Pharmaceutical Waste Management Market Vendors and Future Scenario Up To 2023

Posted by vinit sawant on April 26th, 2021

Market Research Future (MRFR) projects steady growth in the global pharmaceutical waste management market over the forthcoming years. Pharmaceutical wastes contain active ingredients which are known to cause harm to the environment and public health.

Various human and veterinary pharmaceutical compounds have been found in drinking water resources in concentration which has directed the focus of concerned authorities towards proper disposal of pharmaceutical waste. Pharmaceuticals have not only been found in water but also on the ground surface.  Educating consumers and healthcare professionals about appropriate pharmaceutical waste disposal can make a significant impact on public health and the environment owing to which healthcare professionals and pharmacists are initiating towards imparting knowledge about the consequences of improper pharmaceutical waste disposal.

In addition, the governments in various countries have endeavored to raise awareness and implement stringent regulations pertaining to pharmaceutical waste management which have contributed to market growth. Advancements in waste disposal techniques have also spurred the growth of the market. However, such developments have increased the cost of pharmaceutical waste disposal which restricts the adoption of pharmaceutical waste management.

Segmentation

The global pharmaceutical waste management market has been segmented based on the nature of waste, type of waste, and source of waste generation.  By nature of waste, the market has been segmented into hazardous pharmaceutical waste and non-hazardous pharmaceutical waste.

By type of waste, the market has been segmented into over the counter waste, non-controlled prescription drugs, controlled drugs, and hazardous drugs.

By source of waste generation, the market has been segmented into hospitals, clinics & physicians' offices, pharmaceutical & biotechnology companies, pharmacies, and others.

Competitive Landscape

The global pharmaceutical waste management market is marked by the presence of players such as Stericycle, Covanta Holding Corporation, Stryker, US Ecology, Inc., BioMedical Waste Solution, LLC, Cardinal Health, Becton, Dickinson and Company, Daniels Health, Sharps Compliance, Inc., and Waste Management, Inc.