ICU Medical, Inc. - Company Market Research Report

Company Overview

• Name: ICU Medical, Inc.

• Mission: Clinician-founded with a clinically focused approach, ICU Medical is dedicated to connecting patients and caregivers through innovative technology and services that provide meaningful clinical value.

• Founded: 1984

• Founders: No information is available.

• Key People:

• Shuichi Takagi, President and Representative Director of Otsuka Pharmaceutical Factory, Inc.

• Vivek Jain, Chief Executive Officer of ICU Medical

• Dan Woolson, Corporate Vice President and General Manager of ICU Medical Infusion Systems

• Chad Jansen, Corporate Vice President of Specialty Products

• Headquarters: San Clemente, California, USA

• Number of Employees: No information is available.

• Revenue: No information is available.

• What is the company known for: ICU Medical is known for its comprehensive range of medical products, particularly focused on IV therapy, and for its award-winning Plum 360™ Infusion System.

Products

Infusion Therapy

• Plum Duo™ Infusion Pump with LifeShield™ Infusion Safety Software:

• Description: Dual-channel infusion pump with advanced technology.

• Key Features:

• Large color touch screen user interface.

• Dual-channel capability for delivering up to four IV medications.

• Cloud-based informatics for drug library management.

• Integration with ICU Medical Clave™ needlefree connectors for infection control.

• Plum 360™ Large Volume Infusion Pump:

• Description: A smart pump providing unmatched efficiency and interoperability.

• Key Features:

• KLAS award-winning technology for EMR integration.

• Reduces medication errors and improves care quality.

Airway Management

• Product Line:

• Tracheostomy Tubes and Accessories:

• Includes the Portex™ and Bivona™ product lines for enhanced airway management solutions.

• Ventilation: Systems for both manual and mechanical ventilation.

Temperature Management

• Level 1™ H-1200 Fast Flow Fluid Warmer:

• Description: A device used to heat blood and fluids for infusion.

• Key Features:

• Integrated air detector and clamp to automatically stop the flow when air is detected.

• Allows rapid infusion of warm fluids.

Hemodynamic Monitoring

• Cogent™ 2-in-1 Hemodynamic Monitoring System:

• Description: Provides both minimally invasive and invasive monitoring.

• Key Features:

• Lightweight with wireless communication.

Renal Care

• ClearGuard™ HD Antimicrobial Barrier Caps:

• Description: Reduces the rate of CLABSIs in hemodialysis patients.

• Key Features:

• Clinically proven effectiveness.

Pharmacy Preparation

• ChemoLock™ and ChemoClave™ Needlefree CSTDs:

• Description: Closed System Transfer Devices to ensure safe and controlled medication transfer.

• Key Features:

• Minimizes risk of exposure to hazardous drugs.

Recent Developments

• Joint Venture with Otsuka Pharmaceutical Factory, Inc.:

• Objective: Bolstering IV solutions manufacturing and innovation in North America.

• Initiatives:

• Combines ICU Medical's production capabilities with Otsuka's innovation and technology.

• Aims for enhanced supply chain resiliency and accelerated product development.

• FDA Clearance for New Products:

• Plum Duo™ Infusion Pump and LifeShield™ Software:

• Received U.S. FDA 510(k) regulatory clearance.

• Available in early 2024, offering improved IV medication administration safety and efficiency.

• Recognition and Awards:

• Plum 360™ Infusion System:

• Recognized for seven consecutive years by KLAS Research as the top-performing Smart Pump EMR-integrated.

• New Product Launches:

• Level 1™ H-1200 Fast Flow Fluid Warmer:

• Available globally, providing enhanced safety through integrated air detection systems.

• Strategic Enhancements:

• Supply Chain Improvements:

• Broadened supplier base and enhanced logistics capabilities, including a state-of-the-art centralized US distribution center.

Conclusion

ICU Medical, Inc. remains a leading innovator in the medical device industry, with a strong focus on improving patient care through advanced infusion therapy systems, medication safety products, and specialized monitoring and management solutions. The company's strategic joint ventures and continued recognition for product excellence highlight its commitment to quality and healthcare advancements.