The global fluid management systems market size is forecasted to be worth USD 14.74 billion by 2027 from USD 11.12 billion in 2022, growing at a CAGR of 5.8% from 2022 to 2027.
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 the 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.
Accelerated launches of dialyzers by manufacturers and rising incidences of chronic diseases like end-stage renal disease and diabetes are the key factors affecting market trends in the fluid management system.
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.
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.
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 their 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.
Impact of COVID-19 on the global fluid management systems market:
The sudden emergence of the Global pandemic COVID-19 has created an unprecedented loss to the Healthcare sector. In addition, the pandemic has resulted in healthcare crises across the globe. As a result, nationwide lockdown had implemented during the first half of 2020.
In the first half of 2020, the number of surgeries dropped by 70–80 percent. Outpatient consultations and non-emergency operations decreased from over 20 cases per day and 40 procedures per month to virtually zero instances in the first half of 2020, as per the reports of the Indian Journal of Surgery 2020. Elective courses account for 20% of overall healthcare revenue in the United States; thus, this has significantly influenced revenue.
Although demand for healthcare (particularly postponed operations and treatment) increased once restrictions were relaxed or lessened, the number of elective surgeries performed after the lockdown has not caught up to the pre-COVID-19 situation. This could affect the surgical equipment industry, which includes fluid management systems and accessories.
The FRESH (Fluid Responsiveness Evaluation in Sepsis-Associated Hypotension) study, a prospective randomized controlled clinical trial involving 124 sepsis patients at 13 hospitals in the United States and the United Kingdom, recently published results revealed that fluid management guided by dynamic assessments with the starling system reduced the risk of mechanical ventilator use.
In May 2020, The World Health Organization issued interim guidelines on COVID-19 clinical therapy, specifically advising using dynamic assessment to guide fluid administration after the first resuscitation. Doctors may use the non-invasive starling device to do dynamic fluid assessments and make better physiologically informed fluid decisions.
Market Size Available
2021 to 2027
2022 to 2027
By Product Type, Application, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
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.).
This research report on the global fluid management systems market has been segmented & sub-segmented based on the product, application, and region.
Fluid Management Systems Market – By Product Type:
Based on type, the fluid management systems market accounted for the global market's most significant share in 2019 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.
Fluid Management Systems Market – By Application:
Fluid Management Systems Market – By Region:
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:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Fluid management systems
22.214.171.124 Standalone Fluid management systems
126.96.36.199.3 Suction and irrigation systems
188.8.131.52.4 Fluid management waste systems
184.108.40.206.5 Fluid warming systems
220.127.116.11.6 Other Standalone Fluid Management Systems
18.104.22.168 Integrated Fluid Management Systems
5.1.3 Fluid management disposables and accessories
22.214.171.124 Tubing sets
126.96.36.199 Pressure monitoring lines
188.8.131.52 Pressure transducers
184.108.40.206 Valves, connectors and fittings
220.127.116.11 Suction cansiters
18.104.22.168 Other Fluid Management Accessories and Disposables
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2.13 Other applications
5.2.14 Y-o-Y Growth Analysis, By Application
5.2.15 Market Attractiveness Analysis, By Application
5.2.16 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By Application
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By Application
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Fresenius Medical Care AG & Co. KGaA
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Baxter International, Inc.
8.3 B. Braun Melsungen AG
8.4 Ecolab, Inc.
8.5 Zimmer Biomet Holdings Inc.
8.6 Cardinal Health, Inc.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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