Fluid Management System Market Overview
Fluid Management System is designed to control and monitor the consumption and inventory balances of automotive fluid products with minimal installation and programming costs. Fluid management systems allow for the safe control of contrast, saline, blood, and other liquids entering and leaving the body during a procedure.
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. Fluid management system is used to minimize the operation cost, medication cost and control and reduce wastage. Entire workflow of fluid management system is automated, safe, digitized and online. The credit of the rising interest on the fluid management devices market could be given to an expansion in the quantity of social healthcare service providers.
Fluid Management Systems Market Forecast Report (2018-2023)
The Global Fluid Management Systems Market is worth USD 10.51 billion in 2018 and estimated to grow at a CAGR of 5.8%, to reach USD 13.93 billion by 2023.
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Fluid Management Systems Market Segmentation
The Global market for Fluid Management Systems is segmented on the basis of product and application. Based on product, the market is segmented into fluid management system and fluid management disposables & accessories. On the basis of applications, the market is categorized into urology, gastroenterology, laparoscopy, gynecology/ obstetrics, bronchoscopy, arthroscopy, cardiology, neurology, otoscopy, dentistry and anesthesiology.
Geographically, the Fluid Management Systems market is fragmented into Asia-Pacific, North America, Europe, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, followed by Europe. Asia Pacific region is expected to witness the High CGAR during the forecast period.
The major companies dominating this market for its products and services are
- Fresenius Medical Care AG & Co.
- KGaA (Germany)
- Baxter International, Inc. (U.S.)
- Braun Melsungen AG (Germany)
- Ecolab, Inc. (U.S.)
- Zimmer Biomet Holdings Inc. (U.S.)
- Cardinal Health, Inc. (U.S.)
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