Technological advancement in the healthcare sector, the occurrence rate of chronic condition, and the rising geriatric population have increased in boosting the Fluid Management Equipment market.
The Global Fluid Management Equipment market is forecast to reach USD 17.66 Billion by 2027, according to a new report by Reports and Data. In patient care, fluid management plays a pivotal role, especially in inpatient medical setting. In fluid management, it is essential to understand that every patient has different fluid needs that are needed to be considered by care providers. One particular aspect to be considered in fluid management is, in every case of fluid loss, it is important to replace the lost fluids as accurately as possible. The fluids to be managed is dependent and various on the medical condition of patients and by composition and volume. As an instance, when a patient is admitted to hospital with severe burns, the care user will require higher level of fluids as compared to a patient who is relatively healthy allows to avoid oral consumption and waiting for a procedure. similarly a patient admitted with diarrhea would require fluid composition varying from a patient admitted with hypovolemic shock. Usually for healthy individuals it is advised to consume fluids orally ie the natural route of food intake. However, care users with severe conditions may not be able to tolerate oral intake. Thus, fluid management is an integral aspect of care services for any patient admitted to hospital, which can be addressed with fluid management equipment like infusion therapy products. Alternative routes of administration like intravenous access can provide fluids directly to the vascular system. Usually for healthy individuals it is advised to consume fluids orally ie the natural route of food intake. However, care users with severe conditions may not be able to tolerate oral intake. Thus, fluid management is an integral aspect of care services for any patient admitted to hospital, which can be addressed with fluid management equipment like infusion therapy products. Alternative routes of administration like intravenous access can provide fluids directly to the vascular system. Usually for healthy individuals it is advised to consume fluids orally ie the natural route of food intake. However, care users with severe conditions may not be able to tolerate oral intake. Thus, fluid management is an integral aspect of care services for any patient admitted to hospital, which can be addressed with fluid management equipment like infusion therapy products. Alternative routes of administration like intravenous access can provide fluids directly to the vascular system.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launch, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Stryker, Smiths Medical, Olympus, Fresenius Medical Care, CONMED, Braun Melsungen AG, Baxter International Inc., Ecolab Inc., Ecolab Inc., Smiths Group PLC and Serres.
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The Fluid Management Equipment market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends , supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Product Type Outlook (Revenue, USD Billion; 2016-2027)
- Infusion therapy products
- Endoscopic fluid management products
- Renal fluid management product
Application Outlook (Revenue, USD Billion; 2016-2027)
- Cardiology
- Urology
- Neurology
- Orthopedic/Osteology
- Gastroenterology
- Oncology
- Others
End-user Outlook (Revenue, USD Billion; 2016-2027)
- hospital
- Clinics
- Diagnostic centers
- Home care settings
- Others
Key Regions Analyzed in the Report includes:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Furthermore, it consists of information about individual segment of the Fluid Management Equipment market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- The Fluid Management Equipment market held a market share of USD 10.60 Billion in the year 2018 that is forecasted to grow at a rate of 5.8% during the forecast period.
- In context to Product Type, the Infusion therapy products segment is generated the highest revenue of USD 5.51 Billion in 2018, with a CAGR of 5.8% during the forecast period. Rising occurrence rate of chronic conditions and applicability of these equipment in treating serious conditions in which, patients does not respond to oral contributes to the revenue generated by this segment.
- In context to Application, the Urology segment held the largest market share of more than 20.0% in 2018, with a CAGR of 5.9% during the forecast period. The market share occupied by the Urology segment is attributed to elevated use of dialysis products in urology for blood purification wherein fluid management plays an integral role, contributing to the market share held by this segment.
- In regards to End-user, the Hospital segment held the largest market share of more than 40.0% in 2018, with a CAGR of 5.9% during the forecast period. The market share held by the segment is attributed to increasing occurrence rate of chronic conditions and increasing demand for indoor patient care for these conditions in hospital, which results in its elevated use of these equipment in this segment.
- In regards to the region, Asia Pacific is projected to witness the fastest growth rate of 6.3% during the forecast, which is expected to hold more than 0% of the market by 2027. The elevating emphasis on RD activities and technological developments in the healthcare healthcare sector are supporting the expansion of the market in this region.
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