Artificial Pancreas Device Systems Market Size, Share & Trends Analysis Report By Device Type (Threshold Suspend Device Systems, Control-to-Range Systems), By Region, And Segment Forecasts, 2023 - 2032

Report Overview
The global artificial pancreas device systems market size was valued at USD 207.27 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.94% from 2023 to 2032. The drivers driving the market growth are the increased prevalence of diabetes, intense R&D activities by industry participants, and expanding demand for automated systems for glycemic management. Patients with diabetes are monitored for blood glucose levels using artificial pancreas device systems (APDS), and several studies are being conducted by industry participants to improve diabetes treatment. Since these devices are less invasive, a larger portion of the patient population uses them. The rising senior population, rising diabetes incidence, and rising obesity prevalence are mostly to blame for the market's expansion.

Technology advancements like the in-home use of the Bionic Pancreas system and the Bionic Pancreas system are also expected to generate sizable growth prospects in the near future. Additionally, growing public knowledge of APDS and their application has fueled market expansion in both developed and developing nations.
Diabetes prevalence is on the rise, and industry companies are putting up significant R&D effort. Industry firms are heavily researching artificial pancreas devices (APDS), which regulate blood glucose levels in diabetic patients.

Global Artificial Pancreas Device Systems Market Scope:
The CTR system, threshold suspended device system, and CTT system are the three types that can be used to segment the market. Threshold suspended system was the largest market segment for artificial pancreas devices in 2021, accounting for 75.2% of total global sales.
When the sensor glucose level hits a predetermined threshold, the gadget immediately ceases delivering insulin and reacts to a threshold suspension alarm. The ability of this device to treat hypoglycemia conditions like type 1 diabetes makes it appealing. This is sometimes referred to as the low glucose suspend the system or the threshold suspended device system. When there is severe hypoglycemia, this is used. The administration of insulin raises blood glucose levels.
Over the length of the forecast, the Control-to-Target systems segment will expand exponentially. For the administration of insulin and the monitoring of glucose levels, CTT systems can be totally automated and don't need any help from the patient. Over the predicted period, the CTT system will pick up speed.

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Segments
By Device Type
• Threshold Suspended Device System
• Control to Range (CTR) System
• Control to Target (CTT) System
By End User
• Hospitals
• Clinics
• Homecare
• Ambulatory Surgical Centers
• Others
Global Artificial Pancreas Device Systems Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Artificial Pancreas Device Systems 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.

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Market Dynamics:
Technology advancements like the usage of a bionic pancreas in the home are anticipated to create considerable growth prospects in the near future. Market expansion has been fueled by an increase in APDS usage and awareness in both developed and emerging nations.
The COVID-19 outbreak will support market expansion. Disruptions in logistics and changes to international trade have had an impact on corporate growth. The market for APDS is anticipated to grow as a result of numerous nations starting to loosen their lockdowns and creating robust distribution networks to make up for lost revenue and prevent market participants from going out of business.

Market Share & Key Players Analysis:
Key market participants engage in tactics including mergers and acquisitions, alliances, and the introduction and promotion of new, technologically sophisticated goods and services in order to improve their market positions.
To create items with cutting-edge technology, they make significant R&D investments. For the MiniMed780G, Medtronic, for instance, gained CE-Mark certification in 2020. After five minutes, this device automatically modifies the basal insulin rate. Patients with diabetes aged 7 to 80 are eligible for it. A next generation closed-loop hybrid insulin delivery system for type 1 diabetes children aged 2 to 6 years was given FDA approval in September 2020.

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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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