Artificial Intelligence in Diabetes Management Market 2021 | Industry Analysis by Future Scope, Size, Revenue Growth Development, Regional Analysis with Top Countries Forecast to 2030

(AmericaNewsHour via Comtex)

In a recent published report, Kenneth Research has updated the market report for Artificial Intelligence in Diabetes Management Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Artificial Intelligence in Diabetes Management Market products.

Get Sample Request Here @ https://www.kennethresearch.com/sample-request-10085330

According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

Market Overview
Diabetes is a major pervasive chronic ailment that extensively impacts the global population. It is a global epidemic and the most expensive disease. As per the Center for Disease Control and Prevention, the US alone incurs more than $245 billion a year in lost wages. Millions of people are afflicted with diabetes worldwide, and this number is rising at a rapid pace creating lucrative opportunities for companies and entrepreneurs. According to WHO statistics, nearly 422 million people globally have diabetes, and the number is accelerating at a burgeoning pace. One in 11 people must manage this chronic condition on a regular basis.

The data-intensive nature of diabetes care and management makes it an ideal fit for applying artificial intelligence and machine learning to improve outcomes and find better solutions. Diabetes often has a debilitating effect on individuals resulting in strokes, heart attack, blindness, amputation, and kidney failure. Diabetes mellitus is a clinical condition in which an individual has elevated blood glucose levels. Insulin-dependent (type 1) diabetes is managed by monitoring the blood glucose level with finger prick blood tests performed several times throughout the day and adjusting insulin levels based on such readings. This invasive method is painful, inconvenient, time-consuming, and not good enough for managing a dynamic and complex disease condition such as diabetes. Several non-invasive methods of blood glucose measurement and insulin delivery are under development. Glucose measurement devices are now capable of continuously monitoring blood glucose levels throughout the day.

Digitization has made big data technologies more relevant in the healthcare context. The proliferation of smart devices has accelerated the transition to digitized healthcare. Smart apps have made self-management of diabetes by the patients affordable. Sensors are capable of transmitting data to the smart devices and diabetics can monitor their blood glucose levels on these devices. Pharmacogenetics and machine learning will help systems embedded with AI to manage diabetes better than humans within the next 20 years. AI algorithms bring about state-of-the-art glucose prediction methods that help in tackling diabetes effectively. They can mimic human cognitive functions. AI is leveraging the avalanche of healthcare data. AI is improving patient outcomes for diabetes patients. Data analytics is expected to make a disruptive impact in diabetes management. Machine learning algorithms enable better diagnosis and monitoring resulting in improved patient-centric treatment. Insulin trackers in the form of wearables, wristwatches, waistbands, and even pens can help in monitoring glucose levels in the blood. Portable and custom-made decision support systems for insulin dosing accumulate data from multiple sources such as manual inputs and body worn sensors. It is predicted that diabetes will extensively be managed by smart machines and AI algorithms within 20 years.

Get Sample Request Here @ https://www.kennethresearch.com/sample-request-10085330

Market Analysis
According to Research, the " Artificial Intelligence in Diabetes Management Market " market is expected to grow at a CAGR of 50.7% during the forecast period 2017-2023. The market is driven by factors such as rising elderly population, increasing obesity, favorable demographics, urbanization, rising healthcare costs, and increasing digital affinity. Patient's privacy and security concerns, lack of curated datasets, and less digital savvy patients are few growth deterrents in the market. The market experiences few growth opportunities such as product innovations, democratization of knowledge, and rising prevalence of type 1 and type 2 diabetes.
Segmentation by Device Types
The market has been segmented and analyzed by the following device types: glucose monitoring devices, diagnostic devices, insulin delivery devices, and other devices.
Segmentation by Artificial Intelligence Techniques
The market has been segmented and analyzed by two artificial intelligence techniques namely case-based reasoning and intelligent data analysis.

Segmentation by Regions
The market has been segmented and analyzed by the following regions: North America, Europe, APAC, and LAMEA.
Segmentation by Countries
Each region has been further segmented and analyzed by countries:
North America - US and Canada
Europe - UK, Germany, Italy, and France
APAC - China, Japan, and India
LAMEA - GCC Countries, Mexico, and Africa

Benefits
The study covers and analyzes the "Global Artificial Intelligence in Diabetes Management" market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.
? The report covers drivers, restraints, and opportunities (DRO) affecting the market growth during the forecast period (2017-2023).
? It also contains an analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views.
? The report covers competitive landscape, which includes M&A, joint ventures and collaborations, and competitor comparison analysis.
? In the vendor profile section, for the companies that are privately held, financial information and revenue of segments will be limited.

Get Sample Request Here @ https://www.kennethresearch.com/sample-request-10085330

Table of Contents
1 Industry Outlook 8
1.1 Industry Overview 8
1.2 Industry Trends 9
1.2.1 Trends in Diabetes Management 9
2 Report Outline 15
2.1 Report Scope 15
2.2 Report Summary 15
2.3 Research Methodology 15
2.4 Report Assumptions 16
3 Market Snapshot 16
3.1 Total Addressable Market (TAM) 16
3.2 Related Markets 17
4 Market Outlook 17
4.1 Overview 17
4.2 Regulatory Bodies & Standards 18
4.3 Political and Legal Implications in Diabetes Care 20
4.4 Economic Implications in Diabetes Care 20
4.5 Societal and Environmental Implications in Diabetes Care 21
4.6 Porter 5 (Five) Forces 21
4.7 Market Segmentation 23
4.8 Market Dynamics 23
4.8.1 Drivers 24
4.8.1.1 Favorable Demographics 24
4.8.1.2 Obesity Pandemic 25
4.8.1.3 Urbanization 25
4.8.1.4 Rising Healthcare Costs 25
4.8.1.5 Rising Digital Affinity 25
4.8.2 Restraints 27
4.8.2.1 Less Digital Savvy Patients 27
4.8.2.2 Patient Privacy and Data Security Concerns 27
4.8.2.3 Reimbursement and Cost Coverage Issues 27
4.8.2.4 Lack of Curated Data sets 27
4.8.3 Opportunities 27
4.8.3.1 Products Innovations 27
4.8.3.2 Rising Prevalence of Type 1 and Type 2 Diabetes 28
4.8.3.3 Growing usage of mobile technology in diabetes management 28
4.8.3.4 Democratization of Knowledge 28
4.8.4 DRO - Impact Analysis 30
5 Trends, Roadmap and Projects 31
5.1 Market Trends & Impact 31
5.2 Technology Roadmap 32
6 Device Types: Market Size & Analysis 33
6.1 Overview 33
6.1.1 Market Size and Analysis 33
6.2 Glucose Monitoring Devices 34
6.3 Diagnostic devices 35

About Kenneth Research:

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

 Name:  David

Email : [email protected]

Phone: +1 313 462 0609

The post Artificial Intelligence in Diabetes Management Market 2021 | Industry Analysis by Future Scope, Size, Revenue Growth Development, Regional Analysis with Top Countries Forecast to 2030 appeared first on America News Hour.

comtex tracking

COMTEX_395179474/2606/2021-10-14T07:36:49