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Digital Diabetes Management Market size is set to grow by USD 19.12 billion from 2024-2028, Rising global burden of diabetes boost the market, Technavio

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NEW YORK, Aug. 1, 2024 /PRNewswire/ — The global digital diabetes management market size is estimated to grow by USD 19.12 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  21.99%  during the forecast period. Rising global burden of diabetes is driving market growth, with a trend towards integration of ai in wearable medical devices. However, stringent regulatory framework in digital diabetes management  poses a challenge. Key market players include Abbott Laboratories, B.Braun SE, Becton Dickinson and Co., DarioHealth Corp., Dassault Systemes SE, decide Clinical Software GmbH, Dexcom Inc., F. Hoffmann La Roche Ltd., Glooko Inc., GlucoMe Ltd., Informed Data Systems Inc. And One Drop., Insulet Corp., LifeScan IP Holdings LLC, Medtronic Plc, Orpyx Medical Technologies Inc., PHC Holdings Corp., Sharecare Inc., SOCIALDIABETES SL, Tandem Diabetes Care Inc., and WaveForm Technologies Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Digital Diabetes Management Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 21.99%

Market growth 2024-2028

USD 19.12 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.14

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 46%

Key countries

US, Germany, France, UK, and China

Key companies profiled

Abbott Laboratories, B.Braun SE, Becton Dickinson and Co., DarioHealth Corp., Dassault Systemes SE, decide Clinical Software GmbH, Dexcom Inc., F. Hoffmann La Roche Ltd., Glooko Inc., GlucoMe Ltd., Informed Data Systems Inc. And One Drop., Insulet Corp., LifeScan IP Holdings LLC, Medtronic Plc, Orpyx Medical Technologies Inc., PHC Holdings Corp., Sharecare Inc., SOCIALDIABETES SL, Tandem Diabetes Care Inc., and WaveForm Technologies Inc.

Market Driver

The digital diabetes management market is experiencing significant growth due to increased innovation and technological advancements. Manufacturers are designing more compact, light, and ergonomic wearable medical devices using technologies such as system-on-chip (SoC) and chip-scale package (CSP). Devices like the MiniMed 670G system and KTrack Glucose offer advanced features, such as automated insulin delivery and real-time glucose monitoring on a smartwatch. The FreeStyle Libre system by Abbott, a 14-day continuous glucose monitoring system, is another example of technological innovation. The integration of AI into mobile-based diabetic management and the availability of advanced products have revolutionized diabetic monitors. Smart wearable diabetic management systems with wireless technology are becoming increasingly popular. These advancements are expected to drive the growth of the global digital diabetes management market during the forecast period. 

Digital diabetes management is a growing market with innovative trends transforming diabetes care solutions. Apps, cloud-based enterprise solutions, and AI technology lead the way. AI and machine learning use algorithms to analyze data from handheld devices, wearable devices, and smart insulin meters for continuous glucose monitoring. Insulin delivery devices like smart insulin pumps, closed-loop pumps, and wearable insulin patches offer automated insulin delivery and dosing algorithms. Data management software and big data analytics help healthcare providers monitor diabetes patients remotely. Obesity management is also a focus with fitness trackers, wearable medical devices, and smartwatches. Type 1 and Type 2 diabetes patients benefit from exercise guidance, insulin monitoring, and insulin injection guidance. Digital technologies are revolutionizing diabetes care, reducing patient visits, and improving lifestyle patterns. 

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Market Challenges

The digital diabetes management market is witnessing significant growth due to the increasing prevalence of diabetes and the modernization of medical devices. However, stringent medical device regulations in both Europe and the US pose challenges for vendors offering advanced digital diabetes management devices. The US FDA classifies diabetes care management devices as Class II, and failure to comply with these regulations can lead to product recalls, negatively impacting a company’s brand reputation. For instance, F. Hoffmann-La Roche experienced a recall of its ACCU-CHEK Flex Link Plus infusion sets due to kinked or bent cannulas, leading to under-delivery of insulin and potential elevation of blood glucose levels. Vendors must undergo rigorous postmarket approvals to ensure compliance with these regulations and maintain patient safety. The regulatory focus on robust surveillance systems, enhanced postmarket regulations, and improved monitoring of devices in Europe and the US can potentially hamper market growth during the forecast period.The digital diabetes management market is growing rapidly as more diabetes patients turn to remote monitoring and digital technologies for managing their condition. Big data analytics and AI technology are key drivers, enabling real-time insulin monitoring, injection guidance, and diabetes prediction. Remote patient monitoring through wearable medical devices like fitness trackers, smartwatches, and activity monitors, as well as handheld devices and smartphone apps, are popular solutions. Hospitals, diagnostic centers, and home settings are major segments. Challenges include ensuring accuracy and reliability, integrating with insulin delivery devices like insulin pens and patches, and addressing the needs of Type 1 and Type 2 diabetes patients. Healthcare providers must adapt to these digital solutions to improve patient outcomes and reduce costs. Digital technologies like automated insulin delivery and insulin dosing algorithms are revolutionizing diabetes care, while lifestyle patterns and pancreas function analysis are essential for effective management.

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Segment Overview 

This digital diabetes management market report extensively covers market segmentation by  

End-user 1.1 Hospitals1.2 Home settings1.3 Diagnostic centersType 2.1 Wearable devices2.2 Hand-held devicesGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Hospitals-  The hospital segment in digital diabetes management refers to the utilization of digital tools and technologies for diabetes management within healthcare facilities. This segment encompasses mobile applications, online platforms, electronic health records (EHRs), medical devices, and telehealth services. Hospitals employ remote patient monitoring through glucose monitoring devices, enabling continuous blood sugar level tracking and prompt action. Diabetes education and self-management resources are provided via interactive tools, mobile apps, and online courses. EHRs facilitate access to accurate patient data, enhancing care coordination and reducing medical errors. Telehealth services offer remote consultations, saving patients time and money, while medical device integration enables real-time data collection and analysis. Data analytics and decision support systems help healthcare professionals identify trends and insights for personalized treatment plans. By implementing digital solutions, hospitals enhance patient care, expand access to healthcare services, and empower patients to actively manage their diabetes, fueling the growth of the global digital diabetes management market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Digital diabetes management refers to the use of technology to help diabetes patients effectively manage their condition. This includes a range of solutions such as apps, cloud-based enterprise solutions, and handheld devices. Artificial intelligence (AI) and machine learning algorithms are increasingly being used to analyze big data and provide personalized insulin monitoring, diabetes prediction, exercise guidance, and more. Obesity, a common comorbidity in diabetes, can also be addressed through digital solutions that promote healthy lifestyle choices. Remote patient monitoring allows healthcare providers to keep track of patients’ glucose levels and other vital signs in real-time, whether in hospitals, diagnostic centers, or home settings. Solutions like smart insulin pens, insulin pumps, patches, and smartwatches are making diabetes management more convenient and efficient for patients. AI technology is also being explored for closed-loop systems that can automatically adjust insulin doses based on real-time glucose readings. The geriatric population, a growing segment of diabetes patients, can particularly benefit from these digital solutions due to their ease of use and ability to improve health outcomes.

Market Research Overview

Digital diabetes management refers to the use of technology and digital health solutions to help diabetes patients effectively manage their condition. This includes a range of offerings such as diabetes care apps, cloud-based enterprise solutions, and handheld devices. Artificial intelligence (AI) and machine learning algorithms are increasingly being used to analyze patient data, including glucose levels, lifestyle patterns, and insulin dosing, to provide personalized insulin monitoring, injection guidance, and diabetes prediction. Wearable devices like smartwatches, fitness trackers, and continuous glucose monitoring systems are also popular in digital diabetes management. Obesity, a common comorbidity in diabetes, can also be addressed through these solutions. Digital diabetes management caters to both Type 1 and Type 2 diabetes patients in various settings, including hospitals, home settings, and diagnostic centers. Big data analytics and AI technology enable healthcare providers to remotely monitor patients and offer timely interventions. Insulin delivery devices, such as smart insulin pumps, closed-loop pumps, and smart insulin patches, are also part of the digital diabetes management landscape. Digital technologies are transforming diabetes care, making it more accessible, personalized, and effective.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userHospitalsHome SettingsDiagnostic CentersTypeWearable DevicesHand-held DevicesGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Automotive Seat Heater Market to Reach $5.5 Billion, Globally, by 2033 at 6% CAGR: Allied Market Research

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September 20, 2024

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Key factors contributing to the growth of the automotive heat seater market include advancements in heating technology, such as the integration of more efficient heating elements and improved temperature control systems.

WILMINGTON, Del., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive seat heater Market by Type (Carbon Heater and Composite Heater), Vehicle Type (Passenger Cars and Commercial Vehicles), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the automotive seat heater market was valued at $3.1 billion in 2023, and is estimated to reach $5.5 billion by 2033, growing at a CAGR of 6% from 2024 to 2033.

The global automotive seat heaters market is driven by increased demand for comfort and customization. As increasing numbers of individuals utilize the roads, the number of affordable vehicles available in recent years has skyrocketed. As a result, there is a greater need for vehicles with interiors that are both visually appealing and practical. The market for vehicle interior materials is being driven by rising consumer demand for customization and technical developments across the industry. In response to client demand, companies are now offering customization choices for creating modern interiors. Consumers increasing health consciousness is also driving the development of environmentally friendly automotive interior materials that contribute to increased comfort. 

Request Sample of the Report on Automotive Seat Heater Market   Forecast 2033: https://www.alliedmarketresearch.com/request-sample/A323768

Prime determinants of growth 

The growing level of competition in the automotive industry is a primary driver of the automotive seat heater market’s expansion. Furthermore, improving consumer affordability, rising consumer income, and the availability of easy financing to purchase a vehicle are all driving forces in the global automobile sector. Furthermore, expansion in the automobile industry causes growth in the global market. Rising popularity of carbon fiber technology, rising demand for comfort and energy efficiency in vehicles, and rising preferences for high-end passenger cars are some of the major and insightful factors that will most likely drive the growth of the automotive seat heater market during the forecast period. The health benefits, such as reduction from discomfort backs and rapid warming, are driving market expansion. The expanding aftermarket sales of car seat heaters are driving the market forward.

Have a Question? Connect to our Analyst – https://www.alliedmarketresearch.com/connect-to-analyst/A323768

By Type 

The carbon heater segment is expected to grow faster throughout the forecast period.

The carbon heater segment is anticipated to experience faster growth in the automotive seat heater market. Carbon fiber meshed weave heating pads will remain the largest market segment as this type of seat heater ensures good strength and requires very low voltage to produce heat. a growing preference for energy-efficient and environmentally friendly components, aligning with the broader push towards sustainable automotive solutions. The integration of advanced technologies, such as automatic climate control systems that adjust seat heating based on ambient temperature and individual preferences, is becoming increasingly popular.  

By Vehicle Type

The passenger car segment is expected to grow faster throughout the forecast period.

The passenger car segment is anticipated to experience growth in the automotive seat heater market. The increasing expenditure on passenger and driver comfort. The development of premium features and the surge in passenger vehicle numbers in Europe and North America significantly contribute to this growth. Additionally, there is a rising demand for SUVs and luxury vehicles in emerging markets. Automotive manufacturers are continuously innovating electronic technologies, which create new opportunities for the application of heated seats in passenger cars. This trend is further bolstered by the emphasis on enhancing vehicle comfort and the integration of advanced climate control systems. 

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By Sales Channel

The aftermarket segment is expected to grow faster throughout the forecast period.

The aftermarket segment is anticipated to experience growth in the automotive seat heater market. One of the standardization of temperature control seats in various mid-range and high-end vehicles is helping the OEM section of the automobile seat heater industry. Seat heater replacement rates are predicted to rise due to excessive wear and tear, as well as changing climatic circumstances in cold locations, driving up aftermarket sales. When compared to OEM products, aftermarket products are more cost-effective. Furthermore, owners of vehicles without seat heaters add this equipment in the aftermarket, which boosts seat heater aftermarket sales.

By Region

Europe to maintain its dominance by 2033.

Europe is expected to maintain its dominance in the automotive heat seater market by 2033 owing to robust industrialization, infrastructural development, and growing investments in automotive and manufacturing sectors. has witnessed a surge in the popularity and necessity of automotive seat heaters. As the nation’s economy expands and consumer prosperity grows, there is a corresponding increase in the demand for vehicles equipped with advanced comfort amenities. Once considered a luxury, seat heaters are now becoming more accessible to a wider demographic, fueling their adoption among consumers.

Europe will maintain its pivotal role as a significant market for automotive seat heaters. This is primarily due to the increasing demand from end users who prioritize cabin comfort, especially in the winter months. Seat heaters are favored for their ability to significantly enhance occupant comfort during this season.

Players: –

Continental AGPanasonic CorporationGentherm IncorporatedII-VI IncorporatedRoadwire LLCRostra Precision Controls Inc.Firsten Automotive Electronics Co., Ltd.Guangzhou Tachibana Electronic Co., Ltd.SINOMASChampion Auto Systems

The report provides a detailed analysis of these key players in the global automotive seat heater market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Industry News

In August 2020, Lear and Gentherm introduced INTU™ Thermal Comfort Seating with ClimateSense™ Technology.

For More In-depth Insights: https://www.alliedmarketresearch.com/automotive-seat-heater-market-A323768

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AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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/R E P E A T — MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement/

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VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

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SOURCE Natural Resources Canada

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Olink Proteomics Announces the ‘Olink Proteomics World’ Virtual Conference: A Novel Platform Exploring the Latest Advancements in Proteomics and Proteogenomics

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The ‘Olink Proteomics World’ Virtual Conference will bring together scientists from around the globe to explore the latest advancements in proteomics and proteogenomics across fields such as immunology, oncology, neuroscience, aging, and inflammation on September 26th, 2024.

WALTHAM, Mass., Sept. 20, 2024 /PRNewswire-PRWeb/ — Olink Proteomics, part of Thermo Fisher Scientific, a leading provider of advances proteomics solutions, is exited to announce its upcoming virtual conference, Olink Proteomics World, on September 26th, 2024.

The digital event features presentations from esteemed scientists and provides a platform to connect with peers, identify potential collaborations, and explore advanced protein biomarker discovery tools and results.

This innovative virtual conference will bring together scientists from around the globe to explore the latest advancements in proteomics and proteogenomics across fields such as immunology, oncology, neuroscience, aging, and inflammation. The digital event features presentations from esteemed scientists and provides a platform to connect with peers, identify potential collaborations, and explore advanced protein biomarker discovery tools and results.

Our lineup of esteemed presenters will cover a wide range of topics, including:

The Aged Tumor Microenvironment: Understanding how aging influences the tumor microenvironment and its implications for cancer therapy.Infectious Diseases Dynamics: Unravelling how proteomics can enhance our understanding and management of infectious diseases.Alzheimer’s Diagnostics and Disease Monitoring: Exploring the latest tools and biomarkers for early detection and monitoring of Alzheimer’s disease.Aging Mechanisms: Insights into the biological processes of aging and how they can inform healthcare strategies.Predicting Disease Risks: Utilizing multiomics data to forecast disease risks and improve preventive measures.Genetics and Proteomics of Obesity: Investigating the complex interplay between genetics, proteomics, and obesity.Microbiome Transplantation Effects: Evaluating the impact of faecal transplants on human health and disease.Biomarker Discovery in Multiple Sclerosis: Cutting-edge research on identifying biomarkers for better diagnosis and treatment of Multiple Sclerosis.

In addition to these topics, our speakers will delve into various aspects of multiomics research, offering insights into how integrated approaches are shaping the future of personalized medicine and healthcare.

To see the full agenda and list of speakers for this event click here.

In addition to expert presentations, attendees can participate in interactive sessions, visit the digital poster hall, and engage in real-time Q&A sessions with speakers.

For further information about the event & to register for free, click here.

About Olink Proteomics
Olink’s mission is to accelerate proteomics together with the scientific community, to understand real-time biology and gain actionable insights into human health and disease. Our innovative solutions deliver highly sensitive and accurate protein quantification, giving scientists the power to investigate complex biological processes with precision.

About Labroots
Labroots is the leading scientific social networking website, & primary source for scientific trending news & premier educational virtual events & webinars & more. Contributing to the advancement of science through content sharing capabilities, Labroots is a powerful advocate in amplifying global networks & communities. Founded in 2008, Labroots emphasizes digital innovation in scientific collaboration & learning. Offering more than articles & webcasts that go beyond the mundane & explore the latest discoveries in the world of science, Labroots users can stay atop their field by gaining continuing education credits from a wide range of topics through their participation in the webinars & virtual events.

Media Contact

Akshay Masand, Labroots, 714-463-4673, akshay.masand@labroots.com, https://olink.com/ 

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