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. According 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.
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