The North America And Europe Artificial Pancreas Market, estimated at USD 236.2 Mn in 2025, is expected to exhibit a CAGR of 18.2% and reach USD 761.4 Mn by 2032.
The industry is witnessing significant growth driven by rising demand for advanced, reliable, and cost-effective medical devices across diagnostic, therapeutic, and monitoring applications. Rapid advancements in device design, digital health integration, and adoption of minimally invasive technologies are reshaping the competitive landscape. Furthermore, supportive regulatory frameworks, increasing healthcare investments, and the growing focus on patient-centric care are expected to create new growth avenues for market players.
Key market players are focusing on the adoption of inorganic growth strategies such as partnerships in order to expand their product portfolio, and this is expected to drive market growth over the forecast period. For instance, on May 24, 2025, Convatec Group Plc., a global medical products and technologies company focused on solutions for the management of chronic conditions, announced its partnership with Beta Bionics for the iLet Bionic Pancreas which has now been FDA 510(k) cleared and set for commercial launch. Convatec is the global leader in the design and manufacturing of infusion set technologies and insertion devices for insulin pump treatment.
North America And Europe Artificial Pancreas Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China,) in the last months of 2025, as "coronavirus disease 2025" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems regarding transportation of drugs from one place to another.