Medical Waste Management Equipment Market Analysis by Key Players Focusing on Growth Strategies and Upcoming Trends 2022
Medical Waste Management Equipment Market information, by Waste type (infectious waste, non-infectious/hazardous waste, radioactive waste, medical disposables, others) and Forecast to 2022
Pune, India – July 31, 2018 /MarketersMedia/ —
Global Medical Waste Management Equipment Market – Key developments
Companies are continuously developing new products to capture the market globally. Thus major players invest more in research and development activity, in order to lead the global market. In this regards, market players undertake various strategic approaches.
Sun Pacific Holding Corp.
In June 2018, Sun Pacific Holding Corp. announced the progress of the company’s Rhode Island medical waste to energy project. In February 2018, the company had launched a Medical Waste to Energy project in Johnston, Rhode Island, which would process up to 70 tons of medical waste per day.
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MedPro Medical Waste Disposal
Based in the United StatesMedical Waste Disposal, MedPro Medical Waste Disposal offers various services such as Biohazard Waste Disposal, Compliance, OSHA Quick Start Guide, Sharps Disposal, Mail Back Program, Pharmaceutical Mailback, Secure Document Shredding and many more.
Waste Management Inc.
Waste Management Inc. is an environmental solutions provider in North America with U.S. and Canada being the major markets. Medical waste collection services and medical waste disposal by mail are the two major services offered by the company under healthcare waste management.
July, 2015: Waste Management Inc. announced the launch of a new fleet of Compressed Natural Gas (CNG) fueled trucks at the company’s facility on Conrad Place in Waterloo.
Republic Services Inc.
Based in the United States, Republic Services Inc. provides non-hazardous solid waste collection, transfer, disposal, recycling, and energy services.
July 2016: Republic Services Inc. announced a new renewable energy project with Mas Energy to serve the metropolitan Atlanta area, which includes three landfill gas to energy facilities in Buford, Griffin and Winder. The facilities will produce 24.1 megawatts of electricity and. The three facilities will be the largest landfill gas-to-energy project in Georgia and will provide the U.S. economy with advantages such as reducing air pollution through the capture and use of methane. As of December 31, 2015, Republic Services operated 69 landfill gas and renewable energy projects.
In April 2015: Republic Services opened a landfill gas-to-energy project near Los Angeles.
Stericycle Inc.
Stericycle Inc. offers various waste management services for biohazardous waste, pharmaceutical waste, controlled substance waste, industrial hazardous waste, household hazardous waste and others.
Global Medical Waste Management Equipment Market – Regional Analysis
The key markets of the global medical waste management equipment market include North America, Europe, Asia-Pacific and Middle East & Africa. The North America market for medical waste management equipment is entrenched owing to strict regulations pertaining to commercial and medical waste management. Additionally, well-developed healthcare sector coupled with rising prevalence of chronic diseases is boosting the market in the region. The Europe market too is well established and has potential growth opportunities. The Asia-pacific market is estimated to grow considerably due to growing demographics and economies in the emerging economies, rising social awareness and government initiatives for environment conservation undertaken in developing countries. The Middle East & Africa market is experiencing a setback due to substantial initial cost of implementation.
Global Medical Waste Management Equipment Market – Key Players
The major participants of this market MedPro Medical Waste Disposal (US), Clean Harbors (US), Waste Management Inc. (US), Republic Services Inc. (US), and Stericycle Inc. (US) and others.
Global Medical Waste Management Equipment Market – Highlights
The Global Medical Waste Material Management Equipment Market has been evaluated as rapidly growing market and expected that the market will reach high growth figures due to increasing growth in research and hospital sector which are two main sectors of medical waste. However the high cost of machines is a factor of worry for the consumers.
Waste generated by hospitals, clinics, laboratories, healthcare services, research centers are categorized under medical waste. Medical wastes are hazardous and may contain various infectious, genotoxic, pathological, pharmaceutical waste, the quantity of which is increasing rapidly, and in turn The medical waste management equipment market has been growing at a fast pace over the past few years and Market Research Future(MRFR), projects a healthy CAGR during the forecast period.
The medical waste management market is expected to surpass its present revenue and will register high growth figures by 2022. Vast amounts of medical wastes are being generated across the globe which requires treatment and proper disposal and this, in turn, has augmented the growth of the medical waste management market. Other factors include rising adoption of medical waste management equipment, rising governmental concern worldwide for the safety disposal of medical waste, scarcity of land for disposals, legislative pressure, increasing number of hospitals and healthcare units and research in the field of life sciences, steep increase in hazardous waste and recent advances in technologies suited to medical waste management which has made their application cost-effective and easier to implement.
On the flip side, hefty capital investment for installation of high-end machinery and new technical equipment, slow technology adoption, lack of firm medical waste management policy and continued dependence on landfill disposal are likely to restrain the market. Economic slowdown across the globe is also expected to hinder the market growth.
Global Medical Waste Management Equipment Market – Segmentation
The medical waste management market is majorly segmented on the basis of types of waste, type of product, and method, site of treatment. Based on the type of waste the market is segmented into; infectious waste, non-infectious/hazardous waste, radioactive waste, medical disposables. Further on the basis of products, the market is again classified into; autoclave, sterilization equipment, microwave, others. Similarly, depending upon the method of waste management the market is further divided into; recycling, disposal, mechanical/chemical disinfection, irradiation, among others.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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Source: MarketersMedia
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