report ID: SQMIG45E2282
Report ID:
SQMIG45E2282 |
Region:
Global |
Published Date: December, 2024
Pages:
174
|
Tables:
89 |
Figures:
71
Digital Diabetes Management Market size was valued at USD 13.84 Billion in 2023 and is poised to grow from USD 14.99 Billion in 2024 to USD 26.19 Billion by 2032, growing at a CAGR of 8.3% during the forecast period (2025-2032).
Advances in technology along with the fast-increasing numbers of diabetes cases are found to be the major contributors in the digital diabetes management market growth. The International Diabetes Federation has estimated that in 2021, 537 million adults were suffering from diabetes and that is estimated to increase up to 783 million by 2045. The diabetes sphere is predicted to undergo considerable ranges of technological developments in the market in due course of time with the passing of digital technology and may also impact on how we treat the disease. Over a hundred applications are available in web-based app stores that can potentially aid patients in the monitoring of blood glucose levels, and the increase in smartphone apps for diabetes management has been phenomenal in the last few years. The prevalence of diabetes is anticipated to increase globally due to rapidly changing lifestyle decisions that include smoking and drinking more alcohol. The most significant driver in the rapid increase of the number of diabetes patients is obesity. With the growth of the obese population and the enhanced awareness among the patients, the market for diet and weight control applications is promising a lot. A digital ecosystem of solutions based on data has been developed for gathering patients and their care teams together to possibly enhance diabetic management.
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Report ID: SQMIG45E2282