Germany’s Digital Diabetes market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
Due to an ageing population and unhealthy lifestyle, the prevalence of type 2 diabetes is expected to increase steadily over the next few years. High-quality care, including adequate monitoring, control of risk factors and active self-management are the key factors for preventing costly and burdensome micro and macrovascular complications in German patients with type 2 diabetes. With the rising incidences of diabetic problems, various digital care solutions have been introduced in the country to help people with diabetes.
Robert Koch Institute (RKI), The German federal disease control and prevention research institute has been developing a public health surveillance system. It focuses on long-term data, collection of comparable and ensuring the establishment of efficient surveillance structures for monitoring relevant indicators of diabetes.
Increasing geriatric population and rising number of diabetic patients is expected to boost the market growth. Increasing awareness about diabetes preventive care coupled with rising usage of wearable diabetes devices are driving the market expansion. Diabetes patients are now preferring smart diabetes devices that can assist with real-time blood glucose reading and help in taking timely decisions. These devices are user-friendly and allow patients to perform their daily activities. Moreover, launch of several diabetes awareness campaigns by governments is also augmenting the market value. Rising number of product launches is thriving the digital diabetes management market revenue. The industry leaders in digital diabetes space are continuously innovating their products and are launching advanced products in the market. The digital diabetes devices are becoming more integral part of people with diabetes for better disease management. The companies in the industry are developing new systems to appeal broad spectrum of potential users.