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Europe Digital Diabetes Management Market to Exceed $14 Bn by 2027

European Digital Diabetes Management Market size is anticipated to reach USD 14 billion by 2027, according to a latest forecast report by Graphical Research. Increasing incidence of diabetes and rising number of product launches will influence the market growth.

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Europe Digital Diabetes Management Market to Exceed $14 Bn by 2027

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  1. Europe Digital Diabetes Management Market to Exceed $14 Bn by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. European Digital Diabetes Management Marketsize is anticipated to reach USD 14 billion by 2027, according to a latest forecast report by Graphical Research. Increasing incidence of diabetes and rising number of product launches will influence the market growth. Increasing prevalence of diabetes and growing awareness about diabetes management & control are among the key factors contributing to the European digital diabetes management market revenue. According to the International Diabetes Federation, there were more than 36 million people were living with impaired glucose tolerance in Europe in 2019. The incidence of diabetes is increasing in Europe, due to unhealthy diet, physical inactivity, and obesity. Furthermore, presence of major players in region and speedy FDA approval will stimulate market expansion. Rising healthcare expenditure to diabetes in Europe coupled with rapid technological advancement are the factors contributing to the market growth. In addition, availability of better insurance coverage and supportive health insurance policies by government will also aid in market size. Devices segment is estimated to observe a growth rate of 18.5% between 2021 and 2027. Technological advancements and implementation of government awareness campaigns will also boost the segment demand. For instance, in October 2018, an online learning zone launched by Diabetes UK to help people in managing and understand their diabetes. Thus, such initiatives will spread awareness among people regarding the usage of diabetes devices. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3hStRKv Request for customization @ https://bit.ly/2QR4Wf3 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Type 2 diabetes patients’ segment is projected to register 18.4% growth from 2021 to 2027 led by presence of growing type 2 patient pool and increasing use of diabetes devices and services. Moreover, increasing number of undiagnosed type 2 diabetes patients in the region will augment the market size. Hospitals segment held around USD 1.3 billion revenue in 2020. Presence of large geriatric population and increasing use of digital diabetes devices & services among aged population are contributing to the segment growth. According to the Eurostat, in 2019, more than 20% of EU-27 population was aged 65 years and over. UK digital diabetes management market size exceeded USD 415 million in 2020. Increasing number of diabetes cases coupled with favorable reimbursement policies will spur customer adoption. According to the International Diabetes Federation, there were more than 2.6 million adults were living with diabetes in 2019. Moreover, rising healthcare expenditure to diabetes is also adding growth to the market. The total healthcare expenditure to diabetes has risen from USD 7,647.9 million in 2010 to USD 14,081.6 million. Major industry players are include Abbott Laboratories, Medtronic Plc, Insulet Corporation, F.Hoffmann-LA Roche Ltd., Dexcom, Inc., Companion Medical, Ypsomed, Tandem Diabetes, and Glooko, Inc, among several others. These market players are undertaking various market strategies initiative such as mergers and acquisitions, technological collaboration, license & partnership, and product innovation. Furthermore, growing FDA approvals and favorable reimbursement policies are increasing product launches. For instance, in February 2020, Dexcom received European approval for its G6 CGM system. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segmentation of Europe Digital Diabetes Management Market : • Europe Market, By Product Type, 2016-2027 (USD Million) • Devices • By device • Smart Blood Glucose Meters • Smart CGM • By device type • Handheld • Wearable  • Services  • Europe Market, By Patient Type, 2016-2027 (USD Million) • Type 1 • Type 2 • Europe Market, By End-use, 2016 – 2027 (USD Million) • Hospitals • Home settings • Diagnostics centers & clinics • Others ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. The above information has been provided for the following countries: • Europe • Germany • UK • France • Italy • Spain • Russia • Ukraine • Poland • Switzerland • Belgium • Greece • Czech Republic • Others ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research  Phone:1-800-986-6917Email:sales@graphicalresearch.com Web: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  8. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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