ARTIFICIAL PANCREAS DEVICE SYSTEM MARKET ANALYSIS

Name: Artificial Pancreas Device System Market Size and Trends
Creator: Coherent Market Insights
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Keywords: Artificial Pancreas Device System Market, Artificial Pancreas Device System Market Report, Artificial Pancreas Device System Industry Report, Artificial Pancreas Device System Market Size, Artificial Pancreas Device System Market Share, Artificial Pancreas Device System Market Analysis, Artificial Pancreas Device System Market Growth, Artificial Pancreas Device System Market Trends, Artificial Pancreas Device System Market Overview, Artificial Pancreas Device System Market Forecast

Artificial Pancreas Device System (APDS) Market, By Technology (Threshold Suspended Device Systems, Treat to Range/Control to Range (TTR/CTR), and Treat to Target/ Control to Target (TTR/CTT)), by Distribution Channel (Hospitals & Clinics, Online Channels, and Retail Channels), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Aug 2019
Code : CMI79
Pages :205
Formats :
Excel and PDF
Industry : Biotechnology

Artificial Pancreas Device System MarketSize and Trends

Approval and Launch of Novel Technological Advanced Artificial Pancreas Device Systems is Expected to Fuel Market Growth

In June 2017, Medtronic Plc. launched a new hybrid closed-loop system (near-artificial pancreas) for people with type 1 diabetes in the U.S. This newly launched hybrid closed-loop system comprises of Medtronic’s MiniMed 670G insulin pump, fourth-generation sensors, and a control algorithm to determine basal insulin delivery.

This new system was approved by the U.S. FDA in 2016, and it helps to maintain the blood glucose levels within normal range by measuring them every five minutes, and responding automatically by administering or withholding insulin.

Approval and launch of such novel devices is expected to create a lucrative environment for the global artificial pancreas device system (APDS) market growth over the forecast period.

The global artificial pancreas device system (APDS) market size was valued at US$ 123.5 Mn in 2018, and is expected to witness a CAGR of 14.1% during the forecast period (2020 – 2027).

Figure 1. Global Artificial Pancreas Device System (APDS) Market Share (%), By Technology, 2027