NEW YORK, July 5, 2016 /PRNewswire/ -- Medtronic leads the $7 billion market for infusion pumps, according to Kalorama Information. The healthcare market research firm said that the largest company in medical devices leads the market, in this category as a result of its acquisition of device maker Covidien. Baxter, Becton Dickinson, B.Braun, Fresenius and Hospira retain competitive market share. Kalorama made its finding in its most recent report, The World Market for Infusion Pumps (Large Volume Pumps, Ambulatory Pumps, Insulin Pumps, Enteral Feeding Pumps, Others), which can be found at Kalorama Information: http://www.kaloramainformation.com/Infusion-Pumps-Large-10100502/.
Infusion pumps are used in a variety of applications and settings from fulfilling simple requirements such as delivering basic fluids for hydration to more complex ones such as infusing pain medications, antibiotics, or chemotherapy. They are complicated devices, and accuracy and consistency of delivery of medications and other fluids are essential due to the possibility of severe consequences. The global infusion pump market as a whole is highly competitive with the majority of competition in the ambulatory pump segment. Specialty infusion pump segments are more focused with a handful of leading competitors, specifically in the implantable segment the market is highly underserved and Medtronic is the leader without any significant competitive pressure.
In its biennial report on infusion pumps, Kalorama's market share assessment includes all categories of pumps, from ambulatory and specialty pumps to syringe systems and enteral feeding devices. The healthcare market researcher's Top Six Companies in Infusion Pumps were as follows:
- Medtronic 15%
- Baxter International 9%
- Becton, Dickinson 8%
- B.Braun 7%
- Fresenius Kabi 7%
- Hospira 6%
Kalorama's share assessment was made based on 2015 results.
Medtronic's SynchroMed Infusion pumps are targeted drug delivery systems used for the management of chronic pain or severe spasticity. Since 1992, more than 60,000 Medtronic programmable intrathecal drug delivery systems have been implanted to manage pain or spasticity. The Covidien acquisition also expanded Medtronic to participate in the enteral feeding pump segment with the acquired line of Kangaroo enteral feeding pumps.
Baxter currently operates within the large volume and ambulatory infusion pump segments. The company continues to develop new features for its existing product lines including connectivity and wireless options and new applications. Baxter International
The acquisition of CareFusion propelled Becton, Dickinson to the forefront of the infusion pump market with the Alaris line of infusion pumps. This also provided Becton with one of the leading positions in the U.S. market as the Alaris infusion system is sold primarily within the U.S. and is a popular brand.
Also competitive in infusion pumps are Insulet, Roche, Halyard, Animas, Moog, Smiths Medical, Moog, Tandem Diabetes and scores of other companies, according to the report.
The World Market for Infusion Pumps gathers revenues for each product segment through both primary and secondary research methods, providing global infusion pump market analysis from 2010 through 2020. Information is presented as a global overview, with special emphasis on the U.S. and European markets. A market summary includes market analysis by product type and region and a competitive analysis of leading providers. The World Market for Infusion Pumps (Large Volume Pumps, Ambulatory Pumps, Insulin Pumps, Enteral Feeding Pumps, Others) can be found at Kalorama Information: http://www.kaloramainformation.com/Infusion-Pumps-Large-10100502/.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.
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SOURCE Kalorama Information