(I-BusinessNews.Com, November 27, 2018 ) According to a new market research report “Fluid Management Systems Market by Product (Dialyzers, Insufflators, Fluid Warming systems, Pressure Transducers, Suction Canister), Disposables and Accessories, & Application (Urology, Laparoscopy, Gastroenterology, Gynecology) – Forecast to 2021″, published by MarketsandMarkets, the market is projected to reach USD 12.47 Billion by 2021 from USD 9.39 Billion in 2016, at a CAGR of 5.8% during the forecast period.
Key Growth Factors:
Market growth can be attributed to the increase in number of minimally invasive surgeries, technological advancements in fluid management systems, and increase in government funds and grants worldwide for endosurgical procedures are driving the fluid management systems and accessories market.
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The Fluid Management Systems and Accessories Market is segmented on the basis of product type, application, and regions. Based on the product type, the fluid management systems and accessories is segmented into fluid management systems and fluid management disposables & accessories. In 2015, the fluid management systems accounted the largest share of the market. The large share of this segment is mainly attributed to rising number of minimally invasive surgeries and high adoption of these systems in hospitals.
North America was the major market for fluid management systems and accessories followed by Europe and Asia-Pacific. The large share of this region can be attributed to the growth in aging and chronically ill population, increasing number of minimally invasive surgeries, growth in the number of dialysis centers, rising usage of single-use disposable accessories, and advancements in technologies. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
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Some of the major players operating in the Fluid Management Systems and Accessories Market include Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (U.S.), B. Braun Melsungen AG (Germany), Stryker Corporation (U.S.), Olympus Corporation (Japan), Ecolab Inc. (U.S.), Cardinal Health, Inc. (U.S.), Smiths Medical (U.K.), KARL STORZ GmbH & Co. KG (Germany), Zimmer Biomet Holdings Inc. (U.S.), AngioDynamics, Inc. (U.S.), and Karl Storz GmbH & Co. KG (Germany).
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