Medical waste disposal refers to the specific type of waste generated by hospitals, physician’s offices, dental practices, mortuaries, nursing homes, blood banks, veterinary clinics, medical research facilities, and laboratories. The waste is disposed by several disposal methods such as incineration, autoclaving, chemical treatment, etc. The two types of waste are classified as
a) Hazardous Waste
b) Non-hazardous Waste
Rising Volume of Hazardous Medical Waste Drives the Global Medical Waste Management Market
Medical waste is rising as the population and healthcare usage rises, specifically in developing economies. As the world ages and overall life expectancy rises, sickness rises as well, leading to an increase in medical waste.
Covid-19 Pandemic has lead to Legislative Focus on the Proper Disposal of Medical Waste which is Projected to Continue to Drive the Global Medical Waste Management Market
Covid-19 outbreak has highlighted the importance of effective and safe medical waste management, placing plans for it higher on the agenda for governments. Waste generated due to Covid-19 in many countries exceeded the waste management capabilities available at the time.
Instances of the growing emphasis on the effective disposal of medical waste :
- To strengthen and safely manage the infectious waste, in July 2020, the European Union (EU) and the Pan American Health Organization/World Health Organization (PAHO/WHO) donated two medical waste autoclaves to the Ministry of Health and Wellness (MoHW) in Belize (North-eastern coast of Central America).
North America Dominates Market Share While China is Growing Rapidly as Companies Aim to Adhere to Chinese Regulations
The USA has a Highly-developed healthcare industry – there is also a strict set of regulatory guidelines that healthcare providers and waste disposal companies have to comply with. Government oversight for the management of medical waste involves multiple regulatory entities including the EPA, OSHA, and individual State Departments for Environmental Protection – driving demand for these services.
As China and India begin to improve the implementation of their medical waste disposal policy the medical waste disposal market is expected to see significant growth.
Competitive Landscape Analysis
Some of the major players operating in the Market are Biomedical Waste Solutions, Clean Harbors, Inc., Daniels Health Inc., EcoMed Services, Remondis Medison (A Subsidiary of Remondis Ag & Co.Kg), Republic Services, Inc., Stericycle, Inc., Suez Environmental Services, Veolia Environmental Services and Waste Management, Inc.
Explore Detailed Insights on the Global Medical Waste Management Market @ https://meditechinsights.com/medical-waste-management-market/
