Fluid Management System Market, by Product Type (Standalone Fluid Management System and Fluid Management Disposables & Accessories), by Application (Gastroenterology, Urology, Neurology, Cardiology, Laparoscopy, Gynecology, and Dentistry), by End Users (Hospitals, Diagnostic Centers, and Research Laboratories and Centers) and by Region - Size, Share, Outlook and Opportunity Analysis 2018–2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Fluid management systems are intended for maintaining body fluid content and to avoid complications associated with undesirable levels of body fluids. Moreover, this system is used for the treatment of life-threatening medical conditions such as end stage renal failure.

The fluid management system allows safe control of blood plasma, blood, and other body fluids entering or exiting during any procedure. This system also performs other functions such as fluid warming, fluid irrigation, fluid monitoring, and fluid filtration.

The key factors influencing the fluid management system market trends are rapid launches of dialyzers by manufacturers and increasing incidences of chronic diseases, such as end stage renal disease, or diabetes. Moreover, the fluid management system market growth is propelled by strategic moves of market players to sustain or exceed market competition.

Fluid Management System Market Dynamics

Increasing product launches in dialysis segment of standalone fluid management system is adding a wide range of product options in the market with better systems for better treatment of kidney associated medical conditions. For instance, in 2016, Baxter International Inc. launched Theronova dialyzer with wider range of molecules which can be filters, in Europe.

Furthermore, in 2014 NxStage Medical, Inc., a dialysis product manufacturer, received U.S. FDA approval for its innovative hemodialysis product, System One. System One is intended to perform hemodialysis overnight for the patients at home.

Fluid management systems are also used in minimally invasive surgical procedure to manage the fluid levels. Henceforth, increasing adoption of minimally invasive surgical procedures are also expected to propel the market growth over the forecast period. The fluid management system market is expected to notice inevitable shift towards disposable accessories owing to increasing adoption of disposable accessories such as catheters, during the forecast period. The awareness of disease spread by sharing of the accessories is expected to enhance the adoption of disposable accessories used for fluid management systems market.

Increasing use of dialyzers to support chronic kidney disorder and patients waiting for kidney transplant is also supporting the fluid management system market growth. According to the data of Global Burden of Disease Study, in 2015, kidney disease leads to the death of 1.1 million people across the world being the 12th most common cause of death.

High procedure cost and lack of skilled professionals are the major factors restraining the fluid management system market growth.

Fluid Management System Market - Regional Analysis

The global fluid management system market is segmented into six regions such as North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America fluid management system market holds the dominant position in the global fluid management system market over the forecast period.

 High market share of North America is attributed to increasing product launches with advanced technology by market players. For instance, in 2016 B. Braun’s Renal therapeutic division, launched Xevonta, next generation dialyzer with high performance for toxin clearance, in the U.S. market.

However, Asia Pacific fluid management system market is anticipated to witness the highest CAGR during forecast period, owing to increasing medical infrastructure and adoption of minimally invasive surgical procedures in emerging economies such as India, China, and Japan. Moreover, factors such as rising surge in medical tourism and increasing numbers of hospitals in Asia Pacific contributes towards rapid growth of fluid management system in this region.

Fluid Management System Market – Competitive Landscape

Major players involved in fluid management system market are Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., B. Braun Melsungen AG, and Olympus Corporation. Apart from major players, some other players operating in the fluid management systems and accessories market include Stryker Corporation, Ecolab Inc., Cardinal Health, Inc., Smiths Medical, KARL STORZ GmbH & Co. KG, Zimmer Biomet Holdings Inc., AngioDynamics, Inc., and Karl Storz GmbH & Co. KG.

Strategic mergers and acquisitions by key players plays an important role in fluid management system market’s growth. For instance, in 2016, Medtronic plc acquired Bellco, a privately held hemodialysis treatment solution company. The acquisition is expected to expand the therapeutic access at optimum cost for the patients of end stage renal disease.

In 2013, Baxter International Inc. acquired Gambro AB, a Sweden-based dialysis product manufacturer, to excel in the renal therapy market. Acquisition may help Baxter to grab better foothold in those regions where Gambro had strong presence such as Europe and high growth regions such as Latin America and Asia Pacific.

Fluid Management System Market - Taxonomy

On the basis of product type, the fluid management system market is segmented into:

  • Standalone Fluid Management System
    • Dialyzers
    • Fluid Waste Management System
    • Fluid Warming System
  • Fluid Management Disposables And Accessories
    • Catheters
    • Canisters
    • Pressure Monitoring lines
    • Bloodlines
    • Pressure transducers

On the basis of application, the fluid management system market is segmented into:

  • Gastroenterology
  • Urology
  • Neurology
  • Cardiology
  • Laparoscopy
  • Gynecology
  • Dentistry

On the basis of end user, the fluid management system market is segmented into:

  • Hospitals
  • Diagnostic Centers
  • Research Laboratories and Centers

On the basis of region, the fluid management system market is segmented into:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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