openPR Logo
Press release

Hybrid Close Loop System Market To Record Sturdy Growth By 2024

02-04-2018 11:05 AM CET | Health & Medicine

Press release from: Transparency Market Research

Hybrid Close Loop System Market To Record Sturdy Growth By 2024

Hybrid close loop system is an advanced technique having two parts as insulin pump with hybrid close loop and a sensory system guardian link three transmitter, which is designed to assist patients with type 1 diabetes in managing the glucose level. In auto mode, hybrid close loop system automatically adjusts the volume of insulin to be transferred with keeping a record of the quantity delivered in a given preset cycle. Hybrid close loop system can also adjust the volume of basal insulin i.e. the volume required when a person is not using an insulin pump. The device supplying quantity of 120 mg/dL of insulin, which further adjusts the hybrid close loop system to synchronize with the diet of the patient.

Hybrid close loop system helps an individual to be aware of their glucose level, which makes them more independent in managing their daily diet plans with better compliance gradually. Furthermore, individuals at the risk of fluctuating glucose level at the night time are expected to be benefited more due to the hybrid close loop system’s continuous glucose monitoring as well as the provision of insulin availability throughout the bedtime. Hybrid close loop system device can be a monopolistic rival for other insulin pump devices due to its hybrid and dual nature of monitoring the glucose level as well as to pump the amount of insulin required to maintain the absolute sugar level in the body. Nevertheless, the supporting factor for Medtronic hybrid close loop system is the priority access program, which enables diabetes affected population to get started with MiniMed 630G system with low cost on purchasing before it’s official release in the market, which is dated in the year 2017.

View Report -
https://www.transparencymarketresearch.com/hybrid-close-loop-system-market.html

The global Hybrid Close Loop System Market consists of only one product named MiniMed 630G by Medtronic. Hybrid close loop system named MiniMed 630G system by Medtronic is available with a healthy reimbursement plan, which will benefit the patient, which in turn is expected to fuel the market growth for hybrid close loop system market in the near future. Furthermore, based on end users, global hybrid close loop system market can be further segmented into hospitals, clinics, diagnostic centers, and ambulatory care centers. Increasing prevalence of diabetes with increasing technological advances and increasing adoption rate for assistive medical technology is expected to support the hybrid close loop. The hybrid close loop system is expected to register significant CAGR during the forecast period, due to monopolistic approach and technological advancements.

Other influencing factors are increased demand for comfortable lifestyles among patients suffering from debilitating diseases such as diabetes, is expected to fuel the demand for hybrid close loop system. This system has recently received approval from the U.S. FDA in September 2016. Increasing preference of physicians towards continuous glucose monitoring of patients who have diabetes is another factor expected to push the hybrid close loop system market. Availability of hybrid close loop product upgrade programs at minimum cost along with reimbursement options are other revenue drivers for the market.

Request to View Brochure of Report -

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16295

Restraints include novelty of the product. This refers to the fact that there is only one approved product in the world currently in hybrid close loop system market. Differential access to the technology could hamper the expected revenue flows from developing markets across the world. Furthermore, lack of technological advancement and infrastructural loopholes in manufacturing could deter market entry of a similar product in the near horizon. Regulatory hurdles for hybrid close loop system product clearance with design specification and gaining marketing authorization are other factors projected to hinder expected revenue stream from the technology.

Type 1 diabetes burden is increasing gradually which is one of the major health concern globally. According to the American Diabetes Association, in 2012, the prevalence of diabetes is expected to increase by 2-5% globally and is to affect the hybrid close loop system market positively in the near future. Based on geography, the global hybrid close loop system market is segmented into five key regions, North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America is expected to account for the largest revenue share in the global hybrid close loop system market over the forecast period followed by Europe. Hybrid close loop systems are non-invasive devices which are useful in safe glucose monitoring as well as insulin supply, and this dual factor has increased the adoption rate of hybrid close loop systems among end users, which is expected to underpin the growth of the global hybrid close loop system devices market. Also, there is a growing trend of home and point of care testing, and a shift towards the better lifestyle, which is projected to expand the growth of the hybrid close loop system market in North America & Europe. Asia-Pacific is expected to witness remarkable CAGR during the forecast period, due to large population base affected by type 1 diabetes. However, healthcare facilities in underdeveloped and emerging countries, which lack appropriate awareness for innovative assistive technologies, is anticipated to affect the adoption rate in these countries.

Currently, there is only one player in the global hybrid close loop system market named as Medtronic, which is selling its hybrid close loop system device by the name of Minimed 670G System.

Pre-Book Full Report -

https://www.transparencymarketresearch.com/checkout.php?rep_id=16295<ype=S

About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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 Hybrid Close Loop System Market To Record Sturdy Growth By 2024 here

News-ID: 929796 • Views:

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internet
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 …
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:

All 5 Releases


More Releases for Hybrid

WHAT IS A Hybrid System Market AND WHY IT MATTERS | Adgero Hybrid Systems, Valeo …
The ‘ Hybrid System market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Hybrid System derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested
Electric Bus Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Ve …
Electric bus or e-bus is a bus that does not have traditional ICE engine for its propulsion and is completely electric. E-bus is driven by an on-board electric motor that receives the power from on-board batteries or set of batteries. Electric buses are considered as eco-friendly as they do not produces any pollutants are also economical when compared with traditional gasoline/diesel buses. Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPAT00002413/?utm_source=openpr&utm_medium=10387 Major Players in the
Hybrid Adhesives & Hybrid Sealants Market worth 7.54 Billion USD by 2022
The report "Hybrid Adhesives & Hybrid Sealants Market by Resin Type (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate), Application (Building & Construction, Automotive & Transportation, Industrial Assembly), and Region - Global Forecast to 2022", The hybrid adhesives & hybrid sealants market is projected to grow from USD 4.60 Billion in 2016 to USD 7.54 Billion by 2022, at a CAGR of 8.6% during the forecast period. Browse 72 Market Data Tables and 31
Hybrid Vehicles Market 2026 | Gasoline Hybrid, Diesel Hybrid, Parallel Hybrid, S …
Research Report Insights in its report titled “Hybrid Vehicles Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” offers detailed insights and in-depth research on the global hybrid vehicles market over a 10-year forecast period 2016 – 2026. The report covers the important factors driving the growth of the global hybrid vehicles market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global hybrid vehicles market and other
Hybrid Tbilisi
Reflections on Architecture in Georgia The Caucasian metropolis of Tbilisi is in a permanent state of transformation. Spectacular new buildings contrast with late-Soviet formal experiments such as the Ministry of Highway Construction, an icon of Soviet brutalism. Meanwhile, palaces, administration buildings, and museums by European architects from the early-twentieth century are fading into oblivion, while entire streets around them are being reconstructed. Georgia’s capital appears like something of a paradox: on
Hybrid and Electric Vehicles Market,Hybrid and Electric Vehicles Industry, Globa …
Latest industry research report on: Global Hybrid and Electric Vehicles Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report studies the global Hybrid and Electric Vehicles market status and forecast, categorizes the global Hybrid and Electric Vehicles market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia