Artificial Pancreas Device Systems Market Expected to Reach Usd 335.5 Mn by 2022: Credence Research

The latest market report published by Credence Research, Inc. “Global Artificial Pancreas Device Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2022,” the artificial pancreas device systems market was valued at USD 59.8 Mn in 2015, and is expected to reach USD 335.5 Mn by 2022, expanding at a CAGR of 21.7% from 2016 to 2022.

Browse the full report Artificial Pancreas Device Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 report at http://www.credenceresearch.com/report/artificial-pancreas-device-systems-market

Market Insights

An artificial pancreas system comprises a continuous glucose monitor (CGM) and a continuous subcutaneous insulin infusion pump, both of which are available in the market today, and a controller linking the monitor and pump. It runs a highly sophisticated algorithm to determine the appropriate amount of insulin to deliver and the timing for that delivery, based on evaluation of real-time glucose readings. The market segmentation of artificial pancreas device systems market by type of devices comprises threshold suspend device system, control-to-range (CTR) system, and control-to-target (CTT) system. The geographical segmentation of global artificial pancreas device systemsmarket comprises North America, Europe, Asia Pacific, Latin America and Middle East and Africa further segmented into key countries with highest potential in artificial pancreas device systems market.

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Threshold suspended device system is expected to account for the largest market due to early bird benefits and swift market expansion and penetration characteristics possessed as Medtronic, Inc. is a multinational company with operations in more than 140 countries. However, in 2018 products in CTT systems are expected to boost the overall market growth of the artificial...