Fluid management systems Market Demands, Status and Application

Global fluid management systems market

Market Overview:

It is estimated that the worldwide market for fluid management devices will experience a elevated CAGR during the forecast period. Fluid management is an significant component of every angiographic diagnosis and intervention.

Increase the number of minimally invasive surgery procedures:

They have been produced easier and more effective by technological advances in surgeries. In latest times, methods for laparoscopy have become more common. It took a long time for this method to be commonly accepted in this industry as a gold standard. However, there has been a growing preference for surgical procedures to be less invasive with the growing achievement of laparoscopy over the previous century. It is now also regarded a secure treatment procedure for obesity. New minimally invasive surgery procedures were created and tailored to different surgery therapy modalities.

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As a result, these rising minimally invasive processes drive the market for fluid management systems. Other factors such as increased funding for endosurgical processes around the globe, increased incidences of illnesses linked to the digestive, respiratory, neural and reproductive system, and favourable reimbursement policies are boosting the market.

Lack of skilled labor/surgeons:

In total surgical therapy, fluid management plays an essential role. Proper fluid administration is critical, particularly in patients undergoing major surgery such as emergency laparotomies, bowel resections, and procedures for hepatectomy. Hence, surgeons need to be conscious of the pros and cons of present methods for fluid management and their impacts on surgical outcome. One of the primary constraints in this industry is the lack of qualified surgeons. Many advanced and underdeveloped countries lack the infrastructure necessary to address this problem.

A classic example is Africa, where the number of skilled surgeons due to lack of training programs is extremely low. Africa has an enormous deficiency in the amount of health employees; one surgeon in rural regions for every 2.5 million Africans; 10 fully qualified surgeons in Sierra Leone for a population of 6 million. Without a single permanent surgeon, Malawi has 21 district hospitals. The absence of skilled labor and costly surgical procedures restrict fluid management systems market development.

US have the highest market share:

In North America, the U.S. dominates the market for fluid management systems owing to technological development, increasing aging and ill population, growing amount of minimally invasive surgeries, and growing number of dialysis facilities. During the forecast period, Asia-Pacific is anticipated to record significant development.

Key developments in the market:

• December 2017: Roche and Ignyta made a definitive merger agreement.

• July 2017: Baxter had acquired the Claris Injectables.

Major players:

Acacia, Inc., ALCOR Scientific, Inc., B Braun Melsungen AG, Carefusion Corporation, Animas Corporation, Baxter AG, Medtronic, F. Hoffmann-La Roche Ltd, and Stryker Instruments, among others are the major players.

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