Fluid Management Market Overview
Fluid management is a critical part of every diagnostic and angiographic procedure. It minimizes the programming and installation costs. Entire workflow of fluid management system is automated, safe, digitized and online. The credit of the rising interest on the fluid management devices market could be given to an expansion in the quantity of social healthcare service providers.
Some of the major drivers of the market are- increase in the demand for minimally invasive procedures, introduction of novel fluid management system, increased government funding for healthcare, growing healthcare infrastructure. There has been a rise in the disposable incomes which leads to the growth of the healthcare industry. Lack of skilled labour and the high cost of surgical procedures are some restraints of the fluid management market.
Fluid Management Market Forecast Report (2018-2023)
Global Fluid Management Systems Market was worth USD 10.51 billion in 2018 and estimated to be growing at a CAGR of 5.8%, to reach USD 13.93 billion by 2023.
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Fluid Management Market Segmentation
In this report, the market is segmented on the basis of product and application. Based on product type, the market is segmented into fluid management system and fluid management disposables & accessories. The fluid management systems market accounted for the largest share of the global market in 2016 and covers integrated and standalone fluid management system. Within the fluid management systems market, the standalone fluid management systems segment accounted the largest share of the fluid management systems market. Standalone fluid management systems are less expensive as compared to integrated systems. On the basis of applications, the market is categorized into urology, gastroenterology, laparoscopy, gynecology/ obstetrics, bronchoscope, arthroscopy, cardiology, neurology, otoscopy, dentistry and anesthesiology.
On the basis of geography, the global fluid management market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America accounted for the largest share of the market followed by Europe. Asia-Pacific is expected to register a high CAGR over the forecast period.
The major companies dominating this market for its products and services are
- Fresenius Medical Care AG & Co.
- KGaA (Germany),
- Baxter International, Inc. (U.S.),
- B. Braun Melsungen AG (Germany),
- Ecolab, Inc. (U.S.),
- Zimmer Biomet Holdings Inc. (U.S.)
- Cardinal Health, Inc. (U.S.).
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