LONDON, Dec. 19, 2016 /PRNewswire/ -- The fluid management systems and accessories market is expected to grow at a CAGR of 5.8% from 2016 to 2021, to reach USD 12.47 billion by 2021 from USD 9.39 billion in 2016. Market growth can be attributed to the increase in number of minimally invasive surgeries, technological advancements in fluid management systems, and increase in government funds and grants worldwide for endosurgical procedures are driving the fluid management systems and accessories market. Moreover, the untapped potential in emerging markets and rising use of single-use disposable devices and accessories are expected to offer growth opportunities for players operating in the fluid management systems and accessories market.
The fluid management systems segment accounted the largest share of the fluid management systems and accessories market in 2015; this segment will continue to dominate the market in 2021. The large share of this segment is mainly attributed to rising number of minimally invasive surgeries and high adoption of these systems in hospitals. Within the fluid management systems market, the standalone fluid management systems segment accounted the largest share of the fluid management systems market in 2015. Standalone fluid management systems are less expensive as compared to integrated systems.
This is a major factor for its high adoption in hospitals, especially in developing countries. Among standalone fluid management systems, the dialyzers segment accounted for the largest share the standalone fluid management systems market in 2015. The large share of this segment is mainly attributed to the increase in geriatric population and increase in the number of end-stage kidney patients.
Geographically, North America accounted for the largest share of the fluid management systems and accessories market in 2015, followed by Europe, Asia-Pacific, and the Rest of the World. The large share of this region can be attributed to the growth in aging and chronically ill population, increasing number of minimally invasive surgeries, growth in the number of dialysis centers, rising usage of single-use disposable accessories, and advancements in technologies.
Some of the major players offering fluid management systems and accessories include AngioDynamics, Inc. (U.S.), Karl Storz Gmbh & Co. Kg (Germany), Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (U.S.), Stryker Corporation (U.S.), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Ecolab Inc. (U.S.), Cardinal Health, Inc. (U.S.), Smiths Medical (U.K.), KARL STORZ GmbH & Co. KG (Germany), Zimmer Biomet Holdings Inc. (U.S.), C. R. Bard Inc. (U.S.), Medline Industries, Inc. (U.S.), Medtronic plc (Ireland), and Romsons International (India).
In this report, the fluid management systems and accessories market is segmented by product type, application and regions. It provides detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, and industry-specific challenges). The study tracks and analyzes competitive developments (such as partnerships, agreements, collaborations, alliances, mergers & acquisitions, new product developments, geographical expansions, and R&D activities) and strategically profiles the key players and comprehensively analyze their core competencies in the fluid management systems and accessories market.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market assessment analysis of top players and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the fluid management systems and accessories market; high-growth regions; and market drivers, restraints, and opportunities.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios offered by the major market players in the fluid management systems and accessories market. The report analyzes the fluid management systems and accessories market by product type and application across all regions
- Product Development/Innovation: Detailed insights on upcoming trends, R&D activities, and new product launches in the fluid management systems and accessories market
- Market Development: Comprehensive information on the lucrative emerging markets
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the fluid management systems and accessories market
- Competitive Assessment: In-depth assessment of growth strategies, products and distribution networks
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