Asia Pacific Digital Diabetes Management Market to Reach USD 12 Billion by 2027

According to a recent study from market research firm Graphical Research, the Asia Pacific digital diabetes management market size is poised to expand at substantial CAGR during the forecast period. The Asia Pacific digital diabetes management industry is constantly witness new developments with the increasing number of diabetic patients in the region. Elderly citizens account for a large proportion of these patients. The rise in diabetes occurrence can be associated with sedentary lifestyles, unhealthy diets, and conditions such as obesity. these factors are increasingly driving new investments in the healthcare sector.

Digital diabetes management solutions include a variety of devices that can be connected via smartphones, and services such as applications and software. This includes solutions for insulin delivery and blood glucose monitoring that can be connected with smartphones via applications. It is estimated that the Asia Pacific digital diabetes management market size will hit USD 12 billion by the year 2027.

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The different types of digital diabetes management devices include CGMs, smart glucose monitors, insulin pens, insulin pumps, and patches. The demand for insulin pens is likely to grow at a CAGR of 21.3% in the forthcoming years. Manufacturers are constantly working on developing novel products and technologies in collaboration with leading market players.

The CGM segment generated USD 950 million in 2020 and will witness a substantial demand over the next few years. Smart CGMs are highly reliable and offer greater efficacy in the reduction of hypoglycemia and delivery of the target glucose range.

The number of type-2 diabetes patients in the region has increased considerably in recent years. In fact, it is the most common form of diabetes affecting 80-90% of the population. APAC digital diabetes management industry size form the type-2 diabetes patient segment is likely to grow at a CAGR of 19.5% over the forthcoming years.

Hospitals have been among the leading adopters of diabetes control solutions. Considering the risk of complication or mortality involved, diabetic patients usually have higher hospital. Many of these patients prefer hospitals for diabetes treatment as they offer quality patient care and are equipped with advanced equipment. The adoption of digital diabetes care solutions across hospitals will rise at a CAGR of about 19.3% in the future.

Meanwhile, APAC digital diabetes management industry share from the homecare segment is set to witness a robust 19.8% CAGR up to 2027, with the availability of a vast range of products and solutions that are user friendly and provide the required preventive care which patients can utilize at the comfort of their homes. These products are likely to witness widespread adoption across the elderly patient segment. 

China has one of the highest number of diabetic patients in the world. In 2019, nearly 116 million people in the country were living with diabetes, according to the International Diabetes Federation. In addition, cost of diabetes per person reached USD 936.2 during the same year from around USD 115 in back in 2010. China captured a market share of over 19% in 2020 and will dominate the industry trends in the coming years.

Meanwhile, in India, the government has launched numerous programs to raise public awareness regarding diabetes and reduce the increasing diseases burden. Driven by increasing healthcare investments, the digital diabetes management industry in India is projected to grow at a 21% CAGR through 2027.

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Ongoing developments in the field of connected devices and AI are expected to have a key impact on how modern digital diabetes care solutions perform. Researchers in the space are utilizing these advanced technologies to harness patient’s data to study and better understand diabetes occurrence patterns and launch advanced solutions.

Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1   Market definitions

1.2   Forecast assumptions

1.3   Data sources

1.3.1   Secondary

1.3.1.1   Paid sources

1.3.1.2   Unpaid sources

1.3.2   Primary

Chapter 2   Market Summary

2.1   Asia Pacific digital diabetes management industry summary, 2016 – 2027

2.1.1   Country trends

2.1.2   Product type trends

2.1.3   Patient type trends

2.1.4   End-use trends

Chapter 3   Market Analysis

3.1   Industry segmentation

3.2   Industry outlook, 2016 – 2027 (USD Million)

3.3   Major factor analysis

3.3.1   Drivers

3.3.1.1   Growing diabetes populations base

3.3.1.2   Advent of artificial intelligence and big data in diabetes devices

3.3.1.3   Rising healthcare expenditure on diabetes

3.3.1.4   Growing awareness about technologically advanced products

3.3.1.5   Favorable reimbursement policies

3.3.1.6   Rising number of product launches

3.3.1.7   Increasing technological collaboration

3.3.2   Restraints & challenges

3.3.2.1   High cost of advanced devices

3.4   Analysis of COVID-19 impact on the industry

3.5   Porter’s analysis

3.6   Competitive review, 2020

3.7   PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1681/asia-pacific-digital-diabetes-devices-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Us:

Parikhit B.

Corporate Sales,

Graphical Research

Phone: 1-800-986-6917

Email: sales@graphicalresearch.com

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