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Artificial Pancreas Device System Market 2018 Estimated To Expand At CAGR 20.25% With The Key Players Like Pancreum LLC, Tandem Diabetes Care, Medtronic, Johnson & Johnson, Roche, Insulet, Beta Bionics, Inreda, Medtrum, Bigfoot Biomedical, TypeZero Techno
Artificial Pancreas Device System Market
The Artificial Pancreas Device System (APDS) Market was worth USD 62.48 million in 2014 and is expected to reach approximately USD 328.45 million by 2023 at a CAGR of 20.25%.
Competitive Insights:
The leading players in market are
Pancreum LLC, Tandem Diabetes Care, Medtronic, Johnson & Johnson, Roche, Insulet, Beta Bionics, Inreda, Medtrum, Bigfoot Biomedical, TypeZero Technologies, Inc. and DreaMed Diabetes Ltd.
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Market Highlights- Artificial Pancreas Device System (APDS) Market
An Artificial Pancreas Device System is a collective group of devices which accurately imitates the glucose regulating function of a healthy pancreas. An exponential increase in patients diagnosed with diabetes was reported by World Health Organization (WHO) from year 1998 to 2014. The ADPS market is driven by need of administration of insulin on day-to-day basis for diabetes patient. The Juvenile Diabetes Research Foundation (JDRF) launched the Artificial Pancreas Project in 2006 in collaboration with key players in industry to develop Artificial Pancreas Device System (APDS) for regulating and monitoring insulin and glucose in diabetes patients.
Market Segmentation
Artificial Pancreas Device System Market -Type Outlook
According to product type the global APDS market is split into three categories namely Threshold Suspended Device Systems, Treat to Range/Control to Range (TTR/CTR), Treat to Target/ Control to Target (TTR/CTT). The CTT system being fully automated and having minimal human interaction is expected to experience fastest growth during the forecast period.
Artificial Pancreas Device System Market -By Region
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Regional Outlook And Trend Analysis
Regionally the APDS market is segmented as North America, Asia-Pacific, Europe and Rest of World. Amongst the entire diabetic population, half of them are from India, China, USA, Indonesia and Brazil according to the recent study conducted by World Health Organization (WHO). Hence, this indicates that the Asia-Pacific and North America dominates the regional APDS market.
Reason to Buy –
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Artificial Pancreas Device System Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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