Rising Diabetes Incidence Rate in North America & Europe Driving Sales of Artificial Pancreas Systems

Wednesday, March 8, 2017 Diabetes News
Email Print This Page Comment bookmark
Font : A-A+

VALLEY COTTAGE, New York, March 8, 2017 /PRNewswire/ --

Growing number of diabetics in the US, Canada

and European countries has been compelling hospitals to keep artificial pancreas systems in stock. Government-funded organisations in North America and Europe are collaborating with local
as well as global medical device manufacturers to meet the rising demand for artificial pancreas systems. A latest report published by Future Market Insights reveals that the value of artificial pancreas systems market in North America and Europe reached US$ 86.5 Mn by the end of 2016. The report also predicts that people suffering from diabetes in these regions will keep opting for artificial pancreas systems in order to control their blood sugar levels externally. 

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Lifestyle of residents in Europe and North America is triggering the incidence of diabetes (type 1 as well as type 2) in these regions. Substantial rise in diabetic patients compels doctors, pathologists and endocrinologists to treat patients' malfunctioning pancreas superficially. The rate at which a physiological pancreas get replaced with a substitute (artificial pancreas system) will keep gaining momentum in this region. By the end of 2026, more than US$ 280 Mn worth of artificial pancreas systems will be sold in North America and Europe, registering a revenue growth at 12.6% CAGR. 

Request a Sample Report with Table of Contents: http://www.futuremarketinsights.com/reports/sample/rep-na-3058

Almost every artificial pancreas system sold in these regions will treat patients suffering from type 1 diabetes. In US, the occurrence of diabetes mellitus type 1 is expected to surge beyond control. The US artificial pancreas systems market is presently valued at just over US$ 40 Mn, and will account for over two-third of North America's artificial pancreas system revenues through 2026. Canada's artificial pancreas system revenues, on the other hand, will surge rampantly at 13.8% CAGR. 

Hospitals will remain the largest distribution channel for artificial pancreas systems across North America and Europe. Although, the report does highlight a noticeable presence of e-commerce websites in global distribution of medical devices as critical as artificial pancreas systems. Among these regions, North America will remain dominant over Europe's artificial pancreas system market. Likewise, the demand for artificial pancreas systems will be fairly high in Western Europe, compared to Eastern Europe. Germany, France, the UK and Poland are leading European countries that are more likely to showcase revenue growth at over 11.5% CAGR. 

Preview Analysis on North America and Europe Artificial Pancreas Systems Market Segmentation By Distribution Channel - Hospitals and E-Commerce; By Disease Indication - Diabetes Type 1 and Diabetes Type 2: http://www.futuremarketinsights.com/reports/north-america-and-europe-artificial-pancreas-systems-market

One of the largest company in North America & Europe's artificial pancreas systems market has been identified as Illinois-based medical device manufacturer - Medtronic plc. With it, the UK-based Cellnovo is also being recognised as a prominent manufacturer of artificial pancreas systems. Other key players in the artificial pancreas systems market across North America and Europe include, Johnson & Johnson Services, Inc., Dexcom Inc., Insulet Corporation, and Tandem Diabetes Care Inc.

More from FMI's Cutting-edge Intelligence: 

  • North America Vision Care Market Segmentation By Product Type - Rx-Lenses, Frames, Contact Lenses, Non Rx Sunglasses, Reading Glasses, Contact Lens Solutions; By Distribution Channel - Retail Stores, E-Commerce, Clinics, Hospitals: http://www.futuremarketinsights.com/reports/north-america-vision-care-market
  • Prosthetic Heart Valve Market Segmentation By Product Type - Mechanical Heart Valves, Biological/Tissue Heart Valves, Transcatheter Heart Valves; By End User - Hospitals, Ambulatory Surgery Centres: http://www.futuremarketinsights.com/reports/prosthetic-heart-valve-market
  • Liquid Biopsy Market Segmentation By Marker Type - Circulating Tumour Cells (ctcs), Ctna Circulating Tumour Nucleic Acids (ctna), and Exosomes; By Sample Type - Blood, Urine, and Others (Plasma, Saliva, Cerebrospinal Fluid); By Disease Indication - Lung Cancer, Gastrointestinal Cancer, Prostate Cancer, Breast Cancer, Colorectal, Leukemia and Others; By End User - Hospitals, Cancer Institutes, Academic Institutes and Diagnostic Centres: http://www.futuremarketinsights.com/reports/liquid-biopsy-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Healthcare, Pharmaceuticals and Medical devices Market Insights

Contact Us 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): + 44 (0) 20 7692 8790 Sales: sales@futuremarketinsights.com Press Office: Press@futuremrketinsights.com

Website: http://www.futuremarketinsights.com

SOURCE Future Market Insights



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor
Advertisement

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook