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Global Artificial Pancreas Device System Market 2024 - By Share, Size, Growth Analysis And Forecast To 2033
Global Artificial Pancreas Device System Market
As per the report, the artificial pancreas device system market size has grown rapidly in recent years. It will grow from $1.59 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The artificial pancreas device system market size is expected to see rapid growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 14%.
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What Is Driving The Growth Of The Global Artificial Pancreas Device System Market?
Impact Of Increasing Pancreatic Cancer Prevalence On The Artificial Pancreas Device System Market
The increasing prevalence of pancreatic cancer is expected to propel the growth of the artificial pancreas device system market going forward. Pancreatic cancer is a malignant tumor that originates in the pancreas, a gland located behind the stomach. Pancreatic cancer is influenced by a combination of lifestyle, genetic, medical, and environmental factors, along with genetic mutations causing hereditary pancreatitis, which can lead to chronic inflammation of the pancreas. An artificial pancreas device system (APDS) is primarily designed to help individuals with diabetes manage their blood sugar levels by automatically monitoring glucose and delivering the appropriate amount of insulin.
What Is The Key Trend In The Global Artificial Pancreas Device System Market?
Innovations in Automated Insulin Delivery Systems
Major companies operating in the artificial pancreas device system market are developing automated insulin delivery systems to enhance diabetes management by automatically monitoring blood glucose levels and delivering the appropriate amount of insulin. Automated insulin delivery systems aim to replicate the function of a healthy pancreas, reducing the burden of constant blood sugar monitoring and manual insulin administration for individuals with diabetes.
How Is The Global Artificial Pancreas Device System Market Segmented?
The artificial pancreas device system market covered in this report is segmented -
1) By Device Type: Threshold Suspend Device Systems, Control-To-Range Systems, Control-To-Target Systems
2) By Treatment Type: Bi-Hormonal, Insulin Only, Hybrid
3) By End-User: Hospitals, Medical Centers, Other End-Users
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How Is The Competitive Landscape Of The Global Artificial Pancreas Device System Market?
Major companies operating in the artificial pancreas device system market are Johnson & Johnson, Abbott Laboratories, Medtronic plc, DexCom Inc., Insulet Corporation, Tandem Diabetes Care Inc., Juvenile Diabetes Research Foundation (JDRF), Beta Bionics Inc., Glooko Inc., Bigfoot Biomedical Inc., CeQur SA, Medtrum Technologies Inc., Diabeloop SA, Beta-O2 Technologies Ltd, Pancreum Inc., TypeZero Technologies LLC, Inreda Diabetic B.V., Defymed SAS, Admetsys Corporation, DreaMed Diabetes Ltd
Contents Of The Global Artificial Pancreas Device System Market
1. Executive Summary
2. Artificial Pancreas Device System Market Report Structure
3. Artificial Pancreas Device System Market Trends And Strategies
4. Artificial Pancreas Device System Market - Macro Economic Scenario
5. Artificial Pancreas Device System Market Size And Growth
…..
27. Artificial Pancreas Device System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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