PUNE, India, December 9, 2016 /PRNewswire/ --
According to a new market research report "Fluid Management Systems Market by Product (Dialyzers, Insufflators, Fluid Warming systems, Pressure Transducers, Suction Canister), Disposables and Accessories, & Application (Urology, Laparoscopy, Gastroenterology, Gynecology) - Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 12.47 Billion by 2021 from USD 9.39 Billion in 2016, at a CAGR of 5.8% during the forecast period.
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Browse 121 market data Tables and 36 Figures spread through 208 Pages and in-depth TOC on "Fluid Management Systems Market"
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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 and Accessories Market is segmented on the basis of product type, application, and regions. Based on the product type, the fluid management systems and accessories is segmented into fluid management systems and fluid management disposables & accessories. In 2015, the fluid management systems accounted the largest share of the market. The large share of this segment is mainly attributed to rising number of minimally invasive surgeries and high adoption of these systems in hospitals.
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Furthermore, the fluid management systems segment is sub-divided into integrated fluid management systems and standalone fluid management systems. The standalone systems accounted the largest share of fluid management systems in 2015. The large share of this segment is mainly attributed to the increase in geriatric population, increase in the number of end-stage kidney patients and high adoption of these systems in hospitals over integrated fluid management systems. Among application segments, urology accounted the largest share while, laparoscopy is growing with the highest CAGR.
In 2015, North America was the major market for fluid management systems and accessories followed by Europe and Asia-Pacific. 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. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Factors such as favorable environment for growth of the Fluid Management Systems And Accessories Market in Japan, Japan's Revitalization Strategy, penetration of key players into China's fluid management systems and accessories market, increasing infrastructure to support minimally invasive procedures in India, and growth of medical tourism and number of hospitals in Asian countries have contributed to the rapid growth of the Fluid Management Systems And Accessories Market in Asia-Pacific.
Some of the major players operating in the Fluid Management Systems and Accessories Market include Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (U.S.), B. Braun Melsungen AG (Germany), Stryker Corporation (U.S.), Olympus Corporation (Japan), 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.), AngioDynamics, Inc. (U.S.), and Karl Storz GmbH & Co. KG (Germany).
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