The global fluid management market size was estimated to be US$ 14.1 billion in 2021 and is expected grow at a CAGR of 9.2% between 2023 to 2032.
During medical procedures fluid management devices control blood, saline and other liquids that enter and leave the body. Proper fluid management prevents problems that result from abnormal or undesired fluid levels and helps to maintain the fluid balance.
The global fluid management market is predicted to witness drastic growth because of new technological advancements and increase in government funding and increased number of minimally invasive surgeries. The rising government expenditure of chronic diseases and high adoption rate of advanced surgical procedures also are contributing factors in the growth of this market. Rising disposable income from emerging nations is also expected to boost this market globally.
Region wise North America is the leader in the global fluid management market due to high medical reimbursement facilities and rapid development in technology. Asia Pacific region is expected to expand at a significant rate during 2019 - 2032 due to rising demand of minimally invasive surgeries, rising research activities.
Rising geriatric and chronically ill population and technological advancements in endo surgical procedures have led to an increase on the global fluid management market.
Increasing prevalence of chronic diseases related to neurological, gastrointestinal tract, orthopedic, and nephrology related disorders are expected to drive demand in the fluid management systems market over the forecast period.
The global pandemic of COVID-19 has given biopharmaceutical and pharmaceutical companies numerous opportunities to increase their research and development budgets in order to offer hemodynamic support to critically ill patients. As the number of clinical trials increase so does the need for administering of crystalloids for acute resuscitation of patients.
The serious shortage of surgeons worldwide, the lack of consumer awareness regarding diseases such as end-stage kidney diseases, high costs of endo-surgical procedures are expected to impede the growth of the fluid management systems market. Manufacture of medical fluids is a highly complex and costly process that requires significant investments, clinical trial expertise, quality systems, scientific standards and technical capabilities. Regulatory authorities may require additional preclinical and clinical data to prove that the manufacturing process has not impacted the safety or the efficacy of the product.
Fluid Management Market Share Analysis, by Geography (2022)
Major players active in the global fluid management market include Hologic Inc, Stryker Inc, Medtronics PLC, Baxter International Inc, Cardinal Health Inc, Fresenius Medical Care, Olympus Corporation, DePuy Synthes (a J&J. Company) and others.
By Product
By Application
By End-users
By Geography
The fluid management market is estimated to expand at a CAGR of 9.2% from 2023 to 2032.
The global fluid management market is predicted to witness drastic growth because of new technological advancements and increase in government funding and increased number of minimally invasive surgeries.
Region wise North America is the leader in the global fluid management market due to high medical reimbursement facilities and rapid development in technology.
The end-use segments in fluid management market are Hospitals, Clinics, Dialysis Centers, Home Care Settings and others.
Major players operating in the global fluid management market include Hologic Inc, Stryker Inc, Medtronics PLC, Baxter International Inc, Cardinal Health Inc, Fresenius Medical Care, Olympus Corporation, DePuy Synthes (a J&J. Company) and others.
The fluid management market size was estimated to be US$ 14.1 billion in 2021.
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