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

The global fluid management devices market is highly competitive with the presence of Tier-1, Tier-2, and Tier-3 companies. The market competition will grow with the new product launches, and technological advancements and the vendors offer a wide range of standalone, integrated fluid management devices, single-use and reusable consumables with various features. The key players in the market compete based on cost, availability, and brand and the growth of the players depends on market conditions, government support, and medical industry development.

Key vendors in the market are:

• CONMED
• Fresenius Medical Care
• Olympus
• Smiths Medical
• Stryker

Other prominent vendors include Allen Medical Systems, Allied Healthcare, Andocor, AngioDynamics, Argon Medical Devices, B. Braun, Baxter, Bemis Manufacturing Company, Biomerics, C. R. Bard, Cardinal Health, DeRoyal Industries, Ecolab, Gambro, KARL STORZ, KAWASUMI LABORATORIES, Medical Components, Medtronic, Merit Medical Systems, Navilyst Medical, Nikkiso, Nipro Medical Corporation, NxStage Medical, Precision Medical, Skyline Medical, Smiths Group , LivaNova, Teleflex, Terumo Medical Corporation, and Zimmer Biomet.

Segmentation by end-users and analysis of the fluid management devices market

• Hospitals
• Ambulatory surgical center (ASCs)

During 2016, the hospitals dominated the end-user segment of the fluid management devices market. The significant rise of fluid waste in the multi-speciality hospitals or hospital groups that work under government sponsorship or through private entities will drive the growth of this market segment.

Geographical segmentation and analysis of the fluid management devices market

• Americas
• APAC
• EMEA

In terms of geography, the Americas led the global fluid management devices market during 2016 and is anticipated to continue the dominion during the forecast period. Factors such as the rising occurrence of chronic disorders like cardiac, obesity, urology, neurology, and arthroscopy and growing need for various types of fluid management devices in hospitals and ASCs drives the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fluid management devices market?
• What are the key market trends impacting the growth of the global fluid management devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global fluid management devices market?
• What are the market opportunities and threats faced by the vendors in the global fluid management devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global fluid management devices market?

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