“Artificial Pancreas Device System Market” study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This Report encloses comprehensive analysis on the market and market data validated by three approaches including top companies’ revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. Every crucial and decisive detail for the development and restriction of the market is mentioned in the report that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.
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The global artificial pancreas device systems market accounted to US$ 481.8 Mn in 2017 and is expected to grow at a CAGR of 20.9% during the forecast period 2018 – 2025, to account to US$ 2,168.1Mn by 2025.
- TypeZero Technologies, Inc.
- Insulet Corporation
- Bigfoot Biomedical, Inc.
- Dexcom, Inc.
- Beta Bionics
- Tandem Diabetes Care, Inc.
The global artificial pancreas device systems market by product was segmented into control to range, control to target and threshold suspended device systems. The market by the type was led by threshold suspended device systems. In 2017, the threshold suspended device systems held a largest market share of 71.5% of the artificial pancreas device systems market, by type. The threshold suspended device systems segment is expected to dominate the market in 2025 owing to the advantages offered by the systems.
Diabetes is a life-threatening chronic disease with no specialized cure. It is mainly caused by the body’s inability to produce or effectively utilize the hormone insulin. Diabetes is one of the largest global health emergencies of the 21st century. Each year more and more people live with this condition, which can result in life-changing complications. According to the International Diabetes Federation (IDF), in 2017, number of people with diabetes in North America was approximately 46 million which is expected to grow at 62 million in 2045. The increase in the disease prevalence is around 35% during the forecast period.
The report Artificial Pancreas Device System Market gives varied description about the segmentation of the market on the basis of segmented type, application and region, and leads with a descriptive structure of the trends and restrictions of the various segments and sub segments. It also provides the market size and estimates a forecast from the year 2020 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Artificial Pancreas Device System market.
Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the “Artificial Pancreas Device System ” market.
- Key market trends cracking up the growth of the “Artificial Pancreas Device System ” market.
- Challenges to market growth.
- Key vendors of “Artificial Pancreas Device System ” market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global “Artificial Pancreas Device System ” market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Artificial Pancreas Device System 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.
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