Fluid Management Systems Market Report Size, Industry Growth and Expansion, Business Strategy, Forecast to 2025


Posted April 28, 2022 by Prachi001

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.
 
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 accessories and disposables segment is expected to grow at the highest CAGR during the forecast period

By product, the fluid management systems and accessories market is segmented into systems and accessories and disposables. The accessories and disposables s segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to the repeated purchase of accessories and disposables and an increasing number of minimally invasive surgeries.

The standalone fluid management systems segment is expected to account for the largest share of the fluid management systems and accessories market

By type, the fluid management systems market is segmented into standalone fluid management systems and integrated fluid management systems. The standalone fluid management systems segment accounted for the largest share of the fluid management systems market in 2019. Standalone fluid management systems are less expensive than integrated systems. This is a major factor contributing to the high adoption of these products in hospitals, especially in developing countries.

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 register 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.

The hospitals end-user segment is expected to account for the largest share of the fluid management systems and accessories market

The fluid management systems and accessories market, by end-user, is segmented into hospitals, dialysis centers, ambulatory surgical centers, and other end users. The hospital segment accounted for the largest market share in 2019. Hospitals are the largest end-users of fluid management systems and accessories, as a large number of surgical procedures are performed in these facilities. Moreover, the increasing preference for minimally invasive surgeries (MIS) has also driven the use of laparoscopic and endoscopic surgeries in hospitals.

Asia Pacific is expected to account for the highest CAGR for players operating in the fluid management systems and accessories market

The Asia Pacific fluid management systems and accessories market is expected to grow at the highest CAGR from 2020 to 2025. Factors such as the favorable environment for the growth of the fluid management systems and accessories market in Japan, Japan’s Revitalization Strategy, penetration of key players into China’s fluid management systems and accessories market, increasing infrastructure to support minimally invasive procedures in India, and growth of medical tourism and number of hospitals in Asian countries have contributed to the rapid growth of the fluid management systems and accessories market in the Asia Pacific.

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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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Issued By marketsandmarkets.com
Country India
Categories Health , Industry , Internet
Tags fluid management systems , fluid management systems market , fluid management systems market growth
Last Updated April 28, 2022