Artificial Pancreas Devices Systems Market 2021: Detailed Analysis of Current Industry Figures with Forecasts Growth By 2028| Medtronic, Bigfoot Biomedical, Beta Bionics, Admetsys, Insulet, Tandem Diabetes Care, Defymed, and Others.

The global artificial pancreas device systems market exhibited strong growth during 2015-2021. Looking forward, IMARC Group expects the market to grow at a CAGR of 12% during 2021-2028.

Artificial pancreas device system are the devices that closely copy the glucose regulating function of fit pancreas. The device not only monitors the glucose levels in the body, it also automatically adjusts the distribution of insulin to reduce high blood glucose levels and lowers the incidence of low blood glucose with less or no input from the patient. According to the Food and Drug Administration, the use of an artificial pancreas is associated with better control of blood sugar levels for people with type 1 diabetes compared with standard treatment.

Pancreas is a vital organ of the body, particularly the digestive system. It is a flat gland of about 6 inches, which is located in the abdomen and is surrounded by stomach, small intestine, liver, spleen, and gall bladder. It secrets several crucial hormones such as insulin and glucagon as well as enzymes for digestion and other metabolic processes in the body. Insulin lowers the blood sugar level of the body by enabling the cells to take up sugar in the form of glucose from the blood to produce energy. Glucagon helps in raising the blood sugar level by making the liver release stored glucose. The imbalance or improper functioning of these two hormones may lead to imbalance of the blood sugar level leading to diabetes.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Artificial Pancreas Devices Systems market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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Some of the key players operating in the Artificial Pancreas Devices Systems market are Medtronic, Bigfoot Biomedical, Beta Bionics, Admetsys, Insulet, Tandem Diabetes Care, Defymed, and Others.

Medtronic launched the first hybrid closed loop system, MiniMed 670G, which has the property of self- adjustment to keep sugar level in range. Similarly, BigFoot Biomedical has an artificial pancreas device in its clinical trial phase. More than 20 research activities are currently being conducted globally with anticipation of introducing the devices by 2017-2018.

The artificial pancreas device system, also referred to as closed-loop system, automated insulin delivery system, or autonomous system for glycemic control, is basically a system of devices coupled together to imitate the glucose regulation by a healthy pancreas. Artificial pancreas device system primarily consists of a continuous glucose monitoring (CGM) system, an insulin infusion pump, and a controlled algorithm. The CGM system constantly provides information about the patient’s blood glucose level. This is achieved by placing a sensor under the patient’s skin, which measures the glucose level in the interstitial fluid (fluid around cells).

Market segmentation:
This report segments the market on the basis of by type are:

Control to Range
Control to Target
Threshold-Suspended Device Systems

On the basis by application, the market is segmented into:

Hospitals
Clinics
Home Care
Ambulatory Centre and Others

The report is mainly segmented into several key regions, with sales, revenue, market share, and growth rate in these regions, covering:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Table of Contents: -

1. Global Artificial Pancreas Devices Systems Market Overview
2. Global Artificial Pancreas Devices Systems Market Competitions by Manufacturers
3. Global Artificial Pancreas Devices Systems Capacities, Production, Revenue (Value) by Region
4. Global Artificial Pancreas Devices Systems Supply (Production), Consumption, Export, Import by Region
5. Global Artificial Pancreas Devices Systems Productions, Revenue (Value), Price Trend by Type
6. Global Artificial Pancreas Devices Systems Market Analyses by Application
7. Global Artificial Pancreas Devices Systems Manufacturers Profiles/Analysis
8. Artificial Pancreas Devices Systems Manufacturing Cost Analysis
9. Industrial Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analyses, Distributors/Traders
11. Market Effect Factors Analysis
12. Global Artificial Pancreas Devices Systems Market Forecast
13. Research Findings and Conclusion
14. Appendixes

The research includes historic data from 2015 to 2021 and forecasts until 2028 which makes the report's an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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