Is there a waterproof, compact insulin pump that measures your sugar levels while giving you the insulin you need?

What you are describing is an “artificial pancreas”. While there is not a device like that now, several companies are working on making the connection between sensing glucose levels and delivering insulin. Stay tuned!

BS
Additional comments from Dr. Donough O’Brien:

The simple answer is ‘No,not yet’; but the combination of a glucose sensor with an insulin pump is a major goal for all manufacturers. I have been told that Disetronic has been trying out such a device in the UK, but I have seen no reports on its use. Next in line perhaps, is the San Diego firm DexCom which has developed a subcutaneously implanted sensor about the size of an AA battery. It is supposed to last a year, sends a radio signal to a small external receiver which measures glucose every two minutes, and graphs the last one to nine hours as well as downloading the last 24 hours. A much smaller sensor is about to be tested and clearly the hope is for it to be both small and rechargeable. It has not yet been linked to a pump without patient intervention.

DOB
Additional comments from Jane Seley, diabetes nurse specialist:

A combination blood glucose (sugar) monitor or “sensor” and insulin pump is the dream device we are all waiting for. We are getting much closer to that goal. An experimental implanted glucose sensor and implanted pump that talks to each other and makes changes through pre-programmed individualized information is just being tried in France and will probably “go live” here at the beginning of next year. In the meantime, the new Deltec CoZmo pump allows you to test your blood sugar in your usual way with your meter and enter the result into the pump. The pump will then mathematically compute your insulin dose based on pre-programmed information.

I am looking forward to these and other technological breakthroughs that will make it easier to live with diabetes.

JS