Fluid Management Systems Market by Product (Dialyzers, Insufflators, Suction & Irrigation Systems, Fluid Warming Systems, Fluid Waste Management, and Others), Disposables and Accessories (Catheters, Bloodlines, Transducers, Valves, Tubing Sets, and Other), Application (Urology, Gastroenterology, Laparoscopy, Gynecology, Bronchoscopy, Arthroscopy, Cardiology, Neurology, Otoscopy, Dentistry, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026469 | Pages: 100 | Industry: Medical Device | Date: Sep 2022 | Type: Global

The market crossed US$ 11.7 billion mark in 2022 and is expected to hit US$ 23.9 billion by 2030, recording a CAGR of 8.8% during the forecast period.

The market has been significantly growing with the increasing number of invasive surgeries.

The rising risk of chronic diseases has surged the death rate. ESRD (End-Stage Renal Disease) is an illness that affects the kidneys, it permanently damages the kidneys, and they completely stop functioning. Therefore, it necessitates a regular course of long-term dialysis or a kidney transplant. According to the United States Renal Data system 2020 annual data report, 786,000 Americans were affected with ESRD. Out of them, ~71% were on dialysis, and ~29% needed a kidney transplant. All this is attributed to the growth of the fluid management systems market. Minimally invasive surgery has been a key innovation in surgery over the last 20 years, improving outcomes and becoming the standard of care in many applications. It has transformed the living donor nephrectomy operation within kidney transplantation, significantly improving outcomes. These are also increasingly being covered by health insurance providers in various countries across the globe.

Within the report, the market is segmented into product, disposables and accessories, application, and geography. Based on product, the market is segmented into dialyzers, insufflators, suction and irrigation systems, fluid warming systems, fluid waste management, and others. Based on disposables and accessories, the market is segmented into catheters, bloodlines, transducers, valves, tubing sets, and others. Based on application, the market segmentation is gastroenterology, urology, laparoscopy, gynecology, bronchoscopy, arthroscopy, cardiology, neurology, otoscopy, dentistry, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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The increasing number of chronic diseases will empower the growth of the market.

Fluid management plays an important role for any patient admitted to the hospital for managing fluids. The increasing occurrence rate of chronic conditions also drives the market's growth. Due to the rising chronic diseases such as cancer, this management equipment is witnessing growing demand in oncology. In fluid replacement, it transcends regular physiologic losses and conditions such as severe diarrhea, cutaneous burns, or vomiting. To cater to these aspects of managing fluids, thus fluid management plays an important role, and this factor will also create growth in the market.

The laparoscopy application segment is accelerating market growth.

The fluid management systems market is classified into gastroenterology, gynecology/obstetrics, laparoscopy, bronchoscopy, cardiology, arthroscopy, otoscopy, dentistry, neurology, and others. Growth in this application segment is mainly due to the increasing shift towards minimally invasive procedures. The laparoscope market is driven by various factors, including an aging population that requires surgical procedures and an increase in morbid obesity, with patients requiring bariatric surgeries, such as gastric bypass and gastric banding. Laparoscopy is a minimally invasive surgical technique that makes incisions to reach tissues. Targeted tissues include the bile duct, liver, pancreas, and many others. Due to technological advancements, the demand for laparoscopes has increased.

Recent strategic developments in the fluid management systems market

The fluid management systems market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2022,  Fresenius Medical Care North America's (FMCNA) Renal Therapies Group announced the availability of the CombiSet SMARTECHTM, the first available single-use bloodline with an integrated Crit-Line blood chamber (CLiC) that simplifies the use by reducing the number of manual connections required. It is built into the bloodline itself and designed to provide optimal performance with the 2008 series hemodialysis machines
  • In August 2022, Baxter International Inc. announced U.S. Food and Drug Administration (FDA) 510(k) clearance of its new Novum IQ syringe infusion pump (SYR) with Dose IQ Safety Software, representing Baxter’s latest developments for infusion therapy. The Novum IQ SYR can fully integrate with hospital electronic medical records (EMRs) through Baxter’s IQ Enterprise Connectivity Suite
  • In March 2021, B. Braun Avitum AG and CytoSorbents Corporation, a critical care immunotherapy leader commercializing its CytoSorb blood purification technology to treat deadly inflammation, announced the launch of a global co-marketing agreement to promote the use of CytoSorb with B. Braun’s latest OMNI continuous blood purification platform and OMNIset Plus bloodline

The fluid management systems market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., Cardinal Health, Stryker Corporation, Olympus Corporation, B. Braun SE, Medline Industries, Inc., KARL STORZ GmbH & Co. KG, Ecolab, Smiths Medical are among the prominent players operating in the market. 

The target audience for the report:

  • Raw material providers
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Devices distributors and sales firms
  • End users
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

  • Product:
    • Dialyzers
    • Insufflators
    • Suction and Irrigation Systems
    • Fluid Warming Systems
    • Fluid Waste Management
    • Others
  • Disposables and Accessories
  • Catheters
  • Bloodlines
  • Transducers
  • Valves
  • Tubing Sets
  • Others
  • Application:
    • Urology
    • Gastroenterology
    • Laparoscopy
    • Gynecology
    • Bronchoscopy
    • Arthroscopy
    • Cardiology
    • Neurology
    • Otoscopy
    • Dentistry
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Fresenius Medical Care AG & Co. KGaA
    • Baxter International Inc.
    • Cardinal Health
    • Stryker Corporation
    • Olympus Corporation
    • B. Braun SE
    • Medline Industries, Inc.
    • KARL STORZ GmbH & Co. KG
    • Ecolab
    • Smiths Medical

Companies profiled
- Fresenius Medical Care AG & Co. KGaA
- Baxter International Inc.
- Cardinal Health
- Stryker Corporation
- Olympus Corporation
- B. Braun SE
- Medline Industries, Inc.
- KARL STORZ GmbH & Co. KG
- Ecolab
- Smiths Medical

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