Top Companies in the Infusion Pump Market | In-depth analysis, Growth rate, Statistics by Vantage Market Research
The increasing incidence of chronic diseases along with the rapid growth of the geriatric population is anticipated to augment the growth of the market during the forecast period.
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Market Overview:
The global Infusion Pump market is valued at 13,141.50 USD Million in 2021 and is projected to reach a value of 21,798.08 USD Million by 2028 at a CAGR of 8.80% over the forecast period. The increasing incidence of chronic diseases along with the rapid growth of the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed across the globe are some of the key factors driving the growth of the infusion pumps market. However, the presence of stringent regulations for new products, medication errors associated with infusion pumps (which have resulted in product recalls), and the increasing adoption of refurbished and rental infusion pumps are expected to restrain the growth of this market during the forecast period.
Infusion pumps such as ambulatory chemotherapy pumps, implantable pumps, and insulin pumps are useful for managing various diseases, such as cancer and diabetes, in-home care settings. Ambulatory infusion pumps are designed to be portable or wearable. Infusion pumps are used to deliver fluids such as nutrients, medicines, and antibiotics to a patient’s body precisely and under a controlled environment. They are commonly used in hospitals, ambulatory surgery centers, home settings, infusion clinics, and long-term care facilities. In the last few years, the demand for home healthcare has increased owing to the high incidence and prevalence of chronic diseases and rising healthcare expenditure, mainly on hospitalization. Home healthcare provides patients with an affordable option compared to expensive hospital care, which, in turn, helps reduce the public expenditure on healthcare services. With the growing need to reduce hospital stays, patients are increasingly adopting ambulatory infusion pumps that are cheaper than most other infusion pumps as well as easier to use.
Following are the top 10 leading companies in the Infusion Pump market:
|
Company Name |
Revenue in USD |
|
$20 Billion |
|
$11 Billion |
|
$8 Billion |
|
$1 Billion |
|
$8 Billion |
|
$3 Billion |
|
$31 Billion |
|
$2 Billion |
|
$20 Million |
|
$29 Million |
1. Becton, Dickinson and Company
Becton Dickinson is one of the largest global medical technology companies in the world and is advancing the world of healthTM by improving medical discovery, diagnostics, and the delivery of care. The company supports the heroes on the frontlines of healthcare by developing innovative technology, services, and solutions that help advance both clinical therapy for patients and clinical processes for healthcare providers. The company helps to enhance the safety and efficiency of clinicians' care delivery process, enables laboratory scientists to accurately detect disease, and advances researchers' capabilities to develop the next generation of diagnostics and therapeutics. The company has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, the company can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to healthcare.
Baxter International Inc. is an American multinational health care company with headquarters in Deerfield, Illinois. The company primarily focuses on products to treat kidney disease, and other chronic and acute medical conditions. Baxter's BioScience business produces recombinant and blood plasma proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies and other chronic and acute blood-related conditions; products for regenerative medicine, and vaccines. The company's Medical Products business produces intravenous products and other products used in the delivery of fluids and drugs to patients; inhalational anesthetics; contract manufacturing services; and products to treat end-stage kidney disease, or irreversible kidney failure, including products for peritoneal dialysis and hemodialysis.
3. B. Braun
Braun is a German medical and pharmaceutical device company, which currently has more than 63,000 employees globally, and offices and production facilities in more than 60 countries. The company was founded in 1839 and headquartered in Melsungen, in central Germany. The company has more than 5.000 different healthcare products, of which 95% are manufactured by the company. By offering supplementary services and consulting, B. Braun is a system supplier that develops the best solution for patients in close partnership with the customers, making a significant contribution to medical advancements.
4. ICU Medical
ICU Medical, Inc. is a San Clemente, California-based company with global operations that develops, manufactures, and sells medical technologies used in vascular therapy, oncology, and critical care applications. The company's products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. The company's product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices, and systems, sensor catheters, needle-free closed blood sampling systems, and hemodynamic monitoring systems. The company's products are designed to prevent
Established in 1995, Fresenius Kabi India Pvt. Ltd is the country's most admired healthcare provider. The company is dedicated to healthcare professionals by providing them with a diverse range of pharmaceutical products & Medical devices. The company's business can be broadly classified into four therapeutic areas, Clinical Nutrition which offers parental and enteral nutrition products, IV drugs which formulate intravenously administered generic drugs such as Oncology drugs, Anesthetics & Analgesics, Anti-infective & Critical Care drugs, Infusion therapy that includes infusion solutions & colloids, Medical Devices (Transfusion Technology/Infusion Technology) offers pumps, disposables, Infusion management system, products of collection & processing of blood components & for therapeutic treatment of patients blood by apheresis systems. In the field of biosimilars, the company develops products with a focus on autoimmune diseases and oncology.
Smiths Group plc is a British multinational diversified engineering business headquartered in London, England. It has operations in over 50 countries and employs around 23,550 staff. Supplying its precision watches to various clients, including the Admiralty, the business quickly grew and expanded into a major provider of timepieces, diamonds, and automotive instrumentation. Presently, the company has five divisions. Smiths Detection is the world's largest manufacturer of sensors for the detection of explosives, weapons, chemical agents, biohazards, narcotics, and contraband. John Crane is a manufacturer of seals and associated products for the process industries. Smiths Medical is a manufacturer and supplier of specialty medical devices and equipment. Smiths Interconnect is a manufacturer of electronic and radio frequency components. Flex-Tek is a supplier of components to heat and moves fluids and gases.
Medtronic PLC offers innovative services and solutions to hospitals, physicians, clinicians, and patients. The company operates through four operating segments Cardiac and Vascular, Minimally Invasive Therapies, Restorative Therapies, and Diabetes. Moreover, each group is separated into business divisions that deliver a wide range of medical technologies, therapies, services, and solutions. In 2017, they realigned the divisions within the Restorative Therapies Group to include Spine, Brain Therapies, Pain Therapies, and Specialty Therapies.
8. Moog Inc.
Moog Inc is an American-based designer and manufacturer of electric, electro-hydraulic, and hydraulic motion, controls, and systems for applications in aerospace, defense, industrial and medical devices. The company operates under four segments: aircraft controls, space and defense controls, industrial controls, and components. The company's engineers have developed the capability to design and manufacture the most advanced motion control products for aerospace, defense, industrial, and medical applications – applications where precise control of velocity, force, acceleration, and fluid flow are critical. The company is a leading integrator of precision motion control systems and its products reflect the culture.
Nipro Medical established in 1954 and a world-leader in healthcare with over 30,000 employees around the globe. They are committed to delivering innovative, high quality solutions in the form of renal, medical-surgical, and vascular products with the ultimate goal of improving patient care and quality of life. This fundamental objective drives them to develop cutting-edge, value-added products for healthcare professionals that are safe, effective, and easy to use. As an integral part of a vast global manufacturing network, Nipro Medical Corporation is responsible for managing the sales, marketing, and business operations of North, Central, and South America unified in their commitment to improving patient care and quality of life. The company's North American division is located in New Jersey and addresses the needs of the United States and Canada. The company provides OEM manufacturing solutions to some of the biggest names in the medical industry.
Micrel Medical Devices SA is a medical technology company designing, manufacturing, and marketing "smart" drug delivery systems. The company offers a full range of ambulatory volumetric and syringe infusion pumps, administration sets, accessories as well as remote patient infusion control and monitoring systems and services for a broad array of hospital and home-based patient treatments. The company's strengths come from the long experience in the infusion devices industry, which they have gained through a large established product portfolio all over the world and a combination of innovative market-driven R&D culture with flexible manufacturing. The company develops new technologies and has a strong Intellectual Property (IP) portfolio in infusion systems supporting our product range. The company currently holds more than 20 patients on infusion technologies.
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