The pancreas are an important part of the human body and is usually located in the digestive system behind the stomach, in the upper left abdomen. The primary two functions of the pancreas happens to be production of hormones, such as insulin and glucagon, which regulate the level of blood sugar (glucose), and pancreatic juice, which contains enzymes that help break down proteins, fats, and carbohydrates in the small intestine, proving helpful in digestion. The enzymes that the pancreas produce are released into the small intestine with the help of a duct system. While the hormones produced by the pancreas are released straight into the bloodstream and play an important role in regulating glucose levels in the blood. An ill-functioning pancreas are likely to lead to multiple type of medical conditions like diabetes, pancreatitis, or pancreatic cancer. And this is where bio-artificial pancreas are proving utterly useful for the humans. A bio-artificial pancreas happen to be a medical device that provides a treatment option for people suffering from type 1 diabetes, and cannot produce insulin naturally.
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The bio-artificial pancreas usually has living cells, and artificial components. While the living cells happen to be pancreatic islet cells, that produce insulin in the body and are harvested from donors or from the pancreas of the patient itself. These living cells are turned into biocompatible material to safeguard them from any kind of attack from the immune system. The global bio-artificial pancreas market is growing courtesy of numerous factors. One of the key reason why the global bio-artificial pancreas market is growing is rising needs of insulin among individuals from various age groups. Meanwhile, growing concerns linked with the safety regulations and high costs associated with this treatment type will prove a restraining factor for the global bio-artificial pancreas market. On the other hand, the global bio-artificial pancreas market will be seeing humungous growth owing to increasing amount of investments in the development of bio-artificial pancreas.
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Global Bio-Artificial Pancreas Market Report Highlights
- The global bio-artificial pancreas market is anticipated to reach 19.2% CAGR over the forecast period (2023 – 2031).
- The requirement for insulin skyrocketed during the coronavirus pandemic as people with comorbidities like diabetes were easily infected by the highly-infectious virus. This ultimately helped the global bio-artificial pancreas market grow.
- The region of Asia Pacific is expected to generate money at the fastest rate for the global bio-artificial pancreas market during the forecast period 2023-2031. Increasing number of people suffering from type 1 and type 2 diseases in the country like India is driving the growth of this market.
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Global Bio-Artificial Pancreas Market Participants
- Beta Bionics, Inc.
- Beta-O2 Technologies Ltd
- BIGFOOT BIOMEDICAL, INC.
- Eli Lilly
- Insulet Corporation
- Other Market Participants
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Global Bio-Artificial Pancreas Market Segmentation
Absolute Markets Insights has segmented into the global bio-artificial pancreas market on the basis of clinical trial, condition, end-users and application and region further into countries.
Global Bio-Artificial Pancreas Market Clinical Trial Outlook (Revenue, USD Million, 2023 – 2031)
- Phase I clinical trial
Global Bio-Artificial Pancreas Market Condition Outlook (Revenue, USD Million, 2023 – 2031)
- Diabetes type 1 (T1D)
- Diabetes type 2 (T2D)
Global Bio-Artificial Pancreas Market End-Users Outlook (Revenue, USD Million, 2023 – 2031)
- Specialty Clinics
- Organ Transplant Centers
- Research Centers
Global Bio-Artificial Pancreas Market Application Outlook (Revenue, USD Million, 2023 – 2031)
Global Bio-Artificial Pancreas Market Regional Outlook (Revenue, USD Million, 2023 – 2031)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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