The number of diabetes patients and those with the potential for diabetes has grown substantially over the past decade and continues to expand. This trend creates a tremendous demand for innovative care solutions and service models. New service innovations will take advantage of the latest monitoring and communication technologies. As a result, the diabetic care service sector will experience a boom period with annual revenues topping US$1.9 billion in 2013 and growing at a five-year CAGR (compound annual growth rate) of 33 percent.
Technology will transform diabetic care management in the following ways:
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