According to FutureWise analysis the market for digital diabetes management in 2023 is US$ 18.9 billion, and is expected to reach US$ 53.24 billion by 2031 at a CAGR of 13.8%.
Diabetes is quite prevalent across the world. As per the International Diabetes Federation (IDF), diabetes has influenced around 430 million people worldwide. In that sense, several organizations of digital health have acknowledged a chance to enable patients to control and oversee their illness. Digital diabetes management market is proliferated by expanding diabetes pervasiveness amongst patients of different age groups across the world. Problems like restricted management and learning and diabetes management amongst major partners give rise to extreme sufferings to patients and increase the cost of the treatment which prompts the guardian and parents to use digital management of diabetes that makes the diabetes management market obtain immense popularity in the upcoming years.
Similarly, expanding web entrance in developed and developing nations, increased adult diabetic population who react to industrial advancements is projected to aid the development of income for the market in the upcoming years. However, an absence of fundamental innovation, web access and framework in emerging nations is projected to significantly impact the income development of the market over the forecast period.