Fluid Management Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2025

Global Fluid Management Market Insights:

The rise in incidences of End Stage Renal Disease (ESRD) has pushed up demand for dialysis products, thus augmenting the global fluid management market. The market is poised to be leveraged moderately at a CAGR of 5.3% during the forecast period (2020-2025). A rising ageing population, which has led to increased chronic urological diseases, shall also leverage the market. Cerebrospinal fluid management is another area which is enticing leading manufacturers to innovate and come out with new treatment solutions in the field of neurology.

The COVID-19 pandemic is anticipated to provide possible growth opportunities for the fluid management market with regard to treating severely ill patients. Fluid management in burns treatment is rapidly gaining traction.

Global Fluid Management Market: Application Insights:

According to the British Kidney Patients Association, more than two million people undergo dialysis therapy across the word annually. This is attributed to rising incidences of chronic kidney diseases. This rising number of dialysis procedures is poised to leverage the urology fluid management segment. It is anticipated to capture nearly two-fifths of the global fluid management market, expanding at a CAGR of 5.3%.

Trailing behind is the cardiology segment, poised to capture nearly a quarter of the global fluid management market. Rising morbidities due to cardiac complications is a major growth driver for the cardiology segment. The World Health Organization estimates that more than 17 million people die due to cardiac diseases. Out of these, more than three-quarters of the deaths occur in economically poor regions. Projected CAGR for the cardiology segment is pegged at 5.9%.

Global Fluid Management Market: Product Insights:

The infusion therapy standards of practice is anticipated to capture a major chunk of the global fluid management market, amounting to more than half. The demand for intravenous administration of fluids and medicines to chronically ill and dehydrated patients who don’t respond to oral therapy is anticipated to leverage the infusion therapy market. Projections indicate a modest CAGR of 5.3% during the forecast period.

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However, the renal products segment is catching up, expanding at a CAGR of 5.5% throughout the forecast period. Increasing pool of dialysis patients shall contribute to increased usage of renal products. This is because kidney patients require fluid management via dialysis procedures such as hemodialysis and peritoneal dialysis. Renal products manufacturers are innovating on renal disposables and ancillaries, saline solutions & concentrates and dialysis accessories.

Global Fluid Management Market: Regional Insights:

North America is foreseen to capture the bulk of the global fluid management market. Increasing demand for smart pumps, rising number of launches of next-generation infusion devices and growing prevalence of lifestyle diseases are prophesied to leverage market share. Infusion-therapy segment shall account for more than half of the North American fluid management market. As a whole, North America shall constitute one-third of the global fluid management market, expanding at a CAGR of 4.0%.

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Asia-Pacific is anticipated to demonstrate a positive growth outlook in the global fluid management market. High demand for intravenous fluids due to high prevalence of infectious diseases such as diarrhea, typhoid, malaria and cholera as well as increasing number of patients with ESRD is anticipated to bolster the Asia-Pacific fluid management market. A healthy CAGR of 7.0% is projected for the region, with the region set to expand 1.5x in the forecast period.

Developing Next-Generation Fluid Management Systems: Principal Market Expansion Strategy

The global fluid management market comprises of a number of key companies. Prominent manufacturers with established market presence in global fluid management market are Baxter, C.R. Bard, Inc., BD, Smith & Nephew, B. Braun Holding GmbH & Co. KG, Fresenius SE & Co. KGaA, Cardinal Health Inc., Stryker, Boston Scientific Corporation and Karl Storz GmbH. The companies concentrate on developing next-generation infusion systems. With respect to this, Baxter Healthcare is a pioneer in the global fluid management market.

Baxter Healthcare manufactures the Spectrum IQ Infusion System. This is an intelligently designed device to simplify EMR integration. It includes facilities like on-screen barcode technology with scan prompts, auto-programming workflows and feature sets to help drive consistent compliance and intuitive workflows to confirm IV infusion tasks.

Likewise, Braun Holding GmbH & Co. manufactures EXCEL IV Containers and Partial Additive Bags (PAB). The EXCEL IV containers are biologically inert and are suitable for storing important medications. These are devoid of PVC, which otherwise would react with the medicine to release di (2-ethylhexyl) phthalate (DEHP) present in the PVC coating.

COVID-19 Impact Insights:

In the midst of the COVID-19 pandemic, the global fluid management market shall find critical application. Fluid management is anticipated to find useful application for offering hemodynamic support to critically ill patients. Fluid management is considered important to reduce pulmonary edema. Fluid conservative therapy is recommended to achieve a negative fluid balance of 500 mL to 1 liter per day. Administration of crystalloids for acute resuscitation of patients is highly recommended.

Leading market players in the global fluid management market are leaving no stone unturned to ensure mitigation of the deadly pandemic. To this end, Baxter Healthcare is concentrating on ensuring a steady supply of its products. The company proactively manages inventory levels, stock levels in warehouses and transportation options. The company is also providing financial support to multiple groups addressing patient needs. It does so through its Baxter International Foundation. Dialysis supplies are also being augmented in order to cater to renal disorder patients.

Stryker Corporation, another market player, has released its Emergency Relief Bed, a limited-release medical bed to support critical needs during the pandemic. The bed features a 30-degree head of bed angle to accommodate patients in respiratory distress. It also features low height and an attached IV pole.

Analyst’s Viewpoint:

The global fluid management market is prophesied to expand significantly throughout the forecast period. Rising prevalence of end stage renal disease and the recent COVID-19 pandemic are key growth levers. Demand for intravenous fluid administration is propelling the infusion therapy segment, whereas increasing pool of dialysis patients is augmenting the renal products segment.

Global Fluid Management Market: Report Scope:

The recent study by Fact.MR on the global fluid management market offers a five-year forecast (2020-2025) on the potential drivers, restraints and opportunities for the future. The report includes a detailed analysis of each market segment, in terms of value. The market has been segmented on the basis of product, application and end-user.

A detailed regional analysis, based on five geographies, has also been incorporated within this report. These geographies are: North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Each region includes an analysis based on the segmentations highlighted above. A market competition structure has also been included. In this section, detailed information about prominent market players, their expansion strategies and analysis of their strengths, weaknesses, opportunities and threats have been elaborated upon.