Recycling & Waste Industry Today

Medical Waste Management Market- Latest Study Reveals New Growth Dynamics| Stericycle, Clean Harbors, EcoMed Services

Proper biomedical waste management is essential to protect the health of healthcare workers, the public, and the environment. Improper handling of biomedical waste can lead to the spread of infectious diseases, the contamination of the environment, and the exposure of workers to hazardous materials.
Published 13 November 2023

The Latest research coverage on Medical Waste Management Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.

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Major & Emerging Players in Medical Waste Management Market:- Stericycle (United States) , Veolia Environnement S.A. (France) , Suez Environnement (France) , Clean Harbors (United States), REMONDIS AG & Co. KG (Germany) , Sharps Compliance, Inc. (United States) , Waste Management, Inc., (United States), BioMedical Waste Solutions, LLC (United States) , Daniels Sharpsmart Inc. (Australia), Republic Services, Inc. (United States), EcoMed Services (United States), GRP & Associates (United States) , BWS Incorporated (United States) , MedPro Disposal (United States) , GIC Medical Disposal (Canada) , ,

The Medical Waste Management Market Study by AMA Research gives an essential tool and source to Industry stakeholders to figure out the market and other fundamental technicalities, covering growth, opportunities, competitive scenarios, and key trends in the Medical Waste Management market.

Medical wastes refer to all waste, biological or nonbiological products that are discarded and not intended for further use. The medical waste consists of materials generated as a result of immunization, treatment, and diagnosis of human beings and animals. The global medical waste management market is driven by several factors such as increasing initiatives by regulatory authorities for improving medical waste management services, rising aging population, increasing number of conferences and symposia, and the generation of large amounts of medical waste. The outsourcing of medical waste management services and technological advancements has opened an array of opportunities for market growth. However, the need for high capital investment is expected to restrain the market growth.

 In December 2017, Bertin Technologies launched an innovative sterilwave 100 which is an ultra-compact solution for biohazardous waste management. This solution offers high-performance traceability, efficiency, and quality of equipment to meet the needs of healthcare clinics, hospitals, laboratories, and others.

According to OSHA Regulations, medical wastes require careful disposal and containment before collection and consolidation for treatment. They are used to dictated initial measures for discarding regulated medical-waste items. These measures are designed to protect the workers who generate medical wastes and who manage the wastes from point of generation to disposal.

In January 2018, Meridian Waste Solutions acquired Envicare, a medical waste disposal business. This acquisition will enable waste transportation and disposal solutions for regulated and specialized waste, pharmaceutical disposal solutions, sharpes management services, controlled substance waste solutions, integrated waste solutions for large healthcare facilities, and compliance training and education for the healthcare industry.

The titled segments and sub-section of the market are illuminated below: by Type (Sharps, Pathological Waste, Pharmaceutical Waste, Chemical Waste, Infectious Waste, Gene Toxic Waste, Others), Application (Hospitals, Retail Pharmacy, Laboratories, Blood Banks, Research Institutions, Others), Treatment Technology (Non-incineration system, Incineration system), Services (Disposal, Recycling, Transportation & Storage, Other {Processing and Collection}), Nature of Wastes (Non-hazardous, Hazardous), Category (Controlled, Uncontrolled), Treatment Sites (Offsite, Onsite)

Market Trends:

Value-Oriented Customers

Increasing Demand from Asia-Pacific Regions

Opportunities:

Growing Concerns over Eco-friendly and Safe Waste Management & Treatment Process

Upsurge Government Initiatives towards Medical Waste Management

 

Market Drivers:

Increase in Generation of Healthcare Waste

Rising Geriatric and Obese Populations

 

Challenges:

Potential Pollution Risk Associated with Incineration Processes 

Lack of Skilled Professional for Proper Disposal of Waste Products

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Some Point of Table of Content:

Chapter One: Report Overview

Chapter Two: Global Market Growth Trends

Chapter Three: Value Chain of Medical Waste Management Market

Chapter Four: Players Profiles

Chapter Five: Global Medical Waste Management Market Analysis by Regions

Chapter Six: North America Medical Waste Management Market Analysis by Countries

Chapter Seven: Europe Medical Waste Management Market Analysis by Countries

Chapter Eight: Asia-Pacific Medical Waste Management Market Analysis by Countries

Chapter Nine: Middle East and Africa Medical Waste Management Market Analysis by Countries

Chapter Ten: South America Medical Waste Management Market Analysis by Countries

Chapter Eleven: Global Medical Waste Management Market Segment by Types

Chapter Twelve: Global Medical Waste Management Market Segment by Applications

What are the market factors that are explained in the Medical Waste Management Market report?

– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.

– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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