Fluid Management Equipment Market Growing a Remarkable CAGR of 6% by 2029, Key Drivers, Size, Share, Demand and Opportunity Analysis

PRESS RELEASE
Published May 2, 2023

Fluid Management Equipment Market report is the broad market research report which studies the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of Healthcare industry. Moreover, the report revises general market conditions, estimates market share and possible sales volume of Healthcare industry, figure out the probable market for a new product to be launched and discover the most appropriate method for the distribution of certain product. By taking into consideration specific base year and historic year, calculations in the report have been performed which interprets the market performance in the forecast years by giving information about what the market definition, classifications, applications, and engagements are.

Fluid management 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 systems perform a variety of functions, including fluid irrigation, deficit control, fluid freezing, and fluid filtration, among others. The global fluid management systems market is expected to grow due to rising technological developments in the healthcare industry, as well as an increase in minimally invasive surgeries.

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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Fluid management equipment 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.

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.

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.)
  • Braun SE (Germany)
  • Baxter (U.S.)
  • Ecolab (U.S.)
  • 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.)

Recent developments

  • In April 2022, Transit Scientific announced the FDA clearance of its XO Cross Support catheter platform for coronary use. The platform is intended to guide and support the guidewire during access to the peripheral or coronary vasculature, to allow wire exchange, and to provide guidance for saline or diagnostic contrast agent administration.
  • In February 2022, Medtronic plc announced that the Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters were the first and only ablation catheters approved by the FDA to treat the growing prevalence of paediatric Atrioventricular Nodal Reentrant Tachycardia (AVNRT).

This fluid management equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fluid management equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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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

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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The research examines the characteristics of the target market, as well as recent developments and patterns, industry opportunities, growth rates, sector expansion strategies, and emerging technologies. The Global Fluid Management Equipment market research report offered a very useful resource that can help stakeholders, manufacturers, decision-makers, and market participants to become familiar with all the factors impacting the growth of the global market. The report includes SWOT, and market analyses to provide a deep and clear understanding of aspects of the Global Fluid Management Equipment market.

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