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The artificial pancreas market size is forecast to increase by USD 476.7 million, at a CAGR of 19.9% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in hypoglycemia prevention and glucose management. These systems integrate various components, including continuous glucose monitors (CGMs), insulin delivery systems, and data analytics dashboards, to provide real-time glucose prediction and automated insulin dosing. Patient compliance metrics and algorithm accuracy are crucial factors, with user interface design and bolus insulin calculator features optimized for ease of use. CGM integration methods, remote monitoring capabilities, and device lifespan metrics are also essential considerations. Wearable technology integration and closed-loop algorithms are at the forefront of innovation, enabling seamless data logging and real-time system maintenance.
Medical device regulation and patient safety protocols ensure the reliability and long-term efficacy of these systems. Ongoing clinical trials explore new sensor calibration methods, insulin sensitivity factors, and hyperglycemia management techniques. The market's dynamism is further reflected in the integration of smartphone connectivity, battery life optimization, and data analytics capabilities, providing users with valuable insights into their glucose levels and treatment plans.
The artificial pancreas industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The threshold suspend device segment is estimated to witness significant growth during the forecast period.
Artificial pancreas systems, which include threshold suspend devices, are revolutionizing diabetes management by providing advanced features for improved glycemic control. These systems utilize a closed-loop algorithm to automatically adjust basal insulin delivery based on real-time blood glucose predictions from continuous glucose monitors. Threshold suspend devices, also known as low glucose suspend systems, offer an additional safety feature by temporarily halting insulin delivery when blood glucose levels drop below a certain threshold, preventing hypoglycemia. Patients using these systems must still monitor their blood glucose levels and adhere to proper sensor calibration methods for accurate readings. companies, such as Medtronic Plc, integrate smartphone connectivity and data analytics dashboards to enable remote monitoring and patient compliance tracking.
Algorithm accuracy metrics and user interface design are crucial considerations to ensure system reliability and ease of use. Insulin sensitivity factor and patient safety protocols are essential factors in the development of these systems. Wearable technology integration and long-term efficacy studies are ongoing areas of research to enhance system capabilities and improve patient outcomes. Medical device regulation, data logging capabilities, and system maintenance protocols are essential aspects of the market. companies focus on battery life optimization and device lifespan metrics to ensure user convenience and minimize interruptions. Remote monitoring features and cgm integration methods enable healthcare providers to closely monitor patient health and intervene when necessary.
Clinical trial results and automated insulin dosing demonstrate the potential of these systems to significantly improve glycemic control for people with diabetes.
The Threshold suspend device segment was valued at USD 126.40 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 37% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is experiencing significant growth due to technological advancements and the high prevalence of type 1 and type 2 diabetes. According to the Centers for Disease Control and Prevention (CDC), approximately 38 million Americans had diabetes in 2023, with type 2 diabetes accounting for 90-95% of cases. The aging population and rising obesity levels will further fuel this trend. The artificial pancreas system integrates various components, including carbohydrate ratio factors, basal insulin rates, blood glucose prediction, data analytics dashboards, sensor calibration methods, smartphone connectivity, insulin delivery systems, battery life optimization, hypoglycemia prevention, patient compliance metrics, algorithm accuracy metrics, user interface design, bolus insulin calculators, cgm integration methods, remote monitoring features, device lifespan metrics, mobile app interfaces, closed-loop algorithms, wearable technology integration, clinical trial results, automated insulin dosing, insulin sensitivity factors, patient safety protocols, glucose sensor technology, continuous glucose monitors, medical device regulation, data logging capabilities, system maintenance protocols, long-term efficacy studies, glycemic control algorithms, system reliability testing, and hyperglycemia management.
These components work together to provide advanced diabetes management solutions, ensuring optimal glycemic control and improved patient outcomes.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses innovative technologies designed to automate insulin delivery in people with diabetes, offering enhanced glycemic control and improved quality of life. These systems, such as closed-loop artificial pancreas systems and hybrid closed-loop systems, focus on integrating continuous glucose monitoring (CGM) and insulin delivery, providing real-time adjustments based on glucose levels. Long-term benefits of artificial pancreas systems include reducing the risk of hypoglycemia and hyperglycemia, minimizing the burden of frequent insulin injections, and improving overall diabetes management. Applications of artificial pancreas technology extend beyond type 1 diabetes, with potential use in type 2 diabetes and gestational diabetes. Moreover, artificial pancreas systems are gaining significant attention in critical care settings, where maintaining stable glucose levels is crucial for patient safety and recovery. Long-term care facilities and military applications are also exploring the use of artificial pancreas systems to manage diabetes in elderly populations and deployed personnel, respectively. Incorporating advanced algorithms and machine learning, artificial pancreas systems aim to optimize insulin delivery, personalize treatment plans, and enhance overall diabetes management. The future of artificial pancreas technology lies in continuous improvement, integration with other health data, and expanding applications to a broader population.
The artificial pancreas market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the artificial pancreas market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, artificial pancreas market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Admetsys Corp. - The company specializes in advanced diabetes management solutions, including closed-loop artificial pancreas systems. These innovative technologies automate insulin delivery, improving glucose control for individuals with diabetes. The closed-loop system continuously monitors glucose levels and adjusts insulin doses accordingly, offering enhanced convenience and effectiveness.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Artificial Pancreas Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 19.9% |
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Market growth 2024-2028 |
USD 476.7 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
16.3 |
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Key countries |
US, Canada, Germany, France, China, UK, Italy, Japan, India, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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