(EMAILWIRE.COM, August 14, 2018 ) The fluid management systems and accessories market is projected to reach USD 12.47 Billion by 2021 from USD 9.39 Billion in 2016, at a CAGR of 5.8% during the forecast period. Factors such as increasing number of minimally invasive surgeries, technological advancements in fluid management systems, and increase in government funds and grants worldwide for endosurgical procedures are driving the market. Moreover, the untapped potential in emerging markets and rising use of single-use disposable devices and accessories are expected to offer growth opportunities for players operating in the market.

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The fluid management system accounted the largest share of market in 2015. The standalone fluid management system segment accounted the largest share of the fluid management systems market in 2015. Standalone systems are less expensive as compared to integrated systems. This is a major factor for its high adoption in hospitals, especially in developing countries. Among standalone systems, the dialyzers segment accounted for the largest share the standalone fluid systems market in 2015. The large share of this segment is mainly attributed to the increase in geriatric population and increase in the number of end-stage kidney patients. Among fluid management disposables and accessories, catheters accounted the largest share in 2015.

The urology segment accounted for the largest share of the market within application segment in 2015. The large share of this segment is mainly attributed to the increase in the number of dialysis procedures worldwide. The laparoscopy segment is projected to grow at the highest CAGR in the forecast period. Factors such as rising prevalence of colorectal cancer, increasing use of laparoscopy for bariatric surgeries, and technological advancements in laparoscopic instruments are driving this market.

North America accounted for the largest share of the market, followed by Europe, Asia-Pacific, and RoW. The growth in aging and chronically ill population, increasing number of minimally invasive surgeries, growth in the number of dialysis centers, rising usage of single-use disposable accessories, and advancements in technologies are some of the factors driving the North American market.

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