According to the latest report by GMI Research, Artificial Pancreas Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The artificial pancreas market examines the impact of the COVID-19 pandemic and illustrates that the market will have a sharp fallout in 2020, and will accelerate in 2021, growing at a higher growth rate from 2022 onwards. Artificial pancreas refers to a device that is specially designed to release insulin as per the changing blood glucose levels. This device monitors glucose levels in the body, automatically adjusts the delivery of insulin to decrease high blood glucose levels, and eliminates the possibilities of low blood glucose.
Competitive Landscape: The artificial pancreas market report also scans the competitive landscape and profiles the major players operating in the market, including Becton Dickinson and Company, Bayer Healthcare, Abbott Laboratories, Roche Holding AG, Dexcom Inc, Biotronik SE & GlaxoSmithKline, and Medtronic plc.
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The artificial pancreas market size is anticipated to expand over the forecast period owing to the rising incidences of diabetes patients, increasing awareness among the patients about the disease, continuous technological advancement in diabetes care devices, the drastic increase in patients' disposable income and government insurance coverage. Simultaneously, the accelerating adoption of the artificial pancreas at hospitals, followed by the continuous technological advancement and rising spending on healthcare facilities at the global level, are further energizing the demand of the market over the forecast period.
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Breakup by Product Type:
Breakup by End-User:
Breakup by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)