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INSULCLOCK develops a smart insulin pen that integrates electronic devices and mobile technologies to assist diabetics in managing their condition. It automatically records insulin intake data, ensuring security and privacy through cloud storage, and aims to enhance the user experience for both patients and caregivers.
INSULCLOCK addresses the opportunity of providing a new product within the growing market for diabetes care, a very serious and painful disease with an expected global patient pool of 380 million by 2025.More specifically, INSULCLOCK approaches the insulin pens market which totaled above 8 billion € in 2013, with a 9% CAGR for the next years.More than 25% of diabetics depend on insulin injections daily, and it is estimated that two-thirds of insulin volume is injected via a modern pen devices.
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