Fluid management systems are essential equipment used in dental surgeries to allow for fluid containment and disposal. They help collect fluids like water, saliva, and blood produced during different dental procedures such as tooth extraction, root canal treatments, filling, and cleaning. Fluid management systems ensure a safe, hygienic, and contamination-free environment for both patients and dental practitioners. Their efficient suction and fluid evacuation capabilities help in providing better visibility and ensuring smooth functioning of dental surgical tools.
The global fluid management system market is estimated to be valued at US$ 12.41 billion in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
According to the American Dental Association, the number of US adults who visited dentists for dental checkups increased from 47.2% in 2015 to 51.0% in 2017. Similarly, dental tourism is also rising in countries like India and Turkey, owing to availability of low-cost yet quality dental treatments. This is positively impacting the demand for fluid management systems from dental clinics catering to international patients. Additionally, technological advancements in fluid management systems like the integration of digital displays, improved suction capabilities, and autoclavable components are making these systems more efficient and user-friendly. This, as a result, is driving their adoption among dental professionals.
Segment Analysis
The fluid management system market can be segmented based on product, application, end user, and region. Based on product, the market is divided into drains and aspirators, fluid collection systems, and accessory consumables. The accessory consumables segment holds the largest market share due to the recurring requirement of consumables for any fluid management procedure. Based on application, the market is categorized into laparoscopic surgery, open surgery, microsurgery, endoscopy, and others. Laparoscopic surgery dominates the market owing to the minimal invasiveness of the procedure requiring precise fluid management. Based on end user, the market is divided into hospitals, ambulatory surgery centers, clinics, and others. Hospitals account for the largest share as they handle a high volume of complex surgeries requiring effective fluid management solutions.
PEST Analysis
Political: Regulations regarding safe surgical procedures and patient safety drive the need for effective fluid management systems. Economic: Rising healthcare expenditures and focus on cost-effective procedures boost demand. Social: Growing prevalence of chronic diseases and aging population increases surgical volumes fueling market growth. Technological: Advancements in laparoscopy, endoscopy and other minimally invasive procedures drive innovative fluid management product development. Growing focus on digital technologies enables data integration for performance optimization.
Key Takeaways
The Global Fluid Management System Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: North America accounts for the largest share currently owing to developed healthcare infrastructure and favorable reimbursement policies. However, Asia Pacific is poised to register the fastest growth fueled by increasing medical tourism and investments in healthcare facilities in emerging countries.
Key players operating in the fluid management system market are Dentsply Sirona, Ivoclar Vivadent, Modern Dental, 3M, Glidewell, Danaher, Zirkonzahn, Amann Girrbach, Coltene, and Pritidenta. Key players are focusing on inorganic growth strategies like acquisitions to expand their product portfolio and geographical presence. For instance, Dentsply Sirona acquired KaVo Kerr in 2019 to strengthen its endodontic product offerings.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it