Endoscopy Fluid Management Systems Market Set to Reach USD 683 Million by 2028 at a 7.4% CAGR, Driven by Technological Advancements and Growing Healthcare Demand

Endoscopy Fluid Management Systems Market

The global endoscopy fluid management systems market, valued at USD 414 million in 2021, is forecasted to experience robust growth, reaching an estimated USD 683 million by 2028. This growth reflects a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period from 2021 to 2028.

The increasing demand for minimally invasive surgeries and the adoption of advanced medical technologies are significant factors contributing to the market’s expansion. Endoscopy fluid management systems play a crucial role in maintaining optimal fluid balance and visibility during endoscopic procedures, ensuring better outcomes and reducing complications.

Furthermore, the rise in chronic diseases, such as gastrointestinal disorders, cancer, and respiratory diseases, has led to a higher volume of diagnostic and therapeutic endoscopic procedures. As healthcare facilities increasingly adopt advanced endoscopic technologies to enhance surgical precision, the demand for effective fluid management systems continues to grow.

With ongoing advancements in system automation and integration, the endoscopy fluid management systems market is poised for continued growth, supported by innovations aimed at improving patient safety and procedure efficiency.

Key Insights

The growth of the endoscopy fluid management systems market is driven by several factors:

• Increasing Demand for Minimally Invasive Surgeries: The rising preference for minimally invasive procedures among healthcare providers is a significant growth driver, as these systems enhance surgical visibility and efficiency.
• Technological Advancements: Innovations in fluid management systems, including improved valves and automated features, are making these systems more effective and user-friendly.

Growth Drivers

Several factors contributing to market expansion include:

• Rising Incidence of Gastrointestinal Disorders: The increasing prevalence of gastrointestinal diseases necessitates advanced endoscopic solutions for diagnosis and treatment.
• Government Support and Funding: Increased funding for nonsurgical procedures and research initiatives is boosting the adoption of endoscopy fluid management systems.

Regional Insights

• North America is expected to be the largest market, with a projected CAGR of 7.7% during the forecast period, driven by advanced healthcare infrastructure and high adoption rates of new technologies.
• The Asia-Pacific region is also anticipated to grow significantly due to rising healthcare investments and increasing awareness about minimally invasive surgical techniques.

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.

Key Companies Profiled

• Karl Storz GmbH & Co KG
• Olympus Corporation
• Richard Wolf GmbH
• Smith & Nephew
• Stryker Corporation
• DePuy Synthes (Johnson & Johnson Services Inc.)
• Cantel Medical Corporation,
• Medtronics Plc.
• B. Braun Medical Inc.
• Hologic Inc.