Robust trends are expected to power the global digital diabetes management market.
Did you know that more than 463 million adults worldwide were living with diabetes in 2019? The International Diabetes Federation (IDF) estimates that this figure will hit nearly 700 million by 2045. The need for accurate, personalized, and evidence-based care solutions is driving constant new trends and developments in the digital diabetes management industry. In addition, the IDF states that elderly people with pre-existing medical conditions such as diabetes tend to be more vulnerable to getting severely ill during the coronavirus outbreak. Viral infections such as COVID-19 may be harder to treat among people with fluctuations in blood glucose levels as well as face the risk of complications. These factors are contributing to the global traction digital solutions for diabetes monitoring and management have been making. Many diabetes patients are investing in advanced care solutions to manage the condition remotely and avoid hospital visits amid the outbreak. The sustained nature of the COVID-19 pandemic indicates that the adoption of such devices and solutions in homecare settings will continue to increase over the next few years. Robust trends will power the global digital diabetes management market, which is slated to reach a valuation of about $54 billion by 2027. Type-2 Diabetes Highly Prevalent but also Highly Manageable Type-2 diabetes is the most prevalent form of diabetes. In fact, it accounts for nearly 90–95% of all diagnosed diabetic adults, according to the CDC. People suffering from type-2 diabetes are at a significantly higher risk of death compared with people of the same age without diabetes, making it one of the leading causes of mortality. It is also known to increase the risk of heart disease, stroke, hypertension, kidney disease, and nervous system complications. According to Global Market…
Global Market Insights, Inc.
A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Kadam blends his technical knowledge and expertise to pen down articles for numerous online portals.