IMARC Group has recently released a new research study titled “Artificial Pancreas Device Systems (APDS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the artificial pancreas device systems market?
The global artificial pancreas device systems market size reached US$ 2,208.2 Million in 2022. Looking forward, IMARC Group expects the APDS market to reach US$ 4,500.6 Million by 2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028.
What is artificial pancreas device systems?
An artificial pancreas device system (APDS) represents a closed-loop or automated insulin delivery system that manages blood glucose levels by regulating the production of insulin. It consists of a continuous glucose monitor (CGM), a subcutaneous insulin infusion pump, and a controller that links the monitor with the pump. The artificial pancreas device system runs a complex algorithm that determines the adequate levels of insulin and time of delivery based on the evaluation of real-time glucose readings. As such, it is commonly utilized to minimize the risks of extreme fluctuations of glucose levels in the body.
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What are the growth prospects and trends in the artificial pancreas device system industry?
The rising prevalence of pancreatic cancer, pancreatitis, and other chronic ailments is among the key factors stimulating the artificial pancreas device systems (APDS) market. Moreover, the growing occurrence of obesity and diabetes, owing to physical inactivity and unhealthy dietary patterns of individuals, is positively influencing the global market.
Besides this, the escalating demand for minimally invasive (MI) drug delivery systems is propelling the market growth. Furthermore, numerous technological innovations, including the development of software-based wireless systems that are integrated with automated controls, are also bolstering the global market.
Apart from this, the increasing investments by government bodies across several countries in R&D activities for improving healthcare infrastructures are acting as significant growth-inducing factors. Additionally, the introduction of advanced devices that use artificial intelligence (AI) and machine learning to understand the changing insulin needs of the patient is anticipated to fuel the artificial pancreas device systems (APDS) market over the forecasted period.
Who are the key manufactures operating in the industry?
The report covers the major market players including:
Artificial Pancreas Device Systems Manufacturers:
- Beta Bionics Inc.
- Bigfoot Biomedical Inc.
- Dexcom Inc.
- Inreda Diabetic B.V.
- Insulet Corporation
- Johnson & Johnson
- Medtronic Inc.
- Roche Holding AG
- Tandem Diabetes Care Inc.
Key Market Segmentation:
The report has segmented the global artificial pancreas device systems market on the basis of device type, treatment type, end-user and region.
Breakup by Device Type:
- Threshold Suspend Device Systems
- Control- to-Range Systems
- Control-to-Target Systems
Breakup by Treatment Type:
- Insulin Only
Breakup by End-User:
- Medical Centers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Explore Full Report Description At: https://www.imarcgroup.com/artificial-pancreas-device-systems-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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