Fluid Management Systems Market Analysis and Forecast to 2031: By Product (Fluid Management Systems, Fluid Management Disposables & Accessories), Application (Urology & Nephrology, Laparoscopy, Gastroenterology, Gynecology/Obstetrics, Bronchoscopy, Arthro

Fluid Management Systems Market Analysis and Forecast to 2031: By Product (Fluid Management Systems, Fluid Management Disposables & Accessories), Application (Urology & Nephrology, Laparoscopy, Gastroenterology, Gynecology/Obstetrics, Bronchoscopy, Arthroscopy, Cardiology, Neurology, Otoscopy, Dentistry, Other), End User (Hospitals, Dialysis Centers, Ambulatory Surgical Centers, Others), and Region

The global fluid management systems market was valued at USD 8.9 billion in 2021 and it is anticipated to grow further up to USD 30.6 billion by 2031, at a CAGR of 13.1% during the forecast period.

Maintaining appropriate fluid levels in the body involves either administering intravenous fluids or doing procedures like dialysis. Important components of the fluid management system include perioperative fluid management, postoperative fluid management, endoscopic fluid management, management of fluid levels in critically ill patients, fluid management in chronic kidney diseases, and IV treatments for dehydration brought on by diarrhea and vomiting.

Market Trends and Drivers

Minimally invasive procedures have a number of benefits over open procedures, including less postoperative problems, quicker hospital stays, and lower chances of surgical site infections. Numerous minimally invasive procedures are considered outpatient procedures, meaning the patient is not required to spend the night in a hospital. By choosing minimally invasive procedures over open surgery for routine procedures on the appendix, colon, and lungs, hospitals in the US could collectively avoid thousands of post-surgical complications and save between USD 280 and 340 million each year.

In numerous nations around the world, health insurance providers are progressively covering minimally invasive surgeries. Many patients and doctors choose minimally invasive operations over other surgical treatments due to their benefits. As of 2017, more than 7.5 million surgical and minimally invasive cosmetic treatments were carried out in the US; this number is expected to increase by 2% a year (Source: American Association of Pharmaceutical Scientists). The need for fluid management systems and accessories is also anticipated to increase as the number of minimally invasive cancer treatments increases.

Market Restraints and Challenges

Due to the substantial usage of specialist equipment and extended surgery time, minimally invasive operations are more expensive than open surgeries. For the majority of hospitals in underdeveloped nations, the investment expenses for endoscopic equipment are very high. The average cost of an HD colonoscopy equipment is between USD 100,000 and USD 120,000, which is a remarkably significant investment for healthcare practitioners in developing countries like India, Brazil, and Mexico that have less money to spend on high-end technology. The operating cost of any endoscopy system purchased by the healthcare provider will also be increased by the need for employees to be trained in the use and maintenance of endoscopic systems and equipment.

Endoscopy operations are typically expensive due to the significant capital, training, and maintenance expenditures. For instance, in many developing nations, the average cost of a colonoscopy operation is between USD 2,000 and 3,000. Additionally, there is little to no reimbursement for endoscopic operations in the majority of Asian nations. Endoscopic operations are often more expensive, which leads doctors and patients to choose less expensive alternatives. This restricts the use of endoscopic procedures globally and has an impact on the development of related sectors like fluid management systems and accessories.

The report analyses the global fluid management systems market based on product, application, end user, and regions.

Global Fluid Management Systems Market by Product

Based on product, it is segmented into systems and disposables & accessories. The systems segment accounted for the largest market share during the forecast period. The Dominant share of this segment can be attributed to the high cost of fluid management systems compared to accessories & consumables.

Global Fluid Management Systems Market by Application

Based on application, it is segmented into urology & nephrology, gastroenterology, gynecology/obstetrics, laparoscopy, bronchoscopy, cardiology, arthroscopy, otoscopy, dentistry, neurology, and other applications. The laparoscopy application segment is anticipated to hold the majority of the market share during the forecast period. The growth in this application segment is primarily attributed to the growing shift towards minimally invasive procedures, which in turn boost the number of laparoscopic surgeries performed across the globe.

Global Fluid Management Systems Market by End User

Based on end user, it is segmented into hospitals, dialysis centers, and other end users. The hospital segment accounted for the largest market share during the forecast period. The key factors such as the large number of surgical procedures performed in these facilities are boosting the growth of the market.

Geographical Analysis of Fluid Management Systems Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest share of the fluid management systems market. The main factors propelling the growth of the fluid management systems and accessories market in North America are technological advancements, the existence of a favorable reimbursement scenario, the increasing incidence of diseases like ESRD and cancer, and the greater adoption of advanced technologies in the region. Another important aspect of the substantial share of this market segment is the existence of numerous international competitors in this area.

Major Players in the Global Fluid Management Systems Market

COVID-19 Impact

A global healthcare crisis brought on by the COVID-19 pandemic has changed the way healthcare is provided in the majority of areas. The danger of getting COVID-19 is higher for surgeons and patients who visit hospitals for various treatments. Most countries in the world issued some kind of lockdown declaration. In order to stop the virus from spreading and lessen the strain on the healthcare system, the majority of unnecessary procedures and in-hospital treatments, such as elective surgeries, were postponed in the first half of 2020. Most hospital resources were used to provide masks and personal protective equipment (PPE), limit staff movements, and halt all elective activity. Healthcare visits declined by almost 40% in the first six weeks of the epidemic in the US, from early March to mid-April, according to Indiana University researchers. In the first half of 2020, there has been a 70–80% decline in the number of procedures. In the first half of 2020, outpatient consultations and non-emergency operations decreased from around 20 cases per day and 40 procedures per month to nearly zero instances, according to a research paper that was published in the Indian Journal of Surgery in June 2020. As elective procedures make up around 20% of all healthcare revenue in the US, this has had a significant impact on healthcare spending.

Although the demand for healthcare increased once limitations were relaxed or lessened (particularly for postponed operations and treatments), the number of elective surgeries performed after the lockdown has not yet caught up with the situation prior to COVID-19. The market for surgical instruments, including fluid management systems and accessories, may suffer as a result.

Recent Developments

• December 2020, Medtronic launched the Carpediem System, a pediatric and neonatal acute dialysis machine in the US.
• June 2020, Fresenius Medical Care is planning to open more than 100 new transitional care unit centers in the US. These units will help people recently diagnosed with kidney failure to learn about the treatment options available to them and become more empowered in managing their own care.
• February 2019, Fresenius Medical Care acquired NxStage Medical, Inc. With this acquisition, the company aims to expand its presence in the dialysis market.
• February 2019, Fresenius Medical Care launched the 2008T Blue Star hemodialysis machine in the US.

Frequently Asked QuestionsQ1. How big is the Fluid Management Systems market?Ans. The global Fluid Management Systems market size was USD 8.9 billion in 2021 and is anticipated to reach USD 30.6 billion in 2031, growing at a rate of 13.1% from 2022 to 2031.Q2. What is the Fluid Management Systems market growth rate?Ans. The growth rate of the Fluid Management Systems market is 13.1%.Q3. Which  region holds a major market share for the Fluid Management Systems market?Ans. North America holds a major market share of the Fluid Management Systems market in 2021.Q4. Which segment accounted for the largest Fluid Management Systems market share?Ans. By end user, hospital segment accounted for the largest Fluid Management Systems market share.Q5. Who are the key players in the Fluid Management Systems market?Ans. The global Fluid Management Systems market report includes players such as 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) among others.Q6. What are the factors driving the Fluid Management Systems market growth?Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.Q7. What are the key growth strategies of Fluid Management Systems market players?Ans. The key growth strategies of Fluid Management Systems market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Fluid Management Systems market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Fluid Management Systems market during the forecast period.

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