Press release
Fluid Management Systems Market worth $16.1 Billion by 2025 - Leading Key Players are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Cardinal Health, Inc. (US), Stryker Corporation (US)
Fluid Management Systems Market
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The Growth in this fluid management accessories market is driven by the increasing number of minimally invasive surgeries, increasing ESRD patient base, technological advancements in fluid management systems, and an increase in government funds and grants worldwide for endosurgical procedures, rising number of hospitals, and investments in endoscopy and laparoscopy facilities are driving the market. The untapped potential in emerging markets and the rising use of single-use disposable devices and accessories are also expected to offer growth opportunities for players operating in the fluid management systems and accessories market.
The COVID-19 pandemic has resulted in a global healthcare crisis, causing a shift in healthcare delivery in most regions. Most nations across the globe declared some form of lockdown. Most non-essential procedures and in-hospital therapies such as elective surgeries were deferred in the first half of 2020 to prevent the spread of the infection and ease the toll on healthcare infrastructure. We estimate that the effect of COVID-19 on the fluid management systems market is negative in 2020. However, this impact was temporary. In Q3 and Q4 of 2020, to normalize the overall economy and health system, regulatory bodies allowed elective surgeries to be performed in developed countries like Germany, the UK, and the US. This boosted the demand for surgical devices in the second half of 2020, bringing down the overall negative impact to 20–30%.
The accessories and disposables segment is expected to grow at the highest CAGR during the forecast period
By product, the fluid management 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 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.
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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 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.
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Asia Pacific is expected to account for the highest CAGR for players operating in the fluid management systems market
The Asia Pacific fluid management 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 market in Japan, Japan's Revitalization Strategy, penetration of key players into China's fluid management systems 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 market in the Asia Pacific.
The prominent players in this fluid management systems and accessories 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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