Market Revenue Artificial Pancreas Device System Market Product

Artificial Pancreas Device System Market Product Category, Sales,
Share Outlook by 2013-2024
“Artificial Pancreas Device System Market size is expected to value USD 390.4
million by 2024, during the forecast period. The artificial pancreas device
system industry is subject to witness a substantial growth due to growing
occurrence of heart-related diseases such as diabetes.”
The global Artificial Pancreas Device System Market size is expected to value USD 390.4 million by 2024, during
the forecast period. The artificial pancreas device system industry is subject to witness a substantial growth due
to growing occurrence of heart-related diseases such as diabetes, extensive research and development efforts
by market players, and growing need for advanced electronic systems in healthcare sector such as glycemic
control. Artificial pancreas device system allows easy monitoring of the blood-glucose level in case of facilitates
diabetes management. Globally, the artificial pancreas device system market is predicted to grow at a CAGR of
20.2% in forecast period, providing numerous opportunities for market players to invest in research and
development.
The growing occurrence of diabetes in both - developing and developed economies is attributed to changing
food patterns, inherited diseases, obesity, physical inactivity and high calorie diet, all leading to the growth of
the artificial pancreas device system industry in recent years. Moreover, the patient’s over-dependency on
insulin, mainly in type 2 diabetes is key factor for growing demand for artificial pancreas device system.
Other factors such as rise in the awareness among the patient sab out treatment of diabetes and numerous
opportunities for collaboration between FDA and privately-owned institutions are propelling growth of the
artificial pancreas device system industry in the forecast period. Though, unavailability of highly skilled
healthcare professionals in underdeveloped countries in African and South American regions is likely to hamper
the growth of the market.
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