Medical Waste Management: A US Strategic Business Report
San Jose, CA (PRWEB) July 25, 2007
Waste generated by healthcare centers is increasingly becoming the topic of debate among lawmakers, citizen's groups, and social groups in the US. The waste generated is classified into two categories, namely General Waste and Regulated Medical Waste (RMW) or Clinical Waste. General waste, which constitutes more than 80% of healthcare waste is comparable to domestic waste, and can be disposed off as municipal solid waste. Regulated Medical Waste (RMW), which constitutes about 20% of healthcare waste, includes waste that is harmful or has the potential to be harmful to human beings and requires separate disposal. Disposal includes burning/incinerating or treatment before being sent to landfills, depending on the regulations prevalent in respective states. Some states in the US require compulsory incineration of certain types of medical waste such as amputated human parts or parts from autopsy, and laboratory cultures among others.
Owing to rising awareness regarding negative effects of incinerating medical waste, new environment friendly technologies are developed in the medical waste management market. Major alternatives to incineration include autoclaving and microwave sterilization. Even though alternatives to incineration are purported to be environment friendly, these technologies are beset with negative or perceived negative traits that hinder their progress to becoming the preferred standard for medical waste disposal. Healthcare facilities are also looking to reduce waste disposal costs through reduction in volume of RMW generated.
Management & disposal services market constitute the largest segment in the global medical waste management market and is projected to account for sales of about US$1.7 billion by 2008, as stated by Global Industry Analysts, Inc. The liquid waste management market is in its infancy and is experiencing an exciting phase of market development and growth. The market is essentially categorized into collection devices and encapsulation & spill kit products. In terms of growth rate, liquid medical waste management market represents the fastest growing segment, and is forecast to maintain a CAGR of about 13.9% over the ten-year analysis period.
The report titled "Medical Waste Management: A US Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of market trends, various growth drivers and growth inhibitors, product overview, product introductions/innovations, and recent industry activity. The study provides a topical perspective of other markets including Canada, Europe, Asia-Pacific and Rest of World. The study analyzes market data and analytics in value sales for United States by the following product segments - Management & Disposal Services, Collection Equipment, Liquid Medical Waste Management, and Treatment & Processing Supplies.
Key players dominating the US medical waste management market include 3CI Complete Compliance, Aduromed Corporation, Bondtech Corporation, Commodore Medical Services, EnviroClean Management Services, Gamma Waste Systems, Hawaii Bio-Waste Systems, Mark-Costello Company, MCM Environmental Technologies, San-I-Pak Pacific, Stericycle, and WR2. Other major players focused include Bioservices Group (Canada), Hydroclave Systems (Canada) and Sterile Technologies Group (Ireland).
For more details about this research report, please visit http://www.strategyr.com/MCP-1611.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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