B Braun Melsungen AG (Germany), ConMed Corporation (U.S.), Ecolab, Inc. (U.S.), Cardinal Health, Inc. (U.S.), Smiths Medical (U.S.), AngioDynamics, Inc. (U.S.), KARL STORZ GmbH & Co. KG (Germany), Richard Wolf GmbH (Germany)
(PRWEB) June 12, 2014
The “Fluid Management Systems Market by Product (Suction & Irrigation, Dialyzer, Fluid Warming & Waste Management, Endoscopic Camera, Tubing’s, Bloodlines), by Application (GI, Urology, Arthroscopy, Gynecology) - Global Forecasts to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Browse 168 market data Tables and 58 Figures spread through 360 Pages and in-depth TOC.
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The global market is segmented by product type, application, and geography. It also discusses the key market drivers, restraints, and opportunities of this market and its submarkets. The market was valued at $19,285.5 million in 2013 and is expected to grow at a healthy CAGR from 2013 to 2018. North America was a major market for global market in 2013 with a share of around 45% to 50% of the global market, followed by Europe, Asia-Pacific, and Rest of the World.
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The fluid management systems market is broadly categorized into two segments—standalone systems and integrated fluid management systems. The integrated fluid management systems enable clinicians or surgeons to perform multiple functions at a time, which reduces the time of surgery, thereby enhancing efficiency of surgeries and overall clinical output. Hence, the integrated fluid management systems market is poised to grow at a higher CAGR of 7.2% from 2013 to 2018.
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The global market has experienced steady growth in the past few years, mainly due to various advancements in the endosurgical fluid management and visualization techniques. Factors that are expected to boost the market growth include the rapid rise in the number of people prone to gastrointestinal, laparoscopic, orthopedic, neurological, and nephrological diseases; growing preference for minimally invasive surgeries; and cost-efficiency of these surgeries in terms of pre- and post-operation care costs and length of stay at hospitals. The technological advancements and breakthroughs in the field of fluid management and visualization systems are expected to drive the global market in the coming years. Other factors that are driving the growth of the global market include a favourable reimbursement scenario in developed regions, increasing prevalence/incidences of diseases requiring endoscopy procedures, and an increase in the government funding for hospitals. However, globally, there is a shortage of specialists (physicians and surgeons) who perform these surgeries. Moreover, the investment costs for fluid management and visualization systems are extremely high for most hospitals in the developing countries. These factors are restraining the growth of the market during the forecast period of 2013 to 2018.
Some major players in the market are Stryker Corporation (U.S.), Smith & Nephew plc. (U.K.), Olympus Corporation (Japan), B Braun Melsungen AG (Germany), ConMed Corporation (U.S.), Ecolab, Inc. (U.S.), Cardinal Health, Inc. (U.S.), Smiths Medical (U.S.), AngioDynamics, Inc. (U.S.), KARL STORZ GmbH & Co. KG (Germany), and Zimmer Holdings Inc (U.S.). In addition, there are other players in the market having regional or limited presence in the global fluid management systems market. Some of these include Merit Medical (U.S.), De Royal (U.S.), Argon Medical Devices (U.S.), Arthrex (U.S.), Thermedx, LLC (U.S.), and Cantel Medical Corporation (U.S.), among others.
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