Market Overview:
The global diabetes wearables market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of diabetes, growing awareness about diabetes management, and technological advancements in diabetes wearables. The global diabetes wearables market is segmented on the basis of type into consumer-grade and clinical-grade devices. The consumer-grade devices segment is expected to dominate the global diabetic wearables market during the forecast period owing to their low cost and easy availability. However, clinical-grade devices are expected to grow at a higher CAGR during the forecast period as they offer advanced features such as real-time monitoring of blood sugar levels and provide alerts for high or low blood sugar levels. On the basis of application, remote patient monitoring is expected to hold a major share in the global diabetic wearables market during 2018–2030 owing to its ability track blood glucose levels over time and send alerts if any abnormalities are detected. General health & fitness applications are also gaining traction due their ability track various health parameters such as heart rate, steps taken, etc., which helps users stay healthy overall.
Product Definition:
A wearable device that monitors blood sugar levels and other health metrics for people with diabetes. Diabetes wearables can help people with diabetes better manage their condition by providing real-time information on blood sugar levels, activity, and food intake.
Consumer-grade:
Consumer-grade is used by individuals for their day-to-day activities and it's growth factor in the market of diabetes wearable devices is increasing its usage rate. Consumer grade includes products such as smartwatches, activity trackers, health monitors and other devices that are used by an individual to monitor their blood glucose levels.
Clinical-grade:
Clinical-grade is used to define the material that is intended for human use and has been tested & certified by a regulatory body. In the case of diabetes, it refers to usage of CGM/TGLP sensors by Abbott and Medtronic respectively. The other key players in this market such as Dexcom GmbH, Lifescan Inc., Novartis AG are also using clinical-grade products for their respective product lines.
Application Insights:
The general health and fitness application segment accounted for the largest revenue share in 2017. The segment is expected to grow at a significant rate over the forecast period owing to increasing demand for wearable devices that can monitor blood glucose levels, heart rates, and other vital signs. Moreover, rising awareness about calorie consumption and expenditure among individuals with diabetes is expected to drive growth over the forecast period.
Remote patient monitoring is anticipated to be one of the fastest-growing segments during the forecast period due to technological advancements in insulin delivery systems coupled with an increase in R&D investments by various companies operating in this sector such as Medtronic Plc., Novo Nordisk A/S., Pfizer Inc., Roche Ltd., Ambu A/S., and others. These companies are continuously working toward developing innovative wearables that can help patients manage their diabetes without having physical contact with healthcare providers or family members. Such innovations are likely to result in increased demand for remote patient monitoring devices over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing cases of diabetes and rising adoption of wearable devices for remote patient monitoring, home healthcare, and fitness monitoring. In addition, presence of key players such as Abbott; Nike Inc.; Google LLC; Apple Inc.; and Microsoft Corporation is also contributing towards growth in this region.
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period owing to high unmet clinical needs coupled with huge target population base in countries such as India & China & Japan etcetera – all these factors are expected to drive demand for continuous glucose monitor (CGM) systems, insulin pumps, blood pressure monitors among others which will fuel growth further.
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. According to the World Health Organization (WHO), the number of people with diabetes has quadrupled since 1980 and as of 2014, there were 422 million people living with diabetes worldwide. This number is expected to reach 642 million by 2040. This growing population is creating a large pool of potential users for diabetes wearables products.
- Rising awareness about the benefits of using wearable devices for managing chronic diseases: There is a growing awareness among consumers about the benefits of using wearable devices for managing chronic diseases such as diabetes. Wearable devices can help diabetics track their blood sugar levels, physical activity, food intake, and other health parameters on a real-time basis which can help them better manage their condition. This is driving demand for Diabetes wearables products globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diabetes Wearables Market Research Report
By Type
Consumer-grade, Clinical-grade
By Application
Remote Patient Monitoring, General Health & Fitness, Home Healthcare
By Companies
Senseonics, Sano Intelligence, GraphWear technologies, PKvitality, Pops Diabetes, PHC Holdings, LifeScan, Ascensia Diabetes Care, Abbott Laboratories, Tandem Diabetes Care, Senseonics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Diabetes Wearables Market Report Segments:
The global Diabetes Wearables market is segmented on the basis of:
Types
Consumer-grade, Clinical-grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Remote Patient Monitoring, General Health & Fitness, Home Healthcare
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Senseonics
- Sano Intelligence
- GraphWear technologies
- PKvitality
- Pops Diabetes
- PHC Holdings
- LifeScan
- Ascensia Diabetes Care
- Abbott Laboratories
- Tandem Diabetes Care
- Senseonics
Highlights of The Diabetes Wearables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Consumer-grade
- Clinical-grade
- By Application:
- Remote Patient Monitoring
- General Health & Fitness
- Home Healthcare
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Diabetes Wearables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Diabetes Wearables is a term used to describe devices that are worn by people with diabetes to help them monitor their blood sugar levels. These devices can include glucose meters, insulin pumps, and other medical equipment.
Some of the major players in the diabetes wearables market are Senseonics, Sano Intelligence, GraphWear technologies, PKvitality, Pops Diabetes, PHC Holdings, LifeScan, Ascensia Diabetes Care, Abbott Laboratories, Tandem Diabetes Care, Senseonics.
The diabetes wearables market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diabetes Wearables Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Diabetes Wearables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Diabetes Wearables Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Diabetes Wearables Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Diabetes Wearables Market Size & Forecast, 2018-2028
4.5.1 Diabetes Wearables Market Size and Y-o-Y Growth
4.5.2 Diabetes Wearables Market Absolute $ Opportunity
Chapter 5 Global Diabetes Wearables Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Diabetes Wearables Market Size Forecast by Type
5.2.1 Consumer-grade
5.2.2 Clinical-grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Diabetes Wearables Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Diabetes Wearables Market Size Forecast by Applications
6.2.1 Remote Patient Monitoring
6.2.2 General Health & Fitness
6.2.3 Home Healthcare
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diabetes Wearables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Diabetes Wearables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Diabetes Wearables Analysis and Forecast
9.1 Introduction
9.2 North America Diabetes Wearables Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Diabetes Wearables Market Size Forecast by Type
9.6.1 Consumer-grade
9.6.2 Clinical-grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Diabetes Wearables Market Size Forecast by Applications
9.10.1 Remote Patient Monitoring
9.10.2 General Health & Fitness
9.10.3 Home Healthcare
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Diabetes Wearables Analysis and Forecast
10.1 Introduction
10.2 Europe Diabetes Wearables Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Diabetes Wearables Market Size Forecast by Type
10.6.1 Consumer-grade
10.6.2 Clinical-grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Diabetes Wearables Market Size Forecast by Applications
10.10.1 Remote Patient Monitoring
10.10.2 General Health & Fitness
10.10.3 Home Healthcare
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Diabetes Wearables Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Diabetes Wearables Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Diabetes Wearables Market Size Forecast by Type
11.6.1 Consumer-grade
11.6.2 Clinical-grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Diabetes Wearables Market Size Forecast by Applications
11.10.1 Remote Patient Monitoring
11.10.2 General Health & Fitness
11.10.3 Home Healthcare
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Diabetes Wearables Analysis and Forecast
12.1 Introduction
12.2 Latin America Diabetes Wearables Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Diabetes Wearables Market Size Forecast by Type
12.6.1 Consumer-grade
12.6.2 Clinical-grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Diabetes Wearables Market Size Forecast by Applications
12.10.1 Remote Patient Monitoring
12.10.2 General Health & Fitness
12.10.3 Home Healthcare
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Diabetes Wearables Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Diabetes Wearables Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Diabetes Wearables Market Size Forecast by Type
13.6.1 Consumer-grade
13.6.2 Clinical-grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Diabetes Wearables Market Size Forecast by Applications
13.10.1 Remote Patient Monitoring
13.10.2 General Health & Fitness
13.10.3 Home Healthcare
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Diabetes Wearables Market: Competitive Dashboard
14.2 Global Diabetes Wearables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Senseonics
14.3.2 Sano Intelligence
14.3.3 GraphWear technologies
14.3.4 PKvitality
14.3.5 Pops Diabetes
14.3.6 PHC Holdings
14.3.7 LifeScan
14.3.8 Ascensia Diabetes Care
14.3.9 Abbott Laboratories
14.3.10 Tandem Diabetes Care
14.3.11 Senseonics
