Global Fluid Management Systems Market, By Product Type (Fluid Management Systems, Fluid Management Disposables and Accessories), Application (Urology, Gastroenterology, Laparoscopy, Gynecology/Obstetrics, Bronchoscopy, Arthroscopy, Cardiology, Neurology, Otoscopy, Dentistry, Anesthesiology, Other Applications) – Industry Trends and Forecast to 2030.
Fluid Management Systems Market Analysis and Size
The demand for fluid management systems has surged for controlling and administering liquids such as electrolytes, blood, and saline required during medical procedures. An increase in the number of minimally-invasive surgery procedures, the growing burden of chronic diseases, and technological advancements are the major factors for the market growth rate. Furthermore, governments across the globe are launching strict healthcare regulations, influencing market players to develop effective and patient-friendly management systems.
Data Bridge Market Research analyses that the global fluid management systems market, which was USD 9.90 billion in 2022, would rise to USD 31.69 billion by 2030 and is expected to undergo a CAGR of 13.80% during the forecast period from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Fluid Management Systems Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Fluid Management Systems, Fluid Management Disposables, and Accessories), Application (Urology, Gastroenterology, Laparoscopy, Gynecology/Obstetrics, Bronchoscopy, Arthroscopy, Cardiology, Neurology, Otoscopy, Dentistry, Anesthesiology, Other Applications)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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F. Hoffmann-La Roche Ltd. (Switzerland), Mylan N.V. (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), Pfizer Inc. (U.S.), Baxter (U.S.), Smith + Nephew (U.S.), B.D. (U.S.), Cardinal Health (U.S.), Fresenious SE & Co KGaA (Germany), G.E. Healthcare (U.K.), Baxter (U.S.), AngioDynamics, Zimmer Biomet (U.S.), Olympus Corporation (Japan), Richard Wolf GmbH (Germany), KARL STORZ(Germany), Fluid Management Systems, Inc (U.S.).
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Market Opportunities
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Market Definition
Fluid management systems are widely used to control and supervise body fluid levels during numerous medical procedures. These systems help in the maintenance of required liquid levels in the body. Fluid management systems provide functionalities such as deficit monitoring, irrigation, warming, and filtration. These systems are widely used in numerous applications, such as neurology, urology, cardiology, gastroenterology, and laparoscopy.
Global Fluid Management Systems Market Dynamics
Drivers
- Increasing Product Launches
Numerous new product launches and acquisitions by major market players have increased the demand for fluid management systems worldwide. For instance, in 2018, Hologic, Inc. launched a Fluent management system in the United States. The device is developed to provide liquid management for hysteroscopic processes. This factor leads to the growth of the market.
- Growing R&D Activities
An increasing rate of acquisitions is a major trend in the market. For instance, the Bodyport cardiac scale cleared the United States Food and Drug Administration (U.S. FDA) approval for fluid management assessment in 2022. The Cardiac Scale solution enables patients with fluid management conditions such as kidney disease and heart failure to non-invasively assess cardiac function and fluid status in the same step taken for weight measurement. Thus, this factor help in the market growth.
Opportunities
- Growing Rate of CVD
The growing cases of cardiovascular diseases are the major factor for the market. For instance, per the report published by the Centers for Disease Control and Prevention (CDC) in 2021, more than 795,000 individuals in the U.S. suffer from stroke every year. Out of these, 610,000 suffers from stroke for the first time. About 87.0% of all strokes are ischemic strokes. Likewise, the report published by the Government of the U.K. in 2021 stated that about 210,800 men were offered to screen for aortic aneurysms, and about 1,542 aneurysms were detected among them. Around 848 men with large aneurysms were referred for surgery.
Additionally, as per the article published by the Centers for Disease Control and Prevention (CDC), "Heart Disease Facts," around 805,000 Americans have a heart attack yearly. Thus, this increasing incidence leads to the higher adoption of fluid management systems. Thus, this factor boosts market growth.
Restraints/Challenges
- Side Effects of Fluid Management Systems
Several side effects are associated with anesthetic drugs that lead to market hindrance. Effects such as persistent epithelial defects, stromal/ring infiltrates, superficial punctate keratitis, corneal edema, endothelial damage, and ocular inflammation impede market growth. Thus, this factor impedes market growth.
This fluid management systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fluid management systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fluid Management Systems Market Scope
The fluid management systems market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Fluid Management Systems
- Integrated fluid management system
- Standalone fluid management system
- Dialyzers
- Insufflators
- Suction/evacuation and irrigation systems
- Fluid waste management systems
- Fluid warming systems
- Others
- Fluid Management Disposables
- Cannulas
- Catheters
- Valves
- Connectors
- Fittings
- Suction canisters
- Bloodline
- pressure monitoring lines
- Pressure transducers
- Tubing sets
- Others
- Accessories
Application
- Urology
- Gastroenterology
- Laparoscopy
- Gynecology/Obstetrics
- Bronchoscopy
- Arthroscopy
- Cardiology
- Neurology
- Otoscopy
- Dentistry
- Anesthesiology
- Other Applications
Fluid Management Systems Market Regional Analysis/Insights
The fluid management systems market is analyzed and market size insights and trends are provided by product type and application as referenced above.
The countries covered in the fluid management systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to grow the fluid management systems market during the forecast period due to the increasing demand for minimally invasive surgeries and growth in healthcare infrastructure. Also, growing research activities on endoscopic cameras, mainly in Japan within this region, boost the market growth.
North America dominates the market in the forecast because of the rapid technological development and high medical reimbursement facilities. Also, increasing demand for shorter regional hospital stays leads to market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The fluid management systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for fluid management systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the fluid management systems market. The data is available for historic period 2011-2021.
Competitive Landscape and Fluid Management Systems Market Share Analysis
The fluid management systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fluid management systems market.
Some of the major players operating in the fluid management systems market are:
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Mylan N.V. (U.S.)
- Teva Pharmaceutical Industries Ltd. (Israel)
- Sanofi (France)
- Pfizer Inc. (U.S.)
- Baxter (U.S.)
- Smith + Nephew (U.S.)
- B.D. (U.S.)
- Cardinal Health (U.S.)
- Fresenious SE & Co KGaA (Germany)
- G.E. Healthcare (U.K.)
- Baxter (U.S.)
- Zimmer Biomet (U.S.)
- Olympus Corporation (Japan)
- Richard Wolf GmbH (Germany)
- KARL STORZ(Germany)
- Fluid Management Systems, Inc (U.S.).
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