Press release
Artificial Pancreas Device System Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Artificial Pancreas Device System Market Size
The market for artificial pancreas device systems has experienced a significant expansion in recent years. The market value is forecasted to surge from $1.81 billion in 2024 to $2.07 billion in 2025, with a compound annual growth rate (CAGR) of 14.1%. The historic market growth can be explained by factors such as escalating investments, increased government efforts in clinical investigations, a rising demand for automated glycemic control systems, aggressive research and development undertakings by industry participants, and a growing older population.
In the coming years, the market for artificial pancreas device systems is projected to experience a swift expansion. The market value is anticipated to surge to $3.48 billion by 2029, with an impressive compound annual growth rate (CAGR) of 13.9%. Factors contributing to this growth throughout the forecast period encompass an escalating prevalence of diabetes, a higher incidence of pancreatic cancer, an increase in instances of diabetes and obesity, a rising demand for minimally invasive (MI) drug delivery systems, along with advances in diabetes management technology. The forecast period is also expected to witness notable trends like tech-based innovations, amplified research and development endeavors, more product approvals, collaborative ventures and partnerships, coupled with an upswing in tele-consultancy activities for follow-ups.
What Is Driving the Growth Trajectory of the Artificial Pancreas Device System Market?
The growth of the artificial pancreas device system market is projected to be driven by the rising occurrence of pancreatic cancer. This type of cancer is a deadly tumour that begins in the pancreas, a gland positioned behind the stomach. It is influenced by elements such as lifestyle, genetic, medical, and environmental factors, along with genetic mutations which can cause hereditary pancreatitis, resulting in chronic inflammation of the pancreas. The primary function of an artificial pancreas device system (APDS) is to assist those with diabetes in managing their blood sugar levels. It does this by continuously observing glucose and dispensing the required insulin dosage. For example, Cancer Australia, a government institution, projected in March 2024 that there were 4,506 new pancreatic cancer diagnoses in 2023, which marked an increase from the 3,751 cases identified in the previous five years. Consequently, the escalating incidence of pancreatic cancer is fuelling the expansion of the artificial pancreas device system market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18229&type=smp
Who Are the Major Industry Players Fueling Artificial Pancreas Device System Market Expansion?
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
Which Key Developments Are Influencing the Artificial Pancreas Device System Market?
Companies that play a significant role in the artificial pancreas device system market are focusing on the creation of automatic insulin dispensing technologies. These are designed to improve the management of diabetes by autonomously checking blood sugar levels and administering the appropriate insulin doses. The objective is to emulate a functioning pancreas, thereby lessening the need for individuals living with diabetes to manually oversee their blood sugar levels and insulin needs. For example, in May 2023, Beta Bionics, an American company specializing in medical equipment production, attained FDA 510(k) clearance for their iLet Insulin-Only Bionic Pancreas System. This autonomous insulin delivery apparatus emulates an artificial pancreas' function to independently ascertain and dispense insulin doses to regulate blood glucose levels. Its enclosed loop system, which is linked to a continuous glucose monitor (CGM), adjusts insulin administration based on the measured glucose levels of the user. The system only needs the user's body mass and a meal sizing estimate to adjust insulin dispensation autonomously.
How Is the Segmentation of the Artificial Pancreas Device System Market Defined?
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
Subsegments:
1) By Threshold Suspend Device Systems: Insulin Pump with Threshold Suspend, Continuous Glucose Monitoring (CGM) Integrated Systems
2) By Control-To-Range Systems: Hybrid Closed-Loop Systems, Insulin Delivery Systems with Range Control, Real-Time Glucose Adjustment Systems
3) By Control-To-Target Systems: Fully Closed-Loop Artificial Pancreas Systems, Insulin Pumps with Targeted Glucose Control, Automated Glucose Regulation Systems
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/artificial-pancreas-device-system-global-market-report
What Is the Leading Region in the Artificial Pancreas Device System Market?
North America was the largest region in the artificial pancreas device system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial pancreas device system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Artificial Pancreas Device System Global Market Report?
- Market Size Analysis: Analyze the Artificial Pancreas Device System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Pancreas Device System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Pancreas Device System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Pancreas Device System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18229
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Artificial Pancreas Device System Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers here
News-ID: 3856521 • Views: …
More Releases from The Business Research Company
Rising Cancer Incidence Fuels Growth In The Market Due To Aging Populations And …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Tumor Microenvironment Market Size By 2025?
The market size for the tumor microenvironment has experienced swift expansion in the past few years. The market is projected to rise from $1.37 billion in 2024 to $1.54 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Increasing Prevalence Of Cardiovascular Diseases Fueling The Growth Of The Marke …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Ticagrelor Market Through 2025?
The market for ticagrelor has seen consistent growth in recent years, with projections suggesting it will rise from $1.79 billion in 2024 to $1.93 billion in 2025, this suggests a compound annual growth rate (CAGR) of 7.6%. The…
Emerging Trends to Drive Telemedicine Market Growth at 20.2% CAGR Through 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Telemedicine Market Size Growth Forecast: What to Expect by 2025?
Over time, the telemedicine industry has seen substantial expansion. Its market size, valued at $137.29 billion in 2024, is anticipated to soar to $165.51 billion in 2025, boasting a compound annual growth rate (CAGR) of 20.6%. The driving factors…
Spinal Muscular Atrophy Treatment Market: Major Trends Reshaping the Future of t …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Spinal Muscular Atrophy Treatment Industry Market Size Be by 2025?
The market size of treatments for spinal muscular atrophy has seen a swift expansion in the past few years. It is expected to increase from $4.41 billion in 2024 to $5.1 billion in 2025, with a…
More Releases for Device
Global Watch Clock Measuring Device Market | Watch Clock Measuring Device Indust …
Watch, clock and measuring device market comprises of the sales of watch, clock, measuring device & related services to measure the time and physical quantity. Watch is portable timepiece, which is worn by people around the wrist, attached by a strap. Clock is a device used to measure and indicate time, using the pointers moving over a dial. Measuring device is an instrument used for measuring the various parameters in…
PC-Based Resting Electrocardiograph Market Value Share, Analysis and Segments 20 …
Cardiovascular diseases are a leading cause of death all over the world, and hence need to be treated as soon as possible after their diagnosis. PC-based ECG machines are one of the most reliable machines that can used to detect, diagnose, and capture highly useful data, which can be used for initiating relevant treatment procedures. Thanks to the various benefits provided by these devices, a distinct PC-based electrocardiograph market exists…
Peripheral Vascular Device Market Size, Peripheral Vascular Device Market Share, …
Global Peripheral Vascular Device Market Size is observed to gain traction owing to the factors such as increasing research and development for developing several new product, and rising funding by the private organizations.
Request for Sample of This Research Report @ https://bit.ly/2xjOKpC
Top Key Player:-
Abbott Laboratories
Braun Melsungen AG
Boston Scientific Corporation
R. Brad, Inc.
Cardinal Health, Inc.
Medtronic plc.
Cook Medical, Inc.
Teruma Corporation
Jude Medical, Inc.
The Spectranetics Corporation
Volcano Corporation
Peripheral vascular disorder (PVD) is a blood circulation disorder…
Medical Device Technologies Market - The Evolution of Medical Device Technologie …
The global medical device technologies market is anticipated to be boosted by various well-known players in the market. Some of these players that are dealing with the manufacturing of in vitro diagnostic devices hold a significant share in the global market. Whereas, the small market players are emerging from several developing nations, looking to set their foot in the market. Such measures are foreseen to change the market scenario in…
Energy Based Device in Hyperhidros Market Report 2018: Segmentation by Product ( …
Global Energy Based Device in Hyperhidros market research report provides company profile for Alma Lasers, ThermiAesthetics, Ulthera, Valeant, Cynosure, Miramar Lab, Fotona and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
Timing Device Market
Asia Pacific traffic sensor market is expected to hold the majority share due to the adoption of technologically-advanced systems. Growing urban population and the increasing need for real-time information systems in the region will propel the traffic sensor market growth. Growing urban population in countries including India, China, Japan, and South Korea is increasing the strain on the traffic management solutions. This is encouraging the governments to invest increasingly in…
