Lucintel's latest market report analyzed that artificial pancreas device system provides attractive opportunities in hospitals and medical centers. The artificial pancreas device system market is expected to reach $XX billion by 2028 with a CAGR of 13% to 15%. In this market, threshold suspend device systems is the largest segment by product, whereas hospitals is largest by end use industry.
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Based on product, the artificial pancreas device system market is segmented into threshold suspend device systems, control- to-range systems (CTR), and control-to- target systems (CTT). The threshold suspend device systems segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the actions taken automatically when the patient is unable to respond to threshold suspend alarm and stops insulin delivery when the value of sensor glucose reaches a low threshold.
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The Artificial Pancreas Device System Market is marked by the presence of several big and small players. Some of the prominent players offering artificial pancreas device system include Medtronic, Bigfoot Biomedical, Johnson & Johnson, Dexcom, Tandem Diabetes Care, Pancreum Inc., TypeZero Technologies, Beta Bionics, and F. Hoffmann-La Roche.
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