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 systems, and increase in government funds and grants worldwide for endosurgical procedures are driving the fluid management systems market. Moreover, the untapped potential in emerging markets and rising use of single-use disposable devices and accessories are expected to offer growth opportunities for market players operating in the fluid management systems market.
The fluid management systems accounted the largest share of fluid
management systems market in 2015. Within the fluid management systems, the
integrated fluid management systems segment is expected to grow with the
highest CAGR. Integrated systems are highly multifunctional and are mostly used
to enable better and effective fluid management during critical surgical
procedures.
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The fluid management disposables and accessories segment is the fastest growing segment of the fluid management systems market during the forecast period. Rising usage of single-use disposable accessories and advancements in technologies are the factors driving this market. Furthermore, disposable accessories help reduce the risk of contamination from hazardous substances and ensure greater level of safety for patients and healthcare professionals. With these benefits, there is a growing trend towards the usage of disposable accessories to avoid risk of contamination due to body fluids and bloodborne pathogens and avoid further complications due to infections.
Within the application segment, laparoscopy segment is
projected to grow at the highest CAGR in the forecast period. Factors such as
rising prevalence of colorectal cancer, increasing use of laparoscopy for
bariatric surgeries, and technological advancements in laparoscopic instruments
are driving this market.
North America accounted for the largest share of
the fluid management systems market in 2015, followed by Europe, Asia-Pacific,
and the Rest of the World. However, Asia-Pacific is expected to grow with the
highest CAGR and is expected to contribute a greater share in the global market
in the coming years. A number of
factors, such as the rising geriatric population, increased patient awareness
for minimally invasive endosurgeries, rapid rise in the number of people
suffering from kidney disorders, growth in per capita income, increasing
investments in the healthcare industry by key market players, rising demand of
cutting-edge technologies in endosurgeries, and expansion of private-sector
hospitals in rural areas are expected to drive the growth of the Asia-Pacific
market during the forecast period.
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