Endoscopy Fluid Management Systems Market by Product Type (Laparoscopy Fluid Management Systems, Laparoscopy Suction Irrigation Pumps, Hysteroscopy Fluid Management Systems and Hysteroscopy Pumps), Modality (Floor Standing and Benchtop), End User & Region, Forecast - 2022-2028

Endoscopy Fluid Management Systems Market Outlook (2022-2028)

[187 Pages Report] The global Endoscopy Fluid Management Systems Market enjoyed a valuation of US$ 414 Mn in 2021, predicted to expand at a 7.4% CAGR to reach a net worth of US$ 683 Mn by 2028.

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.

Revenue Analysis of Endoscopy Fluid Management Systems (2012 to 2021) Vs Market Estimates (2022 to 2028)

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. 

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How is Rising Prevalence of Chronic Diseases Spurring Endoscopy Fluid Management Systems Adoption?

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.

How are Emerging Markets Providing Growth Opportunities for 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.  

Endoscopy Fluid Management Systems Market - Country-wise Analysis

Will Asia Pacific Emerge as an Opportunistic Endoscopy Fluid Management Systems Landscape?

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.

Why Should Manufacturers of Endoscopy Fluid Management Systems Focus on North America?

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.

Endoscopy Fluid Management Systems Market - Category-wise Analysis

Why are Endoscopic Fluid Management Systems Most Sought After?

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.

Which End User is expected to Make Extensive Usage of Endoscopy 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.

Endoscopy Fluid Management Systems Market - Competitive Landscape

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. 

• In January 2021, Olympus Corporation announced that it has entered into an agreement to acquire Quest Photonic Devices B.V. for up to EUR50 million including milestone payments to strengthen its surgical endoscopy capabilities.
• In September 2021, Stryker announced the acquisition of Gauss Surgical, a medical device company that has developed Triton™, an artificial intelligence-enabled platform for real-time monitoring of blood loss during surgery. Triton has demonstrated improvements in maternal and surgical care through earlier recognition of hemorrhage leading to earlier intervention.

Endoscopy Fluid Management Systems Industry Report Scope

Key Segments Covered in Endoscopy Fluid Management Systems Industry Survey

Endoscopy Fluid Management Systems Market by Product Type:

• Laparoscopy endoscopy fluid management systems
• Hysteroscopy endoscopy fluid management systems 

Endoscopy Fluid Management Systems Market by Modality:

• Floor Standing endoscopy fluid management systems
• Benchtop fluid management systems

Endoscopy Fluid Management Systems Market by End-User:

• Hospitals endoscopy fluid management systems
• Ambulatory surgical centers endoscopy fluid management systems
• Specialty clinics endoscopy fluid management systems
• Diagnostic centers endoscopy fluid management systems

Endoscopy Fluid Management Systems Market by Region:

• North America endoscopy fluid management systems Market
• Latin America endoscopy fluid management systems Market
• Europe endoscopy fluid management systems Market
• East Asia endoscopy fluid management systems Market
• South Asia & Pacific endoscopy fluid management systems Market
• Middle East & Africa (MEA) endoscopy fluid management systems Market