Europe Fluid Management Systems Market was worth USD 2.72 billion in 2016 and estimated to be growing at a CAGR of 5.5%, to reach USD 3.55 billion by 2021.
Fluid management is an important part of all diagnostic and angiographic procedures. It reduces the programming and installation costs.
Entire workflow of fluid management system is automated and safe. The credit of the rising interest on the fluid management devices market could be given to an expansion in the quantity of social healthcare service providers.
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Some of the major drivers of the market are- rise in the demand for minimally invasive procedures, technological advancements in fluid management system, government funding for healthcare and developing healthcare infrastructure. There has been a rise in the disposable incomes which leads to the growth of the healthcare industry.
Lack of skilled surgeons 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 holds the largest share in the market 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.
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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 Europe market is analysed under various regions namely U.K, Italy, Germany, France and Spain.
Germany leads the regional market followed by U.K and France.
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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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