Fluid Visualization Systems Market poised to reach $25,908.4 Million by 2018 - New Research Report by MarketsandMarkets
(PRWEB) November 17, 2014 -- The “Fluid Management & Visualization Systems Market”, defines and segments the fluid visualization systems market with an analysis and forecast of value by product, such as suction & irrigation, dialyzes, fluid warming and waste management. Along with this, the value and volumes of the fluid visualization systems by applications and regions are also discussed in the report.
The market was valued at $19,285.5 million in 2013 and is expected to reach $25,908.4 million by 2018.
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Fluid management systems are used to perform different functions such as fluid deficit monitoring, fluid irrigation and suction, fluid warming, pressure monitoring, fluid filtration, and fluid waste collection during endosurgeries. The fluid management systems are further classified into integrated systems and standalone systems which consist of fluid warming systems, fluid waste management systems, dialyzes, suction and irrigation systems, and insufflators.
For the purpose of this study, the market is segmented on the basis of product types, applications, and geographies. Based on the type of product, the market is divided into three segments namely, fluid management systems, fluid management accessories, and consumables, and visualization systems.
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The visualization systems market is categorized into endoscopic cameras, video processors, video converters, camera heads, transmitters and receivers, endoscopic light sources, monitors and display systems, medical grade printers, light cables, carts, and others. Whereas, depending on application area, the market is classified into gastroenterology, laparoscopy, urology, arthroscopy, gynecology/obstetrics, neurology, cardiology bronchoscopy, laryngoscopy, otoscopy, dental surgery, anesthesiology, and other applications.
In 2013, North America contributed the largest share to the market, followed by Europe, Asia-Pacific, and the Rest of the World. However, the developed markets like North America and Europe are reaching maturity and are likely to grow at lower CAGRs as compared to the high-growth markets across the Asia-Pacific and Latin American regions. The stringent FDA guidelines regarding the manufacturing of fluid management and visualization systems and cost containment pressures due to increasing competition from key and regional market players are restraining the growth of this market in the developed countries.
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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), Richard Wolf GmbH (Germany), and Zimmer Holdings Inc (U.S.).
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