Artificial Intelligence in Diabetes Management Market Size, Share, Trends, Growth and Forecast 2032

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Diabetes is a metabolic disorder characterized by depletion of insulin in the human body due to lack of pancreatic activity. Asia Pacific region is the fastest growing region in terms of diabetes mellitus. Diabetes can be life-threatening if not controlled in time. Hence, diabetes can’t be cured and can only be controlled by various means like food/diet, exercises, and others. With the help of artificial intelligence, various hardware and software techniques are being introduced for controlling and managing diabetes.

Globally, the artificial intelligence in diabetes management market has seen an accelerated growth due to the continuously growing diabetic population across the world. In addition, torpid lifestyle, eating junk food, lack of exercise are some of the major factors driving the artificial intelligence in diabetes management market. Furthermore, increasing mobile phone users coupled with technological advancements in artificial intelligence software are other major drivers for the growth of artificial intelligence in diabetes management market. However, stringent rules and regulations hinder the growth of artificial intelligence in diabetes management market. Nonetheless, ongoing research and development in the field of technology of artificial intelligence may bring huge growth opportunities for the growth of the market within the forecast period.  

Based on device type, the global artificial intelligence in diabetes management market is classified into four types as diagnostic devices, glucose monitoring devices, insulin delivery devices, and other devices. Glucose monitoring devices accounted for the largest market share in terms of revenue in the year 2017. This growth is attributed to the increasing demand for medical devices due to low cost and better affordability. 

Based on region, the global artificial intelligence in diabetes management market is fragmented into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In terms of revenue share, North America is projected to retain the largest share of the global artificial intelligence in diabetes management market during the forecast period. Whereas, Europe accounted for the second largest market share in the year 2017. Asia Pacific is expected to grow with the fastest CAGR within the forecast period. Developing economies like China and India are the major regional markets of this region in artificial intelligence in diabetes management market. Also, increasing healthcare expenditure in this region is expected to bring huge growth opportunities in the artificial intelligence in diabetes management market.

The report covers company profiles and company market share, reimbursement policy of the key participants operating in the global artificial intelligence in diabetes management market. Some of the key players included in the report are Apple Inc., Diabnext, Glooko Inc., Google Inc., IBM Corporation, Tidepool, and Vodafone Group Plc.