A fluid management and visualization system promote body fluid balance to prevent complications associated with an undesired fluid level during a medical intervention. They include dialyzers, insufflators, fluid warming systems, and waste management systems. They allow easy management during minimally invasive surgeries and provide shorter recuperative durations to the patients. They are also used for the early diagnosis of critical medical conditions and perform functions such as fluid irrigation, warming, filtration, fluid deficit monitoring, and many more.
MARKET SCOPE
The "Global Fluid Management and Visualization Systems Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fluid management and visualization systems market with detailed market segmentation by product, application, end user, and geography. The report provides key statistics on the market status of the leading fluid management and visualization systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global fluid management and visualization systems market is segmented into instruments and accessories.
- Based on application, the market is segmented into urology, orthopedics, gynecology, cardiology and others.
- On the basis of end-users, the market is bifurcated into hospitals, specialty clinics and ambulatory surgical centers.
MARKET DYNAMICS
Drivers:
- Growing inclination towards minimally invasive surgeries and protecting patients against infectious materials drive the fluid management and visualization system market.
- Growing product launches and innovations boost the market growth.
- Technological advancements in fluid management and visualization system fuel the market growth.
- The growing safety of medical staff and patients propel the market growth.
Restraints:
- High cost of endosurgical procedures.
- The dearth of sufficient surgeons.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The fluid management and visualization systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fluid management and visualization systems market in these regions.
IMPACT OF COVID-19 ON FLUID MANAGEMENT AND VISUALIZATION SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic outbreak has resulted in a global healthcare crisis. Surgeons and patients that visited hospitals for various treatments were at increased risk of contracting COVID-19 due to this worldwide lockdown was imposed. The non-essential procedures and in-hospital therapies, such as elective surgeries, were canceled or postponed, and only emergency procedures were allowed to be carried out in order to prevent the spread of the infection. This resulted in a negative impact on the surgical devices market, including fluid management systems and accessories. However, the market may experience growth due to the removal of restrictive measures and the continuation of the delayed surgeries in the future.
MARKET PLAYERS
The report covers key developments in the fluid management and visualization systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from fluid management and visualization systems market are anticipated to have lucrative growth opportunities in the future with the rising demand for fluid management and visualization systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fluid management and visualization systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Stryker Corporation
- Medtronic plc
- Cardinal Health, Inc.
- Smith & Nephew plc
- CONMED Corporation
- Hologic, Inc.
- Angiodynamics, Inc.
- Olympus Corporation
- Zimmer Biomet
- Ecolab, Inc.