Albany, NY -- (SBWIRE) -- 07/14/2014 -- 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.
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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.
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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