From 2022 to 2032, the market for diabetes management software is expected to grow at a CAGR of 9.9%. The market for diabetes management software is currently estimated to be worth US$25.85 billion, but by the end of 2032, it’s expected to be worth US$66.26 billion.
The convenience of use at home, the usability of contemporary digital diabetes testing equipment, and the simplicity of data sharing with specialists via digital platforms are key factors influencing the demand for diabetes management software in self/home healthcare settings.
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What Impact Do Startups Have on the Market for Diabetes Management Software?
New partnerships and product developments provide new market players with business opportunities. Startups are concentrating on releasing convenient and innovation-driven versions to broaden their product line.
For illustration:
The insulin patch is a technological advancement for the insulin administration system. F. Hoffmann-La Roche Ltd. is the manufacturer of the insulin patch pump. It is a patch with partially reusable, partially disposable components.
iSenz is a product offered by inGageIT Digital Health for people with insulin-dependent diabetes. The dose is automatically monitored and updated. Additionally, it includes a monitoring system for non-invasive injections.
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Key Segments Covered in Diabetes Management Software Industry Research
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Diabetes Management Software Market by Device :
- Wearable Devices
- Handheld Devices
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Diabetes Management Software Market by Application :
- Diabetes & Blood Glucose Tracking
- Obesity & Diet Management
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Diabetes Management Software Market by End User :
- Self/Home Healthcare
- Hospitals & Specialty Diabetes Clinics
- Academic & Research Institutes
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Diabetes Management Software Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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