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This report aims to provide detailed insights into the global Fluid Management Systems Market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Expected Revenue Growth: [283 Pages Report] The fluid management systems and accessories market is projected to reach USD 16.1 billion by 2025 from USD 8.5 billion in 2020, at a CAGR of 13.6% during the forecast period. The growth of this market is majorly driven by the increasing number of minimally invasive surgeries, technological advancements in fluid management systems, an increase in government funds and grants worldwide for endosurgical procedures, increasing ESRD patient base, and rising number of hospitals and investments in endoscopy and laparoscopy facilities. Emerging markets and single-use disposable devices and accessoires are expected to provide significant opportunities for providers of fluid management systems and accessories. On the other hand, the high cost of endosurgical procedures, a lack of awareness, and the dearth of sufficient surgeons may affect market growth negatively during the forecast period.
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The fluid management systems segment accounts for the largest share of the market, by product, in 2019
By product, the fluid management systems and accessories market is segmented into systems and disposables and accessories. The systems segment accounted for the largest market share in 2019. The dominant share this segment can be attributed to the high cost of fluid management systems compared to accessories & consumables.
The laparoscopy application segment is expected to grow at the highest CAGR during the forecast period
Based on application, the fluid management systems and accessories market is categorized into urology and nephrology, gastroenterology, gynecology/obstetrics, laparoscopy, bronchoscopy, cardiology, arthroscopy, otoscopy, dentistry, neurology, and other applications. The laparoscopy application segment is expected to grow at the highest CAGR during the forecast period. Growth in this application segment is mainly due to the growing shift towards minimally invasive procedures, which, in turn, boosts the number of laparoscopic surgeries performed worldwide.
Hospitals end-user segment is expected to grow at the highest CAGR in the fluid management systems and accessories market during the forecast period
Based on end user, the global fluid management systems and accessories market is broadly segmented into hospitals, dialysis centers, ambulatory surgical centers, and other end users. The hospitals segment accounted for the largest market share in 2019 and is projected to register the highest CAGR during the forecast period.
The large share and high growth rate of this end-user segment can mainly be attributed to the large number of surgical procedures performed in these facilities.
North America is expected to account for the largest share of the fluid management systems and accessories market in 2019
In 2019, North America accounted for the largest share of the fluid management systems and accessories market, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is a lucrative and well-established market for fluid management systems and accessories. The growth in this market is majorly attributed to technological advancements, the presence of a favorable reimbursement scenario, rising incidence of diseases such as ESRD, cancer, and the greater adoption of advanced technologies in North America are the key factors driving the growth of the fluid management systems and accessories market in North America. The presence of a large number of global players in this region is another key factor contributing to the large share of this market segment.
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Key Market Player
The prominent players in this market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Cardinal Health, Inc. (US), Stryker Corporation (US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Medline Industries, Inc. (US), KARL STORZ GmbH & Co. KG (Germany), Ecolab Inc. (US), Smiths Medical (UK), Zimmer Biomet Holdings Inc. (US), Medtronic plc (Ireland), FUJIFILM Holdings Corporation (Japan), CONMED Corporation (US), Hologic, Inc. (US), Arthrex, Inc. (US), Thermedx, LLC. (US), COMEG Medical Technologies (Germany), and EndoMed Systems GmbH (Germany).
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