Market Research Future (MRFR) Research Report predicts that the Global Medical Waste Management Equipment Market is a rapidly expanding market and is projected to reach high growth figures at a striking rate during the forecast period (2017-2022).
Pune, India -- (SBWIRE) -- 08/15/2018 -- Increasing growth in research and hospital sector has led to the impressive growth streak in Medical Waste Management Equipment Market. Growing number of hospitals facilities and research, in the field of pharmaceutical, chemicals and life sciences has led to massive demand for the equipment. The need for medical waste treatment owing to its hazardous nature has quadrupled in recent years. Treatment of this medical waste has been made compulsory by various governments across the world for environmental safety.
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However, the downside to the market is the high cost of the machines required for medical waste management poses a threat to the market growth. However, the presence of established market players who indulge in strategic activities along with technological innovations helps the market grow in size. For instance, Bertin Medical Waste is one such company that offers new generation medical waste disposal equipment for efficient and independent treatment of medical waste.
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)
Stericycle Inc. (US)
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.
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 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.
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.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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