Artificial Pancreas Device System (APDS) Market - Growth, Trends, and Forecasts (2020-2025)

The Artificial Pancreas Device System (APDS) market is segmented by Device type (Threshold Suspended Device System, Control to Range (CTR) System, Control to Target(CTT) System), End User and Geography

Market Snapshot

Artificial Pancreas Device Market
Study Period: 2017-2025
Base Year: 2019
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 18.2 %

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Market Overview

The Artificial Pancreas Device System market studied is expected to grow with an anticipated CAGR of 18.2%, during the forecast period.

The major drivers propelling the growth of artificial pancreas device system market are the increasing prevalence of diabetes and geriatric population globally. The increasing technological advancements along with increased investments in the research and development activities by major players are expected to drive the market. Additionally, the rise in demand for the automated systems that control glucose levels owing to its flexibility, accuracy and ease of use, drive the growth of the studied market. According to the International Diabetes Federation, Diabetes Atlas Ninth Edition 2019, approximately 463 million adults of 20-79 years were living with diabetes in 2019 and by 2045 it is estimated to rise to 700 million globally. Additionally, more than 1.1 million children and adolescents are living with type 1 diabetes in 2019 worldwide and 374 million people are at increased risk of developing type 2 diabetes. Thus, considering the mentioned facts and key drivers, the artificial pancreas device system market is anticipated to propel over the forecast period.

Scope of the Report

As per the scope of the report, an artificial pancreas device system is a medical device that links a glucose monitor to an insulin infusion pump where the pump automatically takes action (using a control algorithm) based on the glucose monitor reading. The ideal system would monitor glucose levels in the body and automatically adjust the delivery of insulin to reduce hyperglycemia and minimize hypoglycemia with little or no input from the patient As control algorithms can vary significantly, there are a variety of artificial pancreas device systems currently under development and few are available for commercial use. These systems comprise a wide range of designs from low glucose suspend (LGS) device systems to the more complex bihormonal control-to-target systems.

By Device Type
Threshold Suspended Device System
Control To Range (CTR) System
Control to Target (CTT) System
By End User
Hospitals and Clinics
Others
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of the World

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Key Market Trends

The market for threshold suspended device system is expected to increase over the forecast period

The threshold suspended device system helps in reversing a dangerous drop in blood glucose level (hypoglycemia) or reduce its severity by temporarily suspending insulin delivery when the glucose level falls to or approaches a low glucose threshold. These are sometimes referred to as "low glucose suspend systems.". The regulation of glucose in patients with diabetes is of utmost importance for an improved health outcome. Hence, threshold suspended device system play a vital role in managing hypoglycemia. The key players are involved in innovation and launch of novel threshold suspend feature based artificial pancreas device systems. For instance, in June 2020, Tandem Diatetes Care, Inc., received U.S. Food and Drug Administration (FDA) clearance of an expanded pediatric indication for the t:slim X2 insulin pump with Control-IQ technology to children age six and older. Control-IQ technology is intended for use with a compatible integrated continuous glucose monitor to automatically increase, decrease, and suspend delivery of basal insulin based on iCGM readings and predicted glucose values. Hence, in view of the advantages offered by these devices and upcoming lauches, the market for threshold suspended device systems is expected to grow significantly over the forecast period.

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North America has a dominant share in Artificial Pancreas Device System market and is anticipated to grow tremendously over the forecast period also

According to the Centers for Disease Control and Prevention (CDC)’s National Diabetes Statistics report, 2020, an estimate of 34.2 million people of all ages had diabetes in United States in 2018 and the percentage of adults with diabetes increased with age reaching 26.8% among those aged 65 years and above. Also, it has been estimated that nearly 88 million American adults have prediabetes in 2018. According to Institute for Health Metrics and Evaluation, the prevalence rate of Diabetes mellitus in 2019 was estimated as 11,847 per 100,000 and 11,366 per 100,000 in 2018 in United States. As per the Population Reference Bureau’s Population Bulletin “Ageing in United States”, the number of Americans aged 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060. Thus, with the increasing prevalence of diabetes and rise in geriatric population, along with the technological advancements, North America is expected to propel significantly in the artificial pancreas device system market over the forecast period

Artificial Pancreas Device System Market geography_ Graph.png

Competitive Landscape

The Artificial Pancreas Device System market is highly competitive and consists of significant major players, that dominate the market. Many small and medium sized enterprises (SMEs) are also setting foot into artificial pancreas device system market, thereby leading to an impactable growth over the forecast period. The major players in Artificial Pancreas Device System market are Medtronic plc, Johnson & Johnson, Tandem Diabetes Care, Inc., Pancreum, Inc., Beta Bionics, Inc., DexCom, Inc., Insulet Corporation and many more. The major players are evolving various strategies such as investment in Research and Development, collaborations and acquisitions. One such example is the acquisition of Type Zero Technologies, Inc, a company that designed a system to manage and regulate insulin delivery from insulin pumps by DexCom, Inc. in Aug 2018, thereby positioning itself in the market of artificial pancreas technology.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Diabetes

      2. 4.2.2 Technological Advancements and Increasing R&D activities by Key Players

      3. 4.2.3 Increasing Demand for Automated Systems for Glycemic Control

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Device Systems and Safety Concern

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device Type

      1. 5.1.1 Threshold Suspended Device System

      2. 5.1.2 Control To Range (CTR) System

      3. 5.1.3 Control to Target (CTT) System

    2. 5.2 By End User

      1. 5.2.1 Hospitals and Clinics

      2. 5.2.2 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

      3. 5.3.3 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 Johnson & Johnson

      3. 6.1.3 Tandem Diabetes Care,Inc.

      4. 6.1.4 Pancreum, Inc

      5. 6.1.5 Bigfoot Biomedical, Inc

      6. 6.1.6 DexCom, Inc.

      7. 6.1.7 Beta Bionics, Inc.

      8. 6.1.8 Admetsys Corp.

      9. 6.1.9 Insulet Corporation

      10. 6.1.10 Defymed

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Artificial Pancreas Device System Market market is studied from 2017 - 2025.

The Artificial Pancreas Device System Market is growing at a CAGR of 18.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2019.

Medtronic plc , Tandem Diabetes Care, Inc, Beta Bionics, Inc. , Dexcom, Inc. , Insulet Corporation are the major companies operating in Artificial Pancreas Device System Market.

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