Report Overview

The digital diabetes management market size stood at around USD 6.87 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The rising prevalence of diabetes has increased the focus on the development and adoption of better solutions for diabetes care. Also, advancements in technologies have ensured the introduction of highly flexible solutions in the market. These are the major factors driving the growth of the global digital diabetes management market. The increasing adoption of cloud-based enterprise solutions and the growing use of connected devices and apps are some of the other major factors supporting market growth.



 

Market Growth Drivers

Increasing prevalence of diabetes: The major risk factors for diabetes include stress, sedentary lifestyles, unhealthy diets, and obesity. Aging-related physiological changes are also a significant contributor to the risk of diabetes. For instance, according to the World Population Aging Report 2017, the global population aged 60 and over increased from 962 million in 2017 to 1.9 billion in 2045. However, the diabetes prevalence for people more than age 60 is 18.5% in 2017. The number of elderly people with diabetes is around 177.4 million in 2017 and expected to increase up to 337.8 million in 2045. Therefore, the growing geriatric population, coupled with increasing population exposure to key risk factors, is expected to drive the demand for digital diabetes management solutions across major markets.