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The global artificial pancreas device systems market was valued at USD 653.81 million in 2023, driven by increasing prevalence of diabetes across the globe. The market is expected to grow at a CAGR of 20% during the forecast period of 2024-2032, with the values likely to reach USD 3,314.1 million by 2032.
In April 2023, Medtronic received the US FDA approval for its MiniMed™ 780G artificial pancreas system for use in individuals 7 years and over. Rising product approvals are expected to the boost the market value in the forecast period.
The market is witnessing the emergence of several technically advanced products. In May 2023, Beta Bionics, Inc., announced FDA 510(k) clearance and the commercial launch of the iLet bionic pancreas. The iLet bionic pancreas is the first and only automated insulin-delivery system. Moreover, the device can be paired with the Dexcom G6 Continuous Glucose Monitoring System.
Based on region, North America is expected to hold a significant market share in the forecast period.
Artificial Pancreas Device Systems Market Size
Artificial Pancreas Device Systems Market Growth
Artificial Pancreas Device Systems Market Trends
Artificial Pancreas Device Systems Market Share
Artificial Pancreas Device Systems Market Regional Analysis
Artificial Pancreas Device Systems Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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