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Fluid Management Systems Market to grow further up to USD 30.6 billion by 2031 | Baxter International Inc., Cardinal Health, Inc., B. Braun Melsungen AG

09-13-2023 09:29 PM CET | Health & Medicine

Press release from: Global Insight Services

Fluid Management Systems Market to grow further up to USD 30.6

New York, The global fluid management systems market was valued at USD 8.9 billion in 2021 and it is anticipated to grow further up to USD 30.6 billion by 2031, at a CAGR of 13.1% during the forecast period.

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Maintaining appropriate fluid levels in the body involves either administering intravenous fluids or doing procedures like dialysis. Important components of the fluid management system include perioperative fluid management, postoperative fluid management, endoscopic fluid management, management of fluid levels in critically ill patients, fluid management in chronic kidney diseases, and IV treatments for dehydration brought on by diarrhea and vomiting.

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Market Trends and Drivers
Minimally invasive procedures have a number of benefits over open procedures, including less postoperative problems, quicker hospital stays, and lower chances of surgical site infections. Numerous minimally invasive procedures are considered outpatient procedures, meaning the patient is not required to spend the night in a hospital. By choosing minimally invasive procedures over open surgery for routine procedures on the appendix, colon, and lungs, hospitals in the US could collectively avoid thousands of post-surgical complications and save between USD 280 and 340 million each year.

In numerous nations around the world, health insurance providers are progressively covering minimally invasive surgeries. Many patients and doctors choose minimally invasive operations over other surgical treatments due to their benefits. As of 2017, more than 7.5 million surgical and minimally invasive cosmetic treatments were carried out in the US; this number is expected to increase by 2% a year (Source: American Association of Pharmaceutical Scientists). The need for fluid management systems and accessories is also anticipated to increase as the number of minimally invasive cancer treatments increases.

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Global Fluid Management Systems Market Segmental Overview
The report analyses the global fluid management systems market based on product, application, end user, and regions.

Global Fluid Management Systems Market by Product

Based on product, it is segmented into systems and disposables & accessories. The systems segment accounted for the largest market share during the forecast period. The Dominant share of this segment can be attributed to the high cost of fluid management systems compared to accessories & consumables.

Major Players in the Global Fluid Management Systems Market
The key players studied in the global fluid management systems market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Stryker Corporation (US), Olympus Corporation (Japan), 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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With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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