As forecasted by XploreMR in a recent market study, the global surgical fluid disposal market is on a positive growth trajectory during the forecast period (2017 - 2026). Surgical fluid disposal devices are used to collect the various kinds of fluids that are generated during surgical procedures. Blood, spinal fluids, dialysis waste, and lab specimen signature, among others need to be carefully disposed because spilling of such fluid and subsequent exposure to other humans could result in infections. Hence, the disposal procedure and devices to carry it are essential in healthcare institutions. The growing number of medical procedures and rising emphasis on patient & doctor safety is creating significant growth opportunities to the players in the surgical fluid disposal market. Moreover, the high number of patient admissions due to COVID-19 and stringent guidelines on handling their medical waste will bestow lucrative revenue opportunities through the pandemic.
North America Leads Regional Landscape while Adoption in APEJ Surges
Holding the lion's share in terms of market valuation, North American region is expected to region supremacy over the surgical fluid disposal market, with the U.S. leading the way. High awareness among medical professionals regarding the fluid disposal process is bolstering the region to dominate the regional landscape. Moreover, Europe also holds a respectable share in the market owing to effective health care infrastructure in the developed countries in the region. On the other hand, Asia Pacific excluding Japan (APEJ) is anticipated to account for a respectable share in the global surgical fluid disposal market during the forecast period backed by the high demand in the region. The growth of the region is primarily attributed to high spending by governments on the healthcare infrastructure to provide effective medical treatments, which in turn is increasing the demand for fluid disposal devices.
Rising Awareness Among Medical Professionals Invigorates Market
Different types of surgical fluids - such as spinal fluids,saliva, blood, dialysis waste, amniotic fluids, lab specimen, cultures, and medications such as chemotherapy drugs - are generated during medical procedures. To collect and dispose such fluids, medical professionals employ tubing sets, containers, and waste bags. Owing to rising awareness among medical professionals regarding the possibility of infections in case of exposure to to fluids, these devices are finding significant adoption. Among the various kinds of devices available, containers are expected to remain the most sought-out products, on the back of their easy-to-handle nature. Similarly, tubing sets are forecasted to grow in value owing to rising adoption through the forecast period.