Automated Insulin Delivery Systems Market Size, Share, and Report 2024-2031

Automated Insulin Delivery Systems Market is expected to reach at a CAGR of 9.7% during the forecast period (2024-2031).

Automated insulin delivery systems are designed to assist patients with diabetes, particularly those with type 1 diabetes, in managing their blood glucose levels. These systems, which can be fully automated or semi-automated, adjust insulin delivery automatically based on real-time glucose readings, helping to optimize blood sugar control without requiring constant manual intervention from the patient.

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Market Dynamics:

Advancement in next-generation automatic insulin delivery systems is expected to drive market growth.

RocketAP, a new automated insulin delivery (AID) algorithm, has demonstrated promising results in helping adolescents with type 1 diabetes maintain better glucose control after meals, even in the absence of mealtime (bolus) insulin. This innovative algorithm, similar to Control-IQ, features a distinctive capability to detect unscheduled meals and promptly administer bolus insulin, thus reducing the risk of post-meal hyperglycemia. A study utilizing Tandem insulin pumps and Dexcom G6 continuous glucose monitors (CGMs) highlighted impressive outcomes, suggesting that RocketAP could be a significant step toward achieving a fully closed-loop insulin delivery system. These advancements are expected to drive market growth in the upcoming forecast period.

Segment Covered in the Automated Insulin Delivery Systems Market:

By Device Type: Reusable Insulin Pens, Disposable Insulin Pens.

By Insulin Pumps: External/ Tethered Pumps, Implanted Insulin pump (IIP), Patch Pumps, Closed-loop insulin pump, Others.

By Pen Needles: Standard Pen Needles, Safety Pen Needles, Others.

By End-User: Hospitals, Clinics, Homecare, Others.

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Key players involved in Automated Insulin Delivery Systems Market:

• Medtronic.
• Novo Nordisk.
• Insulet Corporation.
• Tandem Diabetes Care, Inc.
• Ypsomed AG.
• F. Hoffmann-La Roche Ltd.

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Product Portfolio:

Medtronic Plc

Medtronic plc is a global medical device company headquartered in Fridley, Minnesota, USA, and incorporated in Ireland. The company specializes in developing and manufacturing a wide range of devices and therapies for over 30 chronic conditions, including heart failure, Parkinson's disease, urinary incontinence, Down syndrome, obesity, chronic pain, spinal disorders, and diabetes. Operating in 140 countries, Medtronic employs more than 104,950 people, making it a significant player in the medical technology industry.

Regional Analysis:

The global Automated Insulin Delivery Systems Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Automated Insulin Delivery Systems Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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