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Mergers & Acquisitions is a print and digital magazine, and news website that offers daily email newsletters and social media channels informing about private equity firms, strategic acquirers, investment banks. It is based in Wilton, Connecticut.
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Feb 21, 2024
News provided by Share this article Share toX JERSEY CITY, N.J., Feb. 21, 2024 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Global Digital Diabetes Management Market - (By Devices (Smart Glucose Meters, Continuous Glucose Monitoring Systems, And Smart Insulin Pens, Smart Insulin Pumps/ Closed-Loop Pumps & Smart Insulin Patches), Application (Diabetes & Blood Glucose Tracking Apps, Obesity & Diet Management Apps), Data Management Software & Platforms And Services), By Device Type (Handheld And Wearable Devices), By End-User(Self/Home Healthcare, Hospitals & Speciality Diabetes Clinics And Academic & Research Institutes))), Trends, Industry Competition Analysis, Revenue and Forecast To 2031." "Digital Diabetes Management Market" in terms of revenue was estimated to be worth $18.11 billion in 2023 and is poised to reach $49.48 billion by 2031, growing at a CAGR of 13.58% from 2024 to 2031 according to a new report by InsightAce Analytic. Digital Diabetes Management Market Report Scope: Report Attribute USD 18.11 Bn Quantitative Units Historic Year Report Coverage The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends Segments Covered Regional Scope Country Scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia Recent Developments: In January 2024, Tandem Diabetes Care, Inc. announced that their t: slim X2 insulin pump with Control-IQ technology is the first AID system to connect with Abbott's latest continuous glucose monitoring (CGM) device, the FreeStyle Libre 2 Plus. In November 2023, Ascensia Diabetes Care Poland was recognized as a Great Place to Work by the esteemed organization. Ascensia Diabetes Care is a worldwide leader in diabetes care, known for its CONTOUR Blood Glucose Monitoring (BGM) System portfolio and its exclusive distribution of Eversense Continuous Glucose Monitoring (CGM) Systems. In October 2023, Insulet recently made headlines when it announced that the FDA had cleared its Omnipod 5 App for iPhone under the 510(k) program. This makes Insulet the only company in the world to offer a tubeless automated insulin delivery (AID) system that can be fully controlled from an Android or iOS smartphone. Get Free Sample Report @ https://www.insightaceanalytic.com/request-sample/1487 Latest Drivers Restraint and Opportunities Market Snapshot: Key factors influencing the digital diabetes management market are: Technological advancements Artificial intelligence and data analytics integration The following are the primary obstacles to the digital diabetes management market 's expansion: High cost Increasingly popular usage of interconnected gadgets Increase in the prevalence of diabetes Growing population Market Analysis: Digital diabetes management encompasses various tools, including insulin pens, sensors, smart glucose meters, closed-loop systems, insulin patches, and various software-based applications and platforms. The use of smart insulin pens has several advantages in the treatment of diabetes. Innovations in technology have opened the door for the market to receive incredibly versatile solutions. Another factor fueling the market's expansion is the proliferation of smartphone and Internet health-tracking apps. List of Prominent Players in the Digital Diabetes Management Market: Medtronic LifeScan, Inc Digital Diabetes Management Market Dynamics: Market Drivers: Technological Advancement Advancements in smart insulin pens are expected to propel the worldwide digital diabetes management industry. Smart insulin pens utilize the iSenz adapter to detect insulin levels. It provides the injection angles for optimizing injection sites for people with diabetes. Easylog is an adaptor that may be used with insulin pens linked to the internet. More and more individuals are keeping track of their health via their cell phones and the internet, fueling the expansion of the market. Challenges: High Cost The market's expansion will be hindered by the high expense of digital diabetes management systems and their poor uptake in developing and emerging nations. Not everyone can afford to use one of the many diabetes management programs available for mobile and desktop platforms. Doctors, nurses, and other medical staff require proper training to accurately interpret blood sugar levels. Concerns concerning patient data protection and the general public's ignorance about digital diabetes care also slow business expansion in lesser-developed nations. North America is Expected to Grow with the Highest CAGR During the Forecast Period The digital diabetes management market is likely to register a significant revenue share and develop at a rapid CAGR in the near future. This is because of the growing interest in digital health and the many people dealing with long-term health conditions. In addition, the market is being propelled forward by elements including a robust supply-side infrastructure, the quick adoption of new technologies, and sufficient reimbursements. Segmentation of Digital Diabetes Management Market- By Product & Service Smart Insulin Pens Application Obesity & Diet Management Apps For More Customization @ https://www.insightaceanalytic.com/customisation/1487 To receive a comprehensive analysis of the prospects for the global Digital Diabetes Management Market To receive an industry overview and future trends in the global Digital Diabetes Management Market To analyze the Digital Diabetes Management Market drivers and challenges To get information on the Digital Diabetes Management Market size value (US$ Mn) forecast till 2031 Major Investments, Mergers & Acquisitions in the global Digital Diabetes Management Market industry Other Related Reports Published by InsightAce Analytic: About Us: InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner. Contact Us: Follow Us On Facebook @ bit.ly/2H9jnDZ × Also from this source Enter Your Email By signing up you agree to receive content from us. Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice . 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Mergers & Acquisitions's headquarters is located at 14 Woodway Lane, Wilton.
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Mergers & Acquisitions's latest funding round is Other Investors.
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Investors of Mergers & Acquisitions include LLR Partners.