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Medical Waste Management Market 2019 Growth, Key Regions, Segments, Worldwide Players and Pharmaceutical Sector to Inspire Better Intake of Global Market

Global Medical Waste Management Market

A lot of waste is generated as a result of various activities going on in the healthcare sector. Most of this waste comprises frequently used consumables, which are harmful for in-patients, as well as the healthy population. Medical waste includes waste generated at research centers and healthcare facilities, for instance, sharp waste, infectious waste, pathological waste, pharmaceutical waste, chemical waste, and radioactive waste. Inadequate or incorrect handling of medical waste may lead to serious public health issues, such as HIV, tuberculosis, hepatitis, and other bacterial diseases, and could further create an irreversible impact on the environment.

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According to the Journal of Hospital Infection, in 2013, around 20% of medical waste triggered the risks of trauma, infection, chemicals, or radiation exposure for the global populace. Therefore, effective medical waste management is crucial for environment and health protection. In 2015, the World Health Organization (WHO) reported that around 16 million syringes are administrated annually, of which only a few are disposed of properly, which creates a significant risk of injuries and infections.

Reportedly, the UNICEF and WHO collaborated in 2015 for a global initiative taken to ensure that all healthcare facilities across the globe have adequate water supply, proper hygiene & sanitation services, and efficient healthcare waste disposal management. Various strategies are adopted by the national and international regulatory bodies for the development and implementation of several educational and training programs for medical staff and patients, which emphasize on proper medical waste management.

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Global Medical Waste Management Market Taxonomy

By Services:

  • Onsite
    • Collection
    • Treatment
    • Recycling
    • Others
  • Offsite
    • Collecting, transportation, and storage
    • Treatment
    • Recycling
    • Others

By Technique:

  • Incineration
  • Autoclaving
  • Chemical treatment
  • Others

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Global Medical Waste Management Market Insights

Proper medical waste management measures implemented in developed and emerging economies is expected to fuel the growth of the global medical waste management market. Governments worldwide are taking numerous initiatives that support effective medical waste management. For instance, the Union Ministry of Environment, issued a guideline for developing bar codes in the hospitals and clinics in compliance with the Bio-medical Waste Management rule in 2017. This aims to monitor the source of generation of medical waste and its proper disposal, which in turn is expected to control the hazardous effects caused by medical waste. This initiative by the government is expected to propel growth of the medical waste management market in the near future. Training given to the hospital staff to separate and dispose waste properly is critical for the success of such programs or initiatives. Developed regions such as North America and Europe are adopting proper medical waste management. For instance, many hospitals in U.S. have started recycling the single-use products, which are sold back to the hospitals at fraction of the original cost.

The enforcement of stringent governmental norms for proper disposal of medical waste is expected to augment the global medical waste management market growth in the near future. Incineration is the most commonly used method for disposing medical waste, however, it is not a safe procedure as it emits lots of gases, which are responsible for global warming. Environment Protection Agency (EPA) have imposed strict rules regarding incineration due to increasing global warming. Strict rules imposed by government bodies for proper medical waste disposal such as recycling and emission, is increasing the demand for medical waste management. Various non-incineration techniques are used such as autoclave treatment, non-ionization treatment, and some chemical treatment. Government and non-government bodies are working by spreading awareness among masses for proper technique of disposing medical waste in non-hazardous state.

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Global Medical Waste Management Market

The key market contenders of the global medical waste management market are Stericycle, Sharps Compliance, Inc., Veolia Environment, Daniels Sharpsmart, Clean Harbors, Inc., MedWaste Management, Republic Services, and Waste Management.

Table of Content

Global Medical Waste Management Market Research Report
Section 1: Global Medical Waste Management Industry Overview
Section 2: Global Economic Impact on Medical Waste Management Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Medical Waste Management Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Medical Waste Management Market Forecast

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Last Updated: 12-Mar-2021