BD, Pfizer, Baxter, and Medtronic are Dominating the Market for Global Infusion Pump System, Accessories and Software Market in 2016

Global Infusion Pump System, Accessories and Software Market is expected to reach USD 14.31 billion by 2024 from USD 9.12 billion in 2016, at a CAGR of 5.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Infusion pump accessories market has the largest market segment in infusion pump system, accessories and software market.

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The Global Infusion Pump System, Accessories and Software Market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Becton, Dickinson and Company dominated the infusion pump system, accessories and software market accounting for the highest market share in 2016, followed by Baxter, Medtronic and Pfizer. Other players in this market include B. Braun Melsungen AG, Fresenius SE & Co. KGaA, Hospira, Animas Corporation, Moog Inc., Smiths Group Plc., F. Hoffmann-La Roche Ltd, Terumo Europe NV, Canè S.p.A, Caesarea Medical Electronics, Halyard Health, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., ZynoMed.com, ZOLL Medical Corporation., tricumed Medizintechnik GmbH, Teleflex Incorporated, ICU Medical, Inc., Novo Nordisk A/S, AngioDynamics, Micrel Medical Devices among others holds 9.8% of the global infusion pump system, accessories and software market in 2016.

Becton, Dickinson and Company:

Founded in 1897 as Becton, Dickinson and Company and head quartered in New Jersey, U.S. is focused on developing, manufacturing and sales of medical supplies, devices, laboratory equipment and diagnostic products. The company operates through two business segments: BD Medical and BD Life Sciences.

Recent Developments:

  1. In April 2017, Becton, Dickinson and company made an agreement to acquire C.R. Bard, Inc. to improve the process of care and treatment of diseases for both the health care providers and also for the patients. This acquisition will build the leadership position in medication management with the different offering of solutions for the Becton, Dickinson and company.
  2. In April 2017, Becton, Dickinson and company completed the acquisition of Caesarea Medical Electronics. This acquisition will expand the portfolio of Becton, Dickinson and Company that includeambulatory, home and specialty acute care infusion pumps.

Baxter:

Founded in 1931 and headquartered in Illinois, U.S., Baxter manufactures medical devices, pharmaceuticals, and biotechnology products. The company operates through two business segments, such as BioScience and Medical Products.

Recent Developments:

  1. In December 2016, Baxter launched a Sigma Spectrum Safety Management System to reduce the infusion programming risks. This product launch helped the hospitals to meet the safety needs and also enhanced the pharmacy efficiency.

Pfizer:

Incorporated in June 1942 and headquartered in New York, U.S. Pfizer Inc., is engaged in discovering, developing and, manufacturing of healthcare products. Pfizer Inc., operates through two segments: Pfizer Innovative Health (IH) and Pfizer Essential Health (EH). The company's IH segment concentrates on creating and commercializing immunizations and prescriptions that enhance patients' lives, and in addition products for the end user health care.

Recent Developments:

  1. In May 2016, Hospira, a Pfizer company launched a new product known as Lifecare PCA 7.0. a infusion system that has helped to improve the safety and efficiency of pain management medication administration
  2. In August 2015, Hospira, a Pfizer company announced the first installation of the infusion system Plum 360 with Hospira MedNet at one of the medical centre named as Shannon Medical Center in San Angelo, Texas.