New technologies and ehealth will add $1.4 Billion to US diabetic
11 November 2008
New technology-enabled monitoring solutions and services will reshape
the diabetic care market and earn $1.4 billion in product and service
revenues by 2013, according to Parks Associates' new report Enhancing
Diabetic Care through Intelligent Medical Devices.
This executive update finds that companies like Medtronic, Cardiocom,
Diabetech, and Healthways are developing new products and service models
in response to this paradigm shift in diabetic care. They are laying the
foundation for the digital-health service sector and driving adoption of
new applications that include continuous glucose monitoring, online
access to professional help, and educational sessions on wellness and
These new offerings come in response to growing demand from consumers
and industry players for lifestyle changes, better care coordination,
and early intervention among diabetic patients.
"The addressable market for continuous glucose monitoring devices and
other noninvasive monitoring solutions will continue to expand as the
technologies mature and become more economical," said Harry Wang,
director, health and mobile product research, Parks Associates. "At the
same time, the emphasis on lifestyle changes and close monitoring and
coaching has introduced new care models and industry players, speeding
the adoption of new technologies that will allow patients to better
manage their conditions while being active and proactive."
Wang pointed out that the diabetic care management market could
immediately benefit from telehealth and web-enabled care models, which
are already in demand from consumers and insurers.
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