Fluid Management Systems Market is anticipated to grow further up to USD 30.6 billion, at a CAGR of 13.1% during 2022-2031

The global fluid management systems market was valued at USD 8.9 billion in 2021 and it is anticipated to grow further up to USD 30.6 billion by 2031, at a CAGR of 13.1% during the forecast period.

Maintaining appropriate fluid levels in the body involves either administering intravenous fluids or doing procedures like dialysis. Important components of the fluid management system include perioperative fluid management, postoperative fluid management, endoscopic fluid management, management of fluid levels in critically ill patients, fluid management in chronic kidney diseases, and IV treatments for dehydration brought on by diarrhea and vomiting.

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Market Trends and Drivers:

Minimally invasive procedures have a number of benefits over open procedures, including less postoperative problems, quicker hospital stays, and lower chances of surgical site infections. Numerous minimally invasive procedures are considered outpatient procedures, meaning the patient is not required to spend the night in a hospital. By choosing minimally invasive procedures over open surgery for routine procedures on the appendix, colon, and lungs, hospitals in the US could collectively avoid thousands of post-surgical complications and save between USD 280 and 340 million each year.

In numerous nations around the world, health insurance providers are progressively covering minimally invasive surgeries. Many patients and doctors choose minimally invasive operations over other surgical treatments due to their benefits. As of 2017, more than 7.5 million surgical and minimally invasive cosmetic treatments were carried out in the US; this number is expected to increase by 2% a year (Source: American Association of Pharmaceutical Scientists). The need for fluid management systems and accessories is also anticipated to increase as the number of minimally invasive cancer treatments increases.

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COVID-19 Impact:

A global healthcare crisis brought on by the COVID-19 pandemic has changed the way healthcare is provided in the majority of areas. The danger of getting COVID-19 is higher for surgeons and patients who visit hospitals for various treatments. Most countries in the world issued some kind of lockdown declaration. In order to stop the virus from spreading and lessen the strain on the healthcare system, the majority of unnecessary procedures and in-hospital treatments, such as elective surgeries, were postponed in the first half of 2020. Most hospital resources were used to provide masks and personal protective equipment (PPE), limit staff movements, and halt all elective activity. Healthcare visits declined by almost 40% in the first six weeks of the epidemic in the US, from early March to mid-April, according to Indiana University researchers. In the first half of 2020, there has been a 70-80% decline in the number of procedures.

Major Players in the Global Fluid Management Systems Market:

The key players studied in the global fluid management systems market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Stryker Corporation (US), Olympus Corporation (Japan), Medline Industries, Inc. (US), KARL STORZ GmbH & Co. KG (Germany), Ecolab Inc. (US), Smiths Medical (UK), Zimmer Biomet Holdings Inc. (US), Medtronic plc (Ireland), FUJIFILM Holdings Corporation (Japan), CONMED Corporation (US), Hologic, Inc. (US), Arthrex, Inc. (US), Thermedx, LLC. (US), COMEG Medical Technologies (Germany), and EndoMed Systems GmbH (Germany).

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