An artificial pancreas is a man-made device that is designed to release insulin in response to changing blood glucose levels in a similar way to a human pancreas. Artificial pancreas systems are being studied as a possible treatment option for people with type 1 diabetes and type 2 diabetes. For an artificial pancreas from Medtronic, you may expect to pay somewhere in the range of 5,000-8,000 dollars. The price may go up from there depending on how many glucose sensor's the individual goes through in a year. Keep in mind that with these systems, insulin is still needed. Artificial pancreas treatment, also referred to as closed loop glucose control, is an emerging treatment option combining an insulin pump and continuous glucose monitoring with a control algorithm to deliver insulin in a glucose responsive manner (that is, a single hormone artificial pancreas system). An artificial pancreas is a man-made device that is designed to release insulin in response to changing blood glucose levels in a similar way to a human pancreas.