Press release
Pharmaceutical Waste Management Market to expand at a CAGR of 5.4% by 2026 | TMR
Global Pharmaceutical Waste Management Market - SnapshotThe global pharmaceutical waste management market is driven by increase in the geriatric population in developing economies, growth of the pharmaceutical industry, and rise in government initiatives for safe disposal of unused medications and waste generated by pharmaceutical industry and health care organizations. According to the Environmental Protection Agency (EPA), the U.S. is the leading producer of medical waste in the world.
Increase in awareness about safe disposal of pharmaceuticals and environmental conservation, and rapidly increasing patient population are likely to fuel the global pharmaceutical waste management market from 2018 to 2026. Surge in government initiatives, increase in strategic collaborations along with mergers and acquisitions, and rise in health care infrastructure are expected to drive the global market. However, high cost of disposal of pharmaceutical waste and lack of awareness are the major factors restraining the global pharmaceutical waste management market.
Request Sample Of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=50181
The global pharmaceutical waste management market has been segmented based on nature of waste, type of waste, waste generator, and region. In terms of nature of waste, the global market has been bifurcated into hazardous waste and non-hazardous waste. The non-hazardous waste segment is likely to account for major share of the market by the end of the forecast period. Increase in research and development activity in the pharmaceutical industry, development of new products, and rise in mergers & acquisitions are expected to drive the segment during the forecast period. Based on type of waste, the global pharmaceutical waste management market has been classified into over the counter waste, non-controlled prescription drugs, controlled drugs, and hazardous drugs. Based on waste generator, the global market has been categorized into hospitals, pharmaceutical & biotechnology companies, clinics & physician offices, pharmacies, and others. In terms of region, the global pharmaceutical waste management market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
pharmaceutical-waste-management-market.jpg
Based on nature of waste, the non-hazardous waste segment dominated the global pharmaceutical waste market. Increase in government awareness programs for safe and efficient pharmaceutical waste disposal in developing economies is expected to propel the segment during the forecast period.
Request the Coronavirus Impact Analysis on this Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=50181
In terms of type of waste, the non-controlled prescription drugs segment dominated the global pharmaceutical waste management market. Increase in usage of prescription medication for treating high blood pressure, diabetes, and bacterial infections is expected to drive the non-controlled prescription drugs segment during the forecast period. Based on waste generator, the hospitals segment is expected to account for major market share during the forecast period, as all unused medications are disposed through hospitals and community pharmacies in most of the developed economies.
North America accounted for 39.0% share of the global market in 2017. Rise in prevalence of chronic diseases, surge in health care expenditure, growth of the pharmaceutical industry, rise in mergers & acquisitions, and implementation of pharmaceutical waste disposal regulations in the region are anticipated to drive the pharmaceutical waste management market during the forecast period. Presence of emerging economies such as China and India, growing pharmaceutical industry, and rapidly increasing geriatric population are anticipated to drive the pharmaceutical waste management market in Asia Pacific during the forecast period. Latin America and Middle East & Africa are expected to grow at sluggish pace during the forecast period due to lack of availability of expertise for safe disposal of pharmaceutical waste. Growth of the health care industry, increase in the number of pharmaceutical companies, and stringent regulations regarding disposal of pharmaceutical waste are expected to fuel the growth of the market in these regions during the forecast period.
Major players operating in the global pharmaceutical waste management market include Stericycle, Waste Management, Inc., BioMedical Waste Solution, LLC, Daniels Health, Stryker, Covanta Holding Corporation, and Cardinal Health. Increase in mergers & acquisition, new product development, and strategic collaboration between major companies and governing authorities are expected to drive the global pharmaceutical waste management market during the forecast period. For instance, in December 2017, Becton, Dickinson and Company introduced BD HealthSight, a medication management platform to reduce waste and increase efficiency.
More Trending Reports by Transparency Market Research - https://www.biospace.com/article/varicose-vein-treatment-market-availability-of-innovative-therapies-triggers-growth-for-market/
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pharmaceutical Waste Management Market to expand at a CAGR of 5.4% by 2026 | TMR here
News-ID: 2064842 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Increase
Increase Rank Increase Sales Increase ROI With E-Commerce SEO Services
Setting up an eCommerce business is a big task and getting traffic towards your eCommerce store is yet another huge work. But you have to work upon getting more and more traffic towards your online store only then will you get orders for your business. For this you require quintessential SEO services that can be your partner and steer you in right direction through its on page scrutiny and removing…
Increase in Geriatric Population will Likely Increase the Demand for Combination …
Combination drug also referred to as fixed dose combination (FDC), is a formulation which includes two or more active pharmaceutical ingredients (APIs). The dosage is distributed in certain fixed doses. Initially, fixed dose combination products were produced for targeting single diseases for example antiretroviral combination drugs were manufactured for targeting AIDS. However, with the advancements, in research and development activities currently combination drugs are being manufactured for targeting multiple disease…
Accu Holding AG: Ordinary Capital increase and further capital measures to incre …
Ordinary Capital increase and further capital measures to increase shareholder's equity by more than CHF 10 million
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
NOT FOR DISTRIBUTION IN THE UNITED STATES, UNITED KINGDOM OR THE EUROPEAN ECONOMIC AREA
• Exercise of subscription rights within the expected range
• Strengthening of the balance sheet through conversion of debt of CHF 5'379'953 into new…
Pigs‘ Toys Increase Animal Wellbeing
Less Injuries in Pig Houses
In cooperation with Kassel University, WEDA Dammann & Westerkamp, specialists for pig house equipment from Lutten, have developed a new kind of manipulable material for piglets and fattening pigs. By means of the rooting cones and pushing balls of bite-resistant and food-safe polyurethane, mounted to floor and brackets, the animals can act out their natural play instinct and can permanently busy themselves while standing up, sitting,…
Increase in the ‘Staycation’
The new ‘buzz’ word ‘staycation’ as it is known, has become increasingly popular, with the cost of family holidays abroad on the increase, and the value of the pound weaker, families are choosing to holiday in the UK. Camping and caravanning in the UK is at the top of the list for a brilliant ‘staycation’.
As the cut-backs start to take effect and everyone is feeling the pinch in their…
PROPOSAL CAPITAL INCREASE
The Board of Directors of EXMAR has decided to propose to the shareholders to proceed with a capital increase of EUR 100 million. Saverex NV, the reference shareholder of EXMAR, will participate in the capital increase with an amount of EUR 50 million. Sofina SA will also participate in the transaction in accordance with its current shareholding in the company (approx. 1.3%). Sofina SA has confirmed a further support to…
