This
report aims to provide detailed insights into the global fluid management
system market. It provides valuable information on the type, procedure,
application, and region in the market. Furthermore, the information for these
segments, by region, is also presented in this report. Leading players in the
market are profiled to study their product offerings and understand the
strategies undertaken by them to be competitive in this market.
Expected Revenue Growth:
The global fluid management system market
is projected to reach USD 16.1 billion by 2025 from USD 8.5 billion in 2020, at
a CAGR of 13.6% during the forecast period.
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Key Factors Driving Market Growth:
The Growth in this fluid management
market is driven by the increasing number of minimally invasive surgeries,
increasing ESRD patient base, technological advancements in fluid management
systems, and an increase in government funds and grants worldwide for
endosurgical procedures, rising number of hospitals, and investments in
endoscopy and laparoscopy facilities are driving the market. The untapped
potential in emerging markets and the rising use of single-use disposable
devices and accessories are also expected to offer growth opportunities for
players operating in the fluid management systems and accessories market.
The accessories and disposables segment
is expected to grow at the highest CAGR during the forecast period
By product, the fluid management market is segmented into systems and
accessories and disposables. The accessories and disposables s segment is
expected to register the highest CAGR during the forecast period. The high
growth of this segment can be attributed to the repeated purchase of
accessories and disposables and an increasing number of minimally invasive
surgeries.
The standalone fluid management systems
segment is expected to account for the largest share of the fluid management
systems and accessories market
By type, the fluid management system market is segmented into standalone
fluid management systems and integrated fluid management systems. The
standalone fluid management systems segment accounted for the largest share of
the market in 2019. Standalone fluid management systems are less expensive than
integrated systems. This is a major factor contributing to the high adoption of
these products in hospitals, especially in developing countries.
The laparoscopy application segment is
expected to grow at the highest CAGR during the forecast period
Based on application, the fluid management systems and accessories market
is categorized into urology and nephrology, gastroenterology,
gynecology/obstetrics, laparoscopy, bronchoscopy, cardiology, arthroscopy,
otoscopy, dentistry, neurology, and other applications. The laparoscopy
application segment is expected to register the highest CAGR during the
forecast period. Growth in this application segment is mainly due to the
growing shift towards minimally invasive procedures, which, in turn, boosts the
number of laparoscopic surgeries performed worldwide.
Asia Pacific is expected to account for
the highest CAGR for players operating in the fluid management system market
The Asia Pacific fluid management market is expected to grow at the highest
CAGR from 2020 to 2025. Factors such as the favorable environment for the
growth of the market in Japan, Japan’s Revitalization Strategy, penetration of
key players into China’s fluid management system market, increasing
infrastructure to support minimally invasive procedures in India, and growth of
medical tourism and number of hospitals in Asian countries have contributed to
the rapid growth of the market in the Asia Pacific.
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The prominent players in this fluid management market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Cardinal Health, Inc. (US), Stryker Corporation (US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), 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).