Healthcare

Worldwide, 830 million people were reported to have diabetes in 2022. Diabetes management is, therefore, a vital technology sector due to the complications that can occur as a result of the condition, the importance of which is highlighted by the market's multi-billion-dollar value.

Diabetes is a chronic condition that affects millions of people worldwide. The condition requires close and careful management to avoid severe health consequences. Today, people with diabetes have access to sophisticated automated insulin dosing (AID) systems that help in many aspects of diabetes management. IDTechEx forecasts that with further developments in AID systems, the diabetes management market can reach US$44 billion by 2035.

The rise of Continuous Glucose Monitoring (CGM) has reshaped the diabetes management technology market. With the market projected to reach US$44 billion by 2035, CGM technology is transforming diabetes care by replacing painful fingerstick tests and providing real-time glucose insights.

A free collection of insights from our industry experts, sharing some of the key technology innovation trends shaping the next decade.

Thursday 30 January 2025 - Introduction to diabetes and the role of medical devices in managing blood glucose; Roadmap of glucose sensing technologies including recent developments in continuous glucose monitoring; Discussion of insulin delivery options, including key challenges of each; Future of diabetes management technologies

With over 800 million people with diabetes in the world today, the market for diabetes management is substantial. IDTechEx forecasts the market for diabetes management technologies to exceed US$44 billion by 2035, with continuous glucose monitors (CGM) and insulin pump markets driving growth in the next ten years.

Sensor technology comes in many shapes and sizes, designed to measure a wide range of metrics for a host of different applications. There are sensors to collect data from almost all physical parameters: motion, magnetic field, current, temperature, force-light intensity - the list goes on. These miniaturized components are everywhere, from our smart-phones and home appliances to within cars, factories, and satellites.

Bringing together the worlds of assistive technology and consumer electronics is becoming increasingly necessary with ever-developing digital technology and communication abilities, for those with limited mobility or speech to benefit from such groundbreaking advances.

The demand for human wellbeing brings great value to the wearables market and creates a greater need for access to personalized healthcare and remote monitoring. Beginning with fitness trackers, the wearables industry now incorporates skin patches, smart mouthguards, smart glasses, and headsets, with devices being used in both personal and work environments.

IDTechEx predicts the brain computer interface market to exceed US$ 1.6billion in 2045, highlighting the large scope for growth and development within the sector, and the potential of BCI technology to improve accessible communication.