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India Digital Diabetes Management Market
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India Digital Diabetes Management Market

Home Healthcare And Pharmaceutical India Digital Diabetes Management Market

India Digital Diabetes Management Market - By Product (Smart Glucose Meter, Continuous Blood Glucose Monitoring System, Smart Insulin Pens, Smart Insulin Pumps, Apps); By Device (Wearable Devices, Handheld Devices); By End Use (Hospitals, Home Settings, Diagnostic Centers); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: May 2023
  • Report ID: BWC23435
  • Available Format: PDF
  • Page: 200

Report Overview

Advent of artificial intelligence (AI) in diabetes care devices and an increasing number of diabetes patients are expected to boost the growth of India digital diabetes management market during the forecast period between 2023 and 2029.

India Digital Diabetes Management Market - Industry Trends & Forecast Report, 2029

India digital diabetes management market size was estimated to be worth USD 477.06 million in 2022. During the forecast period between 2023 and 2029, the India digital diabetes management market size is projected to grow at a CAGR of 12.99% reaching a value of USD 1,114 million by 2029. Major growth factors for the India digital diabetes management market include the rising prevalence of diabetes as well as the increasing adoption of advanced technologies such as smartwatches for better management of chronic illnesses. The expanding number of indigenous healthcare companies and brands offering digital diabetes management is anticipated to provide lucrative growth opportunities to the India digital diabetes management market.

India Digital Diabetes Management Market

India Digital Diabetes Management Market – Overview

According to the definition by the World Health Organization (WHO), diabetes is a chronic condition brought on by either insufficient insulin production by the pancreas or inefficient insulin utilization by the body. A hormone called insulin controls blood sugar levels. The following six technologies have the potential to revolutionize diabetes care: telehealth, qualitative hypoglycemia alarms, artificial intelligence, cybersecurity of diabetes devices, diabetes registries, and the incorporation of digital diabetes data into the electronic health record.

India Digital Diabetes Management Market

Growth Drivers

Increasing Prevalence of Diabetes

According to the data by the World Health Organization (WHO), diabetes prevalence in India increased from 7.1% in 2009 to 8.9% in 2019. Nearly 25 million Indians over the age of 18 are prediabetics (at an increased risk of getting diabetes in the near future), and it is estimated that 77 million people over that age have type 2 diabetes in India. When diabetes is not identified and treated promptly, more than 50% of people experience health issues. These factors are anticipated to increase the demand for digital diabetes management and promote overall market expansion during the forecast period.

Restraints

High Cybersecurity Risks and Chances of Inaccurate Data

One of the main issues with wearables is the confidentiality and privacy of medical records. Wearable technology continuously gathers, stores, transfers, and handles health information, raising questions about security and protection. The gathered information is disseminated digitally, online, or with other parties who might use it for marketing. Other limitations of wearable technology include data validity, reliability, and accuracy. If the gadget is worn on various body areas and varies depending on the device, the data collected may vary substantially. To diagnose symptoms or provide direct therapy, erroneous data is never acceptable.

Impact of COVID-19 on the India Digital Diabetes Management Market

The unprecedented COVID-19 pandemic offered immense growth opportunities to the India digital diabetes management market. Several studies conducted during the pandemic revealed that diabetes patients are more prone to get severe COVID-19 conditions. The pancreas, which is the organ that produces insulin, may be directly attacked by COVID. Blood glucose (sugar) levels may rise and the body's metabolic pathways for metabolizing glucose may shift as a result of inflammation in the body during COVID. However, patient visits to healthcare facilities during the lockdown declined owing to the high risk of cross-contamination. This resulted in a significant spike in digital diabetes management technologies for better remote patient monitoring.

India Digital Diabetes Management Market

Segmental Coverage

India Digital Diabetes Management Market – By Product

Based on the product, the India digital diabetes management market is divided into smart glucose meters, continuous blood glucose monitoring systems, smart insulin pens, smart insulin pumps, and apps segments. The apps segment is further categorized into digital diabetes management apps and weight & diet management apps. The continuous blood glucose monitoring system segment holds the highest market share in the India digital diabetes management market, owing to its modern features, which include connectivity with smart gadgets that act as display devices.

India Digital Diabetes Management Market – By Device

Based on devices, the India digital diabetes management market is split into wearable devices and handheld devices segments. The wearable devices segment accounts for a higher market share. Diabetes patients can more easily adhere to medical professionals' recommendations with wearable technology and healthcare IoT applications. Healthcare professionals can more objectively and successfully treat changes in their patients' illnesses by ensuring that medication is taken as prescribed. With the help of wearable technology, patients can obtain the information they require without fumbling over with phones or laptops, which plays a crucial factor in propelling its market growth.

India Digital Diabetes Management Market Size

India Digital Diabetes Management Market – By End Use

Based on end use, the India digital diabetes management market is segmented into hospitals, home settings, and diagnostic centers. The home settings segment accounts for the highest market share, as these digital diabetes management technologies allow diabetes patients and caregivers to manage their illnesses efficiently in the absence of medical professionals. The use of digital diabetes management devices and apps helps patients take their doses routinely as well as constantly track their glucose levels to eliminate the risk of emergencies.

India Digital Diabetes Management Market – By Region

The in-depth research report on the India digital diabetes management market covers four major regions: North India, South India, East India, and West India. South India dominates the India digital diabetes management market, owing to the high rate of the condition in the region. According to a study by Medical Sciences and Technology, Thiruvananthapuram, and the Indian Council of Medical Research, Kerala has the largest number of diabetes patients followed by Punjab and Tamil Nadu with 19.4%, 13.6%, and 10% respectively. The high accessibility to healthcare services compared to other states also plays a crucial factor in propelling the market growth in South India.

Competitive Landscape

Major players operating in India digital diabetes management market include Abbott Laboratories, Medtronic plc, F. Hoffmann-La Roche Ltd., Bayer AG, Lifescan, Inc., Dexcom, Inc., Sanofi, Insulet Corporation, Ascensia Diabetes Care Holdings Ag, and B Braun Melsungen AG.

These companies employ various strategies to further enhance their market share, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In March 2023 – Becton Dickinson India released a BD Diabetes Care app featuring digital tools and diabetes content for medical professionals, carers, and patients with diabetes.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

North India, South India, East India, West India

Product/ Service Segmentation

Product, Device, End Use, Region

Key Players

Abbott Laboratories, Medtronic plc, F. Hoffmann-La Roche Ltd., Bayer AG, Lifescan, Inc., Dexcom, Inc., Sanofi, Insulet Corporation, Ascensia Diabetes Care Holdings Ag, B Braun Melsungen AG

 

 

By Product

  • Smart Glucose Meter

  • Continuous Blood Glucose Monitoring System

  • Smart Insulin Pens

  • Smart Insulin Pumps

  • Apps

  1. Digital Diabetes Management Apps

  2. Weight & Diet Management Apps

By Device

  • Wearable Devices

  • Handheld Devices

By End Use

  • Hospitals

  • Home settings

  • Diagnostic Centers

By Region

  • North India

  • South India

  • East India

  • West India

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Digital Diabetes Management Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Advent of Artificial Intelligence in Diabetes Care Devices
        2. Increasing Number of Diabetes Patients
      2. Restraints
        1. High Cost of Devices
      3. Opportunity
        1. Increasing Awareness About Diabetes Preventive Care
      4. Challenges
        1. Lack of Data Security
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Digital Diabetes Management Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
        1. Smart Glucose Meter
        2. Continuous Blood Glucose Monitoring System
        3. Smart Insulin Pens
        4. Smart Insulin Pumps
        5. Apps
          1. Digital Diabetes Management Apps
          2. Weight & Diet Management Apps
      2. By Device
        1. Wearable Devices
        2. Handheld Devices
      3. By End Use
        1. Hospitals
        2. Home settings
        3. Diagnostic Centers
      4. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  5. North India Digital Diabetes Management Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Device
      3. By End Use
  6. South India Digital Diabetes Management Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Device
      3. By End Use
  7. East India Digital Diabetes Management Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Device
      3. By End Use
  8. West India Digital Diabetes Management Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Device
      3. By End Use
  9. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Digital Diabetes Management Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  10. Impact of Covid-19 on India Digital Diabetes Management Market
  11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Abbott Laboratories
    2. Medtronic plc
    3. F. Hoffmann-La Roche Ltd.
    4. Bayer AG
    5. Lifescan, Inc.
    6. Dexcom, Inc.
    7. Sanofi
    8. Insulet Corporation
    9. Ascensia Diabetes Care Holdings AG
    10. B Braun Melsungen AG
    11. Other Prominent Players
  12. Key Strategic Recommendations
  13. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

 

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       India Digital Diabetes Management Segmentation  

Figure 2       India Digital Diabetes Management Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029 

Figure 5       India Digital Diabetes Management Market Share, By Product, By Value, 2019–2029 

Figure 6       India Digital Diabetes Management Market Share, By Device, By Value, 2019–2029 

Figure 7       India Digital Diabetes Management Market Share, By End Use, By Value, 2019–2029 

Figure 8       North India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029 

Figure 9       North India Digital Diabetes Management Market Share, By Product, By Value, 2019–2029 

Figure 10     North India Digital Diabetes Management Market Share, By Device, By Value, 2019–2029 

Figure 11     North India Digital Diabetes Management Market Share, By End Use, By Value, 2019–2029 

Figure 12     South India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029 

Figure 13     South India Digital Diabetes Management Market Share, By Product, By Value, 2019–2029 

Figure 14     South India Digital Diabetes Management Market Share, By Device, By Value, 2019–2029 

Figure 15     South India Digital Diabetes Management Market Share, By End Use, By Value, 2019–2029 

Figure 16     East India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029 

Figure 17     East India Digital Diabetes Management Market Share, By Product, By Value, 2019–2029 

Figure 18     East India Digital Diabetes Management Market Share, By Device, By Value, 2019–2029 

Figure 19     East India Digital Diabetes Management Market Share, By End Use, By Value, 2019–2029 

Figure 20     West India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029 

Figure 21     West India Digital Diabetes Management Market Share, By Product, By Value, 2019–2029 

Figure 22     West India Digital Diabetes Management Market Share, By Device, By Value, 2019–2029 

Figure 23     West India Digital Diabetes Management Market Share, By End Use, By Value, 2019–2029 

 

 

List of Tables

 

Table 1        India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029

Table 2        India Digital Diabetes Management Market Size, By Product, By Value, 2019–2029

Table 3        India Digital Diabetes Management Market Size, By Device, By Value, 2019–2029

Table 4        India Digital Diabetes Management Market Size, By End Use, By Value, 2019–2029

Table 5        North India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029

Table 6        North India Digital Diabetes Management Market Size, By Product, By Value, 2019–2029

Table 7        North India Digital Diabetes Management Market Size, By Device, By Value, 2019–2029

Table 8        North India Digital Diabetes Management Market Size, By End Use, By Value, 2019–2029

Table 9        South India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029

Table 10      South India Digital Diabetes Management Market Size, By Product, By Value, 2019–2029

Table 11      South India Digital Diabetes Management Market Size, By Device, By Value, 2019–2029

Table 12      South India Digital Diabetes Management Market Size, By End Use, By Value, 2019–2029

Table 13      East India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029

Table 14      East India Digital Diabetes Management Market Size, By Product, By Value, 2019–2029

Table 15      East India Digital Diabetes Management Market Size, By Device, By Value, 2019–2029

Table 16      East India Digital Diabetes Management Market Size, By End Use, By Value, 2019–2029

Table 17      West India Digital Diabetes Management Market Size, By Value (USD Million), 2019–2029

Table 18      West India Digital Diabetes Management Market Size, By Product, By Value, 2019–2029

Table 19      West India Digital Diabetes Management Market Size, By Device, By Value, 2019–2029

Table 20      West India Digital Diabetes Management Market Size, By End Use, By Value, 2019–2029

Table 21      Abbott Laboratories Company Overview

Table 22      Abbott Laboratories Financial Overview

Table 23      Medtronic plc Company Overview

Table 24      Medtronic plc Financial Overview

Table 25      F. Hoffmann-La Roche Ltd. Company Overview

Table 26      F. Hoffmann-La Roche Ltd. Financial Overview

Table 27      Bayer AG Company Overview

Table 28      Bayer AG Financial Overview

Table 29      Lifescan, Inc. Company Overview

Table 30      Lifescan, Inc. Financial Overview

Table 31      Dexcom, Inc. Company Overview

Table 32      Dexcom, Inc. Financial Overview

Table 33      Sanofi Company Overview

Table 34      Sanofi Financial Overview

Table 35      Insulet Corporation Company Overview

Table 36      Insulet Corporation Financial Overview

Table 37      Ascensia Diabetes Care Holdings AG Company Overview

Table 38      Ascensia Diabetes Care Holdings AG Financial Overview

Table 39      B Braun Melsungen AG Company Overview

Table 40      B Braun Melsungen AG Financial Overview

Market Segmentation

No data available
No data available

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Frequently Asked Questions (FAQs):

Ans: The homecare settings segment held the highest market share in the India Digital Diabetes Management Market by end use.
Ans: North India is expected to grow at the fastest rate in India Digital Diabetes Management Market during the forecast period between 2023 and 2029.
Ans: India Digital Diabetes Management Market size was estimated at USD 477.06 million in 2022.
Ans: Major factors driving the growth of India Digital Diabetes Management Market include advent of artificial intelligence in diabetes care devices and increasing number of diabetes patients.
Ans: Key players in India Digital Diabetes Management Market include Abbott Laboratories, Medtronic plc, F. Hoffmann-La Roche Ltd., Bayer AG, Lifescan, Inc., Dexcom, Inc., Sanofi, Insulet Corporation, Ascensia Diabetes Care Holdings Ag, and B Braun Melsungen AG.