Press release
Artificial Pancreas Device System (APDS) Market Quadruples by 2023 with a ~ 20.25 % of Whooping CAGR | Pancreum LLC, Tandem Diabetes Care, Medtronic, Johnson & Johnson, Roche, Insulet, Beta Bionics, Inreda
Artificial Pancreas Device System (APDS) Market
Industry Outlook & Trend Analysis:
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%. 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.
Top Most Players:
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.
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Type Outlook & Trend Analysis:
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.
Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
5.Artificial Pancreas Device System Market, By Type
5.1.Introduction
5.2.Global Artificial Pancreas Device System Sales, Revenue and Market Share By Type (2014-2018)
5.3.Threshold Suspended Device Systems
5.4.Treat to Range/Control to Range (TTR/CTR)
5.5.Treat to Target/ Control to Target (TTR/CTT)
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Regional Insights:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia and Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
Key Growing Factors:
Advancements in technology, increment in applications in wide scope of end-user and need for insulin and glucose administration in busy-lifestyle of diabetes patients are the main considerations that drive the development of the worldwide APDS market. Whereas increasing awareness about side effects of the treatment and its inability to treat athletic diabetes may restrain the market growth.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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