Fluid Management System MarketDynamics
Increasing product launches indialysis segment of standalone fluid management system is adding a wide rangeof product options in the FluidManagement System Market with better systems for better treatment of kidneyassociated medical conditions. For instance, in 2016, Baxter International Inc.launched Theronova dialyzer with wider range of molecules which can be filters,in Europe.
Furthermore, in 2014 NxStageMedical, Inc., a dialysis product manufacturer, received U.S. FDA approval forits innovative hemodialysis product, System One. System One is intended toperform hemodialysis overnight for the patients at home.
Fluid management systems are alsoused in minimally invasive surgical procedure to manage the fluid levels.Henceforth, increasing adoption of minimally invasive surgical procedures arealso expected to propel the market growth over the forecast period. The fluidmanagement system market is expected to notice inevitable shift towardsdisposable accessories owing to increasing adoption of disposable accessoriessuch as catheters, during the forecast period. The awareness of disease spreadby sharing of the accessories is expected to enhance the adoption of disposableaccessories used for fluid management systems market.
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Fluid management systems areintended for maintaining body fluid content and to avoid complicationsassociated with undesirable levels of body fluids. Moreover, this system isused for the treatment of life-threatening medical conditions such as end stagerenal failure.
The fluid management systemallows safe control of blood plasma, blood, and other body fluids entering orexiting during any procedure. This system also performs other functions such asfluid warming, fluid irrigation, fluid monitoring, and fluid filtration.
The key factors influencing thefluid management system market trends are rapid launches of dialyzers bymanufacturers and increasing incidences of chronic diseases, such as end stagerenal disease, or diabetes. Moreover, the fluid management system market growthis propelled by strategic moves of market players to sustain or exceed marketcompetition.
Increasing use of dialyzers tosupport chronic kidney disorder and patients waiting for kidney transplant isalso supporting the fluid management system market growth. According to thedata of Global Burden of Disease Study, in 2015, kidney disease leads to thedeath of 1.1 million people across the world being the 12th most common causeof death.
High procedure cost and lack ofskilled professionals are the major factors restraining the fluid managementsystem market growth.
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Fluid Management System Market - Regional Analysis
The global fluid managementsystem market is segmented into six regions such as North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa. North America fluidmanagement system market holds the dominant position in the global fluidmanagement system market over the forecast period.
High market share of North America isattributed to increasing product launches with advanced technology by marketplayers. For instance, in 2016 B. Braun’s Renal therapeutic division, launchedXevonta, next generation dialyzer with high performance for toxin clearance, inthe U.S. market.
However, Asia Pacific fluidmanagement system market is anticipated to witness the highest CAGR duringforecast period, owing to increasing medical infrastructure and adoption ofminimally invasive surgical procedures in emerging economies such as India,China, and Japan. Moreover, factors such as rising surge in medical tourism andincreasing numbers of hospitals in Asia Pacific contributes towards rapidgrowth of fluid management system in this region.
Fluid Management System Market –Competitive Landscape
Major players involved in fluidmanagement system market are Fresenius Medical Care AG & Co. KGaA, BaxterInternational Inc., B. Braun Melsungen AG, and Olympus Corporation. Apart frommajor players, some other players operating in the fluid management systems andaccessories market include Stryker Corporation, Ecolab Inc., Cardinal Health,Inc., Smiths Medical, KARL STORZ GmbH & Co. KG, Zimmer Biomet HoldingsInc., AngioDynamics, Inc., and Karl Storz GmbH & Co. KG.
Strategic mergers andacquisitions by key players plays an important role in fluid management systemmarket’s growth. For instance, in 2016, Medtronic plc acquired Bellco, aprivately held hemodialysis treatment solution company. The acquisition isexpected to expand the therapeutic access at optimum cost for the patients ofend stage renal disease.
In 2013, Baxter InternationalInc. acquired Gambro AB, a Sweden-based dialysis product manufacturer, to excelin the renal therapy market. Acquisition may help Baxter to grab betterfoothold in those regions where Gambro had strong presence such as Europe andhigh growth regions such as Latin America and Asia Pacific.
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