HOME › Research Insight › Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (U.S.) and B. Braun Melsungen AG (Gerrmany) dominate the global Fluid Management Systems and Accessories Market
Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (U.S.) and B. Braun Melsungen AG (Gerrmany) dominate the global Fluid Management Systems and Accessories Market
Fluid management systems and accessories are used in surgical procedures to perform various functions such as irrigating and suctioning the irrigation fluid, fluid filtration, fluid warming, distending the body cavity at the surgical site, and collection and disposal of body fluid waste. The overall growth in the global fluid management systems and accessories market is driven by the increase in the number of minimally invasive surgeries, technological advancements in fluid management systems, and increase in government funds and grants worldwide for endosurgical procedure. The major players in the fluid management systems market are Fresenius Medical Care AG & Co. KGaA (Germany), B. Braun Melsungen AG (Germany), and Baxter International, Inc. (U.S.); while, Stryker Corporation (U.S.), Ecolab Inc. (U.S.), AngioDynamics, Inc. (U.S.), Cardinal Health, Inc. (U.S.), Olympus Corporation (Japan), and ConMed Corporation (U.S.) are the major players in the fluid management accessories market
Fresenius Medical Care AG & Co. KGaA was the leading player in the global fluid management systems and accessories market in 2015. The company is a global leader in dialysis products and has maintained its leading position in the market through a strong distribution network across North America, EMEA (Europe, Middle East, and Africa), Asia-Pacific, and Latin America. The company offers an exhaustive product portfolio in the hemodialysis as well as the peritoneal dialysis market, including dialyzers, bloodlines, hemofilters, tubing sets, and catheters. The company primarily pursues the strategy of product launch to maintain its position and increase its customer base. For instance, in May 2016, the company launched the 6008 CAREsystem, a new dialysis therapy system which minimizes the number of risk-related handling steps and reduces complexity in therapy delivery. The company also focuses on enhancing its presence in developing countries. In this regard, in September 2016, the company acquired an 82% stake of Sandor Nephro Services, one of the largest dialysis care providers in India.
Baxter International, Inc. contributes to a share in this market. In order to sustain its leading position in the market, the company pursues organic as well as inorganic growth strategies. For instance, in May 2016, Baxter International introduced THERANOVA, a new class of dialyzers to filter out more toxins during hemodialysis. To maintain its position in the market, the company focuses on acquisitions as its key growth strategy. In September 2013, Baxter completed the acquisition of Gambro AB (Sweden), a leading player in the dialysis products and services market.
Players in the fluid management systems and accessories market pursued the strategies of product launches, expansions, acquisitions, and partnerships and agreements to achieve growth. Rapid technological developments as well as high growth in emerging markets lead to an increase in the number of new products launched. Companies also aim to differentiate themselves in the highly competitive fluid management systems and accessories market by expanding their product portfolios in accordance with industry trends and needs.
Fluid Management Systems Market by Product (Dialyzers, Insufflators, Fluid Warming systems, Pressure Transducers, Suction Canister), Disposables and Accessories, & Application (Urology, Laparoscopy, Gastroenterology, Gynecology) - Forecast to 2021
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