Medical Waste Tracking Market 2028 By Site, Type of Waste, Treatment, Service Type, and Geography | The Insight Partners

MARKET OVERVIEW

New medical waste management systems have evolved and been used as a result of regulatory agencies enacting new regulations and emission standards. Incineration has been the most popular method of medical waste disposal. Government agencies such as the FDA, EPA, and DEA are continually working to ensure that hazardous medical waste is properly managed in order to guarantee public safety. In addition, NGOs and community-based organisations (CBOs) such as Intervol are actively collecting, recycling, and disposing of medical waste.

MARKET SCOPE

The "Global Medical Waste Tracking Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical waste tracking market with detailed market segmentation by site, type of waste, treatment, service type, and geography. The report provides key statistics on the market status of the leading medical waste tracking market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on site, the market is bifurcated into onsite treatment, and offsite treatment
  
•   Based on type of waste, the market is bifurcated into hazardous medical waste, and non-hazardous medical waste
  
•   Based on treatment, the market is bifurcated into autoclaving, incineration, other treatments
  
•   Based on service type, the market is bifurcated into collection, transportation and storage, disposal, recycling, and other services
  

MARKET DYNAMICS

Drivers:

•   Growing Geriatric and Obese Populations
  
•   Increasing Volume of Healthcare Waste
  

Restraints

•   High Capital Investments
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical waste tracking market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical waste tracking market in these regions.

IMPACT OF COVID-19 ON MEDICAL WASTE TRACKING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the medical waste tracking market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical waste tracking market are anticipated to lucrative growth opportunities in the future with the rising demand for medical waste tracking in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical waste tracking market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BWS Incorporated
  
•   Sharps Compliance, Inc.
  
•   CLEAN HARBORS, INC.
  
•   BioMedical Waste Solutions, LLC
  
•   EcoMed Services
  
•   GIC Medical Disposal
  
•   Veolia
  
•   Sanpro Medical Waste Disposal
  
•   Casella Waste Systems, Inc.
  
•   Daniels Health
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.