The global digital diabetes management market was valued at USD 11.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. The significant growth of this market is largely driven by the rising prevalence of diabetes and advancements in digital technology. According to the International Diabetes Federation, approximately 537 million adults were living with diabetes in 2021, and this number is expected to rise to 783 million by 2045. As digital tools and technologies continue to evolve, the landscape of diabetes management is undergoing a transformation, with innovations emerging to improve how the disease is managed. A key indicator of this shift is the rapid growth of smartphone applications designed to help individuals monitor their blood glucose levels. Today, over a hundred apps are available across various app stores, allowing patients to track and manage their diabetes more effectively.
The increase in diabetes cases is partly attributed to changing lifestyle factors, including smoking, higher alcohol consumption, and unhealthy eating habits. Obesity is another significant contributor to the growing number of diabetes patients. As a result, the demand for diet and weight management apps has surged, driven by the rising rates of obesity and growing awareness about the benefits of such digital solutions for diabetes care.
The COVID-19 pandemic further accelerated the demand for digital diabetes management devices. Managing blood glucose levels became crucial for patients hospitalized with severe lung infections caused by COVID-19. Treatments used to manage COVID-19 often impacted blood sugar levels, requiring careful monitoring. The Centers for Disease Control and Prevention (CDC) also reported that individuals with diabetes who contracted COVID-19 were at a higher risk of being admitted to critical care, further emphasizing the need for effective diabetes management devices during the pandemic.
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Product Segmentation Insights:
In 2022, the continuous blood glucose monitoring (CGM) systems segment dominated the market, accounting for over 40.6% of the revenue share. CGM systems are popular due to their advanced capabilities, such as compatibility with smart devices, allowing patients to use their smartphones or other gadgets as display devices for their glucose data. These systems also offer customizable alerts that notify patients when their glucose levels fall below or exceed certain thresholds, making it easier for individuals to manage their condition in real time. The product segment is diverse, including smart insulin pens, CGM systems, smart glucose meters, smart insulin pumps, and diabetes management apps. The app category is further divided into digital diabetes management apps and weight and diet management apps.
The smart insulin pens segment is expected to grow at the fastest rate, with a projected CAGR of 11.4% during the forecast period. This rapid growth is driven by an increase in new product launches and the integration of artificial intelligence (AI) into diabetes management tools. Several companies are focusing on developing innovative smart insulin pens, expanding their product lines, and enhancing their presence in the market. For example, in March 2022, Novo Nordisk launched smart insulin pens in the UK. This groundbreaking product, available to patients through the National Health Service (NHS), represents the first system capable of monitoring and recording insulin use through digital technology, enabling better diabetes care and improving treatment outcomes.
In summary, the global digital diabetes management market is poised for strong growth, supported by the increasing prevalence of diabetes, advancements in digital technology, and the rising popularity of smart devices and applications. Continuous blood glucose monitoring systems and smart insulin pens are leading product categories in the market, with innovations like AI-enhanced tools and real-time monitoring playing a crucial role in shaping the future of diabetes care. As the demand for efficient, convenient, and accurate diabetes management solutions grows, the market is expected to continue its expansion through 2030.
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