Endoscopy Fluid Management Systems Market is anticipated to expand at a CAGR of 7.2% over the forecast period 2021–2028

Laparoscopy Suction Irrigation Pumps are likely to remain the top selling product type, whereas developing economies are projected to demonstrate impressive revenue growth in coming years.

Top 3 Insights from Key Players Analysis

• While a majority of companies are focusing on new product launches, strategic mergers and acquisitions are likely to emerge the most profitable developmental decisions in the near future.

• Most of these strategic moves will be primarily directed to address the high price point pressure associated with endoscopy fluid management systems that often affects revenue growth in developing economies.

• Major hospital networks in developed regional markets are witnessing M&A between hospitals, which is likely to shape costing of medical devices such as endoscopy fluid management systems – eventually slashing down the profitability margins of manufacturers.

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“Constantly increasing chronic disease instances, coupled with immense technological advances in the field of endoscopy, is prominently driving the US$ 342 Million market for endoscopy fluid management systems (or irrigation pumps) in recent years,” says a senior research analyst at the company.

Top 5 Insights from Segmental Analysis

• With maximum use in laparoscopic procedures, endoscopy fluid management systems continue to register maximum revenue generation through sales of laparoscopy suction irrigation pumps, followed by laparoscopy fluid management systems.

• Based on the modality of endoscopy fluid management systems, the Benchtop holds a substantial market value share.

• Hospitals register the highest consumption of endoscopy fluid management systems.

• Owing to a massive number of cancer survivors in the US, North America’s market for endoscopy fluid management systems is currently accounting for the largest revenue share in the global landscape, followed by Asia Pacific and Europe.

• MEA and Latin America are likely to represent a significant incremental opportunity, according to FMI study.

Competitive Landscape

The competition section features profiles of the key players operating in the endoscopy fluid management systems market based on their market shares, differential strategies, product offerings and marketing approaches. Some of the key players featured in this report include

• Karl Storz GmbH & Co KG
• Olympus Corporation
• Richard Wolf GmbH
• Smith & Nephew
• Stryker Corporation
• DePuy Synthes (Johnson & Johnson Services, Inc.)
• Cantel Medical Corporation
• Medtronics Plc.
• B. Braun Medical Inc.
• Hologic Inc.

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Key manufacturers of endoscopy fluid management systems are focusing on novel marketing strategies to increase their product penetration. Companies offering point-of-care endoscopy fluid management systems are concentrating on price floor strategies and offering their products with lucrative discounts.

Additional Questions Answered

Some of the additional questions addressed in this report on the endoscopy fluid management systems market include,

• What is the revenue potential of the endoscopy fluid management systems market in North America and Europe?

• Who are the key competitors and what are their portfolios in the endoscopy fluid management systems market?

• What are major challenges influencing the growth of the endoscopy fluid management systems market?

• How is intervention from regulatory authorities impacting the endoscopy fluid management systems market growth?

Healthy Year over Year Revenue Growth Projected for Asia Pacific

APAC has become the hotspot for leading medical device companies, which is further intensified by dramatically growing medical tourism sector. Across APAC, Japan is likely to account for substantial revenue generation, enabling the regional market secure second spot in the global endoscopy fluid management systems landscape. FMI projects over 7% year on year revenue growth in 2020 and beyond, for this regional market.

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Government Regulations Favor Market Growth in Latin America

Latin American market for endoscopy fluid management systems is thriving at a promising pace owing to favorable government initiatives regarding endoscopic procedures and medical device marketing. Noteworthy demand for laparoscopy suction irrigation pumps within the region is identified to be responsible for the rapid revenue growth of endoscopy fluid management systems marketplace across Latin America.

Egypt’s End Users Drive Market Growth in MEA

The market for endoscopy fluid management systems in MEA is prominently driven by the improving regulatory landscape related to the marketing of medical devices, pushed further by impressive sales of laparoscopy suction irrigation pump based endoscopy fluid management systems. FMI spots higher market attractiveness in Egypt owing to the presence of a large number of end users. However, poor operational environment still remains a major growth barrier for the region.

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Segmentation
The report offers a comprehensive taxonomy of the endoscopy fluid management systems market based on product type, end user, modality and region. Endoscopy fluid management systems are used for various types of endoscopic surgeries such as hysteroscopy and laparoscopy.. End-user segments in the endoscopy fluid management systems market include hospitals, ambulatory surgical centers and other end users, such as specialty clinics & diagnostic centers.
From a regional perspective, the endoscopy fluid management systems market has been analyzed across North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

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