The Latin American infusion pumps market is a consolidated market, with the top five players accounting for nearly 75%-77% of the market in 2015. However, there are numerous smaller players in the market operating at the regional level. The top players in the Latin American infusion pumps market are Becton, Dickinson and Company (U.S.), Hospira Inc. (U.S.), Baxter International Inc. (U.S.), B. Braun Melsungen AG (Germany), and Fresenius SE & Co. KGaA (Germany). These players accounted for a combined market share of ~76% in 2015. Other players in this market include Medtronic, Inc. (U.S.), Smiths Medical (U.S.), Terumo Corporation (Japan), Moog, Inc. (U.S.), Roche Diagnostics. (Switzerland), Johnson & Johnson (U.S.), Nipro Corporation (Japan), and JMS Co., Ltd. (Japan), which collectively accounted for the remaining ~24% of the Latin American infusion pumps and accessories market in 2015.
Becton, Dickinson and Company dominated the Latin American infusion pumps and accessories market in 2015. Its acquisition of CareFusion Corporation, in March 2015, played a significant role in securing the company leadership in this market. The acquisition added CareFusion’s flagship Alaris infusion pumps to BD’s product portfolio. The company’s revenue growth in 2015 can also attributed to its wide geographic reach and product portfolio as well as sales in emerging markets (Eastern Europe, the Middle East, Africa, Latin America, and Asia-Pacific). The company’s comprehensive product portfolio includes numerous infusion systems such as volumetric pumps, syringe pumps, and PCA pumps, under its market-leading brand Alaris. The company also provides dedicated disposables for its infusion products. Becton, Dickinson and Company is continuously engaged in technological development and product innovation. For this, the company invested USD 632 million in R&D in 2015. Such investments support the product innovation strategies of the company. Becton, Dickinson and Company, is also focused on maintaining its leading position in the market through collaborations and expansions. With regards to this, in 2015, Becton, Dickinson and Company opened its Advanced Diabetes Care facility in Andover, Massachusetts that manufactures novel products for Type 1 and Type 2 diabetes.
B. Braun Melsungen AG held the second position in the Latin American infusion pumps and accessories market in 2015. Its strong presence in well-established markets, along with its wide range of product offerings, has helped B. Braun Melsungen AG to retain its position amongst the top five players in the Latin American infusion pumps and accessories market. B. Braun’s market leadership can also attributed to the upgrades in its infusion products and the organic growth strategies like expansions applied by the company. For instance, in April 2014, the company expanded its production site to Gyöngyös, Hungary. Similarly, in April 2013, the company started the construction of a new industrial park in Latin America.
The top players in the Latin American infusion pumps and accessories market are continuously striving to increase their market shares with new product launches, product enhancements, and geographic expansions. Some players are also focusing on mergers, acquisitions, agreements, and partnerships with similar companies to increase their customer base and garner greater market shares in the coming years.
Latin America Infusion Pump Market by Product (Volumetric, Syringe, Feeding, Insulin, PCA Pump), Application (Chemotherapy, Gastroenterology, Diabetes, Pain Management), Setting (Hospital, Ambulatory Centers), Accessories - Forecast to 2021
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