The global Endoscopy Fluid Management Systems Market enjoyed a valuation of USD 414 Million in 2021, predicted to expand at a 7.4% CAGR to reach a net worth of USD 683 Million by 2028.
| Attribute | Details |
|---|---|
| Endoscopy Fluid Management Systems Market Size (2022) | USD 444.2 Million |
| Projected Market Value (2028) | USD 683 Million |
| Global Market Growth Rate (2022 to 2028) | 7.4% CAGR |
| Fastest Growing Region | North America |
On the regional front, North America and Asia Pacific are likely to emerge as the kingpins, registering market shares worth 7.7% and 7.4% in 2022 respectively. The ever increasing demand for minimally invasive surgeries is primarily responsible for this elevated growth rate.
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| Particulars | Details |
|---|---|
| H1, 2021 | 7.16% |
| H1, 2022 Projected | 7.43% |
| H1, 2022 Outlook | 7.23% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 20 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (+) 07 ↑ |
On the regional front, North America and Asia Pacific are likely to emerge as the kingpins, registering market shares worth 42% and 28% in 2022 respectively. The ever increasing demand for minimally invasive surgeries is primarily responsible for this elevated growth rate.
A comparative analysis has been done by Future Market Insights on the growth rate of endoscopy fluid management systems market within the duration of H1-2022 and H1-2021. The variation between the BPS values observed within this market in H1, 2022 - outlook over H1, 2022 projected reflects a decline of 20 BPS units.
However A positive BPS growth in H1-2022 over H1-2021 by 07 Basis Point Share (BPS) is demonstrated by the market.
Endoscopy Fluid Management Systems offer a number of benefits such as clear visibility of surgical site, reduced tissue adherence to endoscopic tools, faster electrosurgical effects and cost affordability over alternative methods, thus resulting in favourable BPS change.
Additionally development and introduction of new FDA approved high performance and cutting edge technologies are expected to further boost the market growth and provide opportunistic growth prospects to the market players in the forecast duration.
The growth of the market is backed by a higher inclination towards minimally-invasive procedures. Coupled with this, the rising incidence of chronic ailments and cases of accidents has been creating growth prospects for the market. The market registered a 5.9% CAGR between 2012 and 2021.
Advancements witnessed in the last couple of years in conducting minimally-invasive procedures are indicative of impressive developments in surgical equipment. In addition to this, R&D activities are leading to technological advancements in fluid management systems. Government funds and grants are driving the market at a global level for nonsurgical procedures and leading to an increase in ESRD patient base.
Overall, the demand for endoscopy fluid management systems is anticipated to rise at a CAGR of around 7.4% through 2028, accounting for 4% share in the global fluid management systems market.
Principal Consultant
The growth of the market is backed by a higher inclination towards minimally-invasive procedures. Coupled with this, the rising incidence of chronic ailments and cases of accidents has been creating growth prospects for the market. The market registered a 5.9% CAGR between 2012 and 2021.
Advancements witnessed in the last couple of years in conducting minimally-invasive procedures are indicative of impressive developments in surgical equipment. In addition to this, R&D activities are leading to technological advancements in fluid management systems. Government funds and grants are driving the market at a global level for nonsurgical procedures and leading to an increase in ESRD patient base.
Overall, the demand for endoscopy fluid management systems is anticipated to rise at a CAGR of around 7.4% through 2028, accounting for 4% share in the global fluid management systems market.
For diagnosing and treating chronic and acute diseases, doctors, at times, prescribe surgeries. Minimally invasive surgeries are done with the help of endoscopes along with endoscope procedure kits. During such procedures, endoscopy fluid management systems are used as irrigation pumps.
According to the Centers for Disease Control and Prevention (CDC), six in ten Americans live with at least one chronic disease. Globally, endoscopic systems have been witnessing high demand, owing to the rising prevalence of chronic diseases. North America has been registering high demand for endoscopic fluid management systems, owing to the large number of expert surgeons practicing in the region.
Endoscopic fluid management systems help reduce bleeding in internal cavities during endoscopic surgeries. They are integrated with endoscopy visualization systems & other endoscopic instruments. According to Cancer Research UK, there were 17 million new cases of cancer worldwide in 2018.
The four most common cancers occurring worldwide are lung, female breast, bowel, and prostate cancer. These four accounts for more than four in ten of all cancers diagnosed worldwide. Worldwide there will be 27.5 million new cases of cancer each year by 2040. Hence, endoscopic surgeries to cure such cancers will enhance deployment of endoscopic fluid management systems.
As healthcare infrastructure expands across developing countries, governments are attempting to reduce financial barriers to facilitate extensive R&D across various domains.
This trend has boded well for endoscopy fluid management systems. Countries such as China, India, Brazil and Mexico, for instance, are preferred destinations for healthcare tourism.
Moreover, countries across the Asia Pacific, including China and India, possess the world’s largest population base, collectively comprising over 60% of the total number of people across the globe. Also, they also constitute a large patient base for renal, gastrointestinal and respiratory ailments, areas which extensively require endoscopic surgery.
Also, as patients in emerging economic experience elevated living standards, they are in a position to afford cost-intensive treatments and surgeries. This is encouraging several small, medium and large-scale manufacturers to establish base across these regions.
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As per FMIs analysis, in the coming years, Asia Pacific is projected to be highly lucrative for the overall endoscopy fluid management systems market growth.
Rising awareness regarding minimally invasive endoscopic surgeries and irrigation pumps and affinity towards the products manufactured by local companies in India have collectively increased revenue opportunities.
Furthermore, the rising prevalence of chronic diseases in India is adding to the market expansion. According to the first Longitudinal Ageing Study in India (LASI) released by the Union Ministry of Family and Health Welfare in India on January 6, 2020, two in every three senior citizens in India suffer from some chronic disease.
Overall, the APAC region is projected to accumulate a market share of 7.4% in 2022.
The North American Endoscopy fluid management systems industry is poised to capture a market share of 7.7% in 2022. The systems are helpful in maintaining precise pressure so as to reduce bleeding in internal cavities during endoscopic procedures.
From a market point of view, using high-tech devices improves treatment compliance, which could drive higher unit sales and subsequently, revenue.
The high share is due to the presence of skilled medical professionals, outstanding healthcare infrastructure, advancements in technology, and the presence of prominent market players in the country. In addition to this, healthcare reimbursement policies are also augmenting market growth.
For instance, President Joe Biden’s healthcare plan will insure more than 97% of Americans owing to the introduction of a Medicare-like public option for Individuals and Families. His plan also includes strengthening the Affordable Care Act (ACA) by increasing marketplace subsidies.
By product, endoscopic fluid management systems are expected to capture the dominant market share in 2022 and beyond. Increased demand for precision based surgeries to ensure minimal trauma during intensive surgical procedures is driving adoption.
As the incidence of various renal, gastrointestinal, respiratory and cardiac disorders increase, patients are opting for highly precise yet minimally invasive surgeries has led hospitals and clinics to deploy advanced endoscopic fluid management systems.
Hospitals are expected to make maximum usage of endoscopy fluid management systems, given the ever increasing volume of patient admissions for various laparoscopic and other internal surgeries.
Moreover, hospitals also partner with various laboratories and research institutions to conduct studies on surgical procedures, requiring them to use endoscopy fluid management systems.
The global endoscopy fluid management systems market is on a rise owing to the manufacturers who are investing in the research & development of new valves as per changing industry standards across multiple industry verticals.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2012 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, Poland, China, Japan, India, Australia, Saudi Arabia, South Africa, Egypt |
| Key Market Segments Covered | Modality, End User, Product Type, Region |
| Key Companies Profiled | Karl Storz GmbH & Co KG; Olympus Corporation; Richard Wolf GmbH; Smith & Nephew; Stryker Corporation; DePuy Synthes (Johnson & Johnson Services Inc.); Cantel Medical Corporation,; Medtronics Plc.; B. Braun Medical Inc.; Hologic Inc. |
| Pricing | Available upon Request |
The endoscopy fluid management systems market is anticipated to be worth USD 444.2 million in 2022.
The endoscopy fluid management systems market is predicted to thrive at a 7.4% CAGR through 2028.
The endoscopy fluid management systems market is poised to reach USD 683 million by 2028.
The astronomically rising demand for minimally invasive surgeries is a pivotal growth driver for the market.
North America is anticipated to witness a 7.7% CAGR in 2022.
Asia Pacific captured a 7.4% CAGR in 2022.
North America and Asia Pacific registered market shares worth 42% and 28% in 2022, respectively.
1. Executive Summary 2. Market Introduction 3. Endoscopy Fluid Management Systems Market Opportunity Analysis 4. Endoscopy Fluid Management Systems Market Analysis Scenario 5. Market Background 6. Global Economic Outlook 7. Key-Inclusions 8. North America Endoscopy Fluid Management Systems Market Analysis and Forecast 9. Latin America Endoscopy Fluid Management Systems Market Analysis and Forecast 10. Europe Endoscopy Fluid Management Systems Market Analysis and Forecast 11. Asia Pacific Endoscopy Fluid Management Systems Market Analysis and Forecast 12. MEA Endoscopy Fluid Management Systems Market Analysis and Forecast 13. Forecast Factors: Relevance and Impact 14. Forecast Assumptions 15. Market Structure Analysis 16. Competition Landscape 16.1. Stryker 16.2. Olympus Corporation 16.3. KARL STORZ SE & Co. KG 16.4. Smith & Nephew Plc. 16.5. Richard Wolf GmbH 16.6. Hologic Inc. 16.7. Cantel Medical Corporation 16.8. Medtronic Plc. 16.9. Braun Medical Inc. 16.10. DePuy Synthes (Johnson & Johnson Services, Inc.) 17. Global Endoscopy Fluid Management Systems Market Analysis and Forecast, By Region 17.1. North America 17.2. Latin America 17.3. Europe 17.4. Asia Pacific 17.5. Middle East and Africa (MEA) 18. Global Endoscopy Fluid Management Systems Market Analysis and Forecast, By Product Type 18.1. Laparoscopy Fluid Management Systems 18.2. Laparoscopy Suction Irrigation Pumps 18.3. Hysteroscopy Fluid Management Systems 18.4. Hysteroscopy Pumps 19. Global Endoscopy Fluid Management Systems Market Analysis and Forecast, By Modality 19.1. Floor Standing 19.2. Benchtop 20. Global Endoscopy Fluid Management Systems Market Analysis and Forecast, By End Users 20.1. Hospitals 20.2. Ambulatory Surgical Centers 20.3. Specialty Clinics 20.4. Diagnostic Centers 21. Global Endoscopy Fluid Management Systems Market Analysis 2013 to 2021 and Forecast 2022 to 2028 22. Assumptions and Acronyms Used 23. Research Methodology
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Endoscopy Fluid Management Systems Market
