Artificial Pancreas Market Research Report

 Growth opportunities in the artificial pancreas market look promising over the next six years. This is mainly due to the growing awareness among patients about the disease, increasing patients' disposable income, and rising incidences of diabetes patients.

Request for a FREE Sample Report on Artificial Pancreas Market

Artificial Pancreas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The augmenting occurrence of diabetic patients, expanding disposable income and insurance coverage by the government, technological developments and innovations in diabetic care devices, and surging consciousness about the disease among patients are the factors accelerating the growth of the global pancreas market. Moreover, the increasing expenditure on healthcare facilities, the rising acquisition of artificial pancreas at hospitals, and the ongoing technological advancements throughout the world will further stimulate market growth.

Product Type Segment Drivers

Based on Product Type, the Hybrid device is expected to dominate the market over the forecast period primarily attributed to the increasing developments and continuous technological innovations in insulin monitoring and delivery technology. On the other hand, Bi Hormonal is anticipated to witness a faster CAGR during the forecast period owing to the growing adoption of Bi Hormonal artificial pancreas across patients and healthcare professions because of its exceptional benefits like advanced technological properties.

End User Type Segment Drivers

On the basis of End-user, Hospitals are predicted to expand at a higher CAGR during the forecast period. This is owing to the ongoing improvements in the diabetes care industry, the rising incidence rate of diabetes, and the escalating research & development activities. The artificial pancreas offers continuous monitoring and auto-delivery of insulin to lessen high blood glucose levels. Moreover, the enhanced healthcare infrastructure and prevalence of skilled doctors will further strengthen the Artificial Pancreas market's demand.

Regional Drivers

Based on the regional coverage, North America is projected to dominate the market during the forecast period due to the increasing diabetes diagnosis rate, growing private and government funding towards healthcare expenditure, and strong presence of diabetic patients. On the other edge, Asia Pacific is predicted to grow at a faster CAGR during the forecast period. This is because of individuals' altering lifestyle, resulting in raising patients suffering from diabetes, rapid urbanization, genetic drift or modification, and aging factor. Asia Pacific countries comprise approximately more than 60% of the worldwide diabetic population, as per the NCBI. This factor further contributes to the market growth.

Artificial Pancreas Market’s Leading Manufacturers:

  • Medtronic plc
  • Becton Dickinson and Company
  • Biotronik SE & GlaxoSmithKline
  • Bayer Healthcare
  • Roche Holding AG
  • Dexcom Inc
  • Abbott Laboratories

Artificial Pancreas Market Segmentation:

Segmentation by Product Type:

  • Insulin
  • Bi-Hormonal
  • Hybrid

Segmentation by End User Type:

  • Hospitals
  • Clinics
  • Others

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Comments

Post a Comment

Popular posts from this blog

Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet. Request for a FREE Sample Report on Hi-Fi System Market Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market .  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are ...
Read more

Tight Gas Market Research Report

  Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology. Request for a FREE Sample Report on Tight Gas Market Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natura...
Read more

Vitreoretinal Surgery Devices Market Research Report

 Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders. Request for a FREE Sample Report on Vitreoretinal Surgery Devices Market Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing t...
Read more