Future Artificial Pancreas Device System Market Innovations, Growth Elements and Recent Development by 2030

Artificial Pancreas Device Systems Market: Description

Man-made bio-artificial organs, known as artificial organs, are inserted into the body to aid or replace natural organs. Cochlear implants, artificial kidneys, pancreas and heart are examples of artificial organs. They are constructed from biocompatible substances like metals, ceramics, polymers, and biologics. Different technologies, including sensors, biomaterials and state-of-the-art delivery systems, are implanted in the artificial pancreas. In addition, the artificial pancreas allows the patient to live a quality life by performing the same functions as the natural pancreas.

The demand for artificial pancreas devices is driven by its many advantages including adaptability, simplicity and accuracy. Additionally, it offers a number of benefits, such as automatically changing insulin delivery, reducing high blood glucose levels, reducing the likelihood of hypoglycemia, and monitoring insulin levels. glucose in the body. In the coming years, the demand for artificial pancreas device system will be driven by all these advantages

Artificial Pancreas Device System Market: Overview

The global Artificial Pancreas Device System market size was valued at USD 171.04 million in 2020 and is projected to reach USD 990.51 million by the end of 2030, growing at a CAGR of 19.2% over the period forecast from 2021 to 2030.

Artificial Pancreas Device System Market: Key Trends

The threshold suspended device system market is expected to grow over the forecast period.

A suspended threshold device helps reverse the dangerous drop in blood sugar (hypoglycemia) by temporarily suspending insulin delivery when blood sugar drops to a very low blood sugar threshold. They are often referred to as “low glucose suspension systems”. Blood sugar control in diabetic patients is essential to ensure a better health outcome. Thus, the devices suspended from the threshold system play an essential role in the control of hypoglycemia.

Key players are involved in the innovation and launch of the artificial pancreas device system with new threshold suspension features.

For example, in June 2020, Tandem Diabetes Care, Inc. received U.S. Food and Drug Administration (FDA) approval for an expanded pediatric indication of the t:slim X2 insulin pump that uses the Control-IQ technology, which is available for children aged six and over. Control-IQ technology is designed to be integrated with a compatible system-integrated continuous glucose meter to automatically increase, decrease, and stop basal insulin delivery based on iCGM readings and glucose prediction values.

Therefore, considering the benefits of these devices and upcoming developments expected to be released, the Threshold Suspended Device System market is expected to grow significantly over the forecast period.

North America dominates the market and is expected to maintain its dominance over the forecast period

According to the Centers for Disease Control and Prevention (CDC) National Diabetes Statistics report for 2020, approximately 34.2 million people of all ages had diabetes in the United States in 2018. The proportion of adults with diabetes increased with age to reach 26.8% among people aged 65 and over.

It was also estimated that nearly 88 million American adults had prediabetes in 2018. According to the Bureau of Population Reference bulletin “Ageing in the United States”, the number of Americans aged 65 and older is expected to almost double. from just 52 million in 2018 to 95 million by 2060.

With the rising rate of diabetes and increasing geriatric population and technological advancements, North America is expected to be a significant driver for the artificial pancreas devices market over the forecast period.

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Artificial Pancreas Device System Market: Segmentation Analysis

Main Key Players

  • Johnson & Johnson
  • Bionic Beta
  • Biomedical Bigfoot
  • Admetsys (pipeline product analysis)
  • Animas Corporation
  • challenged
  • dexcom
  • island
  • MedTech
  • Therapeutic Semma
  • Tandem diabetes care
  • TypeZero Technologies
  • Pancreum, Inc.
  • Cellnovo
  • Hoffeman-La Roche Ltd.
  • Inreda Diabetic BV
  • Roche Holding SA
  • Medtrum Technologies Inc.
  • DreaMed Diabetes Ltd

Artificial Pancreas Device System Market Based on Device Type

  • Sill hanger systems
  • Control-to-Range (CTR) Systems
  • Target Control Systems (CTT)

Artificial Pancreas Device System Market Based on Treatment Type

  • Bi-hormonal
  • Insulin only
  • Hybrid

End User Based Artificial Pancreas Device System Market

  • Hospital
  • Medical centers
  • Others

Frequently asked questions about this report

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  3. Which segment accounted for the largest Artificial Pancreas Device Systems market share?
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  5. What are the factors driving the Artificial Pancreas Device Systems Market?

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