Medical Waste Management Equipment Market Overview
Activities related to disposing of the waste products from hospitals and running the procedure to make them non-toxic are called medical waste management. Equipment useful for this is called medical waste management equipment. A new research on the global Medical Waste Management Equipment Market Report, published by Market Research Future (MRFR), marks that this market could witness growth between 2016 and 2022.
The largest market driver for the global medical waste management equipment market growth is the increasing number of hospitals facilities. Research in the field of chemicals, pharmaceutical, and life sciences is also creating a large market for medical waste management. Wastes that cause dioxin pollution and mercury pollution are hazardous to the environment, and their disposal is among top priorities for reducing pollution. For environmental safety, the treatment and proper disposal of medical waste have been made compulsory by the government of many countries. Medical waste management is also necessary for keeping the hospital premises clean as dirty surroundings can cause patients as well as medical staff to suffer from new diseases. The growing chemical industry is also driving the market for medical waste management and thus, the requirement for the medical waste management equipment.
Medical Waste Management Equipment Market Segmentation
The global medical waste management equipment market segmentation encompasses types of waste, type of product, method of treatment, and site of treatment. MRFR’s take on the market surveys various facets of the market in-depth.
By types of waste, this market has been segmented into infectious waste, non-infectious/hazardous waste, medical disposables, and radioactive waste. Based on the method of treatment, the market has been segmented into the disposal, mechanical/chemical disinfection, irradiation, recycling, and others.
Regarding the type of product, the market has been segmented into the autoclave, microwave, sterilization equipment, and others. Autoclave segment holds the largest market share.
In the context of the site of treatment, the market has been segmented into onsite and off-site. Onsite treatment is when the garbage is treated where it has been found. Off-site treatment is about garbage being collected and being taken for treatment.
Medical Waste Management Equipment Market Regional Segmentation
A geographical outlining of the global medical waste management equipment market covers North America, Europe, Asia Pacific, and the Middle East & Africa (MEA).
In North America, the USA can hold the top spot due to steady growth prospects of the medical research sector here (and the whole of North America in general). Other factors push the market growth in North America include consistent growth of the healthcare sector, steady increase in the number of hospitals, government-supported medical waste management initiatives, and lastly, importance of protecting citizens and biosphere from the adverse effects of medical waste.
During the forecast period, Europe can remain a leading regional market due to the strong support given by governments in European countries to the initiatives to make medical waste nontoxic and harmless to the environment. The strongest economies in this region that can become strong markets are France, Germany, and the UK.
During the forecast period, the Asia Pacific is likely to become the fastest-growing regional market due to the rapid growth of the healthcare sector in developing countries like China, Indonesia, India, Japan, Malaysia, Philippines, South Korea, and Taiwan. The growing number of hospitals in these countries can drive market in the Asia Pacific region.
In the MEA region, the market is limited due to limited availability of medical facilities, lack of awareness, lack of sanitation as well as hygiene.
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Medical Waste Management Equipment Market Key Players
Big players in the global medical waste management equipment market include Clean Harbors (USA), MedPro Medical Waste Disposal (USA), Republic Services Inc. (USA), Stericycle Inc. (USA), and Waste Management Inc. (USA).
The growing scrutiny of open dumping and improvements in disinfection measures are also expected to result in significant growth for the market during the forecast period.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=2268Medical Waste Challenge to Rise Significantly Amidst Rise of Chronic IllnessesSeveral chronic diseases including COPD, heart disease, and diabetes are on the rise.
These illnesses can require long hospital stays and apart from challenge on the healthcare front, also increase liabilities and waste management inefficiencies considerably for hospitals.
Additionally, the rising elderly population is expected to make challenges worse in the near future, as more than 50% of aging population lives with three or four illnesses simultaneously.
The rising aging population, inefficiencies in waste management, and changes in lifestyle driving growth of illnesses like diabetes are expected to drive up potential growth in the medical waste management market significantly during 2017-2025.Request COVID Analysis on Medical Waste Management Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=2268New Research Sheds Light on Growing Challenges in HospitalsAccording to JAMA, or the Journal of American Medical Association, medical waste is the biggest challenge in healthcare today.
The use of medication promises biggest opportunities as prescription amount to nearly $858 billion, which is more than double of next 19 countries on the list combined.
For example, waste water management continues to cost the US government billions.
