The global artificial pancreas device system market size is expected to value USD 390.4 million by 2024, during the forecast period.
The artificial pancreas device system industry is subject to witness a substantial growth due to growing occurrence of heart-related diseases such as diabetes, extensive research and development efforts by market players, and growing need for advanced electronic systems in healthcare sector such as glycemic control.
Artificial pancreas device system allows easy monitoring of the blood-glucose level in case of facilitates diabetes management.
Globally, the artificial pancreas device system market is predicted to grow at a CAGR of 20.2% in forecast period, providing numerous opportunities for market players to invest in research and development.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/artificial-pancreas-device-system-apds-market/request-sample The growing occurrence of diabetes in both - developing and developed economies is attributed to changing food patterns, inherited diseases, obesity, physical inactivity and high calorie diet, all leading to the growth of the artificial pancreas device system industry in recent years.
Though, unavailability of highly skilled healthcare professionals in underdeveloped countries in African and South American regions is likely to hamper the growth of the market.