Medical Waste Management Market - Size, Share, Growth, Outlook, and Opportunity Analysis, 2018-2026


Posted October 15, 2018 by sumitpatil

The report on Medical Waste Management Market says Proper medical waste management in developed and emerging economies is expected to fuel growth of the market.

 
Healthcare activities generates a lot of waste, especially from the frequently used consumables, which are harmful for in-patients and healthy population. Medical waste includes waste generated within research centers and health-care facilities for example, sharps waste, infectious waste, pathological waste, pharmaceutical waste, chemical waste, and radioactive waste. The waste product that are generated by the healthcare activities have higher potential to spread infection and injuries. Inadequate or incorrect handling of medical waste may cause serious public health issues such as HIV, tuberculosis, hepatitis, and other bacterial diseases and also have irreversible impact on the environment.

According to Journal of Hospital Infection, in 2013, around 20% of medical waste cause risks of trauma, infection, chemicals or radiation exposure. Effective medical waste management is crucial for environment and health protection. According to World Health Organization (WHO), in 2015, around 16 million syringes are administrated every year, among which only few are disposed properly, in turn creating risk of injuries and infection. Moreover, UNICEF and WHO collaborated in 2015, launched a global initiative to ensure that all healthcare facilities have proper and adequate water, hygiene, and sanitation services, which also include healthcare waste disposal management. Various strategies are adopted by national and international bodies on the development and implementation on education and training programs for medical staff and patients, emphasizing on proper medical waste management.

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Proper medical waste management in developed and emerging economies is expected to fuel growth of the medical waste management market

Government initiatives to support medical waste management is encouraging effective medical waste management. For instance, the Union Ministry of Environment, in 2017, issued a guideline for developing bar codes in the hospitals and clinics in compliance with Bio-medical Waste Managements, rule 2016. This aims to monitor the source of generation of medical waste and its proper disposal, which in turn is expected to control the hazardous effects caused by medical waste. This initiative by the government is expected to propel growth of the medical waste management market in the near future. Training given to the hospital staff to separate and dispose waste properly is critical for the success of such programs or initiatives. Developed regions such as North America and Europe are adopting proper medical waste management. For instance, many hospitals in U.S. have started recycling the single-use products, which are sold back to the hospitals at fraction of the original cost.

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Medical Waste Management Market Taxonomy

By Services:
• Onsite
• Offsite
By Technique:
• Incineration
• Autoclaving
• Chemical treatment
• Others


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Issued By Coherent Market Insights
Country India
Categories Health
Tags medical waste management market , medical waste management market demand , medical waste management market forecast , medical waste management market outlook , medical waste management market shares , medical waste management market size , medical waste management market trends
Last Updated October 15, 2018