Press release
ARTIFICIAL PANCREAS DEVICE SYSTEM (APDS) MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2032)
Global Artificial Pancreas Device System Market
The artificial pancreas device system market is anticipated to grow rapidly with a CAGR of 18.2% over the forecast period.
The market is expected to increase as a result of the rising incidence of diabetes, active R&D activities by industry participants, and rising usage of automated systems for glycemic control. Blood glucose levels in diabetic patients are controlled by artificial pancreas device systems (APDS), and industry participants are doing several studies to enhance diabetes management. Patients frequently use these gadgets since they are significantly less intrusive. The market for artificial pancreas device systems is expanding as a result of the growing elderly population, rising diabetes incidence, and rising obesity prevalence.
Scope of the Report
A medical device that connects a glucose monitor to an insulin infusion pump and instructs the pump to function automatically (using a control algorithm) in response to the glucose monitor reading is known as an artificial pancreas device system, according to the report's definition. The Artificial Pancreas Device System (APDS) market is divided into three categories: End User (Hospitals, Clinics, and Others), Device type (Threshold Suspended Device System, Control to Range (CTR) System, and Control to Target (CTT) System), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). Additionally, the market study includes projected market estimates and trends for 17 different nations throughout the world's key geographic areas. The report provides the value for the aforementioned segments (in USD million).
Artificial Pancreas Device System Market Competitive Analysis
Due to a small number of worldwide and regionally active businesses, the artificial pancreas device system industry is fragmented. The competitive environment comprises a review of a few well-known, internationally operating as well as locally based enterprises. Medtronic plc, Johnson & Johnson, Tandem Diabetes Care, Inc., Pancreum, Inc., Beta Bionics, Inc., DexCom, Inc., Insulet Corporation, Defymed, Admetsys Corporation, and Bigfoot Biomedical, Inc. are a few of the leading companies.
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Artificial Pancreas Device System manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Artificial Pancreas Device System market covering all its essential aspects.
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Global Artificial Pancreas Device System Market: Segmentations
Global Artificial Pancreas Device System Market: By Key Players
Medtronic
Johnson & Johnson
TypeZero Technologies
Tandem Diabetes
Pancreum
Insulet
Beta Bionics
Animas Corporation
LLC
Bigfoot Biomedical
Global Artificial Pancreas Device System Market: By Types
Control-to-Range (CTR) System
Threshold Suspended Device System
Control - to - Target (CTT) System
Global Artificial Pancreas Device System Market: By Applications
Hospital
Clinic
Global Artificial Pancreas Device System Market: Regional Analysis
The countries covered in the regional analysis of the Global Artificial Pancreas Device System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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• In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
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• Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Vantage Market Research methodology.
Frequently Asked Questions
1. What is the Growth Outlook for Artificial Pancreas Device System Market?
2. What is the Current Valuation of the Artificial Pancreas Device System Market?
3. Which is the Leading Region in the Market?
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