Fluid Management Systems Market

Global Fluid Management Systems Market Size (2024 to 2029)

The global fluid management systems market size is forecasted to be worth USD 17.90 billion by 2029 from USD 13.50 billion in 2024, growing at a CAGR of 5.8% from 2024 to 2029.

Fluid control systems are designed to preserve fluid body quality and prevent problems associated with excessive body fluid levels. This device is also used to combat life-threatening medical conditions such as renal failure at the end stage. The fluid management system enables safe control during any procedure of blood plasma, blood, and other body fluids entering or exiting. Fluid management systems are used in urology, dental, gastroenterology, anesthesiology, laryngoscopy, laparoscopy, neurology, cardiology, bronchoscopy, etc., for functions such as fluid irrigation, stress monitoring, fluid shortage monitoring, suction, fluid heating, fluid extraction, and fluid filtration during the above procedures.

Fluid management systems in which endoscopic fluid management systems help improve the endoscopic process's visibility by providing precise fluid pressure to the lumen during endoscopic surgery. As a result, some leading companies in the global market are considering investing in new products to gain more substantial brand value. In addition, these participants are considering options for mergers and acquisitions to maintain a competitive advantage. The various products offered in the fluid management system market are integrated stand-alone systems, including liquid heating systems, dialyzers, fluid waste management, evacuation and insufflators, and more. These systems' disposable supplies and accessories include tubing kits, pressure monitoring tubing, blood tubing, pressure sensors, suction cans, catheters, sleeves, valves, connectors, and accessories. The trend from an independent system to an integrated system has generally changed, and it is expected that the demand for embedded systems will increase steadily during the forecast period.

MARKET DRIVERS

The growing number of launches of dialyzers by manufacturers and rising incidences of chronic diseases like end-stage renal disease and diabetes are the key factors driving the fluid management systems market growth.

Other significant drivers of the market are increased demand for minimally invasive procedures, the introduction of the novel fluid management system, increased government funding for healthcare, and growing healthcare infrastructure. The market growth is also further favored by the market players' tactical actions to sustain and meet market competition. In addition, there has been a rise in disposable incomes, which has led to the growth of the healthcare industry.

The growing prevalence of otoneurologic-related chronic diseases, gastrointestinal tract, orthopedic disorders, and nephrology-related disorders is anticipated to drive demand through the forecast period on the market for fluid management systems. Specific significant drivers expected to accelerate this market's growth include increasing demand for non-invasive or minimally invasive treatments, introducing new fluid control and visualization technologies, increased government funding in healthcare, improved healthcare infrastructure, and expanded medical reimbursement facilities.

Increasing disposable income is projected to increase healthcare sectors' expenditures and new technologies, particularly in developing nations. In addition, expanding the use of portable devices and instruments also reflects a significant change in the trend expected to provide a lucrative growth opportunity over the forecast period.

Developing countries such as China, India, and Brazil have also contributed to significant future growth due to population growth and increased healthcare investment. Due to the healthcare industry's favorable economic growth and development, Latin America has further shown significant growth. Due to high disposable income and people's health awareness, Middle Eastern countries are expected to affect the global fluid management systems market.

MARKET RESTRAINTS

Lack of skilled labor and the high cost of surgical procedures are some restraints of the market. On the other hand, high administrative costs and lack of qualified professionals are the main factors that limit the growth of the market of the fluid management system.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Fluid Management Systems Market Analysis By Product Type

Based on type, the fluid management systems market accounted for the global market's most significant share in 2022 and covered integrated and standalone fluid management systems. The standalone fluid management systems segment accounted for the largest share of the fluid management systems market within the fluid management systems market. Standalone fluid management systems are less expensive as compared to integrated systems.

REGIONAL ANALYSIS

Geographically, North America accounted for the largest share of the global fluid management systems market, followed by Europe. However, Asia-Pacific is expected to register a high CAGR over the forecast period.

Due to the rise in demand for healthcare and medical facilities, North America contributes the largest market share for fluid management systems. In addition, North America's significant market share is due to rising market players ' product launches with advanced technology.

Europe and the Asia Pacific are experiencing the same pattern. They are expected to show more robust growth due to technological advances, increased prevalence of chronic diseases, growing use of disposable products, aging populations, and others. Developing countries like China, India, and Brazil are also contributing to substantial growth in the future due to their growing population and increased investment in the healthcare sector. As a result of favorable economic growth and the advancement of healthcare industries, Latin America also shows significant growth.

Next in the lead is the Latin America and MEA regions. However, because of the high disposable income and people's knowledge of nutrition, the Middle East countries are expected to influence the market.

KEY MARKET PLAYERS

Notable companies leading the global fluid management systems market profiled in this report are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc. (U.S.), B. Braun Melsungen AG (Germany), Ecolab, Inc. (U.S.), Zimmer Biomet Holdings Inc. (U.S.) and Cardinal Health, Inc. (U.S.).

RECENT MARKET DEVELOPMENTS

• In February 2019, the 2008T BlueStar hemodialysis machine was introduced in the United States by Fresenius Medical Care (Germany).
• In February 2019, NxStage Medical, Inc. was purchased by Fresenius Medical Care (Germany) (a US-based home dialysis leader). The firm hopes to extend its presence in the dialysis industry with this acquisition.
• In June 2020, In the United States, Fresenius Medical Care (Germany) established more than 100 new transitional care units centers. These units will assist persons who have just been diagnosed with renal failure in learning about treatment choices (including home dialysis) and becoming more self-sufficient in managing their care.
• The Carpediem System, a pediatric and newborn acute dialysis system (containing dialyzer), was released in the United States by Medtronic (Ireland) in December 2020.

DETAILED SEGMENTATION OF THE GLOBAL FLUID MANAGEMENT SYSTEMS MARKET INCLUDED IN THIS REPORT

This research report on the global fluid management systems market has been segmented & sub-segmented based on the product, application, and region.

By Product Type

• Fluid Management Systems
  • Standalone Fluid Management Systems
    • Dialyzers
    • Insufflators
    • Suction And Irrigation Systems
    • Fluid Management Waste Systems
    • Fluid Warming Systems
    • Other Standalone Fluid Management Systems
  • Integrated Fluid Management Systems 
• Fluid Management Disposables And Accessories
  • Catheters
  • Bloodlines
  • Tubing Sets
  • Pressure Monitoring Lines
  • Pressure Transducers
  • Valves, Connectors, And Fittings  
  • Suction Canisters              
  • Cannulas             
  • Other Fluid Management Accessories And Disposables

By Application

• Urology
• Gastroenterology
• Laparoscopy
• Gynecology
• Bronchoscopy
• Arthroscopy
• Cardiology
• Neurology
• Otoscopy
• Dentistry
• Anaesthesiology
• Other Applications

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa