Fluid Management Systems Market Size, Share Global Analysis Report, 2022 – 2030

Industry Insights

[218+ Pages Report] According to the report published by Facts Factors, the global fluid management systems market size was worth around USD 4 billion in 2021 and is predicted to grow to around USD 26.8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 13% between 2022 and 2030. The report analyzes the global fluid management systems market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the fluid management systems market.

Market Overview

Fluid management in healthcare signifies the importance of accurate fluid supply to patients undergoing treatment. During medical care, some patients may suffer from conditions that may disallow the body to generate necessary body fluid on its own prompting the help of external sources to regulate the hydration level in the body. Any mismanagement of fluid could lead to severe morbidity or in some cases, may even be fatal. Hence fluid management has to be accurate and thoughtful which translates to which fluid should be given to the patient and in what quantity.

Fluid management systems are devices to help the nursing staff to cater to the fluid needs of the patients and the right devices must be used at the right time to deliver the fluid for maximum impact. Since the demands and requirements of every patient may be different and there is no standard rule for all patients, fluid management becomes even more complicated and complex. One general principle that has to be followed is to constantly replace the fluid which is being lost and in the right amount. Fluid management and these systems thereby used are important aspects of patient care and every medical facility has to be well-equipped with these devices at all times.

Key Insights

• As per the analysis shared by our research analyst, the global fluid management systems market is estimated to grow annually at a CAGR of around 13% over the forecast period (2022-2030)
• In terms of revenue, the global fluid management systems market size was valued at around USD 4 billion in 2021 and is projected to reach USD 26.8 billion, by 2030.
• The market is projected to grow at a significant rate due to the increasing emphasis on accurate and quality medical care
• Based on product type segmentation, standalone fluid management systems were predicted to show maximum market share in the year 2021
• Based on application segmentation, neurology was the leading resin in 2021
• On the basis of region, North America was the leading revenue generator in 2021

Growth Drivers

• Increasing emphasis on the right medical care to promote market demand

The global fluid management systems market is projected to grow owing to the increasing emphasis on accurate and quality medical care as patients and their families become more aware of the options available in the market. With globalization, increasing employment rate, information availability, and disposable income, end-consumers have become aware of the importance of the right healthcare. This in turn has pushed the global market providers to up their offerings in terms of products and services. Hospitals and medical centers are being held responsible in case of negligence leading to hospital authorities making sure that only top-notch and high-grade are used.

With the growing demand from the end-line, manufacturers of fluid management devices or systems have increased their spending on research and development of new products which means that more illnesses can be treated effectively thus bridging the gap that exists between the requirement of the patient and the supply of quality of medical care. As per a recent report, the top 10 medical device manufacturing companies spent over USD 1.15 billion on research in the last year while a clinical journal article in 2021, stated that the US hospitals spent over USD 200 billion on medical devices.

Restraints

• Inaccessibility in under-developed nations to challenge the market expansion

Even though access to proper medical care is a basic necessity, there are various regions in remote areas and underdeveloped nations that lack access to accurate healthcare. This could severely impact global fluid management systems market growth. The latest report submitted by the World Bank Group and the World Health Organization has reported that more than 400 million people across the world do not have access to essential and required healthcare services.

Opportunities

• Growing infrastructure to create growth opportunities

The global market is projected to benefit from the increased spending on infrastructure development in a bid to emerge as the next leading nation in the current changing political dynamics. In the recent South African budget, the finance ministry issued more than USD 16 billion to be spent only on the medical care architecture of the country. This is an increase of 1.1% from the allocated budget in 2021. The number stood at £225 billion in developed nations, particularly the United Kingdom. 

Challenges

• Presence of low-quality products to challenge the market expansion

Even though there are authorities and regulations in place to manage the flow of authorized systems only, in many countries, the number of producers of low-grade products is exceptionally high which leads to severe consequences. The circulation of fake medical devices, equipment, and systems is a major problem that the global market players as well as the governments are trying to handle but have failed to gain complete control over this concern. As per a recent report, in developing nations, 1 in every 10 medical equipment is known to be a low-grade or a counterfeit product.

Segmentation Analysis

The global fluid management systems market is segmented by product type, accessories, application, end-user, and region.

Based on products type, the global market segments are standalone fluid management systems and integrated fluid management systems. The global market witnessed the highest growth in standalone fluid management systems as they offer higher flexibility and can be used for different types of medical concerns. The demand rose exponentially due to the impact of Covid-19. Integrated systems are best suited for special issues which means that they offer specialized and customized solutions thus restricting their use. In 2019, on average, the US recorded around 36 million patient admissions in 2019.

Based on application, the global market divisions are gynecology, urology, neurology, gastroenterology, dentistry, otoscopy, and arthroscopy. The global market is predicted to be led by the neurology segment in the coming years owing to the increasing use of minimally invasive techniques used in the process and higher development in the field. More than 22 million American citizens are anticipated to suffer from neurological disorders every year.

Recent Developments:

• In January 2021, Hologic (HOLX) launched the company’s recent CE-marked technology also known as the Fluent fluid management system in the European market. The new system is designed to help medical professionals provide accurate fluid management care to their patients during procedures involved in hysteroscopy
• In May 2020, Baxter announced the result of its clinical trial conducted to study the advantages of using dynamic fluid management in patients suffering from septic shock

Report Scope

Regional Analysis

• North America to lead the market growth during the projection period.

The global fluid management systems market is projected to witness surging growth in North America due to the extremely advanced healthcare infrastructure in countries like the US and Canada. The growing applications of equipment for fluid management in ambulatory services are expected to help contribute to regional market growth.

The US is home to some of the biggest suppliers of fluid management systems. Baxter, Inc. a leading multinational healthcare company headquartered in the US, made a revenue of USD 13 billion in 2021. The increase was more than 10% from last year’s revenue. As the company increases its investments in the research field along with rising efforts toward market domination by exploring newer markets, regional growth may gain further momentum. Europe is anticipated to lead at a high CAGR due to the increasing spending on healthcare in countries like Denmark, Austria, and the UK which are ranked in the top 10 quality healthcare providers across the globe.

Competitive Analysis

• Baxter International Inc. 
• Hologic Inc 
• Fresenius Medical Care 
• Stryker Inc 
• Cardinal Health Inc.

The global fluid management systems market is segmented as follows:

By Product Type Segment Analysis

• Standalone Fluid Management Systems
• Integrated Fluid Management Systems

By Accessories Segment Analysis

• Tubing Sets
• Catheters
• Suction Canisters
• Valves
• Bloodlines

By Application Segment Analysis

• Gynecology
• Urology
• Neurology
• Gastroenterology
• Dentistry
• Otoscopy
• Arthroscopy

By End-User Segment Analysis

• Hospitals
• Ambulatory Services

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America