Local manufacturing capabilities and expanding medical tourism also play a role in regional market growth. Market Key Players: Key players are Medtronic plc, Baxter International Inc, B. Braun Melsungen AG, Fresenius Kabi AG, ICU Medical, Inc, Terumo Corporation, Micrel Medical Devices SA, Moog Inc, Mindray Medical International, Ltd, BD (Becton, Dickinson and Company). Request for FREE Trial Access: Key Product Launches & Regulatory Approvals in 2025: .ICU Medical: In April 2025, FDA cleared the Plum SoloTM (single‐channel) and updated Plum DuoTM (dual‐channel), both part of their new Precision IV Pump Platform with ±3% accuracy, touchscreen interfaces, and LifeShieldTM software for EHR integration..