Artificial Pancreas Device System (APDS) Market is expected to witness a CAGR of 14.1% And surpass US$ 405.3 Mn by 2028

Market Overview

The Artificial Pancreas Device System (APDS) is an investigational device that mimics the function of a human pancreas. The FDA has provided recommendations for the design of clinical trials for the APDS. These recommendations cover the design, analysis, and data analysis of an APDS. The APDS requires sophisticated statistical data analyses to demonstrate safety and effectiveness. However, the research is still in its early stages.

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Market Dynamics

Rising prevalence of diabetes is expected to drive growth of the global artificial pancreas device system (APDS) market during the forecast period. According to the World Health Organization (WHO), the number of people with diabetes has increased from 108 million in 1980 to 422 million in 2014. According to the same source, in 2016, around 1.6 million deaths were directly caused due to diabetes. The artificial pancreas is a diabetes management system that tracks blood glucose levels with the help of a continuous glucose monitor (CGM) and automatically administers insulin when required using an insulin pump. Thus, such factors are expected to drive growth of the global artificial pancreas device system (APDS) market during the forecast period.

However, high costs associated with device and safety concerns is expected to restrain growth of the global artificial pancreas device system (APDS) market during the forecast period.

Impact of COVID-19

The artificial pancreas device system (APDS) market witnessed a significant decline during the COVID-19 pandemic. Following the outbreak in China, several countries closed down their borders and suspended international travel. Stringent regulations such as nationwide lockdown were implemented, in order to curb the spread of the virus. The growth of the market stagnated during the COVID-19 pandemic, typically due to massive disruption in the global supply chain industry. However, the launch of novel vaccines and declining cases are expected to aid in regaining the lost traction.

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Key Takeaways

• The global artificial pancreas device system (APDS) market is expected to expand, exhibiting a CAGR of XY% over the forecast period. This is owing to the launch of novel products by key companies. For instance, in September 2020, Medtronic plc received the U.S. Food and Drug Administration (FDA) approval for a next-generation hybrid closed-loop insulin delivery system MiniMed 770G system for children aged 2 to 6 years with type 1 diabetes.

• Among regions, Europe is expected to witness significant growth in the global artificial pancreas device system (APDS) market during the forecast period. This is owing to the presence of robust healthcare infrastructure and high patient awareness.

• Asia Pacific is expected to register robust growth, owing to rapid urbanization and changing lifestyle of people.

• Key companies involved in the global artificial pancreas device system (APDS) market are Medtronic plc, Johnson & Johnson, Tandem Diabetes Care, Inc., Pancreum, Inc., Bigfoot Biomedical, Inc., DexCom, Inc., Beta Bionics, Inc., and Insulet Corporation.

Reasons to Purchase this Report

• Current and future of global Artificial Pancreas Device System (APDS) Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Technology
     • Market Snippet, By Distribution Channel
     • Market Snippet, By Region
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Restraints
   • Market Opportunities
   • Impact Analysis
   • Technology Assessment
   • Reimbursement
   • Regulatory Scenario
   • Product Launch/Approval
   • Merger and Acquisitions/Collaborations
   • Product Pipeline Analysis
   • Pricing Analysis
   • PEST Analysis
4. Global Artificial Pancreas Device System (APDS) Market, By Technology, 2016 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Threshold Suspended Device Systems
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Treat to Range/Control to Range (TTR/CTR)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Treat to Target/ Control to Target (TTR/CTT)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
5. Global Artificial Pancreas Device System (APDS) Market, By Distribution Channel, 2016 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Hospitals & Clinics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Retail Channel
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Online Channel
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
6. Global Artificial Pancreas Device System (APDS) Market, By Region, 2016 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, By Region, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, For Regions, 2017–2027
   • North America
     • Market Size and Forecast, By Technology, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Distribution Channel, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast, By Technology, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Distribution Channel, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
       • U.K.
       • Germany
       • Italy
       • France
       • Spain
       • Russia
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast, By Technology, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Distribution Channel, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
       • China
       • India
       • Japan
       • ASEAN
       • Australia
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast, By Technology, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Distribution Channel, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
       • Brazil
       • Mexico
       • Argentina
       • Rest of Latin America
   • Africa
     • Market Size and Forecast, By Technology, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Distribution Channel, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Country/Region, 2016 – 2027 (US$ Mn)
       • Central Africa
       • South Africa
       • North Africa
   • Middle East
     • Market Size and Forecast, By Technology, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Distribution Channel, 2016 – 2027 (US$ Mn)
     • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
       • GCC
       • Israel
       • Rest of Middle East