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According to the surgical waste management market insights, Technavio’s market research analyst predicts the global surgical waste management market to grow steadily at a CAGR of around 6% by 2021. One of the primary drivers for this market is the exponential growth of technological advancements in surgical waste management devices. There has been a growing focus toward revamping conventional surgical waste management equipment with automation and robot-assisted technology. Technological advancements have increased the efficiency and safety of devices, thereby preventing cross-contamination. This has transformed waste management from a manual process to an automated process. For instance, Celitron's Integrated Sterilizer is a cost-effective automated compact device that does not emit any harmful substances into the environment. It is equipped with automated lock integration, which does not allow unauthorized interruption during the process. These advancements in the surgical waste management devices are expected to propel the growth of the surgical waste management market value during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The market in the region is driven by the annual increase in the number of surgeries due to various factors such as aging population, lifestyle changes, sports-related injuries, and accidents. Also, government organizations such as the CDC, the EPA, and the OSHA strive to increase awareness about the importance of surgical waste management. This has created a positive impact, and many hospitals and ASCs are purchasing waste management equipment or availing the services of surgical waste management vendors. This, in turn, is expected to augment growth in the global surgical waste management market in the coming years.
The global surgical waste management market is highly fragmented, with the presence of Tier-1, Tier-2, and Tier-3 companies across the globe. Established players are enhancing the surgical waste management process through various value added services. Technological advancements and the use of automation is expected to intensify the market competition among vendors during the next four year.
Leading vendors in the market are –
Other prominent vendors in the surgical waste management market include Ali Traders Waste Management, AMB Ecosteryl, AP Medical, Artech Reduction Technologies, Bertin Technologies, Biomedical Transport Solutions, BONDTECH, BWS, Celitron, Complete Medical Waste, Converge Medical Solutions, ECODAS, Gient Heating Industry, Hazardous Waste Experts, Hydroclave Systems, Incinerator Consultants, Medasend Biomedical, Medassure Services, MedClean Management Solutions, Optimet Engineering - Environmental Technologies Industry Trade, Pacific Medical Specialities, Safety-Kleen, Sanitec, Secure Waste Disposal, Secured Med Waste, SNA Waste Systems, Mark-Costello, Tranbiz, USA Hazmat, VERTISA Medical Waste Technology, Walsh Integrated, Waste Spectrum Environmental, WasteXpress Environmental, and Zanetti Arturo & C.
During 2016, the incineration segment dominated the surgical waste management market and accounted for a major part of the overall market share. Incineration is a cost-effective and energy-efficient process that is being practiced from a long period of time. This factor plays a crucial role in the dominance of this segment in the global market.
In this market study, analysts have estimated the hospital's segment to dominate the surgical waste management market during the forecast period. Hospitals are the primary source that generate surgical waste in large volumes. Hospitals include multi-specialty hospitals and hospital groups that work under government sponsorships or as private entities. Also, these organizations procure in bulk to cater to a large number patients. This contributes to the growth of this segment in the surgical waste management market.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type of treatment
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Tags: healthcare and life sciences market forecast, healthcare and life sciences industrial growth, healthcare and life sciences market growth, waste management, hospital waste management, medical waste management, medical waste disposal, healthcare waste,
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