Global Artificial Pancreas Market 2024-2028
Artificial Pancreas Market 2024-2028
The artificial pancreas market is forecasted to grow by USD 476.7 mn during 2023-2028, accelerating at a CAGR of 19.9% during the forecast period. The report on the artificial pancreas market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising global burden of diabetes, rising demand for minimally invasive diabetes management solutions, and rising geriatric population.
Technavio's artificial pancreas market is segmented as below:
By Type
- Threshold suspend device
- Non-threshold suspend device
- Control to range system
- Control to target system
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increase in awareness programs for diabetes as one of the prime reasons driving the artificial pancreas market growth during the next few years. Also, growing technological integration and rising strategic partnerships to boost sales of artificial pancreas will lead to sizable demand in the market.
The report on the artificial pancreas market covers the following areas:
- Artificial Pancreas Market sizing
- Artificial Pancreas Market forecast
- Artificial Pancreas Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial pancreas market vendors that include Admetsys Corp., Beta Bionics Inc., Beta o2 Technologies Ltd., Bigfoot Biomedical Inc., Defymed SAS, Dexcom Inc., Inreda Diabetic B.V., Insulet Corp., LenoMed Medical, Medtronic Plc, Nikkiso Co. Ltd., Progress Srl, and Tandem Diabetes Care Inc.. Also, the artificial pancreas market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.