Market Synopsis of Global Artificial Pancreas Market:
Market scenario:
Artificial pancreas are devices that mimics the glucose
regulating function of healthy pancreas. These devices use computer-controlled
algorithm so as to precisely calculate the amount of insulin to be delivered by
using an insulin infusion pump. Advanced products can deliver bi-hormones so as
to avoid excessive fall in blood sugar and more closely mimic the working of
healthy pancreas with little or no input from the patient.
Considering all these factors the market for Artificial
Pancreas is expected to reach $ 360 million by the end of 2023, this market is
projected to growing at a CAGR of ~ 15.2 % during 2017-2023.
Study objectives:
- To provide a detailed analysis of the market structure
along with estimated future growth forecast for the next six years about
various segments and sub-segments of the global Artificial Pancreas
market.
- To provide insights about factors affecting the market
growth.
- To analyze the global Artificial Pancreas market based
on various factors - Price Analysis, Supply Chain Analysis, Porters Five Force
analysis etc.
- To provide past and estimated future revenue of the
market’s segments and sub-segments with respect to four main geographies
and their countries - the Americas, Europe, Asia Pacific along with Middle
East & Africa.
- To provide country level analysis of the market with
respect to the current market size and future growth prospects.
- To provide country level analysis of the market which
includes segmentation by type, treatment type and end users.
- To provide overview of key players and their strategic
profiling in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape of the market.
- To track and analyze developments which are competitive
in nature such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments along with research and
developments that are currently taking place in the global artificial
pancreas markets.
Research methodology
Intended Audience
- Global Artificial Pancreas, manufacturers &
suppliers
- Research and development (R&D) companies
- Market research and consulting service providers
- Academic institutes and universities
Figure 1
Global Artificial Pancreas Market by End Users, 2016 (% Market Share)
Segments:
The global artificial pancreas market is segmented on the
basis of type and end users. Based on type, the market has been segmented as
threshold suspend device system, non-threshold suspend device system,
control-to-range (CTR) system, and control-to-target (CTT) system. Based on the
treatment type, the market has been segmented as insulin only, bi-hormonal, and
hybrid. Based on the end users, the market has been segmented as hospitals and
clinics, research, and others.
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Regional analysis
US accounts for the maximum market share due to favorable
reimbursement scenario and greater expenditure on healthcare. The faster market
uptake of new technology in the US is also an important driver of the market
for global artificial pancreas. Europe is the second largest market due to
large disposable income and rising awareness. Asia Pacific region is expected
to have the most potential which is estimated to be led by China and India. The
Middle East & Africa market is led by the gulf nations particularly Saudi
Arabia and UAE. The poor regions of Africa are expected to be a laggard due to
poor economic and political conditions and poor healthcare penetration.
Key players of Global Artificial Pancreas Market:
Key players profiled in the report are Medtronic, Johnson
& Johnson, Beta Bionics, Bigfoot Biomedical, Admetsys (pipeline product
analysis), Animas Corporation, Defymed, dexcom, Insulet, medtech, Medtronic,
Semma Therapeutics, Tandem Diabetes Care, TypeZero Technologies, and others.
The report for Global Artificial Pancreas Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
The report for Global Artificial Pancreas Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
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