Medical Waste Management Market Growth with Challenges, Standardization, Competitive Market Share and Top Players 2020 - PowerPoint PPT Presentation

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Medical Waste Management Market Growth with Challenges, Standardization, Competitive Market Share and Top Players 2020

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Title: Medical Waste Management Market Growth with Challenges, Standardization, Competitive Market Share and Top Players 2020


1
Global Medical Waste Management Market
  • Dynamics, Application Share, Growth, Vendor
    Competition, Trends and Forecast 2018-2025

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2
Medical Waste Management market Size, Share,
Growth Industry Trends Report 2019-2025
  • Healthcare is an important aspect of life but the
    procedures involved in maintaining it generates
    huge amount of waste called bio-medical waste.
    Proper disposal and management of this waste is
    very imperative as it can spread contaminated
    causing diseases carrying pathogens which can be
    something deadly or highly infectious or
    hazardous for healthcare workers and patients.
    Thus, waste management has taken a central place
    in the global health policies. This has given
    rise to the global medical waste management
    market to grow at a CAGR of xx in the forecast
    period of 2018 to 2025. In 2015, the medical
    waste management market was valued at USD xx Bn
    that will unfold its margin to USD xx Bn by the
    end of 2025.
  • prevalence and incidence of infectious and life
    style diseases, higher cost of healthcare,
    rapidly growing population and adoption of novel
    technologies to treat the diseases are the key
    elements causing extensive production of medical
    waste. In response, concerns are arising over
    employing eco-friendly and safe waste management
    and treatment process driving the growth of
    medical waste management industry. However, lack
    of training for proper disposal and awareness
    about health hazards coupled with insufficient
    funds have hampered the market growth.
  • Process of Managing the Medical Waste
  • Medical waste needs to be treated with care and
    caution, not like standard trash tossed into
    garbage containers. It is a step-by-step process.
  • Segregation This process reduces the volume of
    waste and toxicity, making it easier for waste
    transportation. The segregation process has three
    important parameters, composition, quantity and
    the disposal.

3
Medical Waste Management market Size, Share,
Growth Industry Trends Report 2019-2025
  • Separating The medical waste collected from
    different medical centers, infectious,
    pathological sharps and waste needs to be
    deposited in allocated and labeled containers for
    different type of wastes. Size of containers is
    proportional to the volume of waste generated at
    a center.
  • Packaging and labeling The next step involves
    packaging this medical waste in uniform color
    code and then label the waste.
  • Common storage Collect the medical waste from
    the common storage point and segregate it.
  • Transportation Transport the medical waste
    collected from common storage point to the common
    Bio-Medical waste treatment facility storage
    point.
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/medical-waste-management-market

4
Medical Waste Management market Size, Share,
Growth Industry Trends Report 2019-2025
  • Treatment Process of incineration is
    implemented, includes destruction of waste by
    burning it as high temperature. First the removal
    of toxicity is achieved, value of waste decreases
    and converts to ash. Incineration process gives
    best results for destruction of pathological and
    sharp wastes. Another important step is
    autoclaving process, facilitating in killing
    infectious material and bacteria in the
    biomedical waste, it is noninfectious and go for
    landfill. To destroy waste such as vials, glass,
    plastics, syringes, blades, scalpels etc.,
    shredding machine is used as it cuts waste into
    small pieces. This results in unrecognizable
    waste which is safe for disposal recycling and
    landfill.
  • Countries Initiatives for Medical Waste
    Management
  • Almost every country around the world is taking
    efforts towards proper disposal of medical waste
    which is propelling medical waste management
    market size. Increased use of disposal items has
    become one of the major concern for developed
    countries. On the other hand, developing
    countries encounter the problem of disposing
    medical waste and its categorization in the
    sanitary arena.
  • United States healthcare facilities discard more
    than tons of waste, making it third largest
    source of medical waste in the world. Developing
    countries major issue is that domestic garbage
    dumped in open spaces where rag pickers search
    for reusable scrap and instead comes in contact
    with toxic materials and stand the risk of
    suffering from hazardous disease.
  • In sub-Saharan Africa, cases of burnt-out waste
    and incinerators are highly faced which led to
    innumerable of health issues. Developed countries
    are shipping medical waste to the developing
    countries to get freed of the menace.

5
Medical Waste Management market Size, Share,
Growth Industry Trends Report 2019-2025
  • Contribution from Major Key Players for Improving
    Medical Waste Management
  • Key players operating the global medical waste
    management market includes INC., Stericycle,
    Waste Management, Inc., CLEAN HARBORS, Sharps
    Compliance, Inc., Republic Services, Inc.,
    Veolia, BioMedical Waste Solutions, LLC., Daniels
    Health, US Ecology, Inc. and BWS Incorporated.
    These companies are expanding their services by
    applying strategies and new service introduction
    like mail back system which results in
    augmentation of medical waste management market
    share. Sharps Compliance, Inc. in 2016 has
    received approval for its new facility which
    includes transfer station for pharmaceutical
    waste and medical waste treatment.
  • (Nature of Waste - Non-hazardous Waste and
    Hazardous Waste Waste Type - Sharps, Infectious
    and Pathological Waste, Radioactive Waste,
    Pharmaceutical Waste, and Non-infectious Waste
    Waste Generator Type Large Quantity Waste
    Generators (Hospitals and Pharmaceutical
    Biotechnology Companies), Mid Small Quantity
    Waste Generators (Clinics and Physicians
    Offices, Retail Pharmacy, Ambulatory Surgical
    Centers and Long Term Care Centers, Laboratories,
    Academic and Research Institutes, Blood Banks,
    Others - Veterinary, Mortuary and Autopsy
    Centers, Home Healthcare, Military and
    Government, Nursing Homes, Tattoo Parlour)
    Service Type - On-site Services and Off-Site
    Services)

6
Medical Waste Management market Size, Share,
Growth Industry Trends Report 2019-2025
  • Regional Overview, 2018-2028 (USD Billion)
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • Purchase a single user copy of the global Medical
    Waste Management Market report_at_
    https//www.adroitmarketresearch.com/researchrepor
    t/purchase/92

7
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
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    many more.
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