Latest Technological Advances in Insulin Pump Market - Literated Market Research
The development of new technologies is being driven by the increasing demand for non-invasive devices. The emerging technologies in the insulin pump industry that are gaining popularity relate to artificial pancreas, insulin patch pumps, transdermal insulin delivery systems and insulin glucagon delivery systems.
Blood glucose in much the same way as a non-diabetic's pancreas does is expected to be enabled by the artificial pancreas. An artificial pancreas would be able to continuously monitor glucose levels and automatically deliver insulin to patients by the use of a mathematical algorithm which is applied to the artificial pancreas or closed-loop system.
The technological advances have made insulin delivery devices less painful and invasive, and easier to use and enhance the quality of life which is a significant factor in determining a patient’s choice of device or delivery system.
Control of insulin delivery from the insulin pump at a nanolitre level is made possible by MEMS (Micro-Electro-Mechanical Systems) technology, in conjunction with the insulin delivery device. This process is similar to the physiological delivery of insulin.
A non-invasive, less painful method, providing precise control of the dosage and delivery time by regulating the depth of penetration is made possible by the transdermal insulin delivery system, a technological advancement in the insulin pump industry.
The technologically advanced new insulin pumping systems help in the delivery of insulin to patients in a more efficacious manner, are smaller in size and reduce errors compared to currently marketed products.
The quality of life of the diabetic patients is expected to improve by ensuring a tighter control of glucose levels without any incidence of hypoglycemia.
The acceptance and market penetration of products currently in the pipeline would be driven by the patients, especially in the developed economies, becoming increasingly aware of the latest technological developments and drive demand in the insulin pump market.
A patient's choice of the insulin delivery system is determined by the quality of life. Since the technological advancement in the systems that drive insulin into the patients have become less painful and non invasive, the demand for insulin pumps based on new technology has increased exponentially.
With the advanced insulin pumps that is often non invasive, has eliminated the trouble of insulin syringes and vials, and the mixing of fast-acting and slow-acting insulin in the correct ratio. Moreover the patients are spared the pain of injecting in usually the lower abdomen.
Therefore, within the insulin pump market, there is greater demand for insulin pens and the development of other devices for use by patients who lack manual dexterity or have visual problems with large displays, meal time reminders and display charts.
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