The Insight Partners has announced the addition of the “Artificial Pancreas Device System Market to 2025 – Global Analysis and Forecasts by Type (Control to Range, Control to Target and Threshold Suspended Device Systems)” report to their offering.
Artificial pancreas device system are the devices that closely copy the glucose regulating function of fit pancreas. The device not only monitors the glucose levels in the body, it also automatically adjusts the distribution of insulin to reduce high blood glucose levels and lowers the incidence of low blood glucose with less or no input from the patient.
The artificial pancreas device system market is expected to grow significantly due to the key factors such as rise in the number of diabetes incidences in growing geriatric population as well as in the young age people, increase in the technological advancement and also the support from the FDA raises the medical innovations to produce safe and effective devices for the medical industries. For instances, in October 2016, FDA approved the first hybrid closed loop system known as MiniMed 670G system of Medtronics. Thus, these factors are motivating the players to produce more devices with more advanced technology which will eventually lead to the market growth of artificial pancreas device system in future.
The “Global Artificial Pancreas Device System Market Analysis to 2025” is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global artificial pancreas device system market with detailed market segmentation by type, and geography. The global artificial pancreas device system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
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The segmentation of the artificial pancreas device system market is classified as type. The type segment is segmented into control to range, control to target and threshold suspended device systems. The largest market of artificial pancreas system is hold by the threshold suspended device systems. The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global artificial pancreas device system market based on type. It also provides market size and forecast till 2025 for overall artificial pancreas device system market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
North America is hold the largest market followed by the Europe for artificial pancreas device system due to the factors such increase in the geriatric population, increase in the diabetic cases and technological advancement in the field of medical devices. The Asia Pacific region is expected to be the fastest growing region due to the increase in diabetes incidences, increase in the expenditure for the medical facilities. Thus, owing to these factors the market for artificial pancreas device system is expected to propel in coming future.
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The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America.
The report also includes the profiles of key artificial pancreas device system manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are, Defymed, Beta Bionics, TypeZero Technologies, Inc., Tandem Diabetes Care, Inc., BIGFOOT BIOMEDICAL, INC., Johnson & Johnson Services, Inc., Pancreum, Inc., Medtronic, Insulet Corporation, and Admetsys.
Some of the key players of Artificial Pancreas Device System Market
- Beta Bionics
- TypeZero Technologies, Inc.
- Tandem Diabetes Care, Inc.
- BIGFOOT BIOMEDICAL, INC.
- Johnson & Johnson Services, Inc.
- Pancreum, Inc.
- Insulet Corporation
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