Fluid Management Devices Market CAGR 11.3% from 2022 to 2031 | North America is expected to dominate by 2031

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 study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

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
Hologic Inc.

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Market Segmentation:

Product Type:
a. Infusion Systems: Including volumetric infusion pumps, syringe pumps, ambulatory infusion pumps, and insulin pumps used for accurate delivery of fluids and medications.
b. Dialyzers: Used in hemodialysis procedures to filter blood and remove waste products.
c. Fluid Warming Systems: Devices used to warm intravenous fluids to prevent hypothermia during infusion.
d. Suction and Irrigation Systems: Devices for surgical suction and irrigation during procedures.
e. Fluid Management Disposables and Accessories: Including various catheters, tubing sets, and other disposable components used in fluid management.

Application:
a. Urology: Fluid management devices used in urological procedures like kidney stone removal, urinary tract surgeries, and bladder irrigation.
b. Gastroenterology: Devices used in procedures related to the gastrointestinal system, such as endoscopy, colonoscopy, and gastric drainage.
c. Laparoscopy: Fluid management devices used in minimally invasive surgical procedures like laparoscopy and thoracoscopy.
d. Gynecology/Obstetrics: Devices used in gynecological surgeries and obstetric procedures, such as hysteroscopy and amniocentesis.
e. Cardiology: Fluid management devices used during cardiac surgeries and procedures like pericardiocentesis and cardiac catheterization.
f. Others: This may include various other applications, such as orthopedic procedures, critical care, and wound management.

End-user:
a. Hospitals and Clinics: Healthcare facilities that perform various surgical and medical procedures requiring fluid management devices.
b. Ambulatory Surgical Centers (ASCs): Outpatient facilities where minimally invasive surgeries are performed.
c. Home Healthcare: Fluid management devices used in home settings for patients requiring long-term fluid management or infusion therapy.

Region:
a. North America: Includes the United States and Canada.
b. Europe: Includes countries within the European Union and other European nations.
c. Asia-Pacific: Includes countries in the Asia-Pacific region, such as China, Japan, India, and Australia.
d. Latin America: Includes countries in Central and South America.
e. Middle East & Africa: Includes countries in the Middle East and African regions.

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Regional Growth Dynamics:

North America generated more than one-third of the global fluid management devices market revenue in 2021, and is expected to dominate by 2031. The growth of the market across North America is driven by various factors such as the increasing number of manufacturers of fluid management devices, advancements in healthcare technology, and a rise in the prevalence of chronic diseases such as cancer. Asia-Pacific, however, would showcase the fastest CAGR of 12.1% from 2022 to 2031. The marker growth across Asia-Pacific is driven by factors such as increased government expenditure on healthcare, a rise in chronic illnesses, and a surge in the aging population.

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