Growth in the number of various diseases, the demand for fluid management systems has grown at a rapid rate. These diseases range from nephrological, laparoscopic, gastrointestinal, orthopedic and neurological conditions. Scientific breakthroughs and rising demand are the major driving factors for the fluid management systems market. Growing demand for minimally invasive surgeries and increasing government funding are also expected to create better opportunities for the industry in terms of investments, revenue channels and research and development activities.
Scope of Research – Segments
Although in the transition phase, the global market is looking forward to the growing opportunities as far as the business expansions and major investments are concerned. The global fluid management systems market is segmented on the basis of the types of products and their applications and geographic regions. Based on the types of products, the market is segmented into integrated and standalone fluid management systems, and fluid management disposables and accessories.
Other product segments in the industry include video converters and processors, endoscopic cameras, monitors and displays, light sources, camera heads, carts, receivers and transmitters, etc. The applications of the fluid management systems are divided into urology, gastroenterology, arthroscopy, gynecology, otoscopy, dentistry, cardiology, anesthesiology, broncoscopy and others. In terms of geography, the market is segmented into North America, Europe, Asia Pacific and the rest of the world.
Drivers and Opportunities from 2014
According to the expert researchers, the global fluid management systems market is driven by the growing trends of adoption and rising demand on the global scale. Increasing instances of diseases and minimally invasive diagnostics and treatments are also expected to reflect on the trends of growth in the industry. Growth in government grants and funding along with innovative applications of the existing technologies are also expected to influence the market. Untapped market potential, multi-functionality of the existing devices and rising trend of disposable devices are also estimated to influence the market.
However, several factors like lack of experiences and skilled surgeons and growing costs of the surgical proceedings are expected to hinder the growth in the industry. Additional governmental support and adoption trends across emerging markets on the other hand are expected to reflect on the overall demand in the market. According to the market research reports, the fluid management systems market is estimated to make healthy growth and reach past $25,908.4 Million by 2018. During the forecasting frame, North America is projected to capture more than half of the market share.