For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Product Overview
In order t- avoid any problems caused by unwanted amounts of fluid in the body, health and medical facilities use fluid control devices t- maintain the right amount of body fluid. It is often used beforehand in the detection of vital medical circumstances t- prevent any emergency. The system can perform various functions, such as control of fluid deficits, irrigation of fluids, filtration of fluids, fluid warming, and others. Fluid management systems offer straightforward visualization and are simple t- set up and maintain, resulting in decreased downtime between operations.
Market Highlights
Global Total Fluid Management Market is expected t- project a notable CAGR of 5.21% in 2030.
Global Total Fluid Management Market t- surpass USD 47.2 billion by 2030 from USD 9.49 Billion in 2018 at a CAGR of 5.21% throughout the forecast period, i.e., 2019-30. The demand is driven by factors such as the growing number of minimally invasive operations, technical developments in the fluid management system, and increased government funding and worldwide grants for endosurgical procedures. The increase in End-Stage Renal Disease (ESRD) incidences has driven up demand for dialysis products, thereby growing the global market for fluid management, as well as the increase in the number of surgical procedures, both accessible and minimally invasive, due t- improved healthcare facilities, leading t- increased demand for fluid management devices. Another sector that attracts leading manufacturers t- invent and create new treatment solutions in the field of neurology is cerebrospinal fluid control.
Global Total Fluid Management Market: Segments
Renal products segment t- grow with the highest CAGR of 5.51% during 2019-30
Global Total Fluid Management Market is segmented by product type as Infusion Therapy Products (Infusion Devices, IV Access devices, IV Solutions, and Products), Renal Products (In-Center Hemodialysis Products, Home Hemodialysis (HHD) Products, Peritoneal dialysis Products, Acute Dialysis Products, Endoscopy Fluid Management Products. The greater market share in 2018 was accounted for by the infusion therapy segment and is als- expected t- witness high growth during the forecast period. The standard requirements for infusion therapy are projected t- capture a big chunk of the global demand for fluid management, amounting t- more than half. The market for infusion therapy is expected t- be leveraged by the demand for intravenous administration of fluids and medications t- chronically sick and dehydrated patients wh- d- not respond t- oral therapy. During the forecast period, forecasts suggest a moderate CAGR of 5.3 percent. However, the renal products segment is catching up, expanding over the forecast period at a CAGR of 5.5 percent. The growing pool of patients undergoing dialysis would lead t- the increased use of renal products. This is because, through dialysis procedures such as hemodialysis and peritoneal dialysis, kidney patients need fluid management. Manufacturers of renal goods innovate in renal disposables and ancillaries, saline solutions & concentrates, and dialysis accessories.
Cardiology segment t- grow with the highest CAGR of 5.91% during 2019-30
Global Total Fluid Management Market is segmented
By Applications int- urology, gastroenterology, laparoscopy, gynecology/obstetrics, bronchoscopy, arthroscopy, cardiology, neurology, otoscopy, dentistry, and anesthesiology. The greater market share in 2018 was accounted for by the Cardiology, neurology, and dental applications of fluid management systems segment and is expected t- remain dominant over the forecast period. This is due t- growing incidences of chronic diseases of the kidneys. This growing number of dialysis procedures is poised t- leverage the segment of urology fluid management. Nearly two-fifths of the global fluid management market is projected t- be captured, rising at a CAGR of 5.3 percent. The cardiology segment, poised t- capture almost a quarter of the global demand for fluid control, is trailing behind. A major growth factor for the cardiology segment is growing morbidities due t- cardiac complications.
Global Total Fluid Management Market: Market Dynamics
Drivers
Rising Investments for R&D Activities
In emerging economies such as India and China, this growth of the regional segment can be mainly attributed t- the rapidly developing healthcare sector. The government is working towards the construction of a top-notch healthcare system in these countries and is therefore open t- foreign investment. This gave the leading players in the global fluid management market a huge business opportunity t- build their bases in the region. Besides, increasing investment in accelerating research and development activities in the area is als- helping t- further fuel the development of the market for fluid management. Heavy investment in medical services, healthcare infrastructure advancement, and the advent of emerging technologies are drivers of global market growth.
Increase in incidence and prevalence of infectious and lifestyle diseases
The demand for dialysis care is motivated by an increase in the incidence and prevalence of infectious and lifestyle diseases, an increase in the number of patients with end-stage renal disease (ESRD), and an increase in the prevalence of diabetes and hypertension. Besides, the rise in medical waste generation is due t- the advent of new-generation sensors, single-chip systems, and new-generation components supporting the design and architecture of dialysis machines; an increasingly ageing population with an increase in co-morbidities; an increase in health care expenditure; and the introduction of innovative disease management technologies. These factors are estimated t- increase the demand for fluid control in the near future.
Restrain
High cost of treatments
Strict regulatory standards for medical device approval and high costs for procedures such as minimally invasive endoscopic surgeries are likely t- narrow the demand for fluid management globally.
Global Total Fluid Management Market: Key Players
Baxter
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
C.R. Bard, Inc.
BD Company
Smith & Nephew
B. Braun Holding GmbH & Co. KG
Fresenius SE & Co. KGaA
Cardinal Health Inc.
Stryker
Global Total Fluid Management Market: Regions
Global Total Fluid Management Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global Total Fluid Management Market in North America held the largest market share of XX.X% in the year 2018. It is als- predicted that the region will continue t- dominate over the given forecast period. The growth of the North American fluid management market is mainly due t- the region's high prevalence of chronic kidney disorders. In addition, the increasing acceptance of dialysis treatment procedures, the rise in the number of new product launches, and the increasing per capita income of the population in the area are als- some of the other main factors contributing t- driving the overall growth of the North American region's fluid management industry. Asia Pacific's geographic segment is projected t- be the most exciting business landscape for the development of the global market for fluid management. During the projection era, the Asia Pacific region is expected t- display the most promising development.
Competitive landscape:
Global Total Fluid Management market, which is highly competitive, consists of several major players such as Fresenius Medical Care AG & Co. KGaA, Baxter International Inc. hold a substantial market share in the Global Total Fluid Management market. Other players analyzed in this report are B. Braun Melsungen AG, Stryker Corporation, Ecolab Inc., Angiodynamics, Inc., Cardinal Health, Inc., Olympus Corporation, Smiths Group PLC, Zimmer Biomet Holdings, Inc., Karl Storz GmbH & Co. Kg, among others.
Global Total Fluid Management Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Total Fluid Management Market report als- contains analysis on:
Global Total Fluid Management Market Segments:
By Product Type:
Infusion Therapy Products
Infusion Devices
IV Access devices
IV Solutions and Products
Renal Products
In-Center Hemodialysis Products
Home Hemodialysis (HHD) Products
Peritoneal dialysis Products
Acute Dialysis Products
Endoscopy Fluid Management Products
By Application:
Urology
Cardiology
Orthopedic/Osteology
Neurology
Oncology
Gastroenterology
Others
By End-user
Hospitals
Clinics
Dialysis Centers
Home Care Settings
Global Total Fluid Management Market Dynamics
Global Total Fluid Management Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints