The latest market report published by Credence Research, Inc. “Global Artificial Pancreas Device Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2022,” the artificial pancreas device systems market was valued at USD 59.8 Mn in 2015, and is expected to reach USD 335.5 Mn by 2022, expanding at a CAGR of 21.7% from 2016 to 2022.
Browse the full report Artificial Pancreas Device Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 report at http://www.credenceresearch.com/report/artificial-pancreas-device-systems-market
An artificial pancreas system comprises a continuous glucose monitor (CGM) and a continuous subcutaneous insulin infusion pump, both of which are available in the market today, and a controller linking the monitor and pump. It runs a highly sophisticated algorithm to determine the appropriate amount of insulin to deliver and the timing for that delivery, based on evaluation of real-time glucose readings. The market segmentation of artificial pancreas device systems market by type of devices comprises threshold suspend device system, control-to-range (CTR) system, and control-to-target (CTT) system. The geographical segmentation of global artificial pancreas device systemsmarket comprises North America, Europe, Asia Pacific, Latin America and Middle East and Africa further segmented into key countries with highest potential in artificial pancreas device systems market.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/medical-devices-market
Threshold suspended device system is expected to account for the largest market due to early bird benefits and swift market expansion and penetration characteristics possessed as Medtronic, Inc. is a multinational company with operations in more than 140 countries. However, in 2018 products in CTT systems are expected to boost the overall market growth of the artificial pancreas device and systems market because around five companies are expected to enter the market. North America is expected to be the largest and most potential regional market for artificial pancreas device systems due to high disposable income, rising prevalence of type 1 diabetes, high adoption rate of novel technologies and supportive reimbursement policies.
Market Competition Assessment
In 2015, Medtronic, Inc. was observed as the only player present in market with its first generation artificial pancreas device systems MiniMed 530G. However, the key players who are expected to enter the market during the forecast period are Johnson & Johnson, Tendem, Insulet, JDRF, Bigfoot Biomedical and Beta Bionics. Insulet Corp. is compiling a strategy its pump OmniPod becomes an important part of its artificial pancreas offering in the near future. Tandem Diabetes Care outlines its plans in the APDS market initiating with R&D phase of its artificial pancreas system. Bigfoot Biomedical’s goal is to create a pump-sensor union therapy that would be much simpler than the current counterparts would. Beta Bionics has developed the iLet Bionic Pancreas system that delivers both insulin and glucagon and is targeted to type 1 diabetes patients; and was developed by Dr. Ed Damiano at the Boston University. Thus, by 2019 products of these key players are anticipated to commercially exist in the market which would increase the market competition, new pricing strategies, assist merger and acquisitions, and geographical expansion strategies.
Key Market Movements
- North America is expected to lead the global artificial pancreas device systems market due to high disposable income, rising prevalence of type 1 diabetes, high adoption rate of novel technologies and supportive reimbursement policies
- Projected market entry of around seven products by 2018 in global pancreas device systems market
- Artificial pancreas device systems market is expected to achieve maturity by 2022 which would intensify the market competition, revamp of pricing strategies, and emphasis on geographical expansion and penetration
About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
For More Information, Visit: Credence Research
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: 1-800-361-8290 FREE
Address: 105 N 1st ST #429, SAN JOSE,