Fluid Management System Market to Register Unwavering Growth During in Global by 2026
Fluid
management systems are intended for maintaining body fluid
content and to avoid complications associated with undesirable levels
of body fluids. Moreover, this system is used for the treatment of
life-threatening medical conditions such as end stage renal failure.
The fluid management
system allows safe control of blood plasma, blood, and other body
fluids entering or exiting during any procedure. This system also
performs other functions such as fluid warming, fluid irrigation,
fluid monitoring, and fluid filtration.
The key factors
influencing the fluid management system market trends are rapid
launches of dialyzers by manufacturers and increasing incidences of
chronic diseases, such as end stage renal disease, or diabetes.
Moreover, the fluid management system market growth is propelled by
strategic moves of market players to sustain or exceed market
competition.
Fluid Management
System Market Dynamics
Increasing product
launches in dialysis segment of standalone fluid management system is
adding a wide range of product options in the market with better
systems for better treatment of kidney associated medical conditions.
For instance, in 2016, Baxter International Inc. launched Theronova
dialyzer with wider range of molecules which can be filters, in
Europe.
Furthermore, in 2014
NxStage Medical, Inc., a dialysis product manufacturer, received U.S.
FDA approval for its innovative hemodialysis product, System One.
System One is intended to perform hemodialysis overnight for the
patients at home.
Fluid management
systems are also used in minimally invasive surgical procedure to
manage the fluid levels. Henceforth, increasing adoption of minimally
invasive surgical procedures are also expected to propel the market
growth over the forecast period. The fluid management system market
is expected to notice inevitable shift towards disposable accessories
owing to increasing adoption of disposable accessories such as
catheters, during the forecast period. The awareness of disease
spread by sharing of the accessories is expected to enhance the
adoption of disposable accessories used for fluid management systems
market.
Increasing use of
dialyzers to support chronic kidney disorder and patients waiting for
kidney transplant is also supporting the fluid management system
market growth. According to the data of Global Burden of Disease
Study, in 2015, kidney disease leads to the death of 1.1 million
people across the world being the 12th most common cause of death.
High procedure cost
and lack of skilled professionals are the major factors restraining
the fluid management system market growth.
Request For
Customization of Research Report @
https://www.coherentmarketinsights.com/insight/request-customization/2105
Fluid Management
System Market - Regional Analysis
The global fluid
management system market is segmented into six regions such as North
America, Latin America, Europe, Asia Pacific, Middle East, and
Africa. North America fluid management system market holds the
dominant position in the global fluid management system market over
the forecast period.
High market share
of North America is attributed to increasing product launches with
advanced technology by market players. For instance, in 2016 B.
Braun’s Renal therapeutic division, launched Xevonta, next
generation dialyzer with high performance for toxin clearance, in the
U.S. market.
However, Asia
Pacific fluid management system market is anticipated to witness the
highest CAGR during forecast period, owing to increasing medical
infrastructure and adoption of minimally invasive surgical procedures
in emerging economies such as India, China, and Japan. Moreover,
factors such as rising surge in medical tourism and increasing
numbers of hospitals in Asia Pacific contributes towards rapid growth
of fluid management system in this region.
Fluid Management
System Market – Competitive Landscape
Major players
involved in fluid management system market are Fresenius Medical Care
AG & Co. KGaA, Baxter International Inc., B. Braun Melsungen AG,
and Olympus Corporation. Apart from major players, some other players
operating in the fluid management systems and accessories market
include Stryker Corporation, Ecolab Inc., Cardinal Health, Inc.,
Smiths Medical, KARL STORZ GmbH & Co. KG, Zimmer Biomet Holdings
Inc., AngioDynamics, Inc., and Karl Storz GmbH & Co. KG.
Strategic mergers
and acquisitions by key players plays an important role in fluid
management system market’s growth. For instance, in 2016, Medtronic
plc acquired Bellco, a privately held hemodialysis treatment solution
company. The acquisition is expected to expand the therapeutic access
at optimum cost for the patients of end stage renal disease.
In 2013, Baxter
International Inc. acquired Gambro AB, a Sweden-based dialysis
product manufacturer, to excel in the renal therapy market.
Acquisition may help Baxter to grab better foothold in those regions
where Gambro had strong presence such as Europe and high growth
regions such as Latin America and Asia Pacific.
Fluid Management
System Market - Taxonomy
On the basis of
product type, the fluid management system market is segmented into:
Standalone Fluid
Management System
Dialyzers
Fluid Waste
Management System
Fluid
Warming System
Fluid Management
Disposables And Accessories
Catheters
Canisters
Pressure
Monitoring lines
Bloodlines
Pressure
transducers
On the basis of
application, the fluid management system market is segmented into:
Gastroenterology
Urology
Neurology
Cardiology
Laparoscopy
Gynecology
Dentistry
On the basis of end
user, the fluid management system market is segmented into:
Hospitals
Diagnostic
Centers
Research
Laboratories and Centers
On the basis of
region, the fluid management system market is segmented into:
North America
Europe
Latin America
Asia Pacific
Middle East
Africa
About Coherent
Market Insights
Coherent Market
Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis,
consulting services, and competitive analysis through various
recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market
Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1-206-701-6702
Comments
Post a Comment