ID: MRFR/Pharma/5086-HCR | October 2018 | Region: Global | 100 pages
With rapid development of the healthcare sector and pharmaceutical industry, the amount of waste generated on a daily basis is skyrocketing. This waste products generally consists of hazardous chemicals and non-biodegradable components. Hence, management of pharmaceutical waste has become a global necessity. Surge in government initiative for safe disposal of unused and expired medications and other pharmaceutical wastes is leading to the expansion of the pharmaceutical waste management market at a noteworthy growth rate in the forthcoming years. Rapidly increasing patient population and rise in awareness regarding adverse effect on environment caused due to pharmaceutical wastes are some of teh primary factors that are propelling teh growth of the pharmaceutical waste management market. On teh flip side, high cost associated with teh disposal of pharmaceutical waste and reluctance in adoption of new technologies for safe disposal of medications are likely to restrain the growth of the pharmaceutical waste management market.
This MRFR's market research report offers a comprehensive and unbiased analysis of key market dynamics in the global pharmaceutical waste management market. The report includes an elaborate discussion on historical as well as current market trends, growth opportunities and challenges backed by factful feedbacks. The primary types of pharmaceutical wastes covered in this report are over the counter waste, non-controlled prescription drugs, controlled drugs and hazardous drugs. The report provides insights on market segmentation based on the nature of waste which includes non-hazardous pharmaceutical waste and hazardous pharmaceutical waste. The report also covers the source of waste generation which includes hospitals, pharmaceutical and biotechnological companies, clinics and physicians’ offices, pharmacies and others. All the sub-market that are covered in the report are profiled under four major regions- Asia Pacific, Europe, North America, and the rest of the world, with respective country-level analysis.
MRFR's market research report on the global pharmaceutical waste management market covers current market dynamics, historical trends, growth opportunities, market valuation by region and segmentation, country-level analysis of market segments, key players' market share analysis, competitive landscape and supply chain analysis
MRFR leverages its industry expertise for the deliverance of comprehensive pharmaceutical waste management market insights through scrupulous analysis of current market trends, opportunities and challenges. The collaboration of primary and secondary research processes ensures the accuracy and authenticity of the data. The primary data is collected by conducting surveys and first-hand interviews with the key opinion makers across the value chain. Secondary research processes are utilized to verify primary data through inputs from SEC filings, white paper references and credible sources available in public domain. Additionally, the top-down and bottom-up approaches are utilized to provide highly qualitative and quantitative market foresight.
For the scope of report, MRFR offers a detailed segmental analysis of the global pharmaceutical waste management market
By Nature of Waste
By Type of Waste
By Source of Waste Generation
|Market Size||Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Nature of Waste, Type of Waste, Source of Waste Generation|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Sharps Compliance, Inc., US Ecology, Inc., Stericycle, Waste Management, Inc., BioMedical Waste Solution, LLC, Covanta Holding Corporation, Daniels Health, Stryker, Cardinal Health, Becton, Dickinson and Company and others.|
|Key Market Opportunities||Adoption of new technologies for safe disposal of medications|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The types segment is sub segmented into Over the counter Waste, Non-controlled Prescription Drugs, Controlled Drugs, Hazardous Drugs
High cost and reluctance in adopting latest technologies can prevent the pharmaceutical waste management market.
pharmaceutical waste management market has segments like non-hazardous pharmaceutical wastes and hazardous pharmaceutical waste.
Over the counter waste, non-controlled prescription drugs, controlled drugs, and hazardous drugs are segments listed in pharmaceutical waste management market.
Players are Stericycle, Sharps Compliance, Inc., US Ecology, Inc., BioMedical Waste Solution, LLC, Waste Management, Inc., Daniels Health, Stryker, Covanta Holding Corporation, Becton, Dickinson and Company, Cardinal Health, and others.
Government initiatives to inspire safe disposal would influence the pharmaceutical waste management market growth.