Infusion Pump Market

Becton, Dickinson and Company (US),Baxter International (US) and B. Braun (Germany) are the Key Players in the Infusion Pump Market

Becton, Dickinson and Company (US), Baxter International (US), B. Braun Melsungen (Germany), ICU Medical (US), Fresenius Kabi (Germany), and Smiths Medical (US) are the leading players in the infusion pumps market. The global infusion pumps market size is projected to reach USD 18.9 billion by 2025 from USD 13.5 billion in 2020, at a CAGR of 7.0% during the forecast period.

The key players in this market focus on increasing their presence with the adoption of both organic and inorganic growth strategies. These include product approvals, launches and upgrades, agreements, partnerships, collaborations, expansions, and acquisitions.

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Becton, Dickinson and Company (US) was the leading player in the infusion pumps market and accounted for the largest share in 2019. BD is known for its diversified product offerings in the field of infusion pumps. The company’s comprehensive product portfolio includes volumetric pumps, syringe pumps, ambulatory pumps, enteral pumps, and PCA pumps, under its market-leading brand—Alaris. The company also provides dedicated disposables for its infusion products. Over the years, the company has maintained its leading position in the market through continuous innovation and the launch of advanced products. BD continuously focuses on product offerings by enabling its infusion products to be ready for data integration with other allied products. In addition to this, BD focuses on expanding its product portfolio and geographic presence by mergers and acquisitions. In line with this, in April 2017, BD acquired Caesarea Medical Electronics (Israel).

Baxter International (US) is a global player in the infusion pumps market, with wide geographic coverage. The company has maintained its leading position in the market through strong distribution networks across the North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The company focuses on integrating its infusion pumps with hospital networking systems to improve the quality of care and reduce medication errors. In line with this, in September 2017, the company launched the DeviceVue Advanced Asset Tracking System for its Sigma Spectrum Infusion System, which enables clinicians and biomedical engineers to find unused pumps quickly by displaying the location and status of every pump.

B. Braun (Germany) is a key competitor in the infusion pumps market. B. Braun offers a wide range of infusion pumps and accessories. Over the past few years, the company has gained a greater market share through significant investments while expanding its geographic reach. The company is focusing on integrating its infusion pumps with EHRs. In this regard, in October 2019, B. Braun collaborated with STANLEY Healthcare (US) to integrate and deploy its Space Infusion Pump Systems along with DoseTrac Infusion Management Software with STANLEY Healthcare’s MobileView software—Aeroscout RTLS MobileView, at Saratoga Hospital, located in New York, US, to provide real-time pump status data. Similarly, in August 2019, B. Braun collaborated with Epic Systems Corporation (US) to integrate B. Braun’s Infusomat Space Large-volume Pumps with Epic’s electronic health record (EHR) platform at Prime Healthcare—Huntington Beach Hospital, located in California, US.

Related Reports:

Infusion Pump Market by Product [Accessories (Dedicated, Non-dedicated), Devices (Volumetric, Insulin, Syringe, Ambulatory)], Type (Traditional, Specialty), Application (Cancer, Diabetes), & End User (Hospital, Home care, ASCs) - Global Forecast to 2025

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Report Code
MD 2368
RI Published ON
3/17/2020
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