As per our research report, the Latin America Fluid Management Systems Market was worth USD 1.11 Billion in 2022. This figure is estimated to be growing at a CAGR of 5.9% to reach USD 1.48 billion by 2027.
Fluid management systems are intended to maintain fluid body content and to avoid complications associated with unwanted levels of body fluids. Additionally, this system is used to treat life-threatening medical conditions, such as end-stage kidney disease.
The fluid management systems market in Latin America is expected to experience tremendous growth owing to increasing support from the government through funds, technological advancements in the healthcare industry, and the growth of minimally invasive surgeries. Besides, the increase in subsidies for non-surgical procedures worldwide is also contributing to the development of the Latin American market. The increasing incidence of chronic diseases such as gastrointestinal tract, neurology, nephrology-related disorders, and orthopedic disorders among the elderly population is expected to drive the fluid management systems market in Latin America.
The massive demand for the introduction of fresh fluid management and display systems in healthcare and medical services drives the growth of the fluid management systems market. Substantial investments in medical services, the development of health care infrastructure, and the emergence of innovative technologies are growth factors of the Latin American market. A significant factor influencing the Latin American fluid management systems market is the increasing incidence rate of chronic diseases such as diabetes, kidney and transplant disorders, kidney failure, and the continued launches of dialyzers on the market.
However, the vast cost of the procedure and the lack of qualified personnel are significant challenges in the Latin America Fluid Management Systems market.
This report on the Latin America Fluid Management Systems Market has been segmented & sub-segmented the market into the following categories:
Latin America is an emerging region of the fluid management market due to the strong economic growth over the last decade, changes in the lifestyles of the populations that lead to a high incidence of diseases related to the way of life, and the increasing number of surgical procedures performed in these areas.
Developing countries like Brazil are also contributing to significant growth due to their growing population and increased investment in the health sector. Latin America is also showing considerable growth due to favorable economic growth and development of healthcare industries.
In 2014, Baxter International Inc. acquired Gambro AB, a Swedish manufacturer of dialysis products, to excel in the renal therapy market. This acquisition could help Baxter gain a foothold in regions where Gambro had a strong presence, such as Europe, and in a high-growth area such as Latin America.
Companies dominating the Latin America 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.).
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