Market Trends of Global Fluid Management Systems Industry
This section covers the major market trends shaping the Fluid Management Systems Market according to our research experts:
Cardiology Segment is Expected to Witness Growth Over the Forecast Period
Cardiovascular surgery creates a systemic inflammatory response that increases oxygen consumption and is associated with changes in cardiac output and oxygen delivery. Post cardiac surgery, patients often require several hours of postoperative hemodynamic support while still sedated and intubated in the intensive care unit (ICU), and often require significant amounts of intravenous fluid over a short period of time. Hence, fluid management systems are one of the essential requirements in cardiac procedures.
The increasing cases of cardiovascular diseases across the globe are the major driver for the market. For instance, according to the report published by the Centers for Disease Control and Prevention (CDC) in 2021, each year more than 795,000 individuals in the United States suffer from stroke. Out of these 610,000 suffers from stroke for the first time. Around 87.0% of all strokes are ischemic strokes. Similarly, according to the report published by the Government of the United Kingdom in 2021, it stated that around 210,800 men were offered to screen for aortic aneurysms and around 1,542 aneurysms were detected among them and around 848 men with large aneurysms were referred for surgery. Furthermore, according to the article published by the Centers for Disease Control and Prevention (CDC), titled, 'Heart Disease Facts, around 805,000 Americans have a heart attack every year.
Therefore, due to the above mentioned instances the segment is anticipated to witness considerable growth rate over the forecast period.
North America is Expected to Dominate the Fluid Management Systems Market Over the Forecast Period
North America is expected to dominate the overall fluid management systems market over the forecast period. The growth is due to factors such as the increasing number of cases of chronic diseases, technological advancements, and the rising number of minimally invasive surgical procedures. For instance, as per the report published by the Trust for America's Health Organization in 2020, the United States adult obesity rate represents around 42.4% and it is for the first time the national rate has passed the 40.0% mark. The national adult obesity rate has increased by 26.0% since 2008. In addition, hypertension is one of the major factors contributing to cardiovascular diseases. As per the report published by the Centers for Disease Control & Prevention (CDC) in 2020, around half of the adults in the United States which is around 47.0% have hypertension, defined as a systolic blood pressure greater than 130 mmHg or diastolic blood pressure greater than 80 mmHg or are taking medication for hypertension. Therefore, significant market growth is anticipated in the North American region over the forecast period.
Key product launches, high concentration of market players or manufacturer's presence, and acquisition & partnerships among major players, and increasing cases of chronic diseases in the United States are some of the factors driving the growth of the fluid management systems market in the country. For instance, in August 2022, the Bodyport cardiac scale cleared the United States Food and Drug Administration approval for fluid management assessment. The Cardiac Scale solution allows patients with fluid management conditions such as heart failure and kidney disease to non-invasively assess cardiac function and fluid status in the same step taken for weight measurement.
Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America Region.
