Medical Waste Management System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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The global medical waste management system market has a strong vendor landscape. The competition in the market is expected to grow intense over the course of the given forecast period of 2018 to 2028 due to the emergence of the new players in the market. These new companies in the market are bringing innovative products and services in the market are luring more number of customers. One such instance of this can be cited in February 2018. The Department of Environment and Climate Change in Canada took a decision to launch a new notice processing system. The actual launch of this new system similar to the WIETS happened in June 2018.

Some of the key driving factors for the growth of the global medical waste management system market are given below:

  • Technological boom: One of the key driving factors of the global medical waste management system technological boom in the healthcare sector. Increasing activities of research and development coupled with increased funding for the same is also helping to grow the global market in the coming years. These advancements in the waste management technology is helping to make management of medical waste simpler and environment friendly. This is also helping to fuel the growth of the global market.
  • Growing geriatric population: In addition to the point above, the global medical waste management system market is also fueled by the growing geriatric population across the globe, especially in countries such as China and Japan. Larger geriatric population implies more chances of recurring disorders and thus more hospitalizations and medical waste generation. This has thus helped in the growth of the global market.

Medical waste refers to the waste generated at the medical facility centers and life science processing Companies. Medical waste generated by health care activities includes body parts, blood, chemicals, a broad range of materials, medical devices from used needles and syringes to soiled dressings, medical devices, diagnostic samples, pharmaceuticals, and radioactive materials. The medical waste management system refers to the process of regulating the generation, handling, treatment and disposable of medical waste. The medical waste management system is based on the various permits, standards and norms by the different government and regulatory bodies for transportation, storage and processing of the waste.

The government initiatives and funding the implementation of medical waste management activities, has become the growth opportunity for the medical waste management system market over the long run.

The global medical waste management system market is segmented on the basis of the services, type of medical waste, service site, treatment and waste generator.

On the basis of services, the global medical waste management system market is segmented into:

  • Treatment
  • Disposable
  • Recycling

On the basis of type of medical waste, the global medical waste management system market is segmented into:

  • Bio hazardous
  • Non hazardous
  • Sharps
  • Pharmaceutical
  • Radioactive
  • Others

On the basis of services site, the global medical waste management system market is segmented into:

  • Onsite services
  • Offsite services

On the basis of treatment, the global medical waste management system market is segmented into:

  • Incineration
  • Autoclaving
  • Chemical treatment
  • Others

On the basis of waste generator, the global medical waste management system market is segmented into:

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Pharmaceutical Companies
  • Biotechnology Companies
  • Others

The global medical waste management system market is expected to register a significant CAGR over a forecast period. The increasing awareness about the benefits of dedicated medical waste management system for the disposing, recycling and treatment of waste, is anticipated to boost the growth of the global medical waste management system market. The increasing initiatives by the regulatory authorities and the stringent rules and regulations regarding medical waste management systems, is also expected to bolster the growth of the medical waste management systems and have become  a key growth driver of the global medical waste management system market over forecast period. The increasing medical waste due to the rising geriatric population along with the increasing prevalence of infectious and chronic diseases is also anticipated to boost the growth of the global medical waste management system market over forecast period.

However, the high capital investment for the set-up of medical waste management system may hinder the growth of medical waste management systems market. During the medical waste management process, various hazardous gases and compounds gets released, which also may hamper the growth of the global medical waste management systems market.

On the basis of regional presence, the global medical waste management system market is segmented into five key regions: North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The North America is dominating and contributed the leading shares to the medical waste management system market in terms of revenue and expected to register a significant growth over a forecast period due to the rising patient populations and the stringent rules and regulations by the government bodies in the region. Europe is also expected to contribute to moderate revenue market share and register a healthy growth rate in the global medical waste management system market followed by North America. The APEJ region has become a lucrative market for medical waste management system and anticipated to register significant opportunities over the forecast period due to the increasing demand of medical waste management systems for proper treatment, disposable and recycling of the medical waste in the region. The Latin America and MEA regions are at a nascent stage to the global medical waste management system market and expected to show a moderate growth over the forecast period.

Medical Waste Management System Market: Key Players

Some of the market players in medical waste management system Market globally include BioMedical Waste Solutions, LLC, Bondtech Medical Waste Containers, Clean Harbors, Inc., Converge Medical Solutions, LLC, Daniels Sharpsmart, Inc., Stericycle, Inc., Medasend Biomedical, Inc., Mazaya Waste Management LLC, Sharps Compliance, Inc., Veolia Environnement S.A., REMONDIS Medison GmbH, Republic Services, Inc., Waste Management, Inc. and Suez Environnement S.A. The medical waste management system market is currently witnessing a number of strategic collaboration and partnership activities by manufacturers and end users.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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