For the diabetes app industry, the addressable market will be 310 million diabetics with smart devices in 2018, according to the Diabetes App Market Report 2014, released by ReportsnReports.com.
According to the report, in 2013 around 382 million people around the world were estimated to suffer from diabetes. Mobile applications promise to play an invaluable role in assisting people who suffer from diabetes to empower them to better manage their condition, and, as a consequence, reduce health care costs.
Mobile apps can aid in the daily management of diabetes by supporting behavior changes, facilitating communication and easing the hassle of keeping track of all relevant parameters that have an influence on the disease. Currently there are more than 1,100 iOS and Android apps listed on the Apple App Store and Google Play that specifically are designed for diabetics and healthcare professionals to treat diabetics.