Outlook of Hybrid Close Loop System Market 2016 - 2024 | micro-economic indicators, and regulations and mandates
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"Hybrid Close Loop System Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2016 - 2024"
with Industries Survey | Global Current Growth and Future.
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Hybrid close loop system is an advanced technique
having two parts as insulin pump with hybrid close loop and a sensory
system guardian link three transmitter, which is designed to assist
patients with type 1 diabetes in managing the glucose level. In auto
mode, hybrid close loop system automatically adjusts the volume of
insulin to be transferred with keeping a record of the quantity
delivered in a given preset cycle. Hybrid close loop system can also
adjust the volume of basal insulin i.e. the volume required when a
person is not using an insulin pump. The device supplying quantity of
120 mg/dL of insulin, which further adjusts the hybrid close loop
system to synchronize with the diet of the patient.
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Hybrid
close loop system helps an individual to be aware of their glucose
level, which makes them more independent in managing their daily diet
plans with better compliance gradually. Furthermore, individuals at
the risk of fluctuating glucose level at the night time are expected
to be benefited more due to the hybrid close loop system’s
continuous glucose monitoring as well as the provision of insulin
availability throughout the bedtime. Hybrid close loop system device
can be a monopolistic rival for other insulin pump devices due to its
hybrid and dual nature of monitoring the glucose level as well as to
pump the amount of insulin required to maintain the absolute sugar
level in the body. Nevertheless, the supporting factor for Medtronic
hybrid close loop system is the priority access program, which
enables diabetes affected population to get started with MiniMed 630G
system with low cost on purchasing before it’s official release in
the market, which is dated in the year 2017.
The global hybrid close loop system market
consists of only one product named MiniMed 630G by Medtronic. Hybrid
close loop system named MiniMed 630G system by Medtronic is available
with a healthy reimbursement plan, which will benefit the patient,
which in turn is expected to fuel the market growth for hybrid close
loop system market in the near future. Furthermore, based on end
users, global hybrid close loop system market can be further
segmented into hospitals, clinics, diagnostic centers, and ambulatory
care centers. Increasing prevalence of diabetes with increasing
technological advances and increasing adoption rate for assistive
medical technology is expected to support the hybrid close loop. The
hybrid close loop system is expected to register significant CAGR
during the forecast period, due to monopolistic approach and
technological advancements.
Other influencing factors are increased demand for
comfortable lifestyles among patients suffering from debilitating
diseases such as diabetes, is expected to fuel the demand for hybrid
close loop system. This system has recently received approval from
the U.S. FDA in September 2016.
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