Medical Waste Management Market Outlook 2028

1. Medical Waste Management Market Outlook 2028 The globalmedical waste management market was valued at US$ 15.3 Bn in 2020 It is estimated to expand at a CAGR of 6.2% from 2021 to 2028 The global medical waste management marketis expected to reach the value of US$ 25.2 Bn by the end of 2028    Analysts’ Viewpoint on Medical Waste Management Market Scenario Since the coronavirus pandemic has rattled the world with high morbidity and mortality rates, companies in the medical waste management market are concentrating on efficient treatment of infectious & pathological waste. Even though non-incineration technologies such as non-ionization treatment help to reduce the emission of toxic gages into the environment, the adoption of more than one treatment method leads to increased economic burden on medical waste management service providers. Waste generators preferring on-site medical waste management for their own medical waste disposal facility find it costly to conduct off-site waste treatment. Hence, companies in the medical waste management market should gain cognizance about stringent government regulations about hazardous and non-hazardous waste management. Adherence to government standards will help companies to avoid penalties for non- compliance of guidelines. High Prevalence of Life-threatening Medical Conditions Steers Growth in America and Europe North America possesses lucrative revenue opportunities due to the ever-increasing geriatric & obese population and the surge in the volume of healthcare waste. North America is expected to dominate the global medical waste management market during the assessment period, attributed to rise in per capita healthcare spending and stringent regulations on medical waste management. Furthermore, high awareness among the population about the safety and risk concerns related to bio-hazards is fueling market growth. Europe was the second-largest market for medical waste management in 2020 due to rise in prevalence of lifestyle diseases such as diabetes and presence of a large number of pharmaceutical & biotechnology industries. This trend is anticipated to continue due to stringent regulations for the protection of environment, high blood pressure among individuals, and cancer among the population. Request https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2268 Sample: CDC Guidelines Help Simplify Procedures for COVID-19 Medical Waste Packaging

2. The coronavirus pandemic has heightened the importance of medical waste management. Companies in the medical waste management market are capitalizing on this opportunity to improve medical waste disposal processes at healthcare facilities. Medical waste management companies are following CDC (Centers for Disease Control and Prevention) guidelines related to the packaging of medical waste during the ongoing COVID-19 pandemic. These guidelines hold potentials to simplify procedures for COVID-19 medical waste packaging. Medical waste management companies are adopting Occupational Safety and Health Administration (OSHA) standards to dispose medical waste. OSHA has well-established procedures for dealing with medical waste hazards. Budget-strapped Challenged with High Capital Investment Medical Waste Management Companies The global medical waste management market has witnessed strong growth in the past few years. However, exorbitant cost of land for dumping the medical waste and high cost required to build the waste disposal facilities are inhibiting market growth. High cost of equipment utilized in the safe disposal of the waste and expensive waste collection vehicles are likely to hamper the growth of the global market over the next few years. The recycling and disposal process includes the emission of hazardous gases and compounds that are likely to harm the environment & ecosystem. Hence, the medical waste management facility should be away from residential areas or be very effective in managing all the toxic gases responsible for air pollution. Hence, medical waste management companies should increase R&D in non-incineration technologies such as steam autoclave treatment and non-ionization treatment to effectively manage the emission of dangerous gases. Companies in the medical waste management market should seek funding from government authorities to ease the burden of initial capital investment. Such collaborative and society development initiatives help to bolster credibility credentials of both the facility managers as well as the government. Enquiry https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=226 8 Before Buying: Companies Leverage Revenue Opportunities with Field Sales and Mail-back System Solutions

3. Since investment in collection vehicles and other medical waste management equipment is an important strategy to gain a competitive edge, companies in the medical waste management market are focusing on large-dollar and nationwide opportunities. Stakeholders are innovating in platforms where the route-based pickup service is integrated with mail-back system solutions to create a comprehensive medical waste management offering. Another approach is inside and online sales, which concentrates on individual or small groups such as government agencies, professional offices, small retail pharmacies & clinics, and assisted living or long term care facilities. Thus, identifying areas and localities with poor waste collection & disposal are fueling the demand for medical waste management, which lead to increased field sale of medical waste & satisfaction in people about proper hygiene & sanitization in localities as well as healthcare facilities. Underdeveloped and developed economies are the best fit for this business model in the medical waste management market. Medical Waste Management Market: Overview According to Transparency Market Research’s latest report on the global medical waste management market for the historical period 2017–2019 and forecast period 2021–2028, increase in volume of healthcare waste and surge in geriatric and obese populations are projected to boost the growth of the global market during the forecast period  Technological Advancements and New Methods of Waste Disposal: Key Driver Incineration technique employed for treatment, disposal, and management of medical waste has been one of the oldest and most widely adopted techniques in the U.S.  However, implementation of new policies and emission norms laid down by regulatory authorities have led to evolution and adoption of new techniques of medical waste management in the country  In order to achieve effective disposal of medical waste, several waste management companies are coming up with novel and advanced non-incineration management techniques such as steam autoclave treatment, chemical treatment, ozone treatment, pyrolysis, and electron beam technology  Recycling of medical waste is another emerging trend in the U.S., wherein techniques such as single-stream recycling and all-in-one mixed-waste processing have helped increase the rate of recycling and material recovery  New techniques and methods of waste disposal and management introduced in the U.S. are expected to gain regulatory approvals in the next few years. This is anticipated to drive the medical waste management market in the U.S. between 2021 and 2028. 

4. Request https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2268 Brochure: Shift in Focus Toward Small & Medium Quantity Waste Generators Presents Lucrative Opportunities Small- and medium-quantity waste generators comprise clinics & physician offices, dentists, long-term care & urgent care centers, ambulatory surgical centers, pharmacies, research institutes, blood banks, and others. These entities generate medical waste such as biomedical, hazardous, and pharmaceutical waste. Key players in the global medical waste management market are targeting this group by providing customized service plans specific to the need of the waste generating firm   For instance, Sharps Compliance, Inc., one of the leading players in the global medical waste management market, has started targeting this market by focusing on two areas: field sales, which focuses on larger-dollar and nationwide opportunities where the route based pickup service is integrated with mail-back system solutions to create a comprehensive medical waste management offering. The other approach is inside and online sales, which focuses on individual or small groups such as professional offices, government agencies, smaller retail pharmacies & clinics, and assisted living/ long-term care facilities.  Currently, there are around 800,000 physician offices in the U.S. The number of retail health care clinics in the country increased from 1,914 in 2014 to 2,800 in 2017, an increase of 47%.  These factors along with rise in patient preference for treatment in home care and long- term care facilities in the U.S. are expected to drive the small-quantity & medium-quantity waste generators segment compared to the large-quantity generators segment during the forecast period.  This presents new opportunities for market players to enter into long-term contracts with manufacturers of small- and medium-quantity waste generators in the global medical waste management market  High Initial Capital Investment and Environmental Safety Considerations The global medical waste management market has witnessed strong growth in the past few years. However, high initial investment to establish the business, for instance high cost required to build the facility, cost of land for dumping the waste, high cost specialized waste collection vehicles and equipment utilized in the safe disposal of the waste, is likely to hamper the growth of the global market over the next few years.  The disposal and recycling process includes the emission of dangerous gases and compounds that are likely to disturb the environment and ecosystem. Hence, the medical 

5. waste management facility should be away from residential areas or be very effective in managing all the toxic gases responsible for air pollution. Nevertheless, keeping all the drawbacks in consideration, various non-incineration technologies have been introduced in the past few years such as non-ionization treatment and steam autoclave treatment  However, adoption of more than one treatment method leads to increased economic burden on medical waste management service providers as well as waste generators preferring on-site medical waste management for their own medical waste disposal facility  Medical Waste Management Market: Competition Landscape This report profiles major players in the global medical waste management market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments  The global medical waste management market is highly fragmented, with the presence of a number of international as well as regional players  Leading players operating in the global medical waste management market are  oStericycle oRepublic Services Inc. oVeolia oUS Ecology Inc. oBioMedical Waste Solutions oLLC oClean Harbours Inc. oWaste Management Inc. oSharps Compliance Inc. oDaniels Health oBWS Incorporated oand Alba Services GmbH & Co. KG oamong others Medical Waste Management Market: Key Developments Key players in the global medical waste management market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global medical waste management market. A few expansion strategies adopted by players operating in the global medical waste management market are: 

6. BioMedical Waste Solutions adopted Occupational Safety and Health Administration (OSHA) standards to dispose medical waste. OSHA has well-established procedure for dealing with medical waste hazards.  Stericycle follows CDC guidelines based on packaging of medical waste during COVID- 19. These guidelines will help the company to simplify procedures for COVID 19 medical waste packaging.  The report on the global medical waste management market discusses individual strategies, followed by company profiles of manufacturers of medical waste management products. The competition landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global medical waste management market.  About Transparency Market Research Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End- Use that will favor growth in the market over the next 9 years. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ Contact Rohit Bhisey Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street,

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