The Artificial Pancreas Market: Now and in the Future | Industry Forecast 2018

Market Research Future published a study report on Global Artificial Pancreas Market. This report studies the global market size, industry status and forecast, competition landscape and growth opportunity. artificial pancreas Market research report categorizes the market by companies, region, type and end-use industry.

The global artificial pancreas market is showing the moderate growth; mainly due to increase in the population suffering with diabetes and advancement in technology. Nowadays, companies are focusing more into research and development to introduce quality and advance treatment to the affected population. Thus, many new technology related to treatment has introduced in the market, in this regards, Medtronic MiniMed, Inc., in 2016, get the FDA approval for the first hybrid closed loop system, Medtronic's MiniMed 670G. This technology provides patient freedom to perform daily activities.

Moreover, companies are showing much interest toward the market of an artificial pancreas, as they feel there are huge opportunities and gaps between the market demand and supply of devices. Thus, companies are showing more interest in merger and acquisition activities for introducing the best cure that meets the requirement of market. The development has been made by Bigfoot Biomedical, Inc. in 2015, when they announced that they acquired Asante’s Snap Pump Technology and also signed a development agreement with Dexcom to integrate CGM data into its future automated insulin delivery system. The companies are trying to introduce better technology for getting the global leader in the artificial pancreas devices and provide a strong treatment option in the market.

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Increasing in the prevalence of diabetes around the globe is creating the huge scope for the market players to make a profit. According to the Diabetes prevalence figures suggested by the Australian Bureau of Statistics, more than 5.1% of the Australian population was diagnosed with diabetes in 2016. Also, According to International diabetes federation (IDF), in 2015, there were 69.1 million people were suffering with diabetes globally.

Global Artificial Pancreas Market Players:

Medtronic Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Beta Bionics, Inc. (U.S.), Bigfoot Biomedical, Inc. (U.S.), Admetsys, Animas Corporation (U.S.), Defymed (Francec), Dexcom, Inc. (U.S.), Insulet Corporation (U.S.), Semma Therapeutics, Inc., Tandem Diabetes Care, (U.S.), TypeZero Technologies are some of the leading players at the cutting edge of the competition in the market of artificial pancreas, globally.

Artificial Pancreas Market Segmentation:

The global artificial pancreas market is segmented on the basis of type and end users. Based on type, the market has been segmented as threshold suspend device system, non-threshold suspend device system, control-to-range (CTR) system, and control-to-target (CTT) system. Based on the treatment type, the market has been segmented as insulin only, bi-hormonal, and hybrid. Based on the end users, the market has been segmented as hospitals and clinics, research, and others.

Artificial Pancreas Market Regional Analysis:

US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global artificial pancreas. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most potential which is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions and poor healthcare penetration.

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Some of Major Table of Content for Artificial Pancreas Market:

1. INTRODUCTION

1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE

2. RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH

3. MARKET DYNAMICS

3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 MACROECONOMIC INDICATORS

4. MARKET FACTOR ANALYSIS

4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY

TOC Continued….!

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