Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 12.42 Billion |
| USD 19.80 Billion | |
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Global Fluid Management Equipment Market, By Product (Infusion Therapy Products, Endoscopic Fluid Management Products and Renal Fluid Management Products), Application (Cardiology, Urology, Neurology, Orthopaedic/Osteology, Gastroenterology, Oncology and Others), End-Use (Hospitals, Clinics, Diagnostics Centres, Home Care Setting and Others) – Industry Trends and Forecast to 2029.
Fluid management is an essential component of any hospitalised patient's care, which can be addressed with fluid management equipment such as infusion therapy products. Fluids can be delivered directly to the vascular system via alternative routes of administration such as intravenous access. Fluid management systems perform a variety of functions, including fluid irrigation, deficit control, fluid freezing, and fluid filtration, among others. The global fluid management systems market is expected to grow due to rising technological developments in the healthcare industry, as well as an increase in minimally invasive surgeries.
Data Bridge Market Research analyses that the fluid management equipment market which was USD 12.42 billion in 2021, is expected to reach USD 19.8 billion by 2029, at a CAGR of 6% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Infusion Therapy Products, Endoscopic Fluid Management Products and Renal Fluid Management Products), Application (Cardiology, Urology, Neurology, Orthopaedic/Osteology, Gastroenterology, Oncology and Others), End-Use (Hospitals, Clinics, Diagnostics Centres, Home Care Setting and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Stryker (U.S.), ICU Medical, Inc. (U.S.), Olympus Corporation (Japan), Fresenius Medical Care AG & Co. kGaA (Germany), CONMED (U.S.), B.Braun SE (Germany), Baxter (U.S.), Ecolab (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Medtronic (Ireland), BD (U.S.), ALCOR Scientific (U.S.), AngioDynamics (U.S.), Cardinal Health (U.S.), Smiths Group plc (U.K.), Zimmer Biomet (U.S.), KARL STORZ (Germany), Richard Wolf GmbH (Germany), Pfizer Inc. (U.S.)
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Market Opportunities
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Market Definition
Fluid management equipment is an essential component of any hospitalised patient's care, which can be addressed with fluid management equipment such as infusion therapy products. Fluids can be delivered directly to the vascular system via alternative routes of administration such as intravenous access. Fluid management is an important part of junior doctor prescribing, whether working on a surgical firm with a nil-by-mouth patient or on a care of the elderly firm with a dehydrated patient.
Drivers
The growing prevalence of cardiovascular diseases around the world is the primary driver of the market. For instance, according to a report published by the Centers for Disease Control and Prevention (CDC) in 2021, more than 795,000 people in the United States suffer from stroke each year. One in every 610,000 people suffers from a stroke for the first time. Ischemic strokes account for approximately 87.0% of all strokes. Similarly, according to a report published by the Government of the United Kingdom in 2021, approximately 210,800 men were offered screening for aortic aneurysms, with approximately 1,542 aneurysms detected among them and approximately 848 men with large aneurysms referred for surgery. This factor propel the growth of the market.
Globally, the number of dialysis centres is growing. During the forecast period, this is expected to drive the fluid management equipment market. According to the Centers for Medicare and Medicaid Services, there were 5,698 dialysis centres in the United States in 2010, up from 4,789 in 2005. Furthermore, emerging-market governments are establishing new dialysis centres and improving existing dialysis centres.
Opportunities
Leading players in the global fluid management equipment market in cpollaboration with the government have taken initiatives to reach as many ESRD patients as possible across all regions by expanding dialysis centres. B. Braun Melsungen AG alone operates over 300 facilities in Europe, Africa, and Asia Pacific. On World Kidney Day, March 9, 2017, Fresenius Medical Care launched a brand new Asia Pacific-wide corporate social responsibility initiative, reaching 6600 children, parents, and caregivers, as well as media, key renal health partners, and government officials.
Restraints/Challenges
Stringent regulatory requirements and the lengthy FDA approval process have discouraged medical device OEMs in the United States such as Asia and Latin America, to launch newer products in the market. The high investment in R&D and clinical trials is currently the most significant barrier for orthopaedic device manufacturers. Slow approval processes increase costs and provide a low return on investment for stakeholders. Increasing competition among players and increasing preferences over simple machines and consolidate equipment and need for cost control to gain competitive lead will obstruct the market's growth rate.
This fluid management equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fluid management equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent developments
The fluid management equipment market is segmented on the basis of product, application, end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Application
End-Use
The fluid management equipment market is analysed and market size insights and trends are provided by country, product, application, end-use as referenced above.
The countries covered in the fluid management equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fluid management equipment market due to the largest market share, with high incidence rate of the diseases, advancements in healthcare sector supporting in the growth of the market in the region and technologies advancements in healthcare sector.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to changing lifestyles of the populations leading to high incidence of lifestyle diseases and growing number of surgical procedures performed in these regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The fluid management equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for fluid management equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the fluid management equipment market. The data is available for historic period 2010-2020.
The fluid management equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fluid management equipment market.
Some of the major players operating in the fluid management equipment market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.