Global Artificial Pancreas Device System (Apds) Market Size, Industry Growth and Outlook to 2024: Hexa Reports

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Artificial Pancreas Device System (APDS) Market Analysis,

Share and Size, Industry Trends, Growth, Overview And

Segment Forecasts To 2024

The global artificial pancreas device system (APDS) market is expected to reach USD 390 million by 2024,

according to a new report by Grand View Research, Inc. Rising occurrence of diabetes, increasing

incidence of adverse effects due to improper insulin administration, and the growing interest of industry

participants in the development of innovative treatments are some vital impact rendering drivers.

As of 2014, the Centers for Disease Control stated that about 1.5 million individuals in the U.S. alone are

suffering from type 1 diabetes. Furthermore, the development of sedentary lifestyles among teenagers

is propelling the probability of disease development globally.

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Hence, the economic burden weighing over the healthcare system due to the rising incidence of

diabetes has led to an increase in the research activities and funding by government bodies across the

globe. Furthermore, the introduction of information technology and its numerous applications within

the healthcare industry is expected to act as boon for the APDS market.

For instance, the GlucoSitter Software used for tracking the glucose level and insulin administration in

case of hypoglycemic conditions received the CE mark in 2015 at the annual conference of the Advanced

Technologies & Treatments for Diabetes. The software was the first of its kind to receive regulatory

approval and will be commercially available through the company DreaMed Diabetes Ltd.

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Further key findings from the study suggest:

On the basis of the device type, the market has been segmented into threshold suspended...