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Artificial Pancreas Device Systems Market Report and Forecast 2024-2032

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    Report

  • 200 Pages
  • July 2024
  • Region: Global
  • Expert Market Research
  • ID: 5989287
The artificial pancreas device system market size was valued at USD 653.8 million in 2023. It is expected to grow at a CAGR of 20.00% during the forecast period of 2024-2032, driven by technological advancements and rising preference for minimally invasive procedures. The market is experiencing robust growth and is expected to reach USD 3.31 billion by 2032.

Artificial Pancreas Device Systems Market Analysis

The artificial pancreas device systems (APDS) market has been witnessing significant growth due to the increasing prevalence of diabetes, advancements in medical technology, and the rising demand for automated and integrated diabetes management solutions. These systems are designed to mimic the glucose-regulating function of a healthy pancreas by automatically monitoring and adjusting insulin levels in people with diabetes.

Market Drivers

1.Rising Prevalence of Diabetes: The global increase in the number of people with diabetes, particularly Type 1 diabetes, is a major driver for the demand for artificial pancreas device systems.

2.Technological Advancements: Continuous innovations in sensor technology, insulin delivery systems, and algorithms for real-time glucose monitoring and insulin dosing are propelling the market forward.

3.Increasing Demand for Minimally Invasive Solutions: Patients are increasingly seeking convenient and less invasive diabetes management solutions, driving the adoption of APDS.

4.Supportive Government Initiatives: Governments and health organizations worldwide are promoting the use of advanced diabetes management systems, providing a favorable environment for the growth of the APDS market.

Market Challenges

1.High Cost: The high cost of artificial pancreas device systems and the associated medical expenses can be a barrier to adoption, especially in developing countries.

2. Regulatory Hurdles: Stringent regulatory requirements for the approval of medical devices can delay market entry and increase development costs.

3.Complexity of Integration: Integrating continuous glucose monitoring (CGM) systems with insulin pumps and control algorithms poses technical challenges.

4.Limited Awareness: There is still a lack of awareness and understanding of APDS among patients and healthcare providers in some regions.

Future Opportunities

1.Integration with Digital Health Platforms: The integration of APDS with digital health platforms and mobile applications offers opportunities for remote monitoring and personalized diabetes management.

2.Expansion into Emerging Markets: Emerging economies with growing healthcare infrastructure and increasing diabetes prevalence present significant opportunities for market expansion.

3.Advancements in Closed-Loop Systems: Ongoing research and development in closed-loop APDS, which require minimal user intervention, are expected to offer improved outcomes and convenience for users.

4.Collaborations and Partnerships: Strategic partnerships between device manufacturers, technology companies, and research institutions can accelerate innovation and market penetration.

Artificial Pancreas Device System Market Trends

Some market trends in the artificial pancreas device systems market are:

1. Increasing Adoption of Closed-Loop Systems

The trend towards closed-loop systems, also known as "artificial pancreas" systems, is gaining momentum. These systems offer a more automated approach to insulin delivery, reducing the need for manual interventions and improving glycemic control. As technology advances, the adoption of these systems is expected to rise, providing more convenience and better outcomes for users.

2. Integration with Digital Health Platforms

There is a growing trend of integrating artificial pancreas device systems with digital health platforms and mobile applications. This integration allows for real-time monitoring, data analysis, and personalized diabetes management, enhancing the overall effectiveness of the systems. It also facilitates remote patient monitoring, which is particularly beneficial in the context of the COVID-19 pandemic.

3. Advancements in Sensor Technology

The market is witnessing significant advancements in continuous glucose monitoring (CGM) sensor technology. These improvements include increased accuracy, longer sensor life, and reduced calibration requirements. Enhanced sensors are crucial for the performance of artificial pancreas systems, as they provide the data needed for automated insulin delivery.

4. Focus on User-Friendly Designs

Manufacturers are increasingly focusing on developing artificial pancreas systems with user-friendly designs. This includes making the devices more compact, discreet, and easy to use. The aim is to improve user adherence and satisfaction, as well as to make the technology more accessible to a wider range of users.

5. Expansion of Reimbursement Policies

Reimbursement policies for artificial pancreas device systems are expanding in several countries, making these technologies more accessible to patients. Governments and insurance companies are recognizing the long-term benefits of these systems in managing diabetes, which is encouraging wider adoption.

6. Collaborations and Partnerships

Collaborations and partnerships between device manufacturers, technology companies, and research institutions are becoming more common. These alliances are driving innovation, accelerating product development, and expanding market reach. They are also facilitating the integration of artificial pancreas systems with other health technologies.

7. Personalised Diabetes Management

There is a growing trend towards personalized diabetes management, with artificial pancreas systems being tailored to individual user needs and preferences. This includes customizable insulin delivery settings, personalized alerts, and adaptable algorithms. Personalisation is key to improving user experience and optimizing glycemic control.

Artificial Pancreas Device Systems Market Segmentation

Market Breakup by Device Type

  • Threshold Suspend Device Systems
  • Control-to-Range (CTR) Systems
  • Control-to-Target (CTT) Systems
The global artificial pancreas device systems market, spanning from 2017 to 2032, encompasses three key segments: Threshold Suspend Device Systems, Control-to-Range (CTR) Systems, and Control-to-Target (CTT) Systems. Threshold Suspend Devices, acting as a safety net by temporarily halting insulin delivery at low glucose levels, address hypoglycemia concerns. CTR Systems, offering a balanced approach, adjust insulin within a predefined range, reducing manual interventions. CTT Systems, representing the forefront of automation, aim for precise blood glucose targets, enhancing user convenience and glycemic control. Market growth is propelled by technological advancements, the rising prevalence of diabetes, and the demand for automated, user-friendly solutions. Each segment's evolution and integration with digital health platforms are set to drive market expansion in the forecast period.

Market Breakup by End User

  • Hospitals
  • Clinics
  • Others
The global artificial pancreas device systems market (2017-2032) is segmented by end-users into hospitals, clinics, and others. Hospitals, being primary care centers for diabetic patients, are the largest segment due to their advanced infrastructure and availability of specialized care. Clinics are expected to show significant growth due to the increasing preference for outpatient care and personalized treatment. The "others" segment, including home care settings, is poised for growth with the rising adoption of remote monitoring and wearable technologies. Market drivers include the growing diabetic population, technological advancements, and increasing healthcare expenditure. These segments are collectively driving the market growth, with hospitals leading the way due to their extensive reach and clinics and other settings gaining traction due to convenience and advancements in care delivery.

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
The global artificial pancreas device systems market is expected to see significant growth from 2017 to 2032, driven by the rising prevalence of diabetes and advancements in technology. North America leads the market due to strong healthcare infrastructure and high adoption of advanced medical devices. Europe follows, with increasing demand for automated diabetes management solutions. The Asia Pacific region is poised for rapid growth due to rising healthcare spending and a growing diabetic population. Latin America and the Middle East and Africa are emerging markets, with increasing awareness and improving healthcare systems contributing to growth. Overall, the market is set for robust expansion across all regions, driven by the need for effective diabetes management solutions.

Artificial Pancreas Device System Market Competitive Landscape

The competitive landscape of the market is defined by the activities of leading companies. These key players are engaged in a variety of strategic initiatives including mergers and acquisitions, research and development efforts, product launches, and collaborations to strengthen their market positions and expand their product portfolios. Major companies in the market are as follows:
  • Medtronic
  • EOFLOW Co., LTD
  • Beta Bionics
  • Tandem Diabetes Care, Inc.
  • Insulet Corporation
  • Dexcom
  • Medtrum Technologies Inc.
  • Nikkiso Co., Ltd.
  • Pancreum, Inc.
  • Admetsys Corporation
  • Abbott
  • INREDA DIABETIC B.V.
  • Diabeloop SA

Key Questions Answered in the Report

  • What is an artificial pancreas device system (APDS)?
  • What are the key segments of the artificial pancreas device systems market?
  • Who are the major players in the artificial pancreas device systems market?
  • What trends are shaping the artificial pancreas device systems market?
  • What are the main challenges facing the artificial pancreas device systems market?
  • How do personalised artificial pancreas systems improve diabetes management and user experience?
  • How do threshold suspend devices and CTR Systems enhance safety and management in diabetes care?
  • How is the competitive landscape of the artificial pancreas device systems market?
  • Why are clinics expected to show significant growth in the physiotherapy equipment market?
  • What are the future growth prospects for the artificial pancreas device systems market?

Key Benefits for Stakeholders

  • The industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the artificial pancreas device system market from 2017-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global artificial pancreas device system market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the global artificial pancreas device system industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.


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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Artificial Pancreas Device Systems Market Overview
3.1 Global Artificial Pancreas Device Systems Market Historical Value (2017-2023)
3.2 Global Artificial Pancreas Device Systems Market Forecast Value (2024-2032)
4 Global Artificial Pancreas Device Systems Market Landscape*
4.1 Global Artificial Pancreas Device Systems Market: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Artificial Pancreas Device Systems Market: Product Landscape
4.2.1 Analysis by Device Type
5 Global Artificial Pancreas Device Systems Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.2.1 Strengths
5.2.2 Weaknesses
5.2.3 Opportunities
5.2.4 Threats
5.3 Porter’s Five Forces Model
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Degree of Rivalry
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Artificial Pancreas Device Systems Market Segmentation (2017-2032)
6.1 Global Artificial Pancreas Device Systems Market (2017-2032) by Device Type
6.1.1 Market Overview
6.1.2 Threshold Suspend Device Systems
6.1.3 Control-to-Range (CTR) Systems
6.1.4 Control-to-Target (CTT) Systems
6.2 Global Artificial Pancreas Device Systems Market (2017-2032) by End User
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Global Artificial Pancreas Device Systems Market (2017-2032) by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Artificial Pancreas Device Systems Market (2017-2032)
7.1 North America Artificial Pancreas Device Systems Market (2017-2032) by Device Type
7.1.1 Market Overview
7.1.2 Threshold Suspend Device Systems
7.1.3 Control-to-Range (CTR) Systems
7.1.4 Control-to-Target (CTT) Systems
7.2 North America Artificial Pancreas Device Systems Market (2017-2032) by End User
7.2.1 Hospitals
7.2.2 Clinics
7.2.3 Others
7.3 North America Artificial Pancreas Device Systems Market (2017-2032) by Country
7.3.1 United States of America
7.3.2 Canada
8 Europe Artificial Pancreas Device Systems Market (2017-2032)
8.1 Europe Artificial Pancreas Device Systems Market (2017-2032) by Device Type
8.1.1 Market Overview
8.1.2 Threshold Suspend Device Systems
8.1.3 Control-to-Range (CTR) Systems
8.1.4 Control-to-Target (CTT) Systems
8.2 Europe Artificial Pancreas Device Systems Market (2017-2032) by End User
8.2.1 Hospitals
8.2.2 Clinics
8.2.3 Others
8.3 Europe Artificial Pancreas Device Systems Market (2017-2032) by Country
8.3.1 United Kingdom
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Others
9 Asia Pacific Artificial Pancreas Device Systems Market (2017-2032)
9.1 Asia Pacific Artificial Pancreas Device Systems Market (2017-2032) by Device Type
9.1.1 Market Overview
9.1.2 Threshold Suspend Device Systems
9.1.3 Control-to-Range (CTR) Systems
9.1.4 Control-to-Target (CTT) Systems
9.2 Asia Pacific Artificial Pancreas Device Systems Market (2017-2032) by End User
9.2.1 Hospitals
9.2.2 Clinics
9.2.3 Others
9.3 Asia Pacific Artificial Pancreas Device Systems Market (2017-2032) by Country
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 ASEAN
9.3.5 Australia
9.3.6 Others
10 Latin America Artificial Pancreas Device Systems Market (2017-2032)
10.1 Latin America Artificial Pancreas Device Systems Market (2017-2032) by Device Type
10.1.1 Market Overview
10.1.2 Threshold Suspend Device Systems
10.1.3 Control-to-Range (CTR) Systems
10.1.4 Control-to-Target (CTT) Systems
10.2 Latin America Artificial Pancreas Device Systems Market (2017-2032) by End User
10.2.1 Hospitals
10.2.2 Clinics
10.2.3 Others
10.3 Latin America Artificial Pancreas Device Systems Market (2017-2032) by Country
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Mexico
10.3.4 Others
11 Middle East and Africa Artificial Pancreas Device Systems Market (2017-2032)
11.1 Middle East and Africa Artificial Pancreas Device Systems Market (2017-2032) by Device Type
11.1.1 Market Overview
11.1.2 Threshold Suspend Device Systems
11.1.3 Control-to-Range (CTR) Systems
11.1.4 Control-to-Target (CTT) Systems
11.2 Middle East and Africa Artificial Pancreas Device Systems Market (2017-2032) by End User
11.2.1 Hospitals
11.2.2 Clinics
11.2.3 Others
11.3 Middle East and Africa Artificial Pancreas Device Systems Market (2017-2032) by Country
11.3.1 Saudi Arabia
11.3.2 United Arab Emirates
11.3.3 Nigeria
11.3.4 South Africa
11.3.5 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Component of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by Year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Product
14.5 Analysis by Funding Institute
14.6 Analysis by Departments
14.7 Analysis by Recipient Organization
15 Funding and Investment Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Component of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Partnership and Collaborations Analysis
16.1 Analysis by Partnership Instances
16.2 Analysis by Component of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Supplier Landscape
17.1 Market Share by Top 5 Companies
17.2 Medtronic
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 EOFLOW CO., LTD
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Beta Bionics
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Tandem Diabetes Care, Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Insulet Corporation
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Dexcom
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Medtrum Technologies Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Nikkiso Co., Ltd.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Pancreum, Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Abbott
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Admetsys Corporation
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 INREDA® DIABETIC B.V.
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Diabeloop SA
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
18 Global Artificial Pancreas Device Systems Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The research team strives to make this section as comprehensive as possible.

Companies Mentioned

  • Medtronic
  • EOFLOW CO., LTD
  • Beta Bionics
  • Tandem Diabetes Care, Inc.
  • Insulet Corporation
  • Dexcom
  • Medtrum Technologies Inc.
  • Nikkiso Co., Ltd.
  • Pancreum, Inc.
  • Abbott
  • Admetsys Corporation
  • INREDA® DIABETIC B.V.
  • Diabeloop SA

Methodology

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Table Information