Fluid Management Market - Prominent Players in the Global Market Include AngioDynamics, Promed Group Co., Ltd, ICU Medical, Inc., CONTEC MEDICAL SYSTEMS CO.,LTD.

The global fluid management market was valued at over US$ 40 Bn in 2016 and is expected to expand at a CAGR of above 5% during the forecast period. Increase in incidence and prevalence of infectious and lifestyle diseases, rise in number of end- stage renal disease (ESRD) patients, and increase in prevalence of diabetes and hypertension are driving demand for dialysis treatment. Moreover, emergence of new generation sensors, single chip solutions, and new generation components supporting the design and architectures of dialysis machines; rapidly aging population with increase in co-morbidities; rise in health care expenditure; and adoption of novel technologies to treat diseases are responsible for the rise in generation of medical waste. These factors are estimated to boost the fluid management market in the near future. However, stringent regulatory requirements for the approval of medical devices and high cost of treatments such as endoscopic minimally invasive surgeries are likely to restrain the fluid management market.

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The global fluid management market can be segmented based on product, application, end-user, and geography. In terms of product, the global fluid management market can be catogerized into infusion therapy products, renal fluid management products, and endoscopic fluid management products. The infusion therapy products segment accounted for a prominent market share in 2016 due to rapidly increasing incidence of infectious and chronic diseases, rise in geriatric population, increase in spending capacity of patients on parenteral drug delivery systems, and rise in demand for next-generation infusion pumps. The renal products segment is expected to expand at a significant CAGR during the forecast period. This is attributable to increase in incidence of chronic kidney diseases, rise in demand for dialysis therapy, and rapid increase in number of dialysis centers across the world. For instance, according to a report by Fresenius SE & Co. KGaA, more than 3 million patients undergo dialysis treatment on a regular basis, either at a dialysis clinic or at home across the world. Moreover, increase in new product launches and strengthening distribution channels of leading players in emerging markets are expected to propel the market between 2017 and 2025.

Based on application, the global fluid management market can be segmented into urology, cardiology, orthopedic/osteology, neurology, oncology, gastroenterology, and others. The urology segment hold a dominant share of the global fluid management market owing to high usage of dialysis products for the purification of blood. The cardiology segment is estimated to expand at rapid pace owing to increase in number of minimally invasive cardiac surgeries and rise in prevalence of cardiac disorders. For instance, according to the World health Organization (WHO), more than 17 million people die due to cardiac diseases every year, out of which over 75% deaths occur in economically poor regions due to unaffordability of treatment.

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Based on end-user, the global fluid management market can be classified into hospitals, clinics, dialysis centers, home care settings, and others. The hospitals segment is dominating the global market. The dialysis centers and home care settings segments are projected to expand at a significant CAGR during the forecast period, owing to increase in number of dialysis centers and rise in adoption of home dialysis equipment.

In terms of geography, the global fluid management market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global fluid management market, owing to high usage of biomedical technologies and products, rapidly aging population, increasing health care expenditure, and presence of a large number of leading players in the region. Europe held a prominent share of the global fluid management market in 2016, owing to increasing prevalence of infectious and lifestyle diseases, rise in research and development activities, favorable reimbursement policies, adoption of advanced medical technologies leading to increased diagnosis and treatment of various diseases, and presence of a large number of health care waste generators in the region.

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Major players operating in the global fluid management market include Baxter, Fresenius SE & Co. KGaA, Nikkiso, Co., Ltd., C.R. Bard, Inc., Olympus Corporation, Ecolab Inc., Medtronic, Zimmer Biomet, BD, Smith & Nephew, Hospira, Inc., Animas Corporation, B. Braun Holding GmbH & Co. KG, Cardinal Health Inc., Stryker, Boston Scientific Corporation, Karl Storz GmbH, Richard Wolf GmBH, Asahi Kasei Medical Co. Ltd., Coloplast Group, and NIPRO Medical Corporation. Other prominent players in the global fluid management market include AngioDynamics, Promed Group Co., Ltd, ICU Medical, Inc., CONTEC MEDICAL SYSTEMS CO.,LTD, SWS Hemodialysis Care Co.,Ltd., Dialifegroup.com, and Medica S.p.A. The key players are expanding their product portfolio by applying strategies such as mergers and acquisitions, new product launches, and research and development activities.

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