Asia Pacific Digital Diabetes Management Market to Record Remarkable Revenue USD 12 Billion by 2027

Author : Ronak Bora | Published Date : 2021-09-02 

Asia Pacific digital diabetes management market size is expected to surpass $12 billion by 2027. Asia Pacific has been witnessing a surge in demand for digital diabetes management solutions owing to the region's increasing ageing population and growing diabetes prevalence. In 2019, an estimated 1.5 million deaths were caused by diabetes.

Devices and services are both part of digital diabetes control solutions. Medtronic Plc, Abbott Laboratories, Insulet Corporation, Dexcom, Inc., F. Hoffmann-LA Roche Ltd., Companion Medical, Tandem Diabetes, Glooko Inc., and Ypsomed are among the key digital diabetes management product companies in Asia Pacific.

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Increasing adoption of smart CGM systems

Asia Pacific digital diabetes management market share from the smart CGM segment exceeded USD 950 million in 2020. The periodicity with which glucose levels are monitored is determined by the type of diabetes. A continuous glucose monitor (CGM) is a system that displays glucose readings, trends, and warnings on the user’s mobile device. As more data is offered to healthcare practitioners and patients, rapid feedback to patients yields better results. These product advantages are driving digital diabetes management market trends.

Increasing diabetes cases across China

In 2020, China held a share of more than 19% in Asia Pacific digital diabetes management market. China has the world's biggest diabetes population, with a prevalence rate of 10.9%, and the bulk of it is reliant on insulin.

As per the International Diabetes Federation, more than 116 million Chinese individuals were living with diabetes in 2019. As a result, the nation is likely to continue its dominating position in APAC, owing to the existence of more than 54 million people with impaired glucose tolerance.

Growing number of type 2 diabetic patients

Type 2 diabetes (also known as non-insulin-dependent diabetes or adult-onset diabetes) is caused by the body's poor utilisation of insulin. The greater portion of diabetics have type 2 diabetes. This kind of diabetes is caused mostly by high body weight and inactivity. Since nearly 80-90% of the total diabetic patients suffer from type 2, the industry share from the segment is expected to rise at more than 19.5% CAGR through 2027.

Growing product availability across India

India digital diabetes management industry share is expected to grow at a CAGR of roughly 21% through the coming years. The Asia Pacific digital diabetes management market value is influenced by variables such as improved healthcare facilities, availability of advanced medical devices, and an increase in diabetic expense. The presence of a large diabetic population, as well as the rising acceptance of digital diabetic devices is likely to promote the adoption of these solutions.

Rising deployment across homecare settings

Asia Pacific digital diabetes management market share across homecare settings is estimated to expand at a rate of more than 19.8% through 2027. The growing knowledge regarding diabetes preventative care, along with the user-friendly interface of digital diabetes devices, is driving the demand for homecare devices. The existence of a high percentage of senior population is promoting the use of at-home digital diabetes devices due to their convenience.

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Type 1 diabetics are required to monitor their blood glucose levels at regular intervals in order to alter insulin doses correctly. CGM systems eliminate the need for finger pricking to measure blood sugar levels. It provides a more thorough picture of blood glucose patterns and trends than typical regular screening of glucose levels at predetermined intervals.

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    Paid sources    Unpaid sources

1.3.2    Primary

Chapter 2   Market Summary

2.1    Asia Pacific digital diabetes management market 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

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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