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Asia Pacific fluid management systems estimated to be growing at a CAGR of 6.2% according to new research report

Asia Pacific fluid management systems estimated to be growing at a CAGR of 6.2% according to new research report

The Asia Pacific Fluid Management Systems Market was worth USD 1.87 billion in 2016 and estimated to be growing at a CAGR of 6.2%, to reach USD 2.53 billion by 2021.

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 A fluid management system is used to balance body fluid so as to prevent complications which arise due to undesired levels of fluid in the body. They are also used for various diagnostic purposes.

Fluid management systems perform functions such as fluid irrigation, fluid filtration, fluid warming, fluid deficit monitoring.

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 Some of the drivers for market growth are-  growth in healthcare infrastructure, high demand for minimal invasive surgeries and rising research activities on endoscopic cameras particularly in Japan,  introduction of novel fluid management system and  increased government funding for healthcare.

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There has been a rise in the disposable incomes leading to the growth of the healthcare industry. Lack of skilled labour and the high cost of surgical procedures are some restraints of the market.

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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 Asia-Pacific 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 Asia-Pacific market is analysed under various regions namely India, China, Japan, Australia and South Korea. Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

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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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