Artificial Pancreas Device System Market is Growing at a CAGR of 20.9% till 2025 led by Bigfoot Biomedical, Medtronic, Dexcom, Admetsys, Beta Bionics, Cellnovo, Tandem Diabetes Care
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Major Players Operating in the Artificial Pancreas Device Systems Market-
2. TypeZero Technologies, Inc.
3. Insulet Corporation
4. Bigfoot Biomedical, Inc.
6. Dexcom, Inc.
8. Beta Bionics
10. Tandem Diabetes Care
According to a new market research study titled ‘Artificial Pancreas Device Systems Market to 2025 – Global Analysis and Forecasts by Type and Geography. The global artificial pancreas device systems market is expected to reach US$ 2,168.1 Mn in 2025 from US$ 481.8 Mn in 2017. The market is estimated to grow with a CAGR of 20.9% from 2018-2025. The report highlights the trends prevalent in the global artificial pancreas device systems market and the factors driving the market along with those that act as deterrents to its growth.
The market is likely to witness a rapid growth owing to factors such as growing prevalence of diabetes, developments by major players, and rise in demand for computerized systems for glycemic control. Additionally, the market is also likely to be accelerated by new product launches by market players that are presently in the pipeline. However, availability of alternatives for artificial pancreas device systems and high cost associated with these systems are expected to hinder the market growth in the coming years.
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Major Market Developments-
• For instance, in February, 2018, Medtronic received the U.S. Food and Drug Administration (FDA) approval for new arm indication for the Guardian Sensor 3. The latest indication enables patients to wear the sensor on the upper arm, which delivers more flexible and enhanced performance for users, and improved accuracy to be used with the MiniMed 670G system.
• Additionally, in July, 2016, Tandem Diabetes Care and TypeZero Technologies entered into an agreement for the launch of TypeZero’s artificial pancreas (AP) tech and Tandem’s t:slim Insulin Pump. This agreement is an important step for bringing closed-loop artificial pancreas system to the diabetes community.
The report segments the global artificial pancreas device systems market as follows:
Global Artificial Pancreas Device Systems Market – By Type
• Control to Range
• Control to Target
• Threshold-Suspended Device Systems
Global Artificial Pancreas Device Systems Market – By Geography
• North America
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South Africa
• Saudi Arabia
• South & Central America (SCAM)
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