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Fluid Management & Visualization Systems Market Is Expected to Reach $25,908.4 Million by 2018

Fluid Management & Visualization Systems Market by Product (Suction & Irrigation, Dialyzer, Fluid Warming & Waste Management, Endoscopic Camera, Tubing’s, Bloodlines), & Application (GI, Urology, Arthroscopy, Gynecology) - Global Forecasts to 2018

 
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Dallas, TX -- (SBWIRE) -- 06/26/2014 -- The global fluid management and visualization systems market was estimated to be worth $19,285.5 million in 2013. The market is mainly driven by increasing prevalence/incidences of gastrointestinal, laparoscopic, orthopedic, neurological, and nephrological diseases, requiring endosurgical procedures; growing preference for minimally invasive surgeries; cost-efficiency of these surgeries in terms of pre- and post-operation care costs and length of stay at hospitals; the technological advancements and breakthroughs in the field of fluid management systems; and favorable reimbursement scenarios in selected geographies.

Browse 168 market data Tables and 58 Figures spread through 360 Pages and in-depth TOC on "Fluid Visualization Systems Market"
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For the purpose of this study, the market is segmented on the basis of product types, applications, and geographies. Based on the type of product, the market is divided into three segments namely, fluid management systems, fluid management accessories, and consumables, and visualization systems.

Fluid management systems are used to perform different functions such as fluid deficit monitoring, fluid irrigation and suction, fluid warming, pressure monitoring, fluid filtration, and fluid waste collection during endosurgeries. The fluid management systems are further classified into integrated systems and standalone systems which consist of fluid warming systems, fluid waste management systems, dialyzers, suction and irrigation systems, and insufflators.

The visualization systems market is categorized into endoscopic cameras, video processors, video converters, camera heads, transmitters and receivers, endoscopic light sources, monitors and display systems, medical grade printers, light cables, carts, and others. Whereas, depending on application area, the market is classified into gastroenterology, laparoscopy, urology, arthroscopy, gynecology/obstetrics, neurology, cardiology bronchoscopy, laryngoscopy, otoscopy, dental surgery, anesthesiology, and other applications.

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The overall market is further divided into four major geographies, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regions are further analyzed at the country level.

In 2013, North America contributed the largest share to the market, followed by Europe, Asia-Pacific, and the Rest of the World. However, the developed markets like North America and Europe are reaching maturity and are likely to grow at lower CAGRs as compared to the high-growth markets across the Asia-Pacific and Latin American regions. The stringent FDA guidelines regarding the manufacturing of fluid management and visualization systems and cost containment pressures due to increasing competition from key and regional market players are restraining the growth of this market in the developed countries.

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The fluid management systems market in the APAC region is largely driven by the increasing healthcare spending by the government in China, growing number of minimal invasive surgeries in this region, and improving endoscopic infrastructure in India. Wide support for endoscopy-related research activities in Japan and establishment of training centers for endosurgeries in India, China, and Japan are also expected to fuel the market growth in the APAC region.

Some major players in the market are Stryker Corporation (U.S.), Smith & Nephew plc. (U.K.), Olympus Corporation (Japan), B Braun Melsungen AG (Germany), ConMed Corporation (U.S.), Ecolab, Inc. (U.S.), Cardinal Health, Inc. (U.S.), Smiths Medical (U.S.), AngioDynamics, Inc. (U.S.), KARL STORZ GmbH & Co. KG (Germany), Richard Wolf GmbH (Germany), and Zimmer Holdings Inc (U.S.).

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