Global Fluid Management System Market Analysis
Fluid management systems are designed to keep bodily fluid levels in check and minimize problems caused by high amounts of body fluids. In addition, this technology is utilized to treat life-threatening medical diseases including end-stage renal failure.
The fluid management system provides for the safe entry and departure of blood plasma, hemoglobin, and other bodily fluids throughout any treatment. Other tasks of this system include fluid warming, fluid irrigation, fluid monitoring, and fluid filtering.
Quick dialyzer released by companies and rising rates of chronic illnesses such as final-stage renal disease or diabetes are two important factors driving fluid management system market developments. Furthermore, market players’ deliberate actions to maintain or exceed market competitiveness drive the global fluid management system market forward.
Increased product introductions in the dialysis category of standalone fluid management systems are expanding the market’s product possibilities, providing better systems for treating kidney-related medical problems. Baxter International Inc. released Theronova dialyzer in Europe in 2016, with a larger spectrum of compounds that can be filtered.
Moreover, in 2014 NxStage Medical, Inc., a dialysis device manufacturer, obtained U.S. FDA clearance for its revolutionary hemodialysis solution, System One. System One is designed to provide hemodialysis to patients at home overnight.
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Fluid management systems are also utilized to control fluid levels in minimally invasive surgical procedures. As a result, the acceptance of minimally invasive surgical techniques is projected to drive market development during the forecast period. Increasing usage of reusable equipment such as catheters is projected to push the global fluid management system market towards disposable accessories over the forecast period. The increased awareness of disease transmission through distribution of accessories is likely to boost the usage of disposable accessories for fluid management systems.
Dialyzers are being increasingly used to help patients with chronic renal disease and those waiting for a kidney transplant, which is fueling the expansion of the global fluid management system market. According to the Global Burden of Illness Study, renal disease killed 1.1 million people worldwide in 2015, making it the 12th most frequent cause of death.
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The global fluid management system market is being held back by high process costs and a scarcity of trained experts.
During the forecast period, the North America fluid management system market will retain a prominent position in the global fluid management system market. Increased product releases with sophisticated technology by industry participants are credited with North America’s high market share. B. Braun’s Renal Therapeutic Division introduced Xevonta, a next-generation dialyzer with excellent toxin removal performance, in 2016.
Due to expanding medical infrastructure and acceptance of minimally invasive surgical techniques in emerging economies such as India, China, and Japan, the Asia Pacific fluid management system market is expected to grow at the fastest rate during the projected period. Medical tourism is on the rise, and the number of hospitals in Asia Pacific is on the rise, contributing to the region’s rapid expansion in the global fluid management system market.
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Key companies contributing in the global fluid management system market include Olympus Corporation, Cardinal Health, Inc., B. Braun Melsungen AG, KARL STORZ GmbH & Co. KG, Baxter International Inc., Fresenius Medical Care AG & Co. KGaA, Karl Storz GmbH & Co. KG., AngioDynamics, Inc., Zimmer Biomet Holdings Inc., Ecolab Inc., Smiths Medical, and Stryker Corporation.
The expansion of the global fluid management system market is aided by strategic mergers and acquisitions by major competitors. Bellco, a privately held hemodialysis treatment solution firm, was purchased by Medtronic plc. in 2016. The purchase is anticipated to increase treatment access for patients with end-stage renal illness at a low cost.
To compete in the renal treatment industry, Baxter International Inc. purchased Gambro AB, a Swedish dialysis product producer, in 2013. Baxter may benefit from the acquisition by gaining a stronger footing in countries where Gambro has a significant presence, such as Europe and high-growth markets like Latin America and Asia Pacific.
Table of Content
Global Fluid Management System Market Research Report
Section 1: Global Fluid Management System Industry Overview
Section 2: Global Economic Impact on Fluid Management System Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Fluid Management System Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Fluid Management System Market Forecast
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