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DexCom Launches CLARITY Mobile App, Strengthens CGM Profile

DexCom, Inc. DXCM recently launched its mobile application, CLARITY. Notably, Notably, this smart app is a cloud-based diabetes management software that simplifies CGM (Continuous Glucose Monitoring) data reporting and facilitates confidential sharing of data between physicians and their patients. In fact, patients can now view the same on their phones.
 
Clearly, this latest development is likely to fortify DexCom’s foothold in the CGM space.
 
About DexCom’s CGM Profile
 
Based in California, this medical device company is known for designing, developing and commercializing CGM systems.
 
Currently, DexCom’s FDA-cleared CGM system — the DexCom G4 Platinum — is driving its top line significantly. Its inbuilt features like the G4 Platinum make the DexCom G4 Platinum the most innovative CGM system in the market. Last year, DexCom announced the FDA approval of the Dexcom G5 mobile app for Android devices.
 
Diabetes Care Adopts Cloud-Based Services
 
Smart apps have made self-management and continuous monitoring of diabetes affordable through the use of cloud-based applications. These applications can show real-time data on patients’ blood glucose levels on these apps.
 
For instance, consumer fitness brand Fitbit FIT entered the space by a $6-million investment in Sano.
 
Moreover, MedTech giant Medtronic MDT collaborated with IBM to develop Sugar.IQ — a cognitive mobile personal assistant app. This application intends to provide real-time actionable glucose insights and predictions for patients with diabetes.
 
Also, MedTech behemoth Abbott ABT is dedicated to developing innovative products that make glucose testing easier and more accurate. Abbott’s products like Freestyle Libre, Freestyle Navigator II, Freestyle Lite, FreestyleInsulinx can be used by patients for personal glucose monitoring.
 
Market Prospects
 
In the United States, about 1.4 million new cases of diabetes are diagnosed every year.
Going by an article of Allied Market Research, the global CGM systems market is expected to see a CAGR of 22.9% between 2018 and 2024.
 
It also predicts that, the global market for artificial intelligence in diabetes management is expected to witness a CAGR of 50.7% between 2017 and 2023. Thus, DexCom’s latest move has been a well-timed one.
 
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Abbott Laboratories (ABT): Free Stock Analysis Report
 
Fitbit, Inc. (FIT): Free Stock Analysis Report
 
Medtronic PLC (MDT): Free Stock Analysis Report
 
DexCom, Inc. (DXCM): Free Stock Analysis Report
 
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