The fluid management systems market is projected to reach USD 12.47 Billion by 2021 from USD 9.39 Billion in 2016, at a CAGR of 5.8% during the forecast period. Factors such as increasing number of minimally invasive surgeries, technological advancements in fluid management system, and increase in government funds and grants worldwide for endosurgical procedures are driving the market.
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Based on the product type, the fluid management systems and accessories is segmented into fluid management systems and fluid management disposables & accessories. In 2015, the fluid management systems accounted the largest share of the market. The large share of this segment is mainly attributed to rising number of minimally invasive surgeries and high adoption of these systems in hospitals.
Furthermore, the fluid management systems segment is sub-divided into integrated fluid management systems and standalone fluid management systems. The standalone systems accounted the largest share of fluid management systems in 2015. The large share of this segment is mainly attributed to the increase in geriatric population, increase in the number of end-stage kidney patients and high adoption of these systems in hospitals over integrated fluid management systems. Among application segments, urology accounted the largest share while, laparoscopy is growing with the highest CAGR.
Geographically, the global market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America, comprising the U.S. and Canada, accounted for the largest share of the global market in 2015. The large share of this region can be attributed to the growth in aging and chronically ill population, increasing number of minimally invasive surgeries, growth in the number of dialysis centers, rising usage of single-use disposable accessories, and advancements in technologies.
