Global Fluid Management Devices Market 2017-2021

Overview of the global fluid management devices market

Technavio’s market research report predicts that the global fluid management devices market will post a CAGR of above 6% during the forecast period. Advancements in the healthcare infrastructure is one of the primary drivers for market growth. Rising investments by governments and manufacturing companies have enhanced the quality of the healthcare services and a global rise in the number of hospitals, and the other medical facilities are observed. Moreover, factors like easy access to funds through domestic and private investments, capital markets, non‐government funds, external borrowing and aid, foreign direct investment, and private equity investment, have led to the constant rise of private hospitals and the services provided by them. Medicines backed up by government policies and programs, public/social insurance offered to the older adult and below the poverty line population and the availability of technologically enhanced equipment attracts more people to health care providers. This rise in healthcare service providers will consequently rise the demand for fluid management devices globally.

One of the latest trends that will gain traction in the global fluid management devices market is the rising demand for single-use devices. Due to the risks of cross-contamination leading to hospital-acquired infections or nosocomial infections, medical personnel across the globe are switching to single-use devices over the conventional reusable ones. Several vendors in the Americas and European regions are concentrating on the development of single-use devices as the market has increased penetration rates due to stringent regulatory and government initiatives for the betterment of healthcare facilities. Moreover, these products offer maintenance costs and lessen the duration of the sterilization process.

Competitive analysis and key vendors