What is Pharmaceutical Waste Disposal Services Market Scope?
Pharmaceutical waste is any waste that contains medicinal drugs that are expired, unused, contaminated damaged, or no longer needed. Pharmaceutica disposal is necessary owing to the wide range of chemicals present which has inherent health risks and environmental hazards. Special care and precautions must be taken when handling and disposing of pharmaceutical waste due to its dangerous nature which is boosting the demand of the market. The outsourcing of pharmaceutical waste disposal services and technological advancements has opened an array of opportunities for market growth.
The Pharmaceutical Waste Disposal Services market study is being classified, by Application (Pharmaceutical Factories and Hospitals) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Pharmaceutical Waste Disposal Services market throughout the predicted period.
US Ecology (United States), AEG Environmental (United States), BioServ (United States), Cannon Hygiene (United Kingdom), Clean Harbors (United States), Cleanaway (Australia), Daniels Health (Canada), ERC Waste Management (United States), Gamma Waste Services (United States) and Go Green Solutions (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Hazardous Waste Experts (United States), IDR Environmental Services (United States) and LB Medwaste Services (United States).
Analyst at AMA have segmented the market study of Global Pharmaceutical Waste Disposal Services market by Type, Application and Region.
On the basis of geography, the market of Pharmaceutical Waste Disposal Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In Sept 2020, PegEx Inc., the rapidly growing, technology-enabled solutions provider to the waste industry announces the completion of the sale of its brokerage business assets, Hazardous Waste Experts (HWE).
Influencing Market Trend
- Outsourcing of Pharmaceutical Waste Disposal Services
- Rising Awareness Regarding Pharmaceuticals Waste
- Increasing Government Initiatives for Proper Disposal of Medications
- Growing Number of Pharmaceuticals Companies and Increasing Waste
- Rising Demand from Developing Countries
- High Cost Associated with Disposal of Pharmaceutical Waste
- Stringent Regulations regarding Disposal of Pharmaceutical Waste
- Potential Pollution Risk Associated with Incineration Processes
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Pharmaceutical Waste Disposal Service Providers, Government Regulatory and Research Organizations, End-Use Industries and Others
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