Market Definition:
The global fluid management systems market was valued at USD 8.9 billion in 2021 and it is anticipated to grow further up to USD 30.6 billion by 2031, at a CAGR of 13.1% during the forecast period.
Maintaining appropriate fluid levels in the body involves either administering intravenous fluids or doing procedures like dialysis. Important components of the fluid management system include perioperative fluid management, postoperative fluid management, endoscopic fluid management, management of fluid levels in critically ill patients, fluid management in chronic kidney diseases, and IV treatments for dehydration brought on by diarrhea and vomiting.
To Know More: https://www.globalinsightservices.com/reports/fluid-management-systems-market/
Market Outlook:
Minimally invasive procedures have a number of benefits over open procedures, including less postoperative problems, quicker hospital stays, and lower chances of surgical site infections. Numerous minimally invasive procedures are considered outpatient procedures, meaning the patient is not required to spend the night in a hospital. By choosing minimally invasive procedures over open surgery for routine procedures on the appendix, colon, and lungs, hospitals in the US could collectively avoid thousands of post-surgical complications and save between USD 280 and 340 million each year.
In numerous nations around the world, health insurance providers are progressively covering minimally invasive surgeries. Many patients and doctors choose minimally invasive operations over other surgical treatments due to their benefits. As of 2017, more than 7.5 million surgical and minimally invasive cosmetic treatments were carried out in the US; this number is expected to increase by 2% a year (Source: American Association of Pharmaceutical Scientists). The need for fluid management systems and accessories is also anticipated to increase as the number of minimally invasive cancer treatments increases.
Market Restraints and Challenges
Due to the substantial usage of specialist equipment and extended surgery time, minimally invasive operations are more expensive than open surgeries. For the majority of hospitals in underdeveloped nations, the investment expenses for endoscopic equipment are very high. The average cost of an HD colonoscopy equipment is between USD 100,000 and USD 120,000, which is a remarkably significant investment for healthcare practitioners in developing countries like India, Brazil, and Mexico that have less money to spend on high-end technology. The operating cost of any endoscopy system purchased by the healthcare provider will also be increased by the need for employees to be trained in the use and maintenance of endoscopic systems and equipment.
Endoscopy operations are typically expensive due to the significant capital, training, and maintenance expenditures. For instance, in many developing nations, the average cost of a colonoscopy operation is between USD 2,000 and 3,000. Additionally, there is little to no reimbursement for endoscopic operations in the majority of Asian nations. Endoscopic operations are often more expensive, which leads doctors and patients to choose less expensive alternatives. This restricts the use of endoscopic procedures globally and has an impact on the development of related sectors like fluid management systems and accessories.
Request Sample: https://www.globalinsightservices.com/request-sample/GIS10288
Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
Request Customization: https://www.globalinsightservices.com/request-customization/GIS10288
Global Fluid Management Systems Market Segmental Overview
The report analyses the global fluid management systems market based on product, application, end user, and regions.
Major Players in the Global Fluid Management Systems Market
The key players studied in the global fluid management systems market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Stryker Corporation (US), Olympus Corporation (Japan), Medline Industries, Inc. (US), KARL STORZ GmbH & Co. KG (Germany), Ecolab Inc. (US), Smiths Medical (UK), Zimmer Biomet Holdings Inc. (US), Medtronic plc (Ireland), FUJIFILM Holdings Corporation (Japan), CONMED Corporation (US), Hologic, Inc. (US), Arthrex, Inc. (US), Thermedx, LLC. (US), COMEG Medical Technologies (Germany), and EndoMed Systems GmbH (Germany).
Request Discounted Pricing: https://www.globalinsightservices.com/request-special-pricing/GIS10288
Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
Buy your copy here: https://www.globalinsightservices.com/checkout/single_user/GIS10288
About Us:
With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Infographic excel data pack, easy to analyze big data
• Robust and transparent research methodology
• Unmatched data quality and after sales service
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.