Market Research Future published a Half Cooked research report on “Global Medical Waste Management Equipment Market Research Report – Forecast till 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
The market for medical waste management is growing at a rapid due to rapid growth of research firm and institutions in life science, biotechnology and chemical sectors and is expected to continue its growth in coming future. Increasing number of initiatives taken by government and non-government organizations for the appropriate disposal of medical waste management.
There are various factors and opportunities which help the medical waste management devices market to grow such as growth of hospitals, research firms etc. but there are some factors which are against the market and hampering the growth and development of the industry such as government ban on chemical factories and others, and high cost of the products.
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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.
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. offers various waste management services for biohazardous waste, pharmaceutical waste, controlled substance waste, industrial hazardous waste, household hazardous waste and others.
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Global Medical Waste Management Equipment Market – Regional Analysis
The market of medical waste management equipment is much higher in the Americas region. In Americas, North America commands the largest market share of global medical waste management equipment market owing to the rising importance of waste management in hospitals and other healthcare institutes. In North America, U.S. is the largest market owing to the concentration major market players in the U.S. and availability of technologically advanced medical devices. Canada is the second largest market in North American owing to increasing demand for healthcare waste management services and increasing use of waste processing and disposal systems by hospitals. Europe is the second largest market whose growth is attributed to an increase in the number of tertiary healthcare providers in the market and rising emphasis on management of hazardous waste. Germany, France and U.K are the major contributors in the market owing to the increase in the number of key players offering waste management services. Asia Pacific expected to be the fastest growing region in the market owing to an increase in the demand for waste management devices and increasing demand for technologically advanced healthcare waste management systems. Furthermore, emphasis on preventive of hospital acquired infection and measures to control it also fuels the market growth. Additionally, increasing healthcare expenditure and overall development of healthcare industry in China, India and other Asian countries also fuel the market growth. Middle East and Africa exhibit steady but positive growth in the market owing to the lack of healthcare infrastructure and demand for healthcare services in Africa.
MedPro Medical Waste Disposal (U.S.), Clean Harbors (U.S.), Waste Management Inc. (U.S.), Republic Services Inc. (U.S.), and Stericycle Inc. (U.S.) are some of the leading players at the cutting edge of the competition in the market of Medical Waste Management Equipment, globally.
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