Abstract
Pollution and Rising Prices Propel Growth in Waste Disposal Market
Environmental concerns and escalating disposal costs are moving healthcare
participants to adopt a central waste treatment facility. Illegal dumping and
disposal activity -- particularly by small-quality generators and local haulers
-- is reducing as stringent waste disposal regulations are enforced. This is
expected to lead to an increase in the quantity of waste entering the commercial
off-site treatment stream. A large number of states are also improving tracking
and enforcement to help tighten regulations.
This Frost & Sullivan study of the U.S. medical waste management and
disposal market provides relevant information to aid participants in strategic
planning and effective capture of growth opportunities. The research is
segregated into two segments -- the equipment market and disposal market. The
steam sterilization equipment market, microwave treatment equipment market,
chemical treatment equipment market, and the disposal services market for
medical wastes are studied comprehensively. Industry challenges and market
drivers are also included.
Recovering Economy and Aging Population Help Create Demand for Disposal
Equipment
The recent economic upswing has affected the medical waste management and
disposal market as demand has been mounting for centralized and alternative
disposal methods.
The growing aging population in the United States is also helping build
demand in the disposal market. "The elderly population is increasing and
falling mortality rates show that these people will live longer due to improved
medical facilities and newer treatment methods," says the analyst of the
research. "More medical treatment and attention will be required by this
segment and this in turn will increase the amount of waste generated."
Medical Waste Mandates Affect Adoption and Use of Incinerators
The use of incinerators to treat medical waste has been falling due to strict
directives issued by healthcare authorities. The enforcement of the clean air
act regulations act is accelerating growth in the medical waste management and
disposal market. Following this trend, a large number of facilities were forced
to shut down their incinerators -- which were outdated and unreliable.
"Following the mandates, over 80 percent of on-site incinerators at
healthcare facilities have been phased out," notes the analyst. "This
has led to hospitals using commercial facilities since incineration equipment
upgrades are expensive." This trend is benefiting the waste management and
disposal market immensely as demand for alternative methods is increasing.
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