Global Fluid Management Devices Market Size study & Forecast, by Product Type (Fluid management systems, Fluid management accessories) by Application (Urology, Hysteroscopy, Laparoscopy, Arthroscopy, Other), by End User (Hospitals, Clinics, Others) and Re

Global Fluid Management Devices Market Size study & Forecast, by Product Type (Fluid management systems, Fluid management accessories) by Application (Urology, Hysteroscopy, Laparoscopy, Arthroscopy, Other), by End User (Hospitals, Clinics, Others) and Regional Analysis, 2022-2029

Global Fluid Management Devices Market is valued at approximately USD 4,563 million in 2021 and is anticipated to grow with a healthy growth rate of more than 11.3% over the forecast period 2022-2029. Fluid management devices precisely transmit fluid pressure to internal cavities, increasing visibility during endoscopic or minimally invasive procedures. This device is created by a collection system, a pump, a controller, and a monitor. It is a medical equipment that is specially designed to use during surgeries to improve vision. The objective of these devices is to offer an effective, precise, and dependable technique of fluid control during endoscopic treatments. The surge in the prevalence of chronic diseases, increasing government initiatives for endosurgical procedures, coupled with the escalating geriatric population are the several key factors that are fueling the market demand across the globe.

In addition, the rising number of minimally invasive surgeries further plays a significant role in the market growth during the projected period. Minimally invasive surgery (MIS) is a surgical method that involves the utilization of specialized instruments, small incisions, and advanced imaging technology for treating internal organs and tissues. Accordingly, a fluid management device assists in improving vision by applying fluid pressure to the internal cavities, dilating the operative region, and washing away blood and debris. As per Statista, in 2019, it was estimated that the minimally invasive surgery sector was estimated to be worth approximately USD 20.5 billion, which is anticipated to reach around USD 44.04 billion by 2030. Thereby, the growing inclination toward minimally invasive surgeries is exhibiting a positive influence on market growth. Moreover, the increasing technological advancement for the development of fluid management devices, as well as the increasing investment in R&D activities is presenting various lucrative opportunities over the forecasting years. However, the dearth of skilled professionals and the high cost associated with surgical procedures are hampering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Fluid Management Devices Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the presence of the advanced healthcare infrastructure, along with growing awareness among people regarding minimally invasive surgeries. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising geriatric population, increasing expenditure on healthcare, and rise in the number of product launches in the market space.

Major market players included in this report are:
CONMED Corporation
Medtronic plc
Hologic Inc.
Baxter International Inc.
Bonvisi AB
Stryker Corporation
Cardinal Health Inc.
Olympus Corporation
FRESENIUS SE & Co. KGaA (Fresenius Kabi)
KARL STORZ SE & Co. KG

Recent Developments in the Market:
 In January 2021, Hologic, Inc.- an innovative provider of medical technology declared the introduction of their fluent fluid management system in Europe. This product is specially designed to provide doctors performing hysteroscopic treatments with more efficient fluid management.


Global Fluid Management Devices Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product Type, Application, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World


Companies Mentioned
CONMED Corporation
Medtronic plc
Hologic Inc.
Baxter International Inc.
Bonvisi AB
Stryker Corporation
Cardinal Health Inc.
Olympus Corporation
FRESENIUS SE & Co. KGaA (Fresenius Kabi)
KARL STORZ SE & Co. KG

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