Fluid Management Systems Market Size to Worth Around USD 18.3 Bn by 2027


Latest Study on “Fluid Management Systems Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.

The global Fluid Management Systems market size is expected to be worth around US$ 18.3 billion by 2027, according to a new report by nova one advisor.

The global Fluid Management Systems market size was valued at US$ 9.0 Billion in 2020 and is anticipated to grow at a CAGR of 14.2% during forecast period 2021 to 2027.

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Growth Factors:

The growth of this market is majorly driven by the increasing number of minimally invasive surgeries, technological advancements in fluid management systems, an increase in government funds and grants worldwide for endosurgical procedures, increasing ESRD patient base, and rising number of hospitals and investments in endoscopy and laparoscopy facilities. Emerging markets and single-use disposable devices and accessoires are expected to provide significant opportunities for providers of fluid management systems and accessories. On the other hand, the high cost of endosurgical procedures, a lack of awareness, and the dearth of sufficient surgeons may affect market growth negatively during the forecast period.


Driver: Rising number of minimally invasive surgeries

Compared to open surgeries, minimally invasive surgeries are associated with a wide range of advantages—fewer postoperative complications, shorter recovery periods (shorter hospital stay), and lower risks of surgical site infections. Many minimally invasive surgeries are considered outpatient surgeries in which the patient does not need to stay overnight in a medical facility. According to a blog published in Surgical Solutions, hospitals in the US could collectively prevent thousands of post-surgical complications and save around USD 280–340 million every year by opting for minimally invasive surgeries instead of open surgery for routine operations of the appendix, colon, and lungs.

Minimally invasive surgeries are also increasingly being covered by health insurance providers in various countries across the globe. Due to their advantages, many patients and physicians opt for minimally invasive surgeries over other surgical procedures. More than 7.5 million surgical and minimally invasive cosmetic procedures were performed in the US as of 2017; this is projected to rise by 2% per year (Source: American Association of Pharmaceutical Scientists).

The growing number of minimally invasive cancer treatment procedures can also be expected to contribute to the demand for fluid management systems and accessories.

Restraint:  High cost of endosurgical procedures

The cost of minimally invasive surgeries is higher than that of open surgeries due to the extensive use of specialized equipment and increased surgical time. The investment costs for endoscopic equipment are extremely high for most hospitals in developing countries. An HD colonoscopy system’s average price ranges between USD 100,000 and USD 120,000—an exceptionally high investment for healthcare providers in developing nations such as India, Brazil, and Mexico, who have lower financial resources to invest in sophisticated technologies. Also, personnel must be trained to handle and maintain endoscopy systems and equipment, adding to the operational cost for any endoscopy system acquired by the healthcare provider.

Owing to the high capital, training, and maintenance costs, endoscopy procedures are generally expensive. For instance, the average cost of a colonoscopy procedure ranges from USD 2,000–3,000 in many developing countries. Also, in most Asian countries, there is limited or no reimbursement for endoscopy procedures. The higher costs of endoscopic procedures typically prompt physicians and patients to opt for alternative, lower-priced methods, thereby limiting the adoption of endoscopic procedures across the world and affecting the growth of dependent industries such as fluid management systems and accessories.

Opportunity: Untapped potential in emerging markets

Emerging countries (such as China, India, South Korea, Brazil, and Mexico) offer significant growth opportunities to players operating in the global fluid management systems and accessories market. This can be attributed to the increasing public and private initiatives undertaken by market stakeholders across these countries, low regulatory barriers for trade, continuous improvements in healthcare infrastructure, growing patient population, rising healthcare expenditure, strengthening distribution networks of market leaders in these regions, and the rising medical tourism in these countries. The availability of high-quality surgical treatments at lower costs than developed markets has attracted many medical tourists.

Furthermore, the APAC accounts for the major portion of the global population; of 7.79 billion people (as of 2020-end), 4.66 billion live in the APAC. China and India contribute 30.9% and 29.6% of the APAC population, respectively. These countries are also home to a larger patient base for renal, respiratory, gastroenterological, and gynecological diseases.

Furthermore, the increase in disposable incomes and healthcare expenses in developing markets across the APAC and Latin America has made it easier for patients to access advanced treatments. These emerging markets are underpenetrated by major players, which indicates huge untapped market potential. Successful entry in these growing markets with suitable investment plans can ensure high growth for any global fluid management system provider.

The fluid management systems segment accounts for the largest share of the market, by product, in 2019

By product, the fluid management systems and accessories market is segmented into systems and disposables and accessories. The systems segment accounted for the largest market share in 2019. The dominant share this segment can be attributed to the high cost of fluid management systems compared to accessories & consumables.

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 grow at 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.

Hospitals end-user segment is expected to grow at the highest CAGR in the fluid management systems and accessories market during the forecast period

Based on end user, the global fluid management systems and accessories market is broadly segmented into hospitals, dialysis centers, ambulatory surgical centers, and other end users. The hospitals segment accounted for the largest market share in 2019 and is projected to register the highest CAGR during the forecast period.

The large share and high growth rate of this end-user segment can mainly be attributed to the large number of surgical procedures performed in these facilities.

North America is expected to account for the largest share of the fluid management systems and accessories market in 2019

In 2019, North America accounted for the largest share of the fluid management systems and accessories market, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is a lucrative and well-established market for fluid management systems and accessories. The growth in this market is majorly attributed to technological advancements, the presence of a favorable reimbursement scenario, rising incidence of diseases such as ESRD, cancer, and the greater adoption of advanced technologies in North America are the key factors driving the growth of the fluid management systems and accessories market in North America. The presence of a large number of global players in this region is another key factor contributing to the large share of this market segment.

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COVID-19 Impact on Fluid Management Systems Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Fluid Management Systems market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Fluid Management Systems market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Fluid Management Systems market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Fluid Management Systems market include:

Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Stryker Corporation (US), Olympus Corporation (Japan), 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).

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Fluid Management Systems and Accessories Market, by Product

  • Fluid Management Systems
    • Standalone Fluid Management Systems
      • Dialyzers
      • Insufflators
      • Suction/Evacuation and Irrigation Systems
      • Fluid Warming Systems
      • Fluid Waste Management Systems
      • Others
    • Integrated Fluid Management Systems
  • Fluid Management Disposables & Accessories
    • Catheters
    • Blood Lines
    • Tubing Sets
    • Pressure Monitoring Lines
    • Pressure Transducers
    • Valves, Connectors, and Fittings
    • Suction Canisters
    • Cannulas
    • Other Fluid Management Disposables & Accessories

Global Fluid Management Systems and Accessories Market, by Application

  • Urology and Nephrology
  • Laparoscopy
  • Gastroenterology
  • Gynecology / Obstetrics
  • Bronchoscopy
  • Arthroscopy
  • Cardiology
  • Neurology
  • Otoscopy
  • Dentistry
  • Other Applications

Global Fluid Management Systems and Accessories Market, by End User

  • Hospitals
  • Dialysis Centers
  • Ambulatory Surgical Centers
  • Other End Users

Browse Complete Table of Content@ https://www.novaoneadvisor.com/toc/fluid-management-systems-market

Why Buy this Report?

The purpose of Nova one advisor’s Fluid Management Systems market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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