According to a new report published by K D Market Insights, titled, “Fluid Management Systems Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global fluid management systems market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032. The increasing number of minimally invasive surgeries, advancements in fluid management systems technology, rising government funding for endosurgical procedures, and a growing number of hospitals and investments in endoscopy and laparoscopy facilities which are the major factors augmenting the growth of the global fluid management systems market. The global fluid management systems market is anticipated to grow at a robust CAGR of 13.5% from 2023 to 2032. The market's revenue surged to $9.9 billion in 2022, and it is expected to further accelerate, reaching a notable $35.1 billion by 2032.
Minimally-invasive surgeries offer numerous advantages, including fewer postoperative complications, shorter hospital stays, and reduced risks of surgical site infections. The popularity of outpatient surgeries, where patients do not require overnight hospital stays are further expected to create ample growth opportunities for the global fluid management systems market during the forecast period i.e., 2023-2032. Moreover, the rising burden of chronic diseases has propelled market expansion. Technological advancements, is expected to contribute towards the market growth during the period.
The North America region accounted for the largest share in the global fluid management systems market in 2022. The region is further projected to continue dominating in the market during the forecast period. This can be attributed to the technological advancements and a favorable reimbursement scenario. Moreover, the rising incidence of diseases like end-stage renal disease (ESRD) and cancer, coupled with the widespread adoption of advanced medical technologies.
According to end user, the hospitals segment accounted for the largest market share in the fluid management systems market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
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The global fluid management systems market is segmented into product type, application, end user and region. Based on product type, the market is bifurcated into standalone fluid management systems, integrated fluid management systems, fluid management disposables & accessories. Based on application, it is classified into urology and nephrology, laparoscopy, gastroenterology, gynecology / obstetrics, bronchoscopy, arthroscopy, cardiology, neurology, otoscopy, dentistry, other applications. Based on end user, it is classified into hospitals, dialysis centers, ambulatory surgical centers, other end users.
The global fluid management systems market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Fluid management systems Market
- On the basis of end user, the hospitals segment accounted for the largest market share in the fluid management systems market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
- On the basis of region, North America accounted for the largest share in the global fluid management systems market in 2022. The region is further projected to continue dominating in the market during the forecast period.
- On the basis of region, Europe is estimated to account for the second largest share in the market during the forecast period.
Some of the major fluid management systems companies profiled in the report include Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., Cardinal Health, Inc., Stryker Corporation, Olympus Corporation, B. Braun Melsungen AG, Medline Industries, Inc., KARL STORZ GmbH & Co. KG, Ecolab Inc., Smiths Medical, Zimmer Biomet Holdings Inc., Medtronic plc, FUJIFILM Holdings Corporation, CONMED Corporation, Hologic, Inc., Arthrex, Inc., Thermedx, LLC. (US), COMEG Medical Technologies, and EndoMed Systems GmbH.
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