Report ID :10151861 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
"Pharmaceutical waste generally refers to unused or expired prescription pharmaceutical products. The growing number of patients worldwide is driving the growth of the pharmaceutical waste management market. The increase in the amount of waste, coupled with more and more measures taken by the government to properly dispose of drugs, is driving the development of the pharmaceutical waste management market. Some federal agencies maintain laws regarding medical waste. These include the Occupational Safety and Health Administration (OSHA), the Centers for Disease Control (CDC), the U.S. Food and Drug Administration (FDA), and the Drug Enforcement Administration (DEA).
The increasing awareness and initiative of governments and private organizations to cooperate with hospitals has driven the demand for this research market. However, the high costs associated with the disposal of pharmaceutical waste and the unwillingness to adopt new technologies are expected to slow the growth of the global market during the forecast period .According to the scope of the report, medical waste refers to waste containing drugs that are out of date, unused, contaminated, damaged, or no longer needed.
Major market trends :
The hospital sector is expected to dominate the market based on waste generators, and the market is segmented into hospitals. , Clinics, pharmacies and others. The hospital sector is expected to dominate the market. In most developed economies, the increase in the number of hospitals and the increase in hospital drug waste has led to high growth due to the increasing patient population base and large amounts of unused drugs and other drug waste being processed in the medical facility. Therefore, it is particularly important to solve and control the medical waste management of these end users.
Competitive landscape:
The major players in the global pharmaceutical waste management market are: BioMedical Waste Solution, Clean Harbors, Inc., Covanta Holding Corporation, Sharps Compliance, Inc., Stericycle, Suez SA, US Ecology, Inc. and waste management companies. .
Major Players
BioMedical Waste Solutions, LLC
Clean Harbors, Inc.
Sharps Compliance, Inc.
US Ecology, Inc.
Waste Management, Inc."
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