Canned Tuna Market Size, Share, Growth, Analysis and Market Forecast 2018 To 2026: Credence Research

Credence Research has recently issued a new market assessment report titled “Canned Tuna Market – Growth, Future Prospects and Competitive Analysis 2018 to 2026”. The global Canned Tuna Market study provides a comprehensive view of the ongoing and future phases of the Edible Insects industry based on parameters such as major commercial events, research initiatives, government guidelines, market drivers, restraints and opportunities and detailed industry segmentation and regional distribution.

Browse the full report Canned Tuna Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at http://www.credenceresearch.com/report/canned-tuna-market

Based on geographic/regional distribution the global Canned Tuna Market is studied for key regional markets focusing on the respective geographic trends and statistics, and thereby delivering market size and forecast values. The Canned Tuna Market based on geographic classification is studied for North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa markets. Among these, the North America, Europe and Asia-Pacific Canned Tuna Market is studied for top country-level markets. The Edible Insects industry in each individual country market is studied based on parameters such as per capita income, population, gross domestic product (GDP), status of infrastructure, purchasing power parity, etc. Technology development, industry concentration, end-user preference, and similar such grounds are also considered while estimating the market for Edible Insects. The market estimates are provided for the period 2014-2026, along with corresponding compounded annual growth rates (CAGRs) for the forecast period 2018-2026.

This report on Canned Tuna Market also offers competition assessment tools such as market positioning of key players, attractive investment proposition, and Porter’s Five Forces model to give the readers a view of the competitive scenario of the Canned Tuna Market. The Canned Tuna Market report is concluded with company profiles chapter. This section highlights major information about the key players engaged in development, manufacture, distribution and sale of Edible Insects in the international markets.

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Major extracts from the Table of Content of Canned Tuna Market, 2018-2026 report:

Canned Tuna Market Dynamics – Drivers, Challenges, Opportunities

Canned Tuna Market Size and Forecast for the Period 2014-2026

Canned Tuna Market CAGR for the Period 2018-2026

Canned Tuna Market Competitive Analysis, by Key Players

Canned Tuna Market: Attractive Investment Proposition, by Geography

Canned Tuna Market: Key Commercial Events

Canned Tuna Market: Future Prospects (upcoming product approvals)

Click Here To Browse Report on Canned Tuna Market: http://www.credenceresearch.com/report/canned-tuna-market

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Direct-to-Consumer Genetic Testing Market is expanding at a CAGR of 19.4% from 2018 to 2026

According to the latest report published by Credence Research, Inc. “Direct-to-Consumer (DTC) Genetic Testing Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global direct-to-consumer genetic testing market was valued at US$ 117.1 Mn in 2017 and expected to reach US$ 611.2 Mn by 2026, expanding at a CAGR of 19.4% from 2018 to 2026.

Browse the full report Direct-to-Consumer (DTC) Genetic Testing Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at http://www.credenceresearch.com/report/direct-to-consumer-genetic-testing-market

Market Insights

The global Direct-to-Consumer (DTC) genetic testing market is projected to surge with a double digit CAGR of 19.4% during the forecast period from 2018 to 2026. Rising awareness about genome testing and risk of genetic diseases and increased inquisitiveness about the assessment of lineage and ancestry are the major driving factors for the global market. Over the past 10 years, the global DTC genetic testing market has experienced extensive variations in term of market value due to the regulatory constraints. With rampant commercialization of DTC genetic testing products in the U.S., the market was going to be establish until FDA ordered the manufacturers to withdraw the products owing to potential health consequences of test generated results. However, with the revived approval of these products, supported by validating data from the market players in 2015, the DTC genetic testing market is estimated to experience lucrative growth during the forecast period.

Based on the sales channel, the global direct-to-consumer genetic testing market is segmented into on-line sales, OTC sales, and doctor’s office. DTC genetic testing market sales are predominantly driven by on-line sales, wherein the products are made available for sale via the internet. Such products are available through manufacturers’ online portals thus ensuring a vast outreach across boundaries. According to the analysis, on-line sales segment dominated the market in 2017 and expected to retain its dominance during the forecast period.

Based on the business model, the global direct-to-consumer genetic testing market is segmented into genome data bank material, individual health planning, comprehensive genome tests, medical precision tests and restricted trait tests. The currently available DTC services include testing for ancestry data with information related to family lineage, identification of health risks and risk of acquiring hereditary diseases, information pertaining to genomic pattern and knowledge of personal traits. In terms of market value, genome data bank material model dominated the global DTC genetic testing market in 2017 and expected to witness perpetual lead throughout the forecast period.

Based on the geographical demarcation, North America led the global DTC genetic testing market in 2017 with a market share of over 45%. Increasing awareness about the risk of genetic diseases and growing proactive tendency among the public about prevention and efficient management of chronic diseases mainly drive the North America market. Additionally, inquisitiveness about knowledge of lineage also prominently determine the significant sales in this region. Furthermore, Asia Pacific is estimated to be the fastest growing regional market during the forecast period, growing at a CAGR of above 20%. The growth of this region is mainly attributed to rapid evolution of healthcare infrastructure and increasing awareness about the availability of such tests kits. Key market players in the global DTC genetic testing market include deCODE genetics, Inc., Color Genomics, Inc., Gene By Gene, Ltd., Ancestry.com, Inc., Myriad Genetics, Inc., Genleven Oy, 23andMe, Inc., and CENTOGENE AG.

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Sodium Silicate Market Is Expected To Reach US$ 7.54 Bn By 2025

The latest market report published by Credence Research, Inc. “Sodium Silicate  Market, By Application Type and Geography - Growth, Future Prospects and Competitive Analysis, 2017 - 2025,” the global sodium silicate market was valued at US$ 6.00 Bn in 2016, and is expected to each US$ 7.54 Bn by 2025, expanding at a CAGR of 2.8% from 2017 to 2025. It terms of volume the market is projected to reach over 30.00 million tons by 2025, expanding at a CAGR of 1.6% from 2017 to 2025

Browse the full Sodium Silicate Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/sodium-silicate-market

Market Insights

Rising demand for sodium silicate from various end use industries is the major factor driving the market growth. The product has high demand as cracking catalyst in petrochemical industry. Furthermore, increasing investment in the oil & refinery processing is projected to increase the demand for cracking catalysts, which in turn is projected to increase the demand for sodium silicate. It also finds wide application in rubber and tire manufacturing. Thus, the quick growth of automotive industry is projected to drive the demand for sodium silicate over the forecast period of 2017 to 2025. Rising demand for cleaning agents and detergents from emerging economies is projected to enhance demand for sodium silicate over the forecast period.

However, due to presence of various substitutes and fluctuating prices of raw materials is projected to be the key challenges for market growth. Rising number of water treatment projects along with the rising need for construction & building materials is providing new avenues for growth of the sodium silicate market in the near future.  In addition, the market will also benefit from the growing demand for waste paper recycling due to various environmental concerns.

Competitive Insights

The market is highly competitive owing to the presence of numerous manufacturers with high production volumes. Strong market presence of existing players and demand supply gap owing to high production volumes are the major challenges for new entrants. To enhance their market foothold companies are investing more in R&D to improve the quality of product and to reduce product cost. Merger and acquisition, innovation in the manufacturing process and usage of bio-based raw materials are some of the other strategies adopted by the market players.     

                                

Key Trends

-  Rising demand from various end use industries such as petrochemical, automotive, paper & pulp, water treatment, and detergents among others

-  Manufacturers are investing in numerous business strategies to ensure steady supply of material at desired prices

- Emerging economies offer huge market potential

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3D Motion Capture Systems Market To Reach US$ 319.6 Mn By 2025

According to a new market research report published by Credence Research “3D Motion Capture Systems Market (By Component – Hardware, Software and Services; By Technology – Optical, Inertial, Mechanical and Magnetic; By Application – Biomechanics and Sports, Medical and Clinical Science, Media and Entertainment, Industrial and Others) - Growth, Future Prospects, Competitive Analysis and Forecast 2017 - 2025”, the global 3D motion capture systems market was valued at US$ 113.4 Mn in 2016 and is expected to grow at a CAGR of 12.1% during the forecast period from 2017 to 2025.

The complete report is available at http://www.credenceresearch.com/report/3d-motion-capture-systems-market

Market Insights

Factors such as increasing demand from the media and entertainment industry are primarily driving the overall growth in the 3D motion capture systems market. In the recent years, there has been a rise in demand for high quality motion pictures with higher levels of animation and visual effects leading to the growing adoption of 3D motion capture systems. In addition, innovative applications such as biomechanics and sports have further fueled the demand for latest motion capturing solutions. Various researchers and training teams across the world have been engaged in deep study of body movements in critical activities associated with sports. Such capturing and assessment of body movements enables sports personnel to achieve enhanced performance and fitness. Furthermore, 3D motion capture systems have proved immensely helpful in the field of medical science. Physicians across the world have been making use of this technology to assess physical improvements on patients recovering from various types of physical ailments.

Competitive Insights:

The global 3D motion capture systems market is fairly niche with leading providers of 3D motion capture systems with limited scope of applications. Major developers of the motion capture technology have been working towards building effective use cases to drive the adoption of such solutions. Some of the key manufactures of Xsens Technologies B.V., Qualisys AB, OptiTrack (NaturalPoint, Inc.), Vicon Motion Systems Ltd., Noraxon U.S.A., Inc., Shadow (Motion Workshop), Simi Reality Motion Systems GmbH, STT Systems, Notch Interfaces, Inc., Centroid 3D, Perception Neuron (Noitom Ltd.) and Motion Analysis Corporation.

Key Trends:

• Market expected to be primarily driven by the demand from media and entertainment segment
• Manufacturers have been investing heavily towards developing innovative applications for 3D motion capture technology
• Increasing adoption in the medical and clinical sciences field

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Global Influenza Diagnostics Market Is Expected To Reach US$ 978.6 Mn By 2025

According to the latest market report published by Credence Research, Inc. “Influenza diagnostics Market - Growth, Future Prospects and Competitive Analysis, 2017 - 2025” the global Influenza diagnostics market was valued at US$ 541.6 Mn in 2016, and is expected to reach US$ 978.6 Mn by 2025, expanding at a CAGR of  6.5% from 2017 to 2025.

Browse the full report Influenza Diagnostics Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 at http://www.credenceresearch.com/report/influenza-diagnostics-market

Market Insights

According to World Health Organization (WHO) annually influenza epidemics cause 5-15% of the population with upper respiratory tract infections which needs prompt and accurate diagnosis to effectively manage of influenza epidemics. Growing prevalence of influenza worldwide, government initiatives in awareness and diagnostic programs are driving the growth of influenza diagnostics market globally. For the purpose of study, the influenza diagnostics market is segmented on the basis of test type such as rapid influenza diagnostic tests (RIDT), RT-PCR, cell culture and others. In the base year 2016, rapid influenza diagnostic tests (RIDT) was the major revenue generating segment and is expected to show growth during forecast period; as it considered the gold standard in influenza diagnostics, faster onset of result and ease of use are influencing the growth of rapid influenza diagnostic tests (RIDT) market globally. Currently, North America held largest market share due to higher rate of in-vitro diagnostics availability and technologically advanced medical devices which are primarily driving the market growth in North America. Asia Pacific is expected to show highest growth rate during forecast period due to the rising healthcare awareness, higher number of targeted population and increasing demand for advanced diagnostic technologies, fuelling the market growth during forecast period.

Market Competition Assessment:

The influenza diagnostics market is observed to be highly competitive and comprises large number of players. However, the market is currently dominated by few players such as Alere, Becton, Dickinson and Company, Meridian Bioscience, Inc., Princeton BioMedtech corp., Quidel Corporation, Roche Diagnostics, SA Scientific, Inc., Sekisui Diagnostics, Thermo Fisher Scientific and other.

Key Market Movements:

-  Factors such as rising prevalence of influenza, upsurge funding by the government for diagnosis and treatment, growing demand for faster diagnosis and control of influenza are expected to drive the growth of influenza market during forecast period. 

-  Vendors in the market are focusing on innovation and technological advances in developing ideal and cost effective diagnostic devices, this would further assist the growth of influenza diagnostics market globally.

- However, some factors such as lower healthcare awareness in some countries may negatively impacting the growth of influenza diagnostics market globally.

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Thyroid Gland Disorders Treatment Market To Reach Worth USD 2.5 Bn By 2022

According to the latest report published by Credence Research, Inc. “Thyroid Gland Disorders Treatment Market (Treatment Type: Hypothyroidism and Hyperthyroidism):  Growth, Future Prospects and Competitive Analysis, 2016-2022,” the thyroid gland disorders treatment  market was valued at USD 1.9 Bn in 2015, and is expected to reach USD 2.5  Mn by 2023, expanding at a CAGR of 3.3% from 2016 to 2023.

Browse the full report Thyroid Gland Disorders Treatment: Market Growth, Future Prospects and Competitive Analysis, 2016-2023 at http://www.credenceresearch.com/report/thyroid-gland-disorders-treatment-market

Market Insights

Growth in healthcare investments, prevalence of thyroid disorders and growing high-risk geriatric population are the major factors driving the global market growth for thyroid gland disorders treatment. North America is the largest regional market at a market share of over 41% in 2015, and the dominance of this region is anticipated to continue through 2022. Rising number of patients suffering from thyroid diseases in U.S. is the key driver to the market growth. According to American Thyroid Association (ASA), more than 12% of the U.S. population will develop a thyroid condition during their lifetime and an estimated 20 million Americans have some form of thyroid disease. Moreover, rising awareness regarding the thyroid diseases would further drive the market growth.

The thyroid gland disorders treatment market is majorly segmented into hypothyroidism and hyperthyroidism treatment.  The hypothyroidism treatment includes drugs such as levothroxine and liothyronine, while hyperthyroidism treatments include drugs such as imidazole and propacil. The thyroid gland disorders treatment market is propelling due to the factors such as rise in the patient base suffering from thyroid disorders, rising geriatric population and consistent introduction of innovative and novel therapeutics by market players leading to the growth of the market. Moreover, growing demand for hypothyroidism drugs such as Synthroid and Euthyrox in the developing as well as developed region would further drive the market growth.

The major players operating in this market include AbbVie, Inc., Mylan N.V., Abbott Laboratories, Merck KGaA, Pfizer, Inc., Sanofi, GlaxoSmithKline plc, Novartis AG and others

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Anatomic Pathology market Is Expected To Reach US$ 27,265.07 Mn By 2025

The latest market report published by Credence Research, Inc. “Anatomic Pathology Market - Growth, Future Prospects,and Competitive Analysis,2017- 2025,” the global anatomic pathologymarket was valued at US$ 16,575.62 in 2016, and is expected to reach US$ 27,265.07Mn by 2025 expanding at a CAGR of 5.5%from 2017to 2025.

Browse the full report Anatomic PathologyMarket - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025 at http://www.credenceresearch.com/report/anatomic-pathology-market

Market Insights

In the last few decades, sophisticated diagnosis such as cytopathology and histopathology were labor intensive and resulted in inaccurate diagnosis; however, they have undergone technological advancement to provide accurate, complete diagnosis and results within shorter lead time. In the base year 2016, services dominated the global anatomic pathology market chiefly due to factors such as increasing patient pool suffering with critical illness and need for detailed diagnosis to determine treatment regimen in cases of drug resistance. Instruments will be the fastest growing segment throughout the forecast period 2017-2025 due to technological advancement in the device design and operating software, inbuilt features such as high resolution, real time image capture, large sample analysis helping in effective diagnosis making it less labor intensive and requirement of  single skilled person to interpret the diagnosis.

In terms of applications, disease diagnosis held the largest market share in base year 2016 chiefly due to factors such as rising prevalence of lifestyle diseases such as cardiovascular diseases, diabetes, COPD, arthritis; andchronic disease risk associated with sedentary lifestyle, smoking, stress and ill eating habits such as preference for junk food. Drug discovery and development will be the fastest growing market throughout the forecast period 2017-2025, the factors that will propel its growth is rising prevalence of drug resistance, drug adverse events and need for vaccines for diseases such as influenza, cholera, ebola and swine flu, which are epidemic and immediately life threatening.

In 2016, North America held the largest revenue share chiefly due to factors such as rising prevalence of chronic diseases, existence of advanced healthcare infrastructure and affordable reimbursement policies. Asia Pacific will register faster growth throughout the forecast period 2017-2025, chiefly due to factors such as rising public awareness regarding critical illness leading to early diagnosis and treatment, aging population, and growing presence of key players involved in the manufacture of anatomic pathology devices and growing disposable income.

The anatomic pathology market is technologically driven and includes major players such as Abbott Laboratories, Inc., Agilent Technologies, Inc., Boston Scientific Corporation, Danaher Corporation, Thermo Fisher Scientific, Inc.etc.

Key Market Movements:

-  Escalating prevalence of chronic diseases

-  Technological advancement in pharmacogenomics and rising demand for personalized medication

-  Increasing government and non-government spending to prevent and manage chronic diseases and promote health

-  Affordable reimbursement scenario

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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared for this task.

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Polycystic Ovarian Syndrome (PCOS) Therapeutics Market Is Expected To Reach US$ 1,162.1 Mn By 2025

According to the latest market report published by Credence Research, Inc. “Polycystic Ovarian Syndrome (PCOS) Therapeutics Market - Growth, Future Prospects and Competitive Analysis, 2017 - 2025” the global polycystic ovarian syndrome (PCOS) therapeutics market was valued at US$ 784.74 Mn in 2016, and is expected to reach US$ 1,162.1 Mn by 2025, expanding at a CAGR of 4.47% from 2017 to 2025.  

Browse the full report Polycystic Ovarian Syndrome (PCOS) Therapeutics Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 at http://www.credenceresearch.com/report/polycystic-ovarian-syndrome-pcos-therapeutics-market

Market Insights

Polycystic ovarian syndrome (PCOS) therapeutics market is expected to show significant market growth during the forecast period due to growing prevalence of PCOS, rising treatment awareness and significant unmet needs. For the purpose of study, global PCOS therapeutics market is segmented on the basis of drug type such as oral contraceptive, ovulation inducing agents, facial hair growth inhibitor, insulin sensitizing agent and others. In the base year 2016, oral contraceptive was major revenue contributing segment due to its effectiveness to regulate PCOS symptoms such as reduction of extra hair growth, lower risks for endometrial cancer, ovarian cancer, and ovarian cysts, cleansing the acne and to regulate the menstrual periods. PCOS therapeutics market is currently dominated by North America, factors such as higher cost of therapeutics, higher number of targeted population, government reimbursement policies in healthcare infrastructure and early diagnosis are fueling the growth of PCOS therapeutics market in North America. However, Asia-Pacific is  anticipated to show highest market growth during forecast period due to rising number of target population, improving healthcare infrastructure and increasing treatment awareness.

Market Competition Assessment:

The polycystic ovarian syndrome (PCOS) therapeutics market is observed to be highly competitive and comprises large number of players. However, the market is currently dominated by few players such as Teva Pharmaceutical Industries Limited, Bristol Myers Squibb, Crinetics Pharmaceuticals, Inc., EffRx Inc., Ferring Pharmaceuticals, Merck KGaA, Neurocrine Biosciences, Inc., Novartis Pharmaceuticals, Pfizer Inc., Sanofi Aventis and other.

Key Market Movements:

• Factors such as rising prevalence PCOS and increasing popularity of combination drugs are driving the market growth of PCOS therapeutics market worldwide.
• Due to the high unmet needs, vendors in the market are focusing in development of ideal treatment, rising access for the treatment medication in some developing countries would fuel the growth of PCOS therapeutics market during forecast period.
• Currently, there is large PCOS therapeutic market potential for new entrants due to lack of approved and efficient drug in market also absence of a strong pipeline molecules.
• Lack of regulatory approved therapeutics and adverse effects associated with off-label products are negatively impacting the growth of PCOS therapeutics market globally.

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Molecular Weight Markers Market is Expected to Reach US$ 1,267.3 Mn by 2025

The latest market report published by Credence Research, Inc. “Molecular Weight Markers Market - Growth, Future Prospects, Competitive Analysis, 2017 - 2025,” the molecular weight marker market was valued at US$ 392.1 Mn in 2016, and is expected to reach US$ 1,267.3 Mn by 2025 expanding at a CAGR of 12.63 % from 2017 to 2025.

Browse the full report Molecular Weight Markers Market - Growth, Future Prospects, Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/molecular-weight-markers-market

Market Insights:

The stability of the molecular weight markers is of great concern, as they often get exposed to bacterial contamination and nucleases at room temperature. In order to overcome contamination, markers were stored at -20°C and used in aliquots. However the recent technological advancement has made it possible for molecular weight markers to be available in innovative single dose packaging allowing the user to dissolve the marker when needed, eliminating contamination due to multiple withdrawals, room temperature storage, and avoiding the need to expose protein markers to detrimental freeze thaw cycles.

Currently DNA markers dominates the product segments due to key market drivers such as increasing funding by the government agencies and biopharmaceutical giants to boost the research and development activities related to genomics, where DNA markers are employed for genome mapping. Protein markers will be the fastest growing market majorly due to rising prevalence of rare diseases and increasing demand for personalized medication.

Prestained markers dominates the type segment due to factors such as its inherent qualities which allows to monitor the progress of electrophoretic run, exceptional resolution and no thaw cycle required etc. Unstained markers are anticipated to be the fastest growing market due to the factors such as its ability to accurately determine the molecular weight of the biological samples and also allows the immunodetection of vectors in the western blot techniques.

In base year 2016, the nucleic acid applications dominated the applications segment chiefly due to factors such as applications of blotting techniques in gene discovery, DNA fingerprinting and diagnostics and forensic science. The proteomics applications will be the fastest growing market throughout the forecast period due to factors such as rising prevalence of chronic diseases and increasing public health awareness resulting into early disease diagnosis and treatment.

North America held the largest revenue share mainly due to factors such as presence of large laboratories involved in biotechnology research and the presence of evolved research and healthcare institutions. Asia Pacific will be the fastest growing market due to drivers such as competitive market due to presence of existing and budding biopharmaceutical engaged in the molecular weight markers manufacturing and supportive regulatory environment for molecular weight marker products.

Key Market Movements:

• Increasing number of research laboratories due to rising demand to treat rare disease with genetic inheritance
• Rising application of genomics and proteomics in drug discovery and development
• Supportive regulatory environment for molecular weight marker products
• Establishment of research centers in the developing economies by the biopharmaceutical giants will result into deep market penetration for molecular weight markers

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Artificial Pancreas Device Systems Market Expected To Reach USD 335.5 Mn By 2022

The latest market report published by Credence Research, Inc. “Global Artificial Pancreas Device Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2022,” the artificial pancreas device systems market was valued at USD 59.8 Mn in 2015, and is expected to reach USD 335.5 Mn by 2022, expanding at a CAGR of 21.7% from 2016 to 2022.

Browse the full report Artificial Pancreas Device Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/artificial-pancreas-device-systems-market

Market Insights

An artificial pancreas system comprises a continuous glucose monitor (CGM) and a continuous subcutaneous insulin infusion pump, both of which are available in the market today, and a controller linking the monitor and pump. It runs a highly sophisticated algorithm to determine the appropriate amount of insulin to deliver and the timing for that delivery, based on evaluation of real-time glucose readings. The market segmentation of artificial pancreas device systems market by type of devices comprises threshold suspend device system, control-to-range (CTR) system, and control-to-target (CTT) system. The geographical segmentation of global artificial pancreas device systemsmarket comprises North America, Europe, Asia Pacific, Latin America and Middle East and Africa further segmented into key countries with highest potential in artificial pancreas device systems market.

Threshold suspended device system is expected to account for the largest market due to early bird benefits and swift market expansion and penetration characteristics possessed as Medtronic, Inc. is a multinational company with operations in more than 140 countries. However, in 2018 products in CTT systems are expected to boost the overall market growth of the artificial pancreas device and systems market because around five companies are expected to enter the market. North America is expected to be the largest and most potential regional market for artificial pancreas device systems due to high disposable income, rising prevalence of type 1 diabetes, high adoption rate of novel technologies and supportive reimbursement policies.

Market Competition Assessment

In 2015, Medtronic, Inc. was observed as the only player present in market with its first generation artificial pancreas device systems MiniMed 530G. However, the key players who are expected to enter the market during the forecast period are Johnson & Johnson, Tendem, Insulet, JDRF, Bigfoot Biomedical and Beta Bionics. Insulet Corp. is compiling a strategy its pump OmniPod becomes an important part of its artificial pancreas offering in the near future. Tandem Diabetes Care outlines its plans in the APDS market initiating with R&D phase of its artificial pancreas system. Bigfoot Biomedical’s goal is to create a pump-sensor union therapy that would be much simpler than the current counterparts would. Beta Bionics has developed the iLet Bionic Pancreas system that delivers both insulin and glucagon and is targeted to type 1 diabetes patients; and was developed by Dr. Ed Damiano at the Boston University. Thus, by 2019 products of these key players are anticipated to commercially exist in the market which would increase the market competition, new pricing strategies, assist merger and acquisitions, and geographical expansion strategies.

Key Market Movements

• North America is expected to lead the global artificial pancreas device systems market due to high disposable income, rising prevalence of type 1 diabetes, high adoption rate of novel technologies and supportive reimbursement policies
• Projected market entry of around seven products by 2018 in global pancreas device systems market
• Artificial pancreas device systems market is expected to achieve maturity by 2022 which would intensify the market competition, revamp of pricing strategies, and emphasis on geographical expansion and penetration
  

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