Transparency Market Research recently published a report on the smart diabetes management market that offers incisive insights on the growth of the market throughout the forecast period of 2019 to 2027. The study highlights key details such as the drivers, restraints, challenges, and opportunities in the smart diabetes management market. Additionally, it provides a deep dive into the market dynamics to help readers make important business-related decisions.
The study on the smart diabetes management market provides stakeholders with key market figures pertaining to the sales and revenue in the market. Further, the report sheds light on the key revenue pockets in regional markets, and the prominent strategies adopted by companies to strengthen their foothold in these markets. The information presented in the report on the smart diabetes management market can be leveraged by researchers, industry leaders, intermediaries engaged in manufacturing smart diabetes management devices, and other industry professionals.
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Global Smart Diabetes Management Market Witness Most Promising Rise in Demand:
According to Transparency Market Research’s latest market report on the smart diabetes management market for the historical period of 2017-2018 and forecast of 2019-2027, favourable reimbursements for digital diabetes management products and surge in the adoption of technologically-advanced products are key factors that are likely to boost the smart diabetes management market.
According to the report, the global smart diabetes management market was valued at ~ US$ 3.7 Bn in 2018. The smart diabetes management market is projected to grow at a CAGR of ~ 15% during the forecast period – 2019 to 2027.
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The global smart diabetes management market features a highly consolidated vendor landscape, with the top three players accounting for ~ 73% of the market share in 2018. Medtronic alone accounted for ~ 43% of the market share, and is expected continue to stay high on the growth ladder throughout the forecast period. A diverse product portfolio, new product launches and approvals, and strong regional presence is what helped it attain a leading position in the market. Dexcom, Inc. accounted for ~ 22% market share, which was mainly driven by a robust distribution network coupled with new product launches. It was followed by F. Hoffmann-La Roche Ltd occupying ~ 7% market share, mainly due to a strong geographical reach and product portfolio.
Key Players of Smart Diabetes Management Market Report:
Key players operating in the global Smart Diabetes Management market include: Insulet Corporation
Abbott, Jiangsu Delfu medical device Co., Ltd, DIAMESCO CO., Ltd., LifeScan, Inc., Glooko, Inc., GlucoMe.
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