Surgical fluid disposal Market is all set to witness a CAGR of 3.8% in the next decade. It is expected to reach US$ 4 Bn by the year 2026. With digitized communication channels making a beeline to the healthcare vertical, the advanced clinics are into virtual consultation mode, and this scenario is expected to continue even going forward. Regulatory approvals for this type of communication are on the way. Close to 70% of the public hospitals worldwide are being asked to adopt digital means. This would be the scene with healthcare vertical in the subsequent period.
Surgical fluids are generated in various procedures in the healthcare facility that are required to be disposed as they are collected. There are various devices available in the market for disposal of surgical fluids. To name a few, devices such as containers, tubing sets and waste bags are typically used for fluid disposal. These devices find use across various applications such as laparoscopy, gastroenterology, urology and gynecology and are used by hospitals, clinics as well as ambulatory surgical centers.
The growth of the global surgical fluid disposal market is influenced by factors such as increasing surgical procedures, technical advances in effective fluid disposal systems, convenience of disposal with the use of containers and tubing sets, growing minimally invasive surgeries and increasing funds from governments across regions for procedures related to endosurgery.
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A fact based research report on “Surgical fluid disposal Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026)” by Persistence Market Research (PMR) reveals various aspects associated with the market’s growth. Several macroeconomic facets impacting the market along with supply chain analysis and vendor analysis have been included in this extensive research report.
This research can give the much needed value addition to the reader with which he/she can slate key strategies to gain strong market hold in the coming years. As per this research study, the global market for surgical fluid disposal is projected to grow at a value CAGR of 3.8% throughout the period of assessment (2017-2026) to reach a significant market valuation by the end of the forecast period.
Company Profiles:
- B. Braun Melsungen AG
- Skyline Medical, Inc.
- Baxter International, Inc.
- Cardinal health, Inc.
- Hill Rom holdings, Inc.
- CR Bard, Inc.
- Medtronic Plc
- Olympus Corporation
- Stryker Corporation
- Smith & Nephew Plc
- Others.
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4 Key Insights on Global Surgical fluid disposal Market
The global surgical fluid disposal market is segmented on the basis of product type, end user, application and region.
- In the product type category, the containers segment is estimated to be the largest and highly attractive segment, largely contributing to the global market’s growth. This segment is projected to grow at a significant value CAGR during the forecast period. Also, the demand for tubing sets is expected to increase in the coming years, making tubing sets a high growth segment during the forecast period
- In the application category, the demand for surgical fluid disposal is largely seen in laparoscopy. The laparoscopy application segment is expected to grow at a value CAGR of 4.4% throughout the period of forecast. Moreover, the urology segment is also expected to show significant adoption of devices for disposal of surgical fluids
- By region, North America is anticipated to the largest with a high market attractiveness. Moreover, the surgical fluid disposal market in North America is estimated to reach a high market valuation as compared to other regions and is expected to touch a billion dollar milestone by the end of the forecast period
- With respect to end user, hospitals and ambulatory surgical centers have shown increased inclination towards adopting surgical fluid disposal. Hospitals segment is expected to portray high market share as well as favorable growth rate in the coming years. The adulatory surgical centers segment is projected to grow at a relatively high value CAGR throughout the assessment period.
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