Indonesia Digital Diabetes Management Market to Grow with a CAGR of 17.97% During 2021-2030; Market to Grow on Account of Rising Adoption of Mobile Health Applications
Kenneth Research published a report titled “Indonesia Digital Diabetes Management Market: Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the Indonesia digital diabetes management market in terms of market segmentation by product & service, device type, diabetes type, and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The Indonesia digital diabetes management market is anticipated to grow with a CAGR of 17.97% during the forecast period, i.e., 2021-2030. The market is segmented by end-user into home care settings, hospitals & specialty diabetes clinics, academic & research institutes, sports & gym centers, and others. Out of these, the hospitals & specialty diabetes clinics segment is anticipated to garner the largest revenue of USD 214.14 Million by the end of 2030. Moreover, in the year 2020, the segment generated the largest revenue of USD 40.19 Million.
The Indonesia digital diabetes management market is estimated to garner a revenue of USD 612.18 Million by the end of 2030, up from a revenue of USD 117.71 Million in the year 2020. The market is expected to grow on account of the growing advancement in healthcare technology and the rise in awareness amongst the individuals in the nation for the benefits of digital health applications. Besides this, the growing use of mhealth or mobile health applications amongst the patients is also expected to create numerous growth opportunities in the coming years.
Rising Concern for the Increasing Prevalence of Diabetes in the Nation to Drive Market Growth
In Indonesia, the number of people who were recorded having diabetes touched 19465.1 Thousands in the year 2021, up from 5654.3 Thousands in the year 2000, according to the statistics by the International Diabetes Federation (IDF). Additionally, by the end of 2045, this is expected to touch 28569.9 Thousands.
The growing prevalence of diabetes in Indonesia, which is known to take the lives of numerous people, is driving the need amongst the individuals to opt for different disease management solutions. These solutions help in the early diagnosis of the disease, and ultimately in receiving timely treatment for the disease. The growing awareness for the numerous benefits associated with the use of the digital diabetes management solutions, such as receival of instant diagnostic results to the doctors, easy monitoring of patients by the doctors and healthcare service providers. Such factors are expected to drive the growth of the Indonesia digital diabetes management market in the coming years.
However, the high cost of devices, along with the rising concern for security are expected to operate as key restraint to the growth of Indonesia digital diabetes management market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Indonesia digital diabetes management market which includes company profiling of Brighter AB, F.Hoffmann-La Roche Ltd, Medtronic, Azumio Inc., Smart Meter LLC, Abbott, B. Braun Melsungen AG, Biocon, Becton, Dickinson and Company, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Indonesia digital diabetes management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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