Healthcare Industry Updates Digital Diabetes Management Market Trends 2019 | Page 2

According to the new market research report "Digital Diabetes Management Market by
Product (Device (Smart Glucometer, CGM, Insulin Pump & Patch), Diabetes Apps, Service,
Data Management Software), Device Type (Hand-held & Wearables),End User (Hospitals &
Self/home healthcare) - Global Forecast to 2024", published by MarketsandMarkets™, the
Digital Diabetes Management Market is projected to reach USD 19.9 billion by 2024 from an
estimated USD 6.8 billion in 2019, at a CAGR of 23.8%.
The major factors driving the growth of this market include the rising prevalence of diabetes,
technological advancements, increasing adoption of cloud-based enterprise solutions, and the
growing use of connected devices and apps.
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By product & service, the devices segment accounted for the largest share of the Digital
Diabetes Management Market
Based on product & service, the market is divided into devices, apps, data management
software & platforms, and services. The devices segment accounted for the largest market
share in 2018. The growing demand for wireless and wearable devices for diabetes
management, growing acceptance of smart insulin pumps & pens for insulin delivery,
technological innovations & digital advancements in devices, and increasing awareness about
continuous glucose monitoring in patients are the key factors driving the growth of the devices