Healthcare firm Medline Industries has agreed to acquire AngioDynamic’s fluid management business will help in their business expansion in fluid management industry that will drive the global fluid management market in future timeline
Global: Healthcare firm Medline has signed a definitive agreement to buy NAMIC’s fluid management business from AngioDynamics for $167.5m. The portfolio comprises a variety of solutions for cardiac catheterisation. The acquisition includes the NAMIC brand, contrast management and closed fluid systems, guidewires, disposable transducers and interventional accessories. AngioDynamics will also sell its manufacturing facility at Glens Falls, New York. This includes associated manufacturing, sales and marketing teams that support the NAMIC business. AngioDynamics expects the divestiture to drive investments in other therapeutic areas such as oncology and thrombus management. This deal will help Medline to complement its existing medical devices and supplies portfolio. Medline is a manufacturer, distributor and solutions provider that serves healthcare systems and independent facilities across the continuum of care According to BlueWeave Consulting, High demand for minimally invasive surgeries, rising geriatric & chronically ill population, technological advancements in endosurgical procedures, and high demand for single-use devices will fuel the fluid management industry in upcoming years. Various products offered in the fluid management system market are integrated and standalone systems which include fluid warming systems, dialyzers, fluid waste management, evacuation and insufflators among others. Fluid management systems find applications in urology, dental, gastroenterology, anesthesiology, gynecology/obstetrics, otoscopy, laryngoscopy, laparoscopy, neurology, arthroscopy, cardiology, bronchoscopy for functions like fluid irrigation, pressure monitoring, fluid deficit monitoring, suction, fluid warming, fluid waste collection and fluid filtration during the aforementioned procedures. These systems are used in endoscopic cameras, light cables, monitors and display systems, video processors, carts, medical grade printers, camera heads, video converters, endoscopic light sources, and transmitters & receivers as either integrated functionalities or standalone equipment. Increase in incidence and prevalence of infectious and lifestyle diseases, rise in number of end- stage renal disease (ESRD) patients, and increase in prevalence of diabetes and hypertension will influence the fluid management industry. According to BlueWeave Consulting‘s upcoming report, Titled-“Global Fluid Management Market By Product Type [Fluid Management Systems (Standalone Fluid Management Systems, and Fluid Management Disposables and Accessories), and Fluid Management Disposables & Accessories (Catheters, Bloodlines, Tubing Sets, Pressure Monitoring Lines, Pressure Transducers, Valves, Connectors, and Cannulas), By Application (Urology, Gastroenterology, Laparoscopy, Gynecology or Obstetrics, Bronchoscopy, and Anesthesiology); and End User (Hospitals and Ambulatory Surgical Centers) By Region, Size and Forecast 2019- 2025”- Global Fluid Management market is expected with grow with a significant rate in forecast period, 2019-2025, owing to increasing prevalence of chronic diseases related to otoneurology, gastrointestinal tract, orthopedic disorders and nephrology related disorders.Moreover, increasing demand for noninvasive and minimally invasive surgeries, introduction of novel fluid management and visualization systems, rising government support in healthcare, growing healthcare infrastructure and growing medical reimbursement facilities will boost the global fluid management market in forecast perid. Additionally, development & adoption of standalone and integrated fluid management devices, along with proactive government initiatives to spread awareness about fluid management devices will propel the global fluid management market.