The digital health space in diabetes is rapidly expanding as companies evaluate how new technologies can help tackle and manage the chronic disease. Diabetes management is already the most developed part of the digital health sector and, as services expand to tackle diabetes’ comorbidities, is forecast to be worth €1.3 billion by 2024.
Underpinning such market predictions is a rapidly increasing health burden. An estimated one million deaths are attributed to diabetes each year, with healthcare costs around the world rising. Costs attributed to the condition are expected to double to $2.5 trillion by 2030. As a consequence, digital health technologies — whether it be AI or advanced reporting analytics — are not only needed, but could be the key driver for transformational impact on diabetes care.
Smartphone-based digital health technologies are among those that are stepping up to the challenge. The development of artificial intelligence (AI)-based software and mobile apps is enabling patients to better manage their diabetes. The integration of these technologies with standard blood glucose meters (BGMs) or new wearable continuous glucose monitoring (CGM) sensor-based systems is proving to be particularly powerful.