Surgical Waste Management Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Surgical Waste Management Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Surgical Waste Management Market: Snapshot

The global market for surgical waste management is gaining significantly from the technological advancements in surgical waste management devices in terms of technology. The increasing focus toward refurbishing the traditional surgical waste management devices with robot-assisted technology, thanks to the increasing trend of automation, is propelling this market, considerably. The technological advancements have augmented the efficacy and safety of devices, avoiding cross-contamination, which has transformed the waste management process to an automated process from a manual process. These technological advancements in surgical waste management devices are projected to propel the growth of the global market for surgical waste management in the years to come.

On the basis of the geography, North America has been leading this market and is anticipated to remain on the top over the next few years. The annual increase in the number of surgeries, owing to various factors such as the geriatric population, sports-related injuries, lifestyle changes, and accidents, is the main factor behind the growth of the North America market for surgical waste management. Also, various government organizations, such as the EPA, the CDC, and the OSHA are striving to increase the awareness about the need for surgical waste management, creating a positive impact, and encouraging a number of hospitals and ambulatory surgical centers to purchase waste management devices or avail the services of the vendors of surgical waste management solutions. This, in turn, is expected to boost the growth of the global market for surgical waste management over the next few years.

Global Surgical Waste Management Market: Overview

Waste disposal is a core issue in today’s industries, due to the increasingly negative impact that unsafe disposal creates on the environment and the overall quality of life. This applies especially to medical waste and surgical waste, where the latter can be responsible for the spread of diseases. Callous disposal of medical waste has also known to be responsible for the spreading of superbug infections as well as nosocomial infections, both of which are creating a high level of pressure on the healthcare industry in terms of treatment developments and options. As a result, the players in the global surgical waste management market need to not only adhere to the regional regulations they are based in, but also focus on the appropriate disposal of surgical waste so as to negate the chances of the spread of infections and diseases.

Global Surgical Waste Management Market: Key Trends

The global surgical waste management market is likely to be a promising venture for most types of players, due to the increasing importance given to safe disposal of medical waste by key countries. The market is also currently being driven by the influx of a large number of technological advancements that are making it easier and safer to dispose surgical waste. More and more governments and regulatory authorities are pushing the global surgical waste management market through increasingly stringent regulations, creating a major space of improvement for all players in the market. The overall market is therefore leaning towards the improvement of services and the addition of new services, while scrapping the more conventional ones. Increasing volumes of data related to infections and cross-contamination precautionary measures are also allowing companies to help prevent the spread of diseases through better waste management methods.

Global Surgical Waste Management Market: Market Potential

The rise of healthcare infrastructure across the world and especially in emerging economies is expected to create a certain boost in the requirement for advanced and safe medical and surgical waste management services. There are a large number of prominent players in this market so far, an a lot more are popping up in emerging economies. Clean Harbors, one of the leading entities in the global surgical waste management market, is currently on expansion mode after setting up facilities in locations such as Colfax. Players are also generating a greater awareness regarding the proper and safe disposal of surgical waste by informing readers and clients of the hazards of bacteria growth in medical waste the probabilities of generating and spreading superbug infections.

Mergers and acquisitions are also a key part of expansion in the global surgical waste management market. Stryker Corp., for instance, recently announced the acquisition of Cactus LLC, in a bid to providing their customers a wider array of controlled medical and surgical waste management services.

Global Surgical Waste Management Market: Regional Outlook

Asia Pacific is expected to show a very strong rate of growth in its activities in the global surgical waste management market, thanks to its booming healthcare industry. As medical options expand in number and in regional outreach, countries in the Asia Pacific regions – especially Japan, China, and India – are poised to be the next big thing in the global surgical waste management market and provide both global players and regional ones ample opportunities of growth over the coming years. Meanwhile, most of the leading players in the global surgical waste management market are housed in North America and Europe, where extremely stringent regulatory norms regarding medical waste disposal are pushing healthcare organizations to avail premium surgical waste management services.

Global Surgical Waste Management Market: Competitive Analysis

The highly competitive landscape of the global surgical waste management market is expected to grow even more intense in competition over the coming years, thanks to the swift rate of growth in demand. Leading players in the global surgical waste management market, such as Republic Services, Clean Harbors, Daniels Sharpsmart, Sharps Compliance, and Stericycle are expected to run into stronger competition from other prominent players such as Complete Medical Waste, USA Hazmat, AP Medical, and WasteXpress Environmental.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?