Chapter 14 Biomedical waste: economics and market trends
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Priyanka Chaudhary
Abstract
Increasing population growth, prevalence of infectious diseases, and a growing healthcare industry contributes largely to an increase in the volume of medical waste generated. Due to its hazardous nature and the risk associated, managing biomedical waste is a major concern for many governmental and nongovernmental organizations and the private sector. This creates a huge market for waste management service providers and stakeholders. Further, increasing awareness toward waste management, advancement in technology, and stringent government regulations are also propelling the growth of the market. Emerging economies that have already penetrated the market are looking for environment friendly clean solution to safely dispose the hazardous waste. So, the major market players in medical waste management are focusing on elaborating their portfolio of services and products in the waste management market to generate revenues. By analyzing the market trend and understanding the economic drivers behind waste management, one can leverage the opportunities in terms of emerging revenue pockets. However, the need to invest heavily due to the demand for high-value equipment and new technological equipment may hinder the growth of the medical waste management market, but with the committed government efforts in terms of finance and infrastructure development and dedicated collective work of healthcare workers, biomedical waste management market is expected to achieve great heights.
Abstract
Increasing population growth, prevalence of infectious diseases, and a growing healthcare industry contributes largely to an increase in the volume of medical waste generated. Due to its hazardous nature and the risk associated, managing biomedical waste is a major concern for many governmental and nongovernmental organizations and the private sector. This creates a huge market for waste management service providers and stakeholders. Further, increasing awareness toward waste management, advancement in technology, and stringent government regulations are also propelling the growth of the market. Emerging economies that have already penetrated the market are looking for environment friendly clean solution to safely dispose the hazardous waste. So, the major market players in medical waste management are focusing on elaborating their portfolio of services and products in the waste management market to generate revenues. By analyzing the market trend and understanding the economic drivers behind waste management, one can leverage the opportunities in terms of emerging revenue pockets. However, the need to invest heavily due to the demand for high-value equipment and new technological equipment may hinder the growth of the medical waste management market, but with the committed government efforts in terms of finance and infrastructure development and dedicated collective work of healthcare workers, biomedical waste management market is expected to achieve great heights.
Chapters in this book
- Frontmatter I
- Contents V
- List of contributing authors IX
- Chapter 1 Current status of biomedical waste generation in the world 1
- Chapter 2 Conventional and modern biomedical waste management technologies 15
- Chapter 3 Biomedical waste management: challenges and opportunities 39
- Chapter 4 Technological advancements for biomedical waste management 51
- Chapter 5 Segregation of biomedical waste: methodologies and importance 65
- Chapter 6 Metal recovery from biomedical waste: prospects and Perspectives 85
- Chapter 7 Biomedical waste treatment and energy generation 103
- Chapter 8 Biomedical waste and bioenergy: prospects and challenges 115
- Chapter 9 Utilization of biomedical waste as construction substitute 131
- Chapter 10 Segregation of biomedical waste: methodologies and importance 147
- Chapter 11 Biomedical waste management strategies: prospects and future scenario 161
- Chapter 12 The significance of information technology in enhancing revenue generation from biomedical waste management 179
- Chapter 13 Economics and market scenario of biomedical waste management 193
- Chapter 14 Biomedical waste: economics and market trends 207
- Chapter 15 Government initiatives and futuristic plans for waste management and revenue generation 219
- Chapter 16 Biomedical waste: environmental impacts and sustainable management 231
- Chapter 17 Environmental impact of diverse biomedical waste and their sustainable management strategies 261
- Chapter 18 Recovery of silver from used X-ray film for Sphingomonas paucimobilis MX8 273
- Index 283
Chapters in this book
- Frontmatter I
- Contents V
- List of contributing authors IX
- Chapter 1 Current status of biomedical waste generation in the world 1
- Chapter 2 Conventional and modern biomedical waste management technologies 15
- Chapter 3 Biomedical waste management: challenges and opportunities 39
- Chapter 4 Technological advancements for biomedical waste management 51
- Chapter 5 Segregation of biomedical waste: methodologies and importance 65
- Chapter 6 Metal recovery from biomedical waste: prospects and Perspectives 85
- Chapter 7 Biomedical waste treatment and energy generation 103
- Chapter 8 Biomedical waste and bioenergy: prospects and challenges 115
- Chapter 9 Utilization of biomedical waste as construction substitute 131
- Chapter 10 Segregation of biomedical waste: methodologies and importance 147
- Chapter 11 Biomedical waste management strategies: prospects and future scenario 161
- Chapter 12 The significance of information technology in enhancing revenue generation from biomedical waste management 179
- Chapter 13 Economics and market scenario of biomedical waste management 193
- Chapter 14 Biomedical waste: economics and market trends 207
- Chapter 15 Government initiatives and futuristic plans for waste management and revenue generation 219
- Chapter 16 Biomedical waste: environmental impacts and sustainable management 231
- Chapter 17 Environmental impact of diverse biomedical waste and their sustainable management strategies 261
- Chapter 18 Recovery of silver from used X-ray film for Sphingomonas paucimobilis MX8 273
- Index 283
