Fluid management equipment market is an essential component of any hospitalised patient's care, which can be addressed with fluid management equipment such as infusion therapy products. Fluids can be delivered directly to the vascular system via alternative routes of administration such as intravenous access. Fluid management is an important part of junior doctor prescribing, whether working on a surgical firm with a nil-by-mouth patient or on a care of the elderly firm with a dehydrated patient.
Data Bridge Market Research analyses that the fluid management equipment market which was USD 12.42 billion in 2021, is expected to reach USD 19.8 billion by 2029, at a CAGR of 6% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Some of the major players operating in the fluid management equipment market are:
Stryker (U.S.) ICU Medical, Inc. (U.S.) Olympus Corporation (Japan) Fresenius Medical Care AG Co. kGaA (Germany) CONMED (U.S.) B.Braun SE (Germany) Baxter (U.S.) Ecolab (U.S.) F. Hoffmann-La Roche Ltd (Switzerland) Medtronic (Ireland) BD (U.S.) ALCOR Scientific (U.S.) AngioDynamics (U.S.) Cardinal Health (U.S.) Smiths Group plc (U.K.) Zimmer Biomet (U.S.) KARL STORZ (Germany) Richard Wolf GmbH (Germany) Pfizer Inc. (U.S.)
Global Fluid Management Equipment Market Dynamics Drivers
Growing prevalence of cardiovascular diseases to drive the demand The growing prevalence of cardiovascular diseases around the world is the primary driver of the market. For instance, according to a report published by the Centers for Disease Control and Prevention (CDC) in 2021, more than 795,000 people in the United States suffer from stroke each year. One in every 610,000 people suffers from a stroke for the first time. Ischemic strokes account for approximately 87.0% of all strokes. Similarly, according to a report published by the Government of the United Kingdom in 2021, approximately 210,800 men were offered screening for aortic aneurysms, with approximately 1,542 aneurysms detected among them and approximately 848 men with large aneurysms referred for surgery. This factor propel the growth of the market.
Rise in number of dialysis centers across the world will push the growth Globally, the number of dialysis centres is growing. During the forecast period, this is expected to drive the fluid management equipment market. According to the Centers for Medicare and Medicaid Services, there were 5,698 dialysis centres in the United States in 2010, up from 4,789 in 2005. Furthermore, emerging-market governments are establishing new dialysis centres and improving existing dialysis centres.
Opportunities
Government initiatives have been a strong driving force Leading players in the global fluid management equipment market in cpollaboration with the government have taken initiatives to reach as many ESRD patients as possible across all regions by expanding dialysis centres. B. Braun Melsungen AG alone operates over 300 facilities in Europe, Africa, and Asia Pacific. On World Kidney Day, March 9, 2017, Fresenius Medical Care launched a brand new Asia Pacific-wide corporate social responsibility initiative, reaching 6600 children, parents, and caregivers, as well as media, key renal health partners, and government officials.
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Global Fluid Management Equipment Market Scope The fluid management equipment market is segmented on the basis of product, application, end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Infusion Therapy Products Endoscopic Fluid Management Products Renal Fluid Management Products Application
Cardiology Urology Neurology Orthopaedic/Osteology Gastroenterology Oncology Others End-Use
Hospitals Clinics Diagnostics Centres Home Care Setting Others
Fluid Management Equipment Market Regional Analysis/Insights The fluid management equipment market is analysed and market size insights and trends are provided by country, product, application, end-use as referenced above. The countries covered in the fluid management equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fluid management equipment market due to the largest market share, with high incidence rate of the diseases, advancements in healthcare sector supporting in the growth of the market in the region and technologies advancements in healthcare sector. Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to changing lifestyles of the populations leading to high incidence of lifestyle diseases and growing number of surgical procedures performed in these regions.
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The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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