Global Fluid Management Systems Market Size (2024 - 2029)

Fluid Management Systems Market Analysis

The Global Fluid Management Systems Market size is estimated at USD 12.41 billion in 2024, and is expected to reach USD 23.47 billion by 2029, growing at a CAGR of 13.58% during the forecast period (2024-2029).

The outbreak of the COVID-19 pandemic has pushed the medical device industry into action, with a race to develop both therapeutic and preventive devices. Exponentially increasing cases of the coronavirus worldwide are leading to the need for the development of novel treatments, with several clinical trials underway. Meanwhile, the manufacturers of medical devices were highly focused on developing vaccines and drugs, which can also be applied in the diagnosis and treatment of COVID-19, increasing the rate of clinical trials to a great extent. The outbreak of the pandemic has increased the burden of chronic diseases which has eventually increased the demand for minimally invasive procedures. For instance, according to a research paper 'Obesity and activity patterns before and during COVID-19 lockdown among youths in China' published in October 2020, prior to COVID-19, the mean body mass index (BMI) of all youths was 21.8 kg/m2, with the prevalence of overweight/obesity and obesity being 21.3% and 10.5%, respectively. But within the month of COVID-19 lockdown, BMI has significantly increased in overall youths and the prevalence of overweight/obesity has significantly increased in China. Thus, the demand for minimally invasive surgery devices for cosmetic procedures is anticipated to increase. Fluid management systems in minimally invasive procedures generally helps to maintain adequate tissue perfusion and oxygen delivery and also provides a fluid vehicle for drug delivery. Therefore, such a scenario indicate considerable growth of the market during pandemic.

The rise in the number of minimally-invasive surgery procedures, rising burden of chronic diseases, and technological advancements are the key drivers for the market. The rise in the number of minimally-invasive surgery procedures and rising burden of chronic diseases are the key drivers for the market. For instance, according to the report published by the International Diabetes Federation in November 2021, around 140,869.6 people are living with diabetes in China age groups ranging from 20 to 79 years. It also reported that the prevalence rate of diabetes in China was around 10.6% in 2021, whereas in 2011 it was around 8.8%. Furthermore, it also reported that around 72,839.5 people were living with undiagnosed diabetes in 2021. Similarly, according to the report published by the Centers for Disease Control and Prevention (CDC) in 2020, around 5.0% of adults have been diagnosed with emphysema, chronic bronchitis, or chronic obstructive pulmonary disease (COPD). Furthermore, according to the report published by the National Center for Biotechnology Information in January 2022, the global prevalence of Chronic obstructive pulmonary disease (COPD) is around 10.1% in people of aged 40 years or above.Therefore, such factors are anticipated to postively impact the growth of the fluid management systems market over the forecast period.

However, the lack of skilled labors and expensive surgical procedures are likely to impede the market growth over the forecast period.

Fluid Management Systems Industry Segmentation

As per the scope of the report, fluid management systems are used to balance body fluid in order to prevent complications associated with undesired levels of fluid in the body. The Fluid Management Systems Market is segmented by Product (Dialyzers, Insufflators, Suction and Irrigation Systems, Fluid Warming Systems, Fluid Waste Management, and Other Products), Disposables and Accessories (Catheters, Bloodlines, Transducers, Valves, Tubing Sets, and Other Disposables and Accessories), Application (Arthroscopy, Laparoscopy, Neurology, Cardiology, Urology, Dental, Gastroenterology, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.