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Medical Waste Management Market 2019 Global Analysis, Competitive Landscape and Forecasts | Medasend Biomedical, Bondtech Corporation, Sharps Compliance, Veolia
Medical Waste Management Market
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Medical waste poses a growing problem across the world, jeopardizing the health of patients, staff, workers involved in disposal, and others. The primary reason behind the exponential increase in the volume of medical waste generated can be directly associated with the increasing number of patient admissions across various medical specialties.
The market is expected to grow during the forecast period owing to the driving factors such as large patient population resulting in increasing number of hospitals admissions, increasing awareness among socioeconomic groups related to the benefits of proper waste management and stringent regulations enforced by governments of the countries in Asia Pacific with respect to appropriate disposal of medical waste byproducts and residues.
Key Players:
• Medasend Biomedical, Inc.
• Bondtech Corporation
• Sharps Compliance, Inc.
• Veolia
• Clean Harbors, Inc.
• Daniels Sharpsmart, Inc.
• Stericycle
• REMONDIS SE & Co. KG
• Republic Services, Inc.
• Waste Management, Inc.
In 2018, the treatment and disposal segment held the largest market share of 40.7% of the medical waste management market, by service type. The consumables segment is also expected to dominate its market share in 2027 as treatment and disposal are one of the most crucial steps conducted for discarding hospital generated waste. On the other hand, recycling segment is anticipated to witness the fastest growth rate of 6.6% during the forecast period, 2019 to 2027 owing to the majority of the companies working towards developing eco-friendly solutions that includes recycling of medical wastes.
MEDICAL WASTE MANAGEMENT MARKET – MARKET SEGMENTATION
Global Medical Waste Management Market – By Service Type
Collection
Transportation & Storage
Treatment & Disposal
Recycling
Global Medical Waste Management Market – By Treatment Type
Incineration
Autoclaving
Chemical Treatment
Others
Global Medical Waste Management Market – By Treatment Site
Onsite
Offisite
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Strategic Insights
Product launches, agreements, and acquisitions were observed as the most adopted strategy in the global medical waste management market industry. For instance, in April 2016, Sharps Compliance Corp. launched the TakeAway Recycle System designed for the safe collection, return transportation and recycling of single-use medical devices. Moreover, in July 2016, Sharps Compliance Corp. acquired Citiwaste, LLC to expand it is northeast route-based business operations.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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