Press release
Artificial Pancreas Device System (APDS) Market worth USD 328.45 million by 2023 at a CAGR of 20.25% | Tandem Diabetes Care, Medtronic, Johnson & Johnson, Roche, Insulet, Beta Bionics, Inreda, Medtrum, Bigfoot Biomedical
Artificial Pancreas Device System (APDS) Market
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.
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Competitive Outlook and Trend Analysis
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.
Industry Outlook and 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.
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By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Market Segmentation-
By Type:
Threshold Suspended Device Systems
Treat to Range/Control to Range (TTR/CTR)
Treat to Target/ Control to Target (TTR/CTT)
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
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)
5.2.1. Global Artificial Pancreas Device System Sales and Sales Share By Type (2014-2018)
5.2.2 Global Artificial Pancreas Device System Revenue and Revenue Share By Type (20142018)
5.3. Threshold Suspended Device Systems
5.3.1. Global Threshold Suspended Device Systems Sales and Growth Rate (2014-2018)
5.4. Treat to Range/Control to Range (TTR/CTR)
5.4.1. Global Treat to Range/Control to Range (TTR/CTR) Sales and Growth Rate (2014-2018)
5.5. Treat to Target/ Control to Target (TTR/CTT)
5.5.1. Global Treat to Target/ Control to Target (TTR/CTT) Sales and Growth Rate (2014-2018)
6. Artificial Pancreas Device System Market, By Region
…….CONTINUED FOR TOC
Drivers & Restrains
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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