Artificial Pancreas are the type of implant which is implanted when there is an impairment in pancreas function. Artificial pancreas having similar working like human pancreas. Artificial pancreas releases insulin in response to change in body glucose levels i.e. similar as normal pancreas does. Artificial pancreas are being in study for their use in treatment of type 1 diabetes and type 2 diabetes mellitus. The artificial pancreas not only regulates blood sugar levels but also releases appropriate amount of insulin in order to reduce blood sugar levels and decrease the chances of hyperglycemia.
MARKET DYNAMICS
The key market drivers for Artificial Pancreas Market Includes, increasing prevalence of diabetes mellitus, rising incidences of hyperglycemia and rising demand for automated devices. Moreover, rising R&D investments and novel therapies are also expected to fuel market growth during forecast period. Whereas, high cost of artificial pancreas and their implantation is expected to restrain market growth during forecast period.
MARKET SCOPE
The "Artificial Pancreas Market" is a specialized and in-depth study of the Medical Device industry with a special focus on the global market trend analysis. The report aims to provide an overview of Artificial Pancreas market with detailed market segmentation by control type and treatment type. The Artificial Pancreas Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Artificial Pancreas Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Artificial Pancreas Market is segmented on the basis of control type and treatment type. On the basis of treatment type the market is segmented as, insulin only, Bi-Hormonal and hybrid. On the basis of control type the market is segmented as, threshold suspend device system, non-threshold suspend device system, control to range system and control to target system.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Artificial Pancreas Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Artificial Pancreas Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Artificial Pancreas Market from both demand and supply side and further evaluates market dynamics affecting the market during 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 after evaluating political, economic, social and technological factors effecting the Artificial Pancreas Market in these regions.
MARKET PLAYERS
The report covers key developments in the Artificial Pancreas Markets organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Artificial Pancreas Market are anticipated to have lucrative growth opportunities in the future with the rising demand for, Artificial Pancreas market in the global market. Below mentioned is the list of few companies engaged in the Artificial Pancreas Market.
The report also includes the profiles of key players in Artificial Pancreas Market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- Medtronic
- Johnson and Johnson
- Beta Bionics
- Bigfoot Biomedical
- Admetsys
- Animas Corporation
- Defymed
- Dexcom
- Insulet Corporation
- Medtech
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