Venture Capital
Andrea Alms Video: Money In Motion 27 - The Digital Diabetes Market
October 2022 - Venture Capital
TRANSCRIPT:
Hello. My name is Andrea Alms and I am technology investor and financial manager. And this is your money in motion. In 2017, pre-COVID time, this report cited the global digital diabetes solution market would grow rapidly and expected to reach 742 million from 2017 to 2022 at a compound average growth rate of 50%. However, this 2022 post COVID report cites the digital diabetes market global to be about 15 billion in 2021 and grow at an average compound growth rate of 20.6% between 2022 and 2030. Yet this market's report cites 14 billion in 2022, going to an estimated 25 billion in 2027 at an average compound growth rate of 12%. The major pharmaceutical players already had a stake in this development and are present in two main segments of the industry. The connected device and also the app service business. The digital diabetes industry is currently divided into seven segments connected devices, apps, service providers, digital data management, solution providers, value and had service providers, home care provider solutions and also ecosystem and data integrators along with other service providers. The manufacturers of connected devices continue to be the highest revenue generators. However, this is likely to shift towards service providers being more dominant in the future. Let's keep an eye out on this multibillion dollar market with double digit growth. Thank you. This is your money, your money in motion.