The market for fluid management and visualization systems consists of devices such as dialyzers, insufflators, suction and evacuation devices, fluid warming systems, tubing sets, catheters, suction canisters, camera heads, video processors and endoscopic cameras. These devices are widely used in endoscopic procedures to treat people with kidney failure, obesity, cardiovascular disease, orthopedic conditions, neurological disease, cancer, gastrointestinal and respiratory diseases. The fluid management and visualization systems market has been broadly segmented into fluid management devices & accessories and visualization systems and accessories. On the basis of application, the market also has been segmented into neurology, cardiology, arthroscopy, gastroenterology, nephrology and bronchoscopy.
Globally, the market for fluid management and visualization systems is expanding due to factors such as increase in incidence of respiratory, digestive, reproductive and neurological diseases; rise in number of minimally invasive procedures and technical advances leading to innovation in fluid management and visualization systems. The market growth is also driven by favorable reimbursement scenario in countries like the United States, Japan, Canada, Germany, France, U.K., Italy and Spain.
In developing nations of Asia-Pacific and Rest of the World (RoW), increasing penetration by private health insurance providers is likely to play a key role in representing these regions as the most attractive markets for manufacturers operating in the fluid management and visualization systems market. On the other hand, there are some factors that serve the market as a growth restraint. These factors primarily include scarcity of skilled and experienced surgeons, and high cost associated with the endosurgical procedures.