Artificial Pancreas Device Systems Market Analysis:
The market by device type is categorized into threshold suspend device systems, control-to-range (CTR) systems, control-to-target (CTT) systems. The threshold suspends device systems segment garnered USD 175 million revenue size in the year 2022. The dominance of the segment can be attributed to their advanced safety features.
- These systems automatically suspend insulin delivery while blood glucose levels reach a predetermined threshold, effectively preventing a life-threatening condition.
- The safety aspect strongly resonates with both healthcare providers and patients, thereby increasing the adoption of APDS.
Thus, the reduced hypoglycemic events and enhanced patient safety has been a key driver for market development.
To understand key market trends
Download Free Sample
Based on end-use, the artificial pancreas device systems market is segmented into hospitals and clinics, homecare, and others. The hospitals and clinics segment garnered USD 102 million revenue size in the year 2022.
- Growth of hospital and clinics segment can be attributed to their clinical expertise, ability to provide continuous patient monitoring, access to advanced medical technology, active involvement in research and clinical trials, facilitation of insurance coverage, and their crucial role in patient education and awareness.
- The presence of skilled healthcare professionals in these settings ensures proper training and support for APDS users, enhancing patient safety and comfort.
- Additionally, hospitals and clinics serve as hubs for critical research that validate the effectiveness of APDS, thereby promoting greater clinical endorsement and market demand.
- Their established relationships with insurance providers further encourage patients to adopt APDS, making it a preferred choice for diabetes management.
Therefore, segments contributions create a conducive environment for APDS adoption and contribute significantly to the market size.
To understand regional trends  Download Free Sample
U.S. artificial pancreas device systems market accounted for USD 122 million revenue size in 2022 and is predicted to witness substantial market growth.
- Surge in the diabetes population base in the U.S. is one of the primary factors driving the market expansion in the country.
- The presence of a stringent but well-defined regulatory framework by the U.S. FDA ensures safety and efficacy of artificial pancreas device systems, instilling confidence in healthcare providers and patients alike
- Additionally, greater patient awareness, access to healthcare, health insurance coverage, and a growing demand for advanced diabetes management solutions have all played a pivotal role in propelling the market's trends and establishing the U.S. as a dominant force in this vital healthcare sector.