Global Surgical Fluid Waste Management Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Surgical Fluid Waste Management Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Traditional methods of removing fluid medical waste from the operating room are being replaced in many places by fluid management systems that collect and discharge contents directly into the sanitary sewer. Fluid management systems can replace single-use disposable plastic suction canisters, chemical solidifiers (itself an exposure risk), and significantly reduce waste disposal costs. Additional available safety features include smoke evacuation, precise vacuum control, fluid measurement, air filtration, and enclosed processing which further reduces occupational exposure risk.

Surgical fluid handling is the treatment of fluids produced in operating rooms, outpatient surgery centers, and other environments. The treatment is performed by using a fixation system designed to be installed in the operating room, which can be connected to the existing drainage and vacuum system of the hospital. This technology eliminates human exposure to blood, irrigation fluids, and other potentially infectious fluids found in the surgical environment, thereby maintaining a sterile environment. The system is usually automated, closed, faster to set up, and sustainable. The use of automatic processing systems reduces the costs associated with surgical waste disposal.

Market Overview:

The latest research study on the global Surgical Fluid Waste Management market finds that the global Surgical Fluid Waste Management market reached a value of USD 315.85 million in 2022. It’s expected that the market will achieve USD 566.06 million by 2028, exhibiting a CAGR of 10.21% during the forecast period.

The number of minimally invasive surgeries continues to increase

Compared with open surgery, minimally invasive surgery has a wide range of advantages-fewer postoperative complications, shorter recovery period (shorter hospital stay), and lower risk of infection at the surgical site. Many minimally invasive procedures are considered outpatient procedures, and patients do not need to spend the night in a medical institution. Minimally invasive surgery is increasingly being covered by health insurance providers in various countries around the world. Due to its advantages, many patients and doctors choose minimally invasive surgery over other surgical procedures. More and more minimally invasive cancer treatment procedures are also expected to promote the demand for Surgical Fluid Waste Management systems and accessories.

High cost of medical and surgical procedures

Due to high capital, training, and maintenance costs, endoscopy procedures are often expensive. In addition, in most Asian countries, there is limited or no reimbursement for endoscopy procedures. The higher cost of endoscopic surgery usually prompts doctors and patients to choose alternative and lower-priced methods, which limits the worldwide adoption of surgery and affects the growth of dependent industries such as Surgical Fluid Waste Management systems and accessories. The high maintenance cost of the equipment will also Restrict the development of the industry.

Region Overview:

Geographically, North America held the largest market share -- 39.25% in 2022.

Company Overview:

Stryker is one of the major players operating in the Surgical Fluid Waste Management market, holding a share of 50.77% in 2021.

Cardinal Health

Manufactures medical and surgical products, including gloves, surgical clothing, and fluid management products.

DeRoyal

The company produces surgical equipment, combined delivery systems, orthopedic supports and braces, and wound care dressings.

Segmentation Overview:

By type, Floor-Standing segment accounted for the largest share of market in 2022.

Floor-Standing

The system is floor-standing and can ensure continuous suction throughout the operation, regardless of the amount of liquid, making the nurse's daily work easier. Intelligent and efficient management of large amounts of liquid brings immediate relief to operating room professionals and medical institutions.

Wall-Mounted

By installing on the wall or embedded in the wall, the space on the floor of the operating room/operating room is saved. By optimizing the performance of the operating room and operating room through continuous suction and unlimited capacity, surgery and other medical procedures can be continued without interruption.

Application Overview:

The market's largest segment by application is the segment Hospital & Clinics , with a market share of 77.06% in 2022.

Hospital & Clinics

Hospitals and clinics include surgical parts, including minimally invasive surgery, etc. The integrated equipment provides efficient and effective direct drainage of surgical waste disposal. This system eliminates the need to visit surgery, radiology, ultrasound, endoscopy, urology and other specialized departments The danger and inconvenience of post-treatment of body fluids.

ASCs

Ambulatory surgery centersknown as ASCsare modern healthcare facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. ASCs have transformed the outpatient experience for people by providing them with a more convenient alternative to hospital-based outpatient proceduresand done so with a strong track record of quality care and positive patient outcomes. The Surgical Fluid Waste Management system intelligently and efficiently manages large amounts of liquid, bringing immediate relief to operating room professionals and medical institutions.

Key Companies in the global Surgical Fluid Waste Management market covered in Chapter 3:

Cardinal Health
Zimmer
Skyline Medical
Stryker
Serres
MD Technologies, Inc.
DeRoyal

In Chapter 4 and Chapter 14.2, on the basis of types, the Surgical Fluid Waste Management market from 2018 to 2029 is primarily split into:

Floor-Standing
Wall-Mounted

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Surgical Fluid Waste Management market from 2018 to 2029 covers:

Hospital & Clinics
ASCs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)