North America & Europe Artificial Pancreas Systems Market Growth Driven By High Prevalence of Diabetes
Artificial pancreas is
an insulin pump connected to a continuous glucose monitor. The monitor is
controlled via a receiver using sophisticated software algorithms. It is used
to help people with type 1 diabetes control their blood sugar levels. Currently
available systems only deliver a single enzyme-based hormone insulin. Since the
body usually produces insulin naturally, the use of an artificial pancreas can
help diabetics lower their need for insulin by lessening the amount of the
hormone that is produced and excreted. They are generally less expensive than a
manual method.
The growth of North
America & Europe Artificial Pancreas Systems Market is driven by
high prevalence of diabetes in the regions. For instance, according to
International Diabetes Federation’s IDF Diabetes Atlas 2019 Edition, the
numbers of adults with diabetes in the U.S. was 31.0 million. In Europe, 59,322,100
suffered from diabetes in 2019 and the number is expected to reach 68,121,400
in 2045.
In most cases, an
artificial pancreas will help regulate blood sugar levels by adjusting the
insulin dose and timing to compensate for the body's inability to produce the
appropriate amount of the hormone. When blood sugar levels are too high, the
pancreas releases additional amounts of insulin to help get the blood sugar
levels back into a healthy range. When blood sugar levels are too low, the
pancreas shuts down production of insulin. The goal of therapy with an
artificial pancreas is to help diabetics return their blood sugar levels back
into a normal range. If blood sugar levels are too high, there is usually no
need for therapy as the body is able to process the insulin itself.
The growth of North
America & Europe Artificial Pancreas Systems Market is also driven by
approval and launch of new products in the regions. For instance, in January
2020, the U.S. Food and Drug Administration approved an artificial pancreas
system – based on technology from the University of Virginia Center for
Diabetes Technology – that automatically monitors and regulates blood glucose
levels.
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