Latin America Fluid Management Systems Market was worth USD 939 million in 2016 and estimated to be growing at a CAGR of 5.9%, to reach USD 1.24 billion by 2021.
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Fluid management is an important part of every diagnostic and angiographic procedure. It helps in reducing the programming and installation costs.
Entire workflow of fluid management system is automated, safe, digitized and online.
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Increase in the demand for minimally invasive procedures, technological advancements in the novel fluid management system, government funding for healthcare, growing healthcare infrastructure are various factors which drive the market.
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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 accounted for the largest share of the Latin 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 Latin America market is analysed under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
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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