Digital Diabetes Management Industry is anticipated to register 20.6% CAGR between 2022 and 2030 due to expanding base of diabetic population coupled with higher adoption of smart devices.
SELBYVILLE, Del., June 1, 2022 /PRNewswire/ — The digital diabetes management market value is projected to reach USD 86.4 Billion by 2030, according to a new research report by Global Market Insights Inc. Increasing prevalence of diabetes coupled with growing awareness regarding preventive care is anticipated to fuel the market expansion.
Increasing number of diabetes patients, globally, is driving the adoption of digital diabetes management products. High disease prevalence is primarily due to increasing incidence of obesity and adoption of sedentary lifestyle. Further, the pervasiveness of diabetes is highest in geriatric population, thus, the expanding elderly pool will ultimately contribute to the overall burden of diabetes worldwide.