Increasing prevalence of chronic disorders such as neurological, gastrointestinal, laparoscopic and nephrological conditions are expected to propel the growth of fluid management and visualization system market over the forecast period. It basically helps to maintain fluid level to avoid complication during medical surgeries.
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Rising demand for non-invasive and minimal invasive surgeries coupled with shorter length of stay in hospital and cost effectiveness of these surgeries are anticipated to drive the market in coming seven years. Furthermore, increasing incidences of disorders relating to respiratory, neural, digestive and reproductive system coupled with technological breakthrough in these fields are anticipated to push the growth for fluid management and visualization system market over the forecast period.
Increasing reimbursement facilities in medical sectors and favorable government policies are likely to fuel the growth in developing economies.Endoscopic camera held the largest market share owing to increasing demand for 3D cameras and HD cameras. Monitors and display system market segment is anticipated to show lucrative growth over the forecast period due to increasing prevalence of chronic disease and rising demand for continuously monitoring devices. In 2014, standalone fluid management market held the largest share.
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Due to increasing demand for portable medical devices coupled with technological advancement integrated fluid management system market is likely to show lucrative growth over the forecast period. By application, neurology and cardiology segment are expected to witness significant growth rate owing to rising prevalence of heart and brain disorders.
North America was the dominant market region in 2014 due to rapid innovation in technology, introduction of advanced fluid management product and high medical reimbursement facilities. Asia Pacific region is anticipated to be the fastest growing segment by 2022 owing to huge investment in R&D and increasing expenditure in healthcare sector.
Some of the major players of fluid management and visualization system market are Smith & Nephew Plc., Richard Wolf GmbH, Angiodynamic Inc., Conmed Corporation, Zimmer Holding Inc., and Smith Medical.
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