Insulin Patch Pumps Market: ML & AI Transforming Diabetes Care For Better - PowerPoint PPT Presentation

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Insulin Patch Pumps Market: ML & AI Transforming Diabetes Care For Better

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Global insulin patch pumps market is anticipated to reach $2760.98 million in 2032, growing at a CAGR of 10.63% during the forecast period, 2023 to 2032. Read more. – PowerPoint PPT presentation

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Title: Insulin Patch Pumps Market: ML & AI Transforming Diabetes Care For Better


1
Insulin Patch Pumps Market ML AI Transforming
Diabetes Care For Better
Insulin patch pumps are small, wearable
devices that deliver insulin to diabetic
patients continuously. They are a relatively new
technology that has gained popularity in recent
years owing to their ability to provide more
accurate and convenient insulin delivery. The
insulin patch pumps market has grown
rapidly with the increasing diabetic
population and technological advancements. Acco
rding to Inkwood Research, the global
insulin patch pumps market is expected
to reach 2760.98 million by 2032, growing
at a 10.63 CAGR during the forecasted
period, 2023 to 2032.
2
  • Evolution of Insulin Patch Pumps Battery-Powered
    to Automation
  • According to the National Library of
    Medicine, in 1976, Dean Kamen designed the
    first wearable insulin pump, known as the
    blue brick and later as the
    Autosyringe, which facilitated the
    introduction of insulin pump therapy
    that same year. In 1979, the first SOOIL
    insulin pump was clinically evaluated at
    Seoul National University Hospital. In 1983,
    MiniMed introduced its first insulin
    pump, MiniMed 502. This system soon
    underwent significant improvements in size
    and programmability and thus represented a
    major technologic breakthrough in the evolution
    of insulin pumps.
  • The new generation external pumps, released in
    the 1990s, are comparatively compact and
  • effective. These smart pumps have features
    such as built-in bolus calculators, personal
    computer interfaces, and alarms. The currently
    popular insulin pump models on the global
    market are TSlim from Tandem, Medtronic MiniMed,
    Accu-Chek Solo Micropump from Roche, OmniPod from
    Insulet, SOOILs DANA R, etc.
  • Now, toward the advent of Machine Learning
    and Artificial Intelligence in Diabetes Care
  • In the last few years, the healthcare industry
    has witnessed an unprecedented surge in using
  • machine learning (ML) and artificial intelligence
    (AI) in medical devices. Insulin patch pumps
  • have been a significant area where these
    technologies have played crucial roles, including
    enhanced efficient care, reduced medical
    errors, and improved patient outcomes.
  • Accordingly, major market leaders and
    medical professionals have welcomed the
    advent of machine learning and artificial
    intelligence in insulin patch pumps.
  • In March 2020, Companion Medical launched its
    InPen system, a smart insulin pen that tracks
    insulin dosages, glucose levels, and carbohydrate
    intake. The InPen system

3
  • uses machine learning algorithms to
    analyze data from continuous glucose
    monitoring (CGM) systems and provide personalized
    insulin recommendations.
  • In May 2020, Medtronic launched its MiniMed 780G
    system, an advanced insulin patch
  • pump that uses artificial intelligence
    to automate insulin dosing. The MiniMed
    780G system has a built-in algorithm that adjusts
    insulin delivery systems based on the patients
    glucose levels, providing more accurate and
    personalized insulin therapy.
  • The impact of these devices on the healthcare
    industry has been significant. Providing precise
  • and efficient insulin delivery has helped
    reduce the risk of hypoglycemia, improve
    patient
  • outcomes, and minimize the burden on healthcare
    providers. Moreover, ML and AI algorithms have
    the potential to revolutionize the field of
    diabetes care and pave the way for more
    personalized and precise treatments.
  • However, using machine learning and artificial
    intelligence in insulin patch pumps has also
    raised data privacy and security concerns.
    Insulin patch pumps collect a vast amount
    of sensitive patient data, including glucose
    levels, insulin dosages, and other
    health-related information. This data needs to be
    protected from cyber threats and unauthorized
    access.
  • To address these concerns, insulin patch
    pump manufacturers have implemented strict
    data privacy policies and taken measures to
    ensure the security of patient data.
  • Companion Medicals InPen system encrypts patient
    data and only allows authorized users to access
    it.
  • Medtronics MiniMed 780G system has several
    layers of security, including encryption,
  • authentication, and monitoring, to protect
    patient data.
  • Despite these efforts, some experts remain
    skeptical of using ML and AI in medical devices.
  • Some have raised concerns about the accuracy and
    reliability of these algorithms and the potential
    for bias in their decision-making. Others
    have argued that the use of these
    technologies could lead to a reduction in the
    human touch in healthcare, thus undermining the
    doctor-patient relationship.

4
The use of technology to assist those with
Type 1 Diabetes has failed to accomplish
its ultimate goal of improving glycemic
control. However, early results from applying
Artificial Intelligence principles for patients
under Metered Dose Inhaler (MDI) therapy in the
form of Acquired Demyelinating Syndrome (ADS)
show the potential to close this gap (Source).
Furthermore, Continuous Glucose Monitoring
(CGM) technology and smart pens with
Bluetooth capabilities could make incorporating
technology easier and reduce patient burden. It
is expected that adoption in this field will
continue growing in the next few years so that
everyone with diabetes can reap the
advantages of automation and AI. These
factors are expected to boost the global insulin
patch pumps market during the forecast
period. By Sukanya Mukherjee FAQs What are
some key drivers of the global insulin patch
pumps market? The growing prevalence of diabetes
among people, technological advancements in the
insulin patch pumps, and the rising awareness
regarding patch pumps are some key drivers of the
global insulin patch pumps market. Which trends
are projected to direct the global insulin patch
pumps growth?? The rising occurrence of
diabetes, growing healthcare awareness, advances
in technology in insulin delivery systems, and
growing research and development trends are
projected to direct the global insulin patch
pumps growth.
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