Canada Pharmaceutical Waste Management Market Analysis

Canada Pharmaceutical Waste Management Market Analysis


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Canada Pharmaceutical Waste Management Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The global pharmaceutical waste management market is growing due to increase in the amount of waste generated by pharmaceutical and healthcare companies globally. Quick rise in the patient population and increasing awareness related to adverse effect on environment caused by these companies. Additionally, many federal bodies maintain laws related to medical waste, these consist of the Occupational Safety and Health Administration (OSHA), the Drug Enforcement Administration (DEA), Centers for Disease Control (CDC). Sharps Compliance, Inc., Waste Management, Inc., Clean Harbours, Inc., Remondis Se & Co. Kg, Biomedical Waste Solutions, LLC, Daniels Sharpsmart, Inc., and Republic Services, Inc. are just a few of the companies that participate in this industry.

ID: IN10CAPH372 CATEGORY: Pharmaceuticals GEOGRAPHY: Canada AUTHOR: Dr. Medha Sansanwal

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Canada Pharmaceutical Waste Management Market Analysis Summary

Canada Pharmaceutical Waste Management Market is valued at around $108.6 Mn in 2022 and is projected to reach $171.3 Mn by 2030, exhibiting a CAGR of 5.86% during the forecast period 2023-2030.

Expired pharmaceuticals, unfinished prescriptions, tainted substances, packaging trash, and other relevant elements can all be considered pharmaceutical waste. The investigation could concentrate on various waste streams, their make-up, and particular management needs. In general, the healthcare industry—which includes hospitals, dentistry offices, nursing homes, and research labs, among other facilities produces it. The primary element driving the market is the growing government initiative for the secure disposal of unwanted, expired, and other pharmaceutical wastes while protecting the environment.  For instance, according to the World Health Organization, the medical waste produced by hospitals, clinics, and other healthcare facilities is either harmful or not. However, 15% of the waste produced is deemed hazardous, whereas 85% of the waste produced is non-hazardous and general materials. Different methods of treatment and disposal The analysis may examine the several techniques used to treat and dispose of pharmaceutical waste, including burning, landfilling, chemical treatment, reverse distribution, and other specialized procedures. These technique's effectiveness, value, and effects on the environment can all be assessed. Sharps Compliance, Inc., Waste Management, Inc., Clean Harbours, Inc., Remondis Se & Co. Kg, Biomedical Waste Solutions, LLC, Daniels Sharpsmart, Inc., and Republic Services, Inc. are just a few of the companies that participate in this industry.

Market Dynamics

Market Growth Drivers

The quick rise in the patient population and increasing awareness related to adverse effects on the environment caused by pharmaceutical waste. Additionally, many federal bodies maintain laws related to medical waste, technological advancements, and innovations in the treatment of pharmaceutical waste, increasing awareness and education about pharmaceutical waste. All these factors act as market growth drivers.

Market Restraints

Unwillingness to adopt new technologies, lack of infrastructure, and high cost associated with the disposal of pharmaceutical waste. All these factors act as market growth restraints.

Competitive Landscape

Key Players

  • Sharps Compliance, Inc.
  • Waste Management, Inc.
  • Clean Harbours, Inc.
  • Remondis Se & Co. Kg
  • Biomedical Waste Solutions, LLC
  • Daniels Sharpsmart, Inc.
  • Republic Services, Inc.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For Canada Pharmaceutical Waste Management Market

By Type of Waste

  • Prescription Drugs and
  • Over the Counter Waste

By Nature of Waste

  • Hazardous Pharmaceutical Waste
  • Non-Hazardous Pharmaceutical waste

By End User

  • Hospitals
  • Pharmacies
  • Pharmaceutical & Biotechnology Companies 
  • Clinics.

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 27 February 2024
Updated by: Dhruv Joshi

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