The North America Fluid Management Systems Market was worth USD 3.28 billion in 2016 and estimated to be growing at a CAGR of 5.6%, to reach USD 4.31 billion by 2021.
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A fluid management system is used to balance body fluid in order to prevent complications associated with undesired levels of fluid in the body. It is also used for diagnosis of various diseases.
Fluid management systems perform functions such as fluid irrigation, fluid warming, fluid filtration, fluid deficit monitoring, and others.
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The growth of the market is attributed to the rising aging and chronically ill population, increasing number of minimally invasive surgeries, growth in the number of dialysis centres, rising usage of single-use disposable accessories, and advancements in technologies.
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Due to the rising number of cases of cancer the demand of various diagnostic and surgical procedures has gone up, further fuelling the market. Lack of skilled labour and the high cost of surgical procedures are some restraints of the market.
In this report the market is segmented on the basis of product and application. Based on product type, the market is segmented into fluid management system and fluid management disposables & accessories.
The fluid management systems market accounted for the largest share of the North America market in 2016 and covers integrated and standalone fluid management system. Within the fluid management systems market, the standalone fluid management systems segment accounted the largest share of the fluid management systems market.
Standalone fluid management systems are less expensive as compared to integrated systems. On the basis of applications, the market is categorized into urology, gastroenterology, laparoscopy, gynecology/ obstetrics, bronchoscopy, arthroscopy, cardiology, neurology, otoscopy, dentistry and anesthesiology.
On the basis of geography, the North America market is analysed under various regions namely U.S.A and Canada. North America dominated the global market while USA remained the dominant region in the regional market.
Canada is expected to grow at a rising CAGR during the forecast period.
Leading players in this market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc.
(U.S.), B. Braun Melsungen AG (Germany), Ecolab, Inc. (U.S.), Zimmer Biomet Holdings Inc.
(U.S.) and Cardinal Health, Inc. (U.S.).
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