Insulet has launched the Omnipod 5 automated insulin delivery app for iPhone in the US. The app obviates the need for carrying a separate controller as it allows users to manage their insulin requirements via the app.
In addition to managing insulin delivery, the app also has a custom food feature that allows users “to input, save, and list carbohydrate counts for their typical meal sizes, favourite foods, and snacks”. It also has a SmartBolous calculator where users can select from a personalised list of foods to determine the amount of insulin required, which can help minimise carb counting and simplify mealtime maths, as per Insulet.
The US Food and Drug Administration (FDA) cleared the iPhone app back in October 2023, more than a year after the Omnipod 5 device was first approved by the FDA for use in patients with type 1 diabetes aged over two years.
The Omnipod 5 is a tubeless hybrid closed-loop system that helps deliver insulin doses automatically to help simplify diabetes management. The Dexcom G6 sends regular blood sugar parameters to the device, which it can then use to adjust insulin delivery doses.
The Omnipod 5 App for iPhone is currently compatible with the Dexcom G6 continuous glucose monitoring (CGM) System. Insulet expects to be compatible with the next-generation Dexcom G7 CGM compatibility in the US next year.
The diabetes care market is expected to grow to be worth $33.5bn in 2030, as per the GlobalData market model. The insulin pump market is projected to reach $14bn in the same period, as per GlobalData analysis.
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By GlobalDataInsulet also secured label expansion for Omnipod 5 device from the FDA allowing for its use in adult patients with type 2 diabetes. The US label expansion was based on the positive data from the open-label SECURE-T2D clinical trial (NCT05815342).
Omnipod is a high-grossing product for Insulet, it generated $1.7bn in global revenue last year, as per the company’s financials. Insulet expects an 18%-21% growth in total Omnipod revenue for this year compared to 2023, as per the company’s Q2 2024 financials.