Asia-Pacific region is anticipated to witness the fastest growth rate in the global fluid management systems market. Increased population is a primary factor driving the demand for fluid management systems in the region. Moreover, the rising geriatric population, particularly in Japan, has increased the number of surgeries, thus fostering the market growth. Growing per capita income and rising awareness among consumers regarding the new minimally invasive surgical technologies are propelling the demand for fluid management systems.
Governments of the developing economies have increased spending on improving healthcare infrastructure and have opened markets for private sector investments. Rapid development and expansion of private sector hospitals in the rural areas of the region is a key factor for the market growth. Furthermore, the demand for cutting-edge technologies and advanced systems for the urban population presents ample growth opportunities for the fluid management systems market during the forecast period, 2017–2029.
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Impact of COVID-19
With COVID-19 infections rising worldwide, the predictions regarding the shortage in the medical devices and other systems widen. The virus is known to have an adverse effect on the geriatric population as compared to other demographics. Such patients are shifted to the intensive care units and need constant monitoring and treatment. Moreover, the sudden rise in the blood plasma donation camps for infected patients is likely to create a huge demand for fluid management systems over the studied period.
However, from the supply side, the producers are largely affected by lockdowns and continuous government interventions. Most of the laborers were observed returning home, majorly in the developing economies, thus creating a labor shortage. The key players in the global market are trying to maintain constant production and supply of the fluid management systems while taking precautionary measures. Some of the major players are adopting acquiring smaller firms in a similar industry and some are investing in automated systems to lower dependency on the laborers. The fluid management systems market is expected to have a steady growth in the post-COVID scenario.
Fluid Management Systems Market: Segmentation
By Product Type
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now