Abbott plans to offer updated FreeStyle Libre 2 and Libre 3 sensors in the US later this year, replacing its current systems.
Automated insulin delivery (AID) systems include an insulin pump that communicates with a continuous glucose monitor, which can adjust the amount of insulin administered to a user based on real-time glucose data.
However, while Abbott sees the opportunity in serving new patients, others do not expect a material change in CGM demand for either Abbott or its competitor Dexcom, partly because AID systems are primarily used by people with Type 1 diabetes, and are already used by more than half of the US market. Most of the future growth for CGMs in the US is expected to come from people with Type 2 diabetes who use insulin. As such, the recent announcement may be more impactful for AID players such as Tandem and Insulet, as Abbott’s reach and market share — particularly internationally — could benefit these companies.
The company is currently working with insulin-pump makers Insulet and Tandem for future integrations. In Germany, the Libre 3 sensor is authorized to work with the mylife Loop solution made by Ypsomed and the CamAPS app, with future launches planned in the UK, Switzerland and the Netherlands.
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