Global Artificial Pancreas Market
The GMI Research assumes that the Artificial Pancreas Market will impel over the forecast period due to the rising occurrence of pancreatic cancer and other chronic diseases. The augmenting demand for effective diabetes supervision and negligibly infectious drug delivery systems also provide a boost to the market.
Introduction of the Artificial Pancreas Market
Artificial pancreas refers to a device uniquely developed to deliver insulin depending on the changes in the blood glucose levels. The device supervises glucose level in the body and adjusts mechanically the supply of insulin to decrease excessive blood glucose levels and reduces the chances of low blood glucose.
Artificial Pancreas Market Dynamics
The steering factors of the Global Artificial Pancreas market include the ongoing technological innovations and modernisations in the diabetes care instruments and the surging disbursement on healthcare facilities. Also, the increasing apprehension among patients about the disease will further pave the way for market growth. The increase in per-capita income of patients and insurance coverage by the government are other factors driving the market growth. Further, the surging endorsement of artificial pancreas at hospitals will fuel the growth of the market. Leading market players, such as Medtronic and Boston Scientific Corporation and Abbot Laboratories are increasingly investing in the research and development activities. Thus, this elevated emphasis on product innovation to seize a higher market share.
Product Type Segment Drivers
Hybrid device type is projected to capture the highest market share over the coming years. The continuous inventions and technological progression in insulin supervision and delivery technology is driving the Global Artificial Pancreas Market Opportunities. Further, Bi Hormonal product type is anticipated to witness a faster growth due to their growing acquisition among healthcare professionals and patients. The increasing application is because of the numerous remarkable benefits such as technologically sophisticated properties.
Artificial Pancreas Market Segmentation:
Segmentation by Product Type
· Insulin
· Bi-Hormonal
· Hybrid
Segmentation by End User Type
· Hospitals
· Clinics
· Others
Segmentation by Region:
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· RoW
o UAE
o Brazil
o South Africa
o Saudi Arabia
About GMI Research
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