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Global Fluid Management Devices Market: Growth, Trends, and Key Players Analysis | registering a CAGR of 11.3% - 2031.

07-31-2023 01:47 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Global Fluid Management Devices Market: Growth, Trends, and Key

Market Growth: According to the report, the global fluid management devices industry was estimated at $4.56 billion in 2021, and is anticipated to hit $13.29 billion by 2031, registering a CAGR of 11.3% from 2022 to 2031. The fluid management devices market has been experiencing steady growth in recent years.

Application Areas: Fluid management devices are used in various medical specialties such as orthopedics, gastroenterology, urology, gynecology, cardiology, and others. They find applications in surgical procedures, diagnostic tests, and post-operative care.

Minimally Invasive Procedures: The increasing adoption of minimally invasive surgical procedures is driving the demand for fluid management devices. These devices help maintain fluid balance, monitor pressure, and ensure precise fluid delivery during minimally invasive surgeries.

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Market Segmentation

Product Type:

a. Fluid Management Systems: This segment includes complete fluid management systems that consist of pumps, tubing sets, and containers for the collection, measurement, and delivery of fluids.
b. Fluid Management Disposables and Accessories: It comprises disposable components and accessories used in fluid management, such as fluid waste management systems, pressure monitoring lines, catheters, valves, connectors, and suction canisters.
c. Standalone Fluid Management Devices: This category includes standalone devices, such as fluid warmers, fluid analyzers, and fluid infusion pumps, used for specific fluid management purposes.

Application Area:

a. Orthopedics: Fluid management devices are used in orthopedic procedures, including joint replacements, arthroscopy, and fracture repairs.
b. Gastroenterology: They find application in gastrointestinal procedures, such as endoscopy, colonoscopy, and gastrointestinal surgeries.
c. Urology: Fluid management devices are used in urological procedures like cystoscopy, lithotripsy, and prostate surgeries.
d. Gynecology: These devices are utilized in gynecological surgeries, hysteroscopy, and laparoscopy procedures.

End User:

a. Hospitals: Hospitals are the primary end users of fluid management devices due to their high patient volume and comprehensive healthcare facilities.
b. Ambulatory Surgical Centers: These outpatient surgical facilities use fluid management devices for various procedures performed outside of a hospital setting.
c. Specialty Clinics: Specialized clinics, such as gastroenterology clinics, urology clinics, and orthopedic clinics, also utilize fluid management devices for specific procedures.

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Key players in the industry-

Olympus Corporation
Conmed corporation
Baxter international Inc.
Medtronic Plc.
Cardinal Health
Stryker Corporation
Karl Storz se and co. kg.
Bonvisi
Fresenius Medical Care

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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