Trending

Stories

Report Says India’s Diabetes Care Market to Reach $60 Bn in a Decade

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

The diabetes care market in India is expected to reach about $60 billion in the next 10 years, from approximately $17 billion in FY2021, a new report showed on Thursday.

With 75 million diabetic patients and another 200 million pre-diabetics, India is known as the diabetes capital of the world.

Also Read

Poor lifestyle is the prime reason for the rapid increase in diabetes cases growth of the market, revealed the study done by Redcore, the research arm of Bengaluru-based research firm Redseer consulting.

According to the report, an average Indian spends Rs 11,000 annually on Type-2 diabetes care and Rs 3.5 lakh in a lifetime.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

From Rs 6,000 annually in the early thirties, the cost increases exponentially to Rs 17,000 by the time they reach 60 years of age.

Further, the report showed that only 5 percent of the diabetic population falls in the average monthly income segment of Rs 80,000 or more, while 35 percent fall below Rs 20,000.

“Close to 95 per cent of the diabetic population in India falls in the middle and low income category and has limited access to diabetes care. It is critical for India to identify a diabetes care solution which is affordable and comprehensive to make it a real success in the country,” said Anuj Kumar, director, RedCore, in a statement.

New age tech-based innovations such as connected blood glucose monitoring devices and app based-doctor guidance and coaching are playing a significant role in transforming care in the western world.

However, for India to see the adoption of these tech developments at a broad scale, accessibility and affordability will be the key.

The report also observed that among chronic diseases, diabetes (including prediabetes) has the highest prevalence, followed by cardiovascular disease and hypertension in India.

These top three chronic diseases represent a market size of about $35 billion in FY21 and are expected to grow nearly 3 times in the next 10 years, the report said.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly 
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors