Global Medical Waste Management Market is poised to observe a growth rate of 5-6% by 2027
Increasing quantity of medical waste produced across the world, increasing
utilization of single-use devices, increasing number of surgical operations,
and strict regulations for medical waste management are some of the key factors
driving the global medical waste management market. However, the absence of
uniform guidelines for the treatment of medical waste and the lack of awareness
regarding medical waste management in developing countries are some of the key
factors that might impede the growth of the market.
Medical waste disposal refers to the particular 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
of by various disposal methods such as incineration, autoclaving, chemical
treatment, etc. The two types of waste are classified as
a)
Hazardous Waste: Hazardous waste has properties that can have a negative impacts on
human health or the environment. It is originates from infectious, pathological
(tissue), sharp, chemical, pharmaceutical, cytotoxic (mutagenic, teratogenic or
carcinogenic substances) or radioactive sources.
b)
Non-hazardous Waste: Non-hazardous waste does not pose risks to people or the environment,
and regulations governing the disposal of non-hazardous waste are comparatively less strict. Examples of non-hazardous medical waste include plastic
packaging, clean glass and plastic, paper and cardboard, and office products. It
contributes to about 85% of all medical waste, and ~15% is hazardous
The WHO data shows that affluent nations produce 0.5kg of hazardous
medical waste for each bed occupied in an hospital, in developing economies this
is closer to 0.2kg. However, estimates are harder to come to as hazardous and
non-hazardous waste are usually mixed up making the volume much higher. Proper
waste disposal is required to decrease environmental risks, protect healthcare
staff and prevent contamination.
Growing 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
expectancies rise, sickness rises as well, leading to an increase in medical
waste. Other growth factors include:
·
Increasing utilization of
disposables – Hospitals are increasingly using disposables – regular items such
as catheters and scalpels are disposed of as opposed to autoclaving or UV
treating them
·
Prions (pathogens resistant
to sterilization by autoclaving or UV) have the highest level of resistance to
disinfection/sterilization. Reusable medical gadgets are more vulnerable to prions
contamination. Additional concerns surrounding the rise of antibiotic-resistant
bacteria are also driving the move to using disposables
·
An increasing use of a variety
of radionuclides in medicine and medical research has fueled the volume of biomedical radioactive waste
·
Another Critical driver for
the increase in hazardous waste is due to inadequate waste management in
developing economies. Improper disposal mixes hazardous trash with normal
waste, making the general waste dangerous. This increases the overall volume of
waste that must be disposed of by incineration.
· Empowered by Covid-19 Pandemic Legislative Focus on the Proper Disposal of Medical Waste 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. During Covid-19, in the
Hubei Province, China observed a medical waste generation rate of 0.5kg/bed/day
in several hospitals, which in turn led to investments in increasing capacity
and emergency solutions to waste disposal.
The Emphasis on the safe processing of waste has resulted in legislation
surrounding the safe disposal of waste from governments worldwide, requiring
effective disposal. The most often used methods are incineration, autoclaving,
chemical disinfection, and
microwave
treatment.
Instances of the growing emphasis on the effective disposal of medical
waste include:
·
Healthcare
waste management was one of the biggest issues that started due to the
response to the Covid-19 pandemic. So 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). Autoclaves are crucial for proper
waste management and are primarily used
to sterilize infectious waste before it is disposed of in designated landfills.
Through the donation of the autoclaves, the Ministry of Health and Wellness in
Belize improved the hospital’s capacity for infection prevention and control
with a focus on medical waste management
North
America Holds the largest Market Share While China is Growing Rapidly as Companies Aim to
Adhere to Chinese Regulations
The
United States of America (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. The
EPA (Environmental Protection Agency) issued regulations surrounding emissions
produced by medical waste incineration, and other methods of disposal such as
microwave, chemical and electropyrolysis disposal are more commonly used –
driving demand for these services.
As
China and India continue to improve the implementation of their medical waste
disposal policy the medical waste disposal market is expected to see significant
growth.
Competitive
Landscape Analysis : Global Medical Waste
Management Market
Some of the major players operating in the Global Medical Waste
Management 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.
The market is moderately fragmented, with some larger players holding substantial
market share, particularly in developed economies.
Explore Detailed
Insights on the Global Medical Waste
Management Market @ https://meditechinsights.com/medical-waste-management-market/
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