The medical waste management market is projected to rise to a US$ 22 billion valuation by the end of 2025. The coronavirus pandemic will provide major impetus to demand for medical waste management services. The continuous rise in the number of coronavirus cases has resulted in use of larger amounts of testing and treatment equipment in addition to PPE. The resulting increase in waste quantities is creating disposal challenges for healthcare facilities and is providing growth opportunities for medical waste management market players.
"Growing demand for the use of environment-friendly and hygienic waste management practices is expected to provide growth opportunities in the years ahead. Further, the rapid expansion of the global healthcare sector will generate increasing amounts of medical waste, thereby boosting growth for the market in the post-pandemic era," says the FACT.MR report.
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Medical Waste Management Market- Key Takeaways
- Incineration waste disposable processes are expected to lose ground to thermal and chemical processing, over growing concerns of pollution from incinerators.
- Non-hazardous, hospital-based waste management will contribute significantly to revenue owing to changes in regulations and guidelines in handling and disposal standards.
- North America will hold substantial market share, owing to major investments into healthcare facilities and access to new technologies.
Medical Waste Management Market- Driving Factors
- The recent surge in modernization of healthcare sector, and associated government policies in emerging economies is providing major growth opportunities.
- Importance being given to the development of environment-friendly disposal processes such as recycling is contributing to market growth.
Medical Waste Management Market- Major Restraints
- Prohibitive costs of complex machinery and technology required for medical waste management restricts adoption.
- Lack of awareness about the risks of healthcare waste, coupled with poor training standards is hindering market growth.
COVID-19 Impact on Medical Waste Management Market
Major concerns over the safe handling and disposal of biomedical waste during the covid-19 pandemic, and stricter guidelines by health and environment government departments are generating greater need for medical waste management service providers. Major investments into waste disposal technologies and PPE, coupled with the sudden surge in the volume of medical waste during this period has put unprecedented pressure on hospitals and other healthcare facilities, resulting in the redirection of resources towards waste management infrastructure. Demand is likely to stay strong even after the end of the pandemic.
Explore the global Medical Waste Management market with 84 figures, 54 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/connectus/sample?flag=RM&rep_id=4804
Competitive Landscape
Veolia, Stericycle, Medical Waste Solutions, Waste Management Inc., US Ecology Inc., Sharps Compliance Inc., and Clean Harbors Inc. are some of the leading players participating in the medical waste management market.
Major players in the medical waste management market are seen investing resources into expansion of waste disposal capabilities to keep up with the sudden increase in medical waste volumes.
For example, Clean Harbors Inc. has announced the completion of its US$ 120 million expansion of its medical waste incinerator facilities in Arkansas to handle 160,000 tons annually. Cleanaway Waste Management is seeking regulatory approval to expand medical storage capabilities with operations in a warehouse in East Bendigo, Australia. Further, Stericycle is pushing to build a 50,000-feet medical waste incinerator facility in the Northern Nevada industrial center.
About the Report
This study offers readers a comprehensive market forecast of the medical waste management market. Global, regional and country-level analysis of the top industry trends impacting the medical waste management market is covered in this FACT.MR study. The report offers insights on the medical waste management market on the basis of nature of waste (non-hazardous and hazardous), waste type (sharps, infectious & pathological waste, radioactive waste, pharmaceutical waste, and non-infectious waste), waste generator type (large quantity and mid & small quantity) and service type (onsite and offsite waste management) across five regions (North America, Latin America, Europe, Asia Pacific, and MEA).
Press Release: https://www.factmr.com/media-release/1574/global-medical-waste-management-market
The global Biomedical management market is likely to gain momentum in the coming years and exhibit a CAGR of 5.1% says a recent report published by Fact.MR.
The imposition of lockdown by the governments of all nations worldwide resulted in huge losses for most businesses.
However, the healthcare sector gained promising revenues on account of the increasing number of patients, rising demand for safety kits, and growing panic and tension amongst the common man.
Several institutions have invested heavily and engaged in deep research and development so as to come up with an antidote to fight the novel coronavirus.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4804The report on the Medical Waste Management market elaborates the possibility of trading and investment and certain tricks up the sleeve for gaining a positive edge in the market during the forecast period.
Analysts at FactMR are offering digitalization tools for gathering information about the market and key trends or recent innovations that have helped boost the growth of the market.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Cutlery market.The novel Coronavirus (COVID-19) has caused a slowdown in business activities of the Cutlery Market.
With the help of our upcoming report, market players can gain important insights on alternative strategies that can help in revenue generation.
The leading factors that are likely to impact the growth of the Cutlery Market over the assessment period are thoroughly analyzed in the report.Request for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=5201To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.
The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
Earwax removal aids are the medical tools used to remove earwax caused due to excessive formation of cerumen.
The earwax removal aid includes micro-suction device, earwax removal irrigation kits, earwax removal drops, earwax removal loops, earwax removal syringes, and portable ear cleaning devices.
According to the Fact.MR report, retail sales, especially in developing regions, is projected to show remarkable growth, due to easy availability of over-the-counter earwax removal aids.Request Sample Report - https://www.factmr.com/connectus/sample?flag=S_id=4100The healthcare industry is consistently witnessing an uplift in the number of ENT surgeries every year, globally, due to rising prevalence of ENT-related disorder.
This is the major factor responsible for the growth of the earwax removal aid market.Adult Age Group Remains the Target Population for ManufacturersUse of earwax removal kits among adults are likely to grow in the coming years, as carelessness, and negligence of cerumen impaction symptoms along with high adoption of self-diagnosis treatment continue to increase the risk of infection, affecting the ear-health adversely.
This trend of the social media platform has upsurge the awareness, and in turn, increased the treatment-seeking population.Preview Analysis of Global Earwax Removal Aid Market research report Segmented By Product Type (Micro-Suction Device, Ear Wax Removal Irrigation Kits, Ear Wax Removal Drops, Ear Wax Removal Loops, Ear Wax Removal Syringes, Portable Ear Cleaning Devices), By Age Group (Pediatric, Adults, Geriatric), By Distribution Channel, & by Region - https://www.factmr.com/report/4100/earwax-removal-aid-marketProduct Sales through Online Platforms to Boost the Market GrowthSale of products through online platforms such as Amazon, Flipkart, eBay, and others are gaining momentum among manufacturers, and are expected to drive the demand for earwax removal aid devices.
Also, costs of the earwax removal aids are very economical and many generic products are available in the earwax removal aids market.
Fact.MR’s Report on Global Pea Fiber MarketPea fiber is a byproduct which is extracted from the seeds and pods of a pea plant.
Pea fiber comprises high levels of protein, and does not contain any cholesterol either.
Consequently pea fiber is expected to gain traction around the world.Its nutritive properties has made pea fiber an increasingly popular ingredient in a number of pharmaceutical and food products.
The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Prominent players covered in this research are Nutraonly (Xi'an) Nutritions Inc, G.S.
DUNN DRY MUSTARD MILLERS, Belle Pulses, Parrish & Heimbecker Limited, InterFiber, Quadra Chemicals, Cosucra, Vestkorn Milling AS, Farbest Brands, A Ingredients Inc., Puris Proteins, LLC, Emsland Group, Roquette Freres SA, AM Nutrition and Avena Foods, Limited.The pea fiber market report addresses the below-mentioned queries:Why are vendors shifting away from traditional methods of manufacturing pea fiber market?How does the global pea fiber market looks like in the next five years?Which end use industry is expected to surpass segment by the end of 2029?What innovative products are being introduced by the players in the global pea fiber market?Which regions are showing the fastest market growth?Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM_id=4312Pelletization and Backward Integration are Key StrategiesThe global market of pea fiber is largely consolidated in nature and a major share in terms of pea fiber is from major names such as Quadra Chemicals, Roquette Freres, Cosucra, Emsland Group, and Puris Proteins.Such major pea fiber producers are boosting their revenue through the use of new extraction and drying processes, with the aim of bolstering production capacities.
