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Fluid Management Systems Market Top Competitors (ACACIA, ALCOR SCIENTIFIC, B BRAUN MELSUNGEN AG, CAREFUSION CORPORATION, ANIMAS CORPORATION, BAXTER HEALTHCARE CORPORATION)

09-25-2018 05:03 PM CET | Health & Medicine

Press release from: Market Prognosis

Fluid Management Systems Market Highlights
The global fluid management systems market is estimated to witness a high CAGR during the forecast period. Fluid management is an important part of every diagnostic and interventional angiographic procedure.

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Rise in the Number of Minimally Invasive Surgery Procedures
Technological advancements in surgeries have made them easier and more efficient. Laparoscopy procedures have become more popular in recent times. This procedure took a long time to be widely accepted as a gold standard in this market. However, with the increasing success of laparoscopy over the past decade, there has been an increasing preference for surgical procedures to be less-invasive. It is now considered as a safe procedure for treating obesity as well. New minimally invasive surgery procedures have been developed and adapted into treatment modalities for various surgeries. Hence, these increasing minimally invasive surgery procedures are driving the fluid management systems market. Other factors, such as increase in funds across the globe for endosurgical procedures, rising incidences of digestive, respiratory, neural & reproductive system related diseases, and favorable reimbursement policies are boosting the market.

Key Developments in the Market
• December 2017: Roche and Ignyta made a definitive merger agreement.
• July 2017: Baxter had acquired the Claris Injectables.

Major Players:
ACACIA, INC., ALCOR SCIENTIFIC, INC., B BRAUN MELSUNGEN AG, CAREFUSION CORPORATION, ANIMAS CORPORATION, BAXTER HEALTHCARE CORPORATION, MEDTRONIC, ROCHE, and STRYKER INSTRUMENTS, amongst others.

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Lack of Skilled Labor/Surgeons
Fluid management plays an integral part in the overall surgical therapy. Proper administration of fluids is critical, especially in patients who undergo major surgeries, such as emergency laparotomies, bowel resections, and hepatectomy procedures. Therefore, surgeons must be aware of the pros and cons of current fluid management strategies and their effects on surgical outcome. Lack of skilled surgeons is one of the main restraints in this market. Many developed and underdeveloped countries lack the essential infrastructure to meet this issue. A classic example is Africa, where skilled surgeons are extremely low in number due to lack of training programs. Africa has a huge deficiency in the number of healthcare workers; one surgeon for every 2.5 million Africans in rural areas; 10 fully trained surgeons for a population of 6 million in Sierra Leone. Malawi has 21 district hospitals, without a single permanent surgeon. The lack of skilled labor and expensive surgical procedures are restraining the market growth of fluid management systems.

US has the Highest Market Share
In North America, the United States is dominating the fluid management systems market due to the advancement in technology, increasing aging and ill population, rising number of minimally invasive surgeries, and growth in the number of dialysis centers. Asia-Pacific is expected to record substantial growth during the forecast period.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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