New Technologies and Care Enhancement Models Will Add $1.4 Billion to the Diabetic Care Market in 2013
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 Executive Update: Enhancing Diabetic Care through Intelligent Medical Devices.
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' Executive Update: Enhancing Diabetic Care through Intelligent Medical Devices.
This executive update finds 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 fitness. 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.
Executive Update: Enhancing Diabetic Care through Intelligent Medical Devices examines the increasing role of technologies in the continuum of diabetic care management -from prevention and education to proactive management. For additional information, visit http://www.digitalhealthnews.com or contact 972 -490 -1113 or firstname.lastname@example.org.
About Parks Associates Digital Health Research
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Parks Associates envisions pervasive adoption of digital technology within the global health care system and a drastic transformation of how healthcare and wellness aids are delivered to consumers in the future.
Our research clarifies the opportunities and challenges for technology vendors, healthcare providers, and companies considering entering this changing market.
Parks Associates' expertise includes new media, digital entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, consumer electronics, and home control systems and security.
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