Digital diabetes mgmt market CAGR to surge 22% until 2028

Applications, cloud-based enterprise solutions, and AI are expected to drive the industry’s growth.

The global digital diabetes management market is projected to rise by $19.12b by 2028 at an estimated compound annual growth rate (CAGR) of 22%, according to Technavio.

The market is witnessing significant growth due to increased technological advancements and innovation.

“Manufacturers are designing more compact, light, and ergonomic wearable medical devices using technologies such as system-on-chip (SoC) and chip-scale package (CSP)," the report said.

Apps, cloud-based enterprise solutions, and artificial intelligence (AI) are expected to further drive market expansion within the forecast period.

AI, along with machine learning algorithms, analyses data from various devices including wearables, and smart insulin meters to provide continuous glucose monitoring and optimise insulin delivery.

Data management software and big data analytics are also enabling remote monitoring for improved diabetes management and reduced patient visits, highlighting the sector’s shift to personalised care solutions.