Global Fluid Management Systems Market Size, Trends, and Growth Opportunity, By Product Type (Fluid Management Disposables, Fluid Management Systems, and Accessories), Application (Urology, Gastroenterology, Laparoscopy, Gynecology/Obstetrics, Neurology, Otoscopy, Dentistry, Anesthesiology, Bronchoscopy, Arthroscopy, Cardiology, Other Applications) By Region and forecast till 2030.
Report ID : IR1002025 | Industries : Healthcare | Published On :June 2024 | Page Count : 241
Global Fluid Management Systems Market Size, Trends, and Growth Opportunity, By Product Type (Fluid Management Disposables, Fluid Management Systems, and Accessories), Application (Urology, Gastroenterology, Laparoscopy, Gynecology/Obstetrics, Neurology, Otoscopy, Dentistry, Anesthesiology, Bronchoscopy, Arthroscopy, Cardiology, Other Applications) By Region and forecast till 2030.
Global Fluid Management Systems Market
Global Fluid Management Systems Market was valued at USD 9.95 billion in 2022 and is slated to reach USD 32.10 billion by 2030 at a CAGR of 15.77 % from 2023-2030.
Systems for managing body fluids are frequently employed to regulate and keep an eye on their levels during a variety of medical procedures. These systems aid in keeping the body's required liquid levels stable. Systems for managing fluids offer features like filtration, warming, irrigating, and monitoring deficits. Numerous medical specialties, including neurology, urology, cardiology, gastroenterology, and laparoscopy, frequently employ these systems.
Market Drivers
The demand for fluid management systems has increased globally as a result of numerous new product launches and acquisitions by significant market players. The system is designed to manage liquids during hysteroscopic procedures. The market expands as a result of this factor. A significant market trend is the rate of acquisitions increasing. For instance, in 2022, the United States Food and Drug Administration (U.S. FDA) approved the Bodyport cardiac scale for fluid management assessment. Patients with fluid management conditions like kidney disease and heart failure can use the Cardiac Scale solution to non-invasively measure their cardiac function and fluid status in the same step as they would for weight. Market Restraints
Anesthetic drugs have several side effects that restrict their market. Market expansion is hampered by conditions like lingering epithelial defects, stromal/ring infiltrates, superficial punctate keratitis, corneal edema, endothelial damage, and ocular inflammation. This constraint prevents market growth.
Impact of COVID-19
The COVID-19 pandemic's outbreak has sparked a rush to create both therapeutic and preventive medical devices. Numerous clinical trials are currently in progress as a result of the coronavirus's exponentially rising prevalence around the world. Clinical trial rates significantly increased as medical device manufacturers concentrated heavily on creating drugs and vaccines that could be used to diagnose and treat COVID-19. The pandemic's outbreak has increased the burden of chronic diseases, which has ultimately increased the demand for minimally invasive procedures. BMI among all youths has significantly increased during the COVID-19 lockdown, and the prevalence of overweight/obesity has significantly increased in China. As a result, it is anticipated that there will be an increase in demand for minimally invasive surgery equipment for cosmetic procedures. Fluid management systems in minimally invasive procedures generally aid in maintaining adequate tissue perfusion, oxygen delivery, and drug delivery. Such a scenario, therefore, suggests that the market will grow significantly during the pandemic.
Recent Developments
The XO Cross Support catheter platform from Transit Scientific received FDA approval for coronary use in April 2022. The platform is designed to facilitate wire exchange, direct the administration of saline or diagnostic contrast agents, and support the guidewire as it is inserted into the coronary or peripheral vasculature.
The Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters were the first and only ablation catheters authorized by the US Food and Drug Administration (FDA) to treat the rising prevalence of pediatric Atrioventricular Nodal Reentrant Tachycardia, according to a statement made by Medtronic plc in February 2022. (AVNRT).
Market Segmentation
Global Fluid Management Systems Market has been segmented By Product Type, Application. By Product Types such as Fluid Management Disposables, Fluid Management Systems, and Accessories. By Applications such as Urology, Gastroenterology, Laparoscopy, Gynecology/Obstetrics, Neurology, Otoscopy, Dentistry, Anesthesiology, Bronchoscopy, Arthroscopy, Cardiology, and Other Applications.
Regional Analysis
Global Fluid Management Systems Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the rising demand for minimally invasive surgeries and the expansion of the healthcare infrastructure, Asia-Pacific is anticipated to grow the fluid management systems market during the forecast period. Additionally, expanding endoscopic camera research initiatives, particularly in Japan within this region, support the market's expansion. Because of its high medical reimbursement rates and rapid technological advancement, North America is expected to dominate the market. The market expands as a result of rising demand for shorter hospital stays in the local area.
Key Players
This report includes a list of numerous Key Players, namely F. Hoffmann-La Roche Ltd. (Switzerland), Mylan N.V. (U.S.), Sanofi (France), G.E. Healthcare (U.K.), Baxter (U.S.), Zimmer Biomet (U.S.), Olympus Corporation (Japan), Richard Wolf GmbH (Germany), Teva Pharmaceutical Industries Ltd. (Israel), KARL STORZ(Germany), Fluid Management Systems, Inc (U.S.).
Market Taxonomy
By Product Type
• Fluid Management Systems
• Integrated fluid management system
• Standalone fluid management system
• Dialyzers
• Insufflators
• Suction/evacuation and irrigation systems
• Fluid waste management systems
• Fluid warming systems
• Others
• Fluid Management Disposables
• Cannulas
• Catheters
• Valves
• Connectors
• Fittings
• Suction canisters
• Bloodline
• pressure monitoring lines
• Pressure transducers
• Tubing sets
• Others
• Accessories
By Application
• Urology
• Gastroenterology
• Laparoscopy
• Gynecology/Obstetrics
• Bronchoscopy
• Arthroscopy
• Cardiology
• Neurology
• Otoscopy
• Dentistry
• Anesthesiology
• Other Applications
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Fluid Management Systems 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 Systems 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 and 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 Systems Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Fluid Management Systems Market Share Analysis, By Product Type
5.3 Global Fluid Management Systems Market Size and Forecast, By Product Type
5.3.1 Fluid Management Systems
5.3.2 Integrated fluid management system
5.3.3 Standalone fluid management system
5.3.4 Dialyzers
5.3.5 Insufflators
5.3.6 Suction/evacuation and irrigation systems
5.3.7 Fluid waste management systems
5.3.8 Fluid warming systems
5.3.9 Others
5.3.10 Fluid Management Disposables
5.3.11 Cannulas
5.3.12 Catheters
5.3.13 Valves
5.3.14 Connectors
5.3.15 Fittings
5.3.16 Suction canisters
5.3.17 Bloodline
5.3.18 pressure monitoring lines
5.3.19 Pressure transducers
5.3.20 Tubing sets
5.3.21 Others
5.3.22 Accessories
6 Global Fluid Management Systems Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Fluid Management Systems Market Share Analysis, By Application
6.3 Global Fluid Management Systems Market Size and Forecast, By Application
6.3.1 Urology
6.3.2 Gastroenterology
6.3.3 Laparoscopy
6.3.4 Gynecology/Obstetrics
6.3.5 Bronchoscopy
6.3.6 Arthroscopy
6.3.7 Cardiology
6.3.8 Neurology
6.3.9 Otoscopy
6.3.10 Dentistry
6.3.11 Anesthesiology
6.3.12 Other Applications
7 Global Fluid Management Systems Market, By Region
7.1 Global Fluid Management Systems Market Share Analysis, By Region
7.2 Global Fluid Management Systems Market Share Analysis, By Region
7.3 Global Fluid Management Systems Market Size and Forecast, By Region
8 North America Fluid Management Systems Market Analysis and Forecast (2022-2030)
8.1 Introduction
8.2 North America Fluid Management Systems Market Share Analysis, By Product Type
8.3 North America Fluid Management Systems Market Size and Forecast, By Vessel
8.4 North America Fluid Management Systems Market Size and Forecast, By Application
8.5 North America Fluid Management Systems Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9Europe Fluid Management Systems Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Fluid Management Systems Market Share Analysis, By Product Type
9.3 Europe Fluid Management Systems Market Size and Forecast, By Vessel
9.4 Europe Fluid Management Systems Market Size and Forecast, By Application
9.5 Europe Fluid Management Systems Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.5.4. Rest of Europe
10Asia Pacific Fluid Management Systems Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Fluid Management Systems Market Share Analysis, By Product Type
10.3 Asia Pacific Fluid Management Systems Market Size and Forecast, By Vessel
10.4 Asia Pacific Fluid Management Systems Market Size and Forecast, By Application
10.5 Asia Pacific Fluid Management Systems Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11Latin America Fluid Management Systems Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Fluid Management Systems Market Share Analysis, By Product Type
11.3 Latin America Fluid Management Systems Market Size and Forecast, By Vessel
11.4 Latin America Fluid Management Systems Market Size and Forecast, By Application
11.5 Latin America Fluid Management Systems Market Size and Forecast, Country
11.5.1. Brazil
11.5.2.Rest of Latin America
12Middle East Fluid Management Systems Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Fluid Management Systems Market Share Analysis, By Product Type
12.3 Middle East Fluid Management Systems Market Size and Forecast, By Vessel
12.4 Middle East Fluid Management Systems Market Size and Forecast, By Application
12.5 Middle East Fluid Management Systems Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4. Kuwait
12.5.5. South Africa
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 F. Hoffmann-La Roche Ltd. (Switzerland)
14.1.1 Overview
14.1.2 Products
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Mylan N.V. (U.S.)
14.2.1 Overview
14.2.2 Products
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
11.2.6 Key Strategies
14.3. G.E. Healthcare (U.K.)
14.3.1 Overview
14.3.2 Products
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Baxter (U.S.)
14.4.1 Overview
14.4.2 Products
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Zimmer Biomet (U.S.)
14.5.1 Overview
14.5.2 Products
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Olympus Corporation (Japan)
14.6.1 Overview
14.6.2 Products
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Richard Wolf GmbH (Germany)
14.7.1 Overview
14.7.2 Products
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Teva Pharmaceutical Industries Ltd. (Israel)
14.8.1 Overview
14.8.2 Products
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 KARL STORZ(Germany)
14.9.1 Overview
14.9.2 Products
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Fluid Management Systems, Inc (U.S.).
14.10.1 Overview
14.10.2 Products
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies