October 06, 2022 12:15 ET | Source: Straits Research Straits Research
New York, United States, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Patients can control their condition and manage it themselves with the help of the digital diabetes management system. Digital diabetes monitoring systems comprise hardware, mobile apps, and a sizable cloud computing infrastructure. A "smart glucose monitor" is a wireless blood glucose monitor that measures and transmits blood glucose data to an iOS or Android-powered mobile device. The anytime, anywhere nature of digital technology enables patients to address their health issues by connecting with the healthcare team and sharing data. The increasing need for a digital ecosystem of data-driven tools that can connect patients and their care team for better management of diabetes drives the market growth.
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Technological Advancements and an Increasing Prevalence of Diabetes Drives the Global Market
The development of sensor-based CGM technology, implantable digital diabetes management devices, and smartphone-based diabetes management devices are a few examples of the significant technological advancements in diabetes care that the medical device industry has seen. Advanced technological systems have increased the ability to manage diabetes and made it feasible to establish tight control while enabling patients, children, and families with a more flexible schedule and food. Currently available digital diabetes care options are competitive with their analog counterparts, such as prefilled syringes, glucose meters, test strips, and insulin pumps. The World Health Organization predicted that diabetes will be the seventh-largest cause of mortality at the end of 2030. Stress, sedentary lives, bad diets, and obesity are the key risk factors for developing diabetes. Changes in physiology associated with aging also contribute significantly to developing diabetes. According to diabetes prevalence estimates, the prevalence of diabetes increases with age.
Artificial Intelligence Implementation in Diabetes Care Equipment Creates Tremendous Opportunities
AI is a rapidly developing field, and its use in diagnosing and treating diabetes has completely changed how this long-term illness is handled. Predictive algorithms for the likelihood of developing diabetes and its complications have been created using machine learning principles. Digital therapeutics have proven to be an effective lifestyle treatment intervention for the control of diabetes. Patients are increasingly empowered for diabetic self-management, and clinical decision support benefits patients and healthcare professionals. Technological advancements have helped to optimize diabetes resource utilization. These sensible technological innovations have improved glycemic management, decreased fasting and postprandial glucose levels, glucose excursions, and glycosylated hemoglobin.
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North America will dominate the market due to the proliferation of smart consumer devices and the development of AI-based services. In addition, the region is in the subsequent phase of the digital transformation of concepts such as the IoT, big data, machine learning, and robotics. Asia-Pacific is anticipated to have exponential growth over the forecast period due to introducing new products and a considerable diabetes population.
Competitive Players in the Global Digital Diabetes Management market
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Global Digital Diabetes Management Market: Segmentation
Table of Content and Figure @ https://straitsresearch.com/report/digital-diabetes-management-market/toc
Diabetes Devices Market Size Worth USD 30,412.19 million by 2030
Increasing Prevalence Of Diabetes, Due To Lifestyle And Dietary Changes, To Drive Market Growth
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