Global Fluid Management Devices Market by Product Type (Fluid management systems and Fluid management accessories), by Application (Urology, Hysteroscopy, Laparoscopy, Arthroscopy, and Other), by End User (Hospitals, Clinics, and Others), and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2027
Report ID : IR1001956 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 234
Global Fluid Management Devices Market by Product Type (Fluid management systems and Fluid management accessories), by Application (Urology, Hysteroscopy, Laparoscopy, Arthroscopy, and Other), by End User (Hospitals, Clinics, and Others), and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2027
Global Fluid Management Devices Market
Global Fluid Management Devices Market was valued at USD 4 billion in 2021 which expected to reach USD 24.3 billion by 2027, at a CAGR 35.8% from 2022-2027.
Using technology and cutting-edge equipment, fluid management systems assist nursing and medical professionals in meeting patients' needs for bodily fluids based on their conditions. Bodily fluids are crucial parts of all living things because the body needs them in specific amounts to function as it should. These include bodily fluids that are produced and circulated either inside or externally, such as milk, saliva, lymph, and blood. Fluid management is a complex topic that should only be handled by a licenced or qualified medical professional due to its variety.
Market Driver
Increased financial support for the healthcare sector anticipated to drive the market growth during the forecast period. Due to rising investments in the healthcare industry and its associated systems, devices, and equipment, the global market for fluid management systems is anticipated to expand. The field has seen increased technological breakthroughs as a result of these expenditures. For instance, the advancement of minimally invasive and immersive technology may further push the global industry. The number of medical procedures performed each year has multiplied due to rising medical cases and substantially greater accessibility to healthcare, which raises the demand for ancillary equipment.
Market Restraints
High cost of the laparoscopy is one minimally invasive surgery, which in some ways restrains market expansion during the forecast period. The high cost of healthcare, particularly in undeveloped or underdeveloped countries where the majority of people lack access to affordable, high-quality care for the management of specific diseases. For instance, the average cost of brain surgery in the US is USD 6000.
Market Segmentation
Global Fluid Management Devices Market is segmented into Product Type such as Fluid management systems and Fluid management accessories. The Market is divided into application such as Urology, Hysteroscopy, Laparoscopy, Arthroscopy, and Other. The market is segmented into End User such as Hospitals, Clinics, and Others.
COVID-19 Impact
The COVID-19 pandemic outbreak has sparked a rush to create both curative and preventive technologies in the medical technology industry. Many clinical trials are under underway as a result of the coronavirus's exponentially rising prevalence throughout the world. The rate of clinical trials significantly increased as a result of the medical device manufacturers' intense focus on creating medications and vaccines that may be used to diagnose and treat COVID-19
Regional Analysis
Global Fluid Management Devices Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America among the region estimated to hold the major market share during the forecast period, owing to the high demand for such systems in the healthcare sector of the region. As the per capita spending capacity of the population in countries such as the US and Canada is high, more operational procedures are carried out in these areas.
Growth in Europe may be driven by the presence of excellent medical reimbursement policies and medical care benefits provided by the regional governments.
Key Development
In April 2022, Transit Scientific announced that the FDA had approved the use of its XO Cross Support catheter platform for coronary procedures. The platform's functions include allowing for wire exchange, guiding the delivery of saline or diagnostic contrast chemicals, and supporting the guidewire when it is inserted into the coronary or peripheral arteries.
In February 2022, the Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters were the first and only ablation catheters authorised by the US Food and Drug Administration (FDA) to treat the rising prevalence of paediatric Atrioventricular Nodal Reentrant Tachycardia, according to a statement released by Medtronic plc.
Key Players
Various key players are listed in the Global Fluid Management Devices Market including- Stryker Corporation, Comeg Medical Technologies, Olympus Corporation, Fujifilm Holdings Corporation, Hologic, Inc., Baxter International Inc., Thermedx, LLC, Cardinal Health, Inc., Ecolab Inc., Medtronic Plc, Conmed Corporation, and Smith & Nephew Plc, Arthrex, Inc.
Market Taxonomy
By Product Type
• Fluid management systems
• Fluid management accessories
By Application
• Urology
• Hysteroscopy
• Laparoscopy
• Arthroscopy
• Other
By End User
• Hospitals
• Clinics
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Fluid Management Devices Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Fluid Management Devices Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Fluid Management Devices Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Fluid Management Devices Market Share Analysis, By Product Type
5.3 Global Fluid Management Devices Market Size and Forecast, By Product Type
5.3.1. Fluid management systems
5.3.2. Fluid management accessories
6 Global Fluid Management Devices Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Fluid Management Devices Market Share Analysis, By Application
6.3 Global Fluid Management Devices Market Size and Forecast, By Application
6.3.1 Urology
6.3.2. Hysteroscopy
6.3.3. Laparoscopy
6.3.4. Arthroscopy
6.3.5. Otther
7 Global Fluid Management Devices Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Fluid Management Devices Market Share Analysis, By End User
7.3 Global Fluid Management Devices Market Size and Forecast, By End User
7.3.1. Hospitals
7.3.2. Clinics
8 Global Fluid Management Devices Market, By Region
8.1 Global Fluid Management Devices Market Share Analysis, By Region
8.2 Global Fluid Management Devices Market Size and Forecast, By Region
9 North America Fluid Management Devices Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Fluid Management Devices Market Share Analysis, By Product Type
9.3 North America Fluid Management Devices Market Size and Forecast, By Application
9.4 North America Fluid Management Devices Market Size and Forecast, By End User
9.5 North America Fluid Management Devices Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Fluid Management Devices Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Fluid Management Devices Market Share Analysis, By Product Type
10.3 Europe Fluid Management Devices Market Size and Forecast, By Application
10.4 Europe Fluid Management Devices Market Size and Forecast, By End User
10.5 Europe Fluid Management Devices Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Fluid Management Devices Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Fluid Management Devices Market Share Analysis, By Product Type
11.3 Asia Pacific Fluid Management Devices Market Size and Forecast, By Application
11.4 Asia Pacific Fluid Management Devices Market Size and Forecast, By End User
11.5 Asia Pacific Fluid Management Devices Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Fluid Management Devices Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Fluid Management Devices Market Share Analysis, By Product Type
12.3 Latin America Fluid Management Devices Market Size and Forecast, By Application
12.4 Latin America Fluid Management Devices Market Size and Forecast, By End User
12.5 Latin America Fluid Management Devices Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Fluid Management Devices Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Fluid Management Devices Market Share Analysis, By Product Type
13.3 Middle East Fluid Management Devices Market Size and Forecast, By Application
13.4 Middle East Fluid Management Devices Market Size and Forecast, By End User
13.5 Middle East Fluid Management Devices Market Size and Forecast, By Country
13.6.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Stryker Corporation,
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Comeg Medical Technologies
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Olympus Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Fujifilm Holdings Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Hologic, Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Baxter International Inc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Thermedx, LLC
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Cardinal Health, Inc.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Ecolab Inc.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Medtronic Plc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Conmed Corporation
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Smith & Nephew Plc.
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies