The market for fluid management and visualization systems consists of
devices such as dialyzers, insufflators, suction and evacuation
devices, fluid warming systems, tubing sets, catheters, suction
canisters, camera heads, video processors and endoscopic cameras.
These devices are widely used in endoscopic procedures to treat
people with kidney failure, obesity, cardiovascular disease,
orthopedic conditions, neurological disease, cancer, gastrointestinal
and respiratory diseases. The fluid management and visualization
systems market has been broadly segmented into fluid management
devices & accessories and visualization systems and accessories.
On the basis of application, the market also has been segmented into
neurology, cardiology, arthroscopy, gastroenterology, nephrology and
bronchoscopy.
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Globally, the market for fluid management and visualization systems
is expanding due to factors such as increase in incidence of
respiratory, digestive, reproductive and neurological diseases; rise
in number of minimally invasive procedures and technical advances
leading to innovation in fluid management and visualization systems.
The market growth is also driven by favorable reimbursement scenario
in countries like the United States, Japan, Canada, Germany, France,
U.K., Italy and Spain. In developing nations of Asia-Pacific and Rest
of the World (RoW), increasing penetration by private health
insurance providers is likely to play a key role in representing
these regions as the most attractive markets for manufacturers
operating in the fluid management and visualization systems market.
On the other hand, there are some factors that serve the market as a
growth restraint. These factors primarily include scarcity of skilled
and experienced surgeons, and high cost associated with the
endosurgical procedures.
Geographically, North America held the majority share of the overall
fluid management and visualization systems market, followed by Europe
that claimed second largest regional market. These two regions are
expected to retain their position throughout the coming few years as
well. In the Asia-Pacific region, China, India, Japan, Korea,
Malaysia, Australia and New Zealand are the major markets and exhibit
immense opportunities to companies operating in these markets. The
reasons for growth of this market in the region include emerging
economies, rising awareness regarding advanced fluid management and
visualization systems and a continuously improving healthcare
coverage. Continuously evolving medical tourism industry in countries
such as India, Singapore, Malaysia, Thailand and South Korea also
encourages major healthcare providers to equip themselves with latest
new and innovative fluid management and visualization devices and
thus play a keys role in driving the market growth in the region.
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Asia-Pacific region is expected to record highest growth rate during
coming years under the influence of aforementioned factors. In Rest
of the World (RoW), Brazil, Mexico, South Africa, Israel, Turkey and
UAE are the major markets where the market for fluid management and
visualization systems is expected to show substantial growth during
coming years. Increasing endoscopic and minimally invasive surgical
labs in hospitals will give a further boost to this market in coming
years.
B. Braun Melsungen AG, CONMED Corporation, Fresenius SE & Co.
KGaA, Smiths Medical, Stryker Corporation, Zimmer Holdings, Inc.,
Olympus Corporation, Karl Storz GmbH & Co KG, Cardinal Health,
Inc., Baxter International, Inc., Angiodynamics, Inc., Ecolab, Inc.,
Richard Wolf GmbH, Thermedx LLC, Nordson Medical and Smith and Nephew
plc are some key players operating in the global fluid management and
visualization systems market.
At regional level, these players may be challenged by local
manufacturers that offer various products of fluid management and
visualization systems at relatively low prices and thus intensify
price competition.
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