Artificial Pancreas Market Research Report Forecast till 2023

1. Artificial Pancreas Market Research Report Forecast till 2023 Artificial Pancreas Market Research Report Forecast till 2023 P a g e | 1 Copyright © 2017 Market Research Future.

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3. Artificial Pancreas Market Research Report Forecast till 2023 1.Market Synopsis The global artificial pancreas market is anticipated to garner USD 360 million with a CAGR of 15.2% during the forecast period (2017-2023) owing to the sedentary lifestyle, asserts Market Research Future (MRFR). The artificial pancreas is referred to as devices which mimic the glucose regulatory function of a healthy pancreas. Such devices utilize computer-controlled algorithm so that it can calculate the specific amount of insulin which needs to be delivered using an insulin infusion pump. With the help of advanced products, bi-hormones can be delivered so that excessive fall in blood sugar can be avoided. Drivers and Constraints Impacting the Market With changing food habits, sedentary lifestyle, obesity, genetic modification, and other factors, the prevalence of diabetes is propelling across the global population. The rising incidences of chronic diseases such as diabetes are triggering the demand for the artificial pancreas, which has further stimulated the market growth during the assessment period. Factors such as rapidly growing geriatric population coupled with the intensive R&D activities in the healthcare sector for introducing advanced medical devices are anticipated to foster the market growth to a great extent. With the increasing adoption of advanced technologies in order to treat several health conditions is further anticipated to foster the market growth during the assessment period. Moreover, regulatory bodies like the FDA are constantly approving innovative products which are likely to augment the companies’ reach in several markets. For instance, in December 2016, OneTouch Vibe plus Insulin Pump by Animas had received the FDA approval and Health Canada License for the sale of the product. Several organizations are also taking initiatives in order to develop advanced artificial pancreas device system, which is further propelling the market growth. For instance, the Juvenile Diabetes Research Foundation had launched its Artificial Pancreas Project in 2006 in order to help patients of type 1 diabetes. They developed a commercially-viable artificial pancreas system, which can mimic the biological function of the pancreas. On the flip side, lack of trained technicians, the risk of device failure, and low penetration of advanced technology among the underdeveloped nations are presumed to deter the market growth throughout the assessment period. Browse Full Report @https://www.marketresearchfuture.com/reports/artificial-pancreas-market-3854 P a g e | 3 Copyright © 2017 Market Research Future.

4. Artificial Pancreas Market Research Report Forecast till 2023 2. Regional Analysis Geographically, the artificial pancreas market has been studied under regions namely, Europe, North America, Asia Pacific, and the Middle East and Africa. Among all the regions, the North American region is considered to account for the maximum share and is likely to retain its position throughout the assessment period. The growth is attributed to the augmenting healthcare expenditure, increasing incidences of diabetes and obesity, coupled with favorable reimbursement scenario in this region. Europe is predicted to occupy the second largest position in the global artificial pancreas market. The growth is credited to the high disposable income coupled with the high adoption of technologically advanced treatments in this region. The Asia Pacific is estimated to experience a higher growth potential due to the augmenting geriatric population, growing awareness associated with the availability of treatments, and the rising incidences of diabetes. Meanwhile, the lack of primary healthcare coupled with the low penetration of advanced technology is likely to impede the growth in the Middle East and African region. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Get Sample Report: @ https://www.marketresearchfuture.com/sample_request/3854 P a g e | 4 Copyright © 2017 Market Research Future.

5. Artificial Pancreas Market Research Report Forecast till 2023 3. Key Players: The noteworthy players operating the global artificial pancreas market are Medtronic, Johnson & Johnson, Insulet, Dexcom, Bigfoot Biomedical, Tandem Diabetes Care, Defymed, TypeZero Technologies, Medtronic, MedTech, Beta Bionics, Semma Therapeutics, Admetsys (pipeline product analysis), Animas Corporation, and others. Contact Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com P a g e | 5 Copyright © 2017 Market Research Future.

6. Artificial Pancreas Market Research Report Forecast till 2023 P a g e | 6 Copyright © 2017 Market Research Future.