The global Fluid Management and Visualization Systems market was valued at USD 8.38 billion in 2019 and is expected to grow at a CAGR of 5.1% over the forecast period.
The global Fluid Management and Visualization Systems market is projected to reach USD 19.33 Billion by 2030, growing at a CAGR of 9.35%
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"The Global Fluid Management and Visualization Systems Market 2020-2030 (USD Billion)")
It facilitates the equilibrium of body fluid and helps avoid significant problems after a surgical operation resulting from undesired fluid quantities. Rising susceptibility to gastrointestinal, vascular, orthopedic products, and laparoscopic disorders leads in recurrent hospital visits attributable to evolving behaviors.
Key players serving the global market include Ecolab, Inc., Angiodynamics, Inc., Serres, Hologic, Inc., Traubco LLC, Smith & Nephew plc, Stryker Corporation, CONMED Corporation, Medtronic plc, among other prominent players.
Fluid Management and Visualization Systems Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 19.33 Billion |
| Growth Rate | CAGR of 9.35% during 2020-2030 |
| Segment Covered | By Product, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | AngioDynamics, B Braun, Cardinal Health, ConMed, Ecolab, Karl Storz, Olympus, Richard Wolf, Smith & Nephew, and Smiths Medical. |
Key segments of the global Fluid Management and Visualization Systems market
Product Overview, (USD Billion)
- Instruments
- Accessories
Application Overview, (USD Billion)
- Urology
- Orthopaedics
- Gynaecology
- Cardiology
- Others
Regional Overview, (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global fluid management and visualization systems industry
- The overall segmentation of fluid management and visualization systems market, especially key segments are thoroughly studied.
- Presence of major players and their wide Industry portfolio across developed countries is anticipated to further boost the growth of fluid management and visualization systems market
What does the report include?
- The study on the global fluid management and visualization systems market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of class and Industry. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global fluid management and visualization systems market is suitable for all the players across the value chain including raw material suppliers, fluid management and visualization systems providers, medical device manufacturers, distributors, suppliers and retailers
- Venture capitalists and investors looking for more information on the future outlook of the global fluid management and visualization systems market
Consultants, analysts, researchers, and academicians looking for insights shaping the global fluid management and visualization systems market
Frequently Asked Questions (FAQ) :
The major contenders in the global fluid management and visualization Systems market AngioDynamics, B Braun, Cardinal Health, ConMed, Ecolab, Karl Storz, Olympus, Richard Wolf, Smith & Nephew, and Smiths Medical.
Europe dominated the market for fluid management and visualization Systems market and accounted for the largest revenue share.
The base year for the report is 2023 in fluid management and visualization Systems market
During minimally invasive procedures, they allow simple treatment, thereby providing patients with shorter recuperation durations. Furthermore, endoscopic procedures with proven effective results are a popular area of use during colonoscopy, gastroscopy, and laparoscopy for these instruments.
These greatly minimize risks and the duration of stay (LOS) decreases. Preoperative and postoperative fluid control is therefore as important as intraoperative management as it provides patients with various related advantages. To help preserve hydration and electrolyte equilibrium, most hospitalized patients use IV fluid. In addition, economic and clinical data suggests that, by optimizing surgical performance, intravenous fluid control and visualization devices save millions of dollars.
The geriatric population is particularly vulnerable to multiple chronic illnesses, allowing the number of surgical operations to rise more. Around 82 percent of older adults have a chronic illness during their lifespan, according to the National Aging Committee, while 76 percent have at least two. The NCA has reported that the main diseases that cause two-thirds of all deaths worldwide are cancer, heart disease, stroke, and diabetes. The global ageing population (60 years and above) in 2019 was about 1.4 billion, according to the United Nations Department of Economic and Social Affairs.
The global fluid management and visualization systems market has been bifurcated based on Product, application and region. In terms of Product the market is divided into Instrument, Accessories. On the basis of application, the segment is divided into Urology, Orthopedics, Gynecology, Cardiology, and Others.
As accessories are replaced by one-time usage or disposable ones to ensure patient safety, the accessories category accounted for the highest market share of 70.0 percent in 2019. An approximate 100 million catheters are fitted globally annually and are the most widely used surgical instruments that remain within the body, according to a report released in Elsevier, April 2016. Catheters, bloodlines, suction canisters, film processors, camera heads, and film converters are supplied as accessories.
In 2019, the urology category accounted for the largest share of sales of more than 40 percent and is projected to hold its lead throughout the forecast period. In order to assist surgeons during urological endoscopic operations, key players have created innovative mechanical fluid control and visualization systems. The developers are also exploring collaborative collaborations with technical collaborators in endoscopic urology surgery and advancement in the area of endoscopic urology surgery to upgrade the technology.
Based on regions, the global fluid management and visualization systems market is segmented into North America, Europe, Asia Pacific, Central and South America and Middle East & Africa. Emerging markets such as APAC are giving companies major growth prospects in the demand for the Industry’s in coming years.
In 2019, the urology category accounted for the largest share of sales of more than 40 percent and is projected to hold its lead throughout the forecast period. In order to assist surgeons during urological endoscopic operations, key players have created innovative mechanical fluid control and visualization systems. The developers are also exploring collaborative collaborations with technical collaborators in endoscopic urology surgery and advancement in the area of endoscopic urology surgery to upgrade the technology.
