The Infinium Global Research analyzes the Artificial Pancreas Device System Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global artificial pancreas device system market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of artificial pancreas device system. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the artificial pancreas device system market during the period. The global artificial pancreas device system market is projected to grow at a CAGR of 15.5% over the forecast period of 2019-2025.
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Increasing the Prevalence of Diabetes Globally is One of the Major Factor Driving the Growth of the Artificial Pancreas Device System Market
Increasing the prevalence of diabetes globally is one of the major factor driving the growth of the artificial pancreas device system market. According to WHO the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014 and the global prevalence of diabetes among adults over 18 years of age have risen from 4.7% in 1980 to 8.5% in 2014.
Moreover, the benefit of an artificial pancreas device system over continuous glucose monitors (CGMs) and insulin pumps to deliver continuous subcutaneous insulin infusion (CSII) therapy such as continuous monitoring of glucose level, hands-free and use of digital communication technology and digital communication technology for glycemic control. On the other hand, low effectivity of the devices in case of sportspersons can hamper the growth of the market. However, the rising dependency of insulin for type II diabetes can provide good opportunities for the growth of the market.
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North America Especially the U.S. Dominates the Global Artificial Pancreas Device System Market
Geographically, global artificial pancreas device system market segmented into North America, Europe, Asia-Pacific, and RoW. The market in North America especially the U.S. dominates the global artificial pancreas device system market availability of modern healthcare facilities, faster market uptake of new technologies and well-established reimbursement policies are some factors contributing to the growth of the region.
Europe is anticipated to hold the second position in the global artificial pancreas device system market owing to raising awareness and increasing healthcare expenditure. Asia-Pacific region is a highly potential market owing to the large diabetic patient pool, growing healthcare expenditure and increased research and development institutes.
Artificial Pancreas Device System Market: Segmentation
The report on the global artificial pancreas device system market covers segments such as device type, and treatment type. On the basis of device type, the sub-markets include control-to-range (CTR) system, threshold suspended device system, and control-to-target (CTT) system. On the basis of treatment type, the sub-markets include bi-hormonal, insulin only, and hybrid.
Artificial Pancreas Device System Market: Competitive Landscape
The report provides profiles of the companies in the market such as Bigfoot Biomedical, Johnson & Johnson, Medtronic plc, TypeZero Technologies, Semma Therapeutics, Insulet Corporation, Beta Bionics, Defymed, Animas Corporation, Tandem Diabetes Care, and Other companies.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the artificial pancreas device system.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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