Navigation Links
Medical Waste Disposal Services Procurement Research Report Now Available from IBISWorld

Los Angeles, CA (PRWEB) October 20, 2013

Medical waste disposal services have a buyer power score of 3.0 out of 5. This score reflects limited buyer power and slowly increasing prices for disposal services. Stringent regulations make these specialized waste management services necessary for many buyers; medical waste must be disposed of following strict guidelines, and processing medical waste can be too expensive for many buyers to perform in-house. “Therefore, outsourcing these services is required to meet standards regarding the disposal of regulated medical waste”, according to IBISWorld procurement analyst Erich Abellera. The highly specialized nature of these services also restricts the availability of substitutes for buyers, limiting their negotiation power. Service providers thus experience consistently high demand and strong pricing power.

Average prices have increased steadily over the past three years, and this trend is expected to continue. As healthcare reform is implemented over the coming years, access to healthcare insurance is expected to increase significantly. Increased insurance coverage will lead to greater use of healthcare services, which will in turn result in higher volumes of medical waste. Thus, healthcare reform is expected to ultimately boost demand for medical waste disposal services, pushing prices up further over the next three years. “Buyers can increase their negotiation power by setting multi-year agreements with medical waste disposal service providers”, says Abellera. Multi-year contracts will also allow buyers to lock in prices before they rise in the coming years. However, some contracts allow suppliers to pass rising input costs onto buyers. Buyers can negotiate limits to these price increases to reduce their total cost of ownership.

Prices for medical waste disposal services depend on the type of disposal service being purchased, as well as the type and amount of waste to be disposed. The two main services are pickup, which involves medical waste being collected and hauled away from the buyer, and mail-back, which involves the buyer mailing containers filled with waste to a disposal facility. The major vendors in this market are Republic Services, Stericycle, US Ecology and Waste Management.

For more information, visit IBISWorld’s Medical Waste Disposal Services procurement research report page.

Follow IBISWorld on Twitter:!/IBISWorld
Friend IBISWorld on Facebook:

IBISWorld Procurement Report Key Topics

This report is intended to help buyers of medical waste disposal services. Medical waste includes soiled bandages, body fluids, body tissues, surgical instruments, needles, cultures and body organs. These items are generated by healthcare facilities such as hospitals, clinics, veterinary clinics, dentist offices, research labs and private practices. Regulations govern the disposal of such waste, which cannot be directly disposed of in landfills with municipal solid waste. Medical waste disposal services collect, treat and dispose medical waste according to local, state and federal guidelines.

Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Competitive Environment
Market Share Concentration
Vendor Financial Benchmarks
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics

About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Physician Groups Call for Fewer Medical Tests
2. Weill Cornell Medical College establishes Center for Healthcare Informatics and Policy
3. CAM therapy combined with conventional medical care may improve treatment of lower back pain
4. Image share project gives patients and physicians anytime, anywhere access to medical images
5. Researchers determine vitamin D blood level for reducing major medical risks in older adults
6. Biomedical researchers receive Hartwell Foundation awards
7. Columbia University Medical Center and NY-Presbyterian experts at APA meeting
8. Fitness in Middle Age Lowers Medical Costs Later: Study
9. Ben-Gurion U. and Cincinnati Childrens Hospital to develop pediatric-specific medical technologies
10. Gene Tests May Not Drive Patients to More Medical Care
11. University studies and career expectations of medical students
Post Your Comments:
(Date:6/27/2016)... ... June 27, 2016 , ... ... technology to revolutionize the emergency ambulance transport experience for the millions of people ... how Uber has disrupted the taxi industry through the use of technology. Now, ...
(Date:6/26/2016)... Carolina (PRWEB) , ... June 26, 2016 , ... ... of a new product that was developed to enhance the health of felines. The ... centuries. , The two main herbs in the PawPaws Cat Kidney Support ...
(Date:6/25/2016)... ... , ... The temporary closing of Bruton Memorial Library on June 21 due to a possible ... often overlooked aspect of head lice: the parasite’s ability to live away from a human ... but a necessary one in the event that lice have simply gotten out of control. ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary of ... award to iHire in recognition of their exemplary accomplishments in worksite health promotion. , ... Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was ...
(Date:6/24/2016)... ... , ... Marcy was in a crisis. Her son James, eight, was out of control. Prone ... physically. , “When something upset him, he couldn’t control his emotions,” remembers Marcy. “If ... at my other children and say he was going to kill them. If we ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- Dehaier Medical Systems Ltd. (NASDAQ: DHRM ... sells medical devices and wearable sleep respiratory products in ... agreement with Hongyuan Supply Chain Management Co., Ltd. (hereinafter ... 2016, to develop Dehaier,s new Internet medical technology business. ... leverage Hongyuan Supply Chain,s sales platform to reach Dehaier,s ...
(Date:6/24/2016)... , Belgium , June ... MKT: VNRX), today announced the appointment of Dr. ... of Directors as a Non-Executive Director, effective June ... Company,s Audit, Compensation and Nominations and Governance Committees.  ... Dr. Futcher will provide independent expertise and strategic ...
(Date:6/23/2016)... -- Research and Markets has announced the ... (Organic Chemical (Sugar, Petrochemical, Glycerin), Inorganic Chemical), Functionality (Filler, ... Global Forecast to 2021" report to their offering. ... pharmaceutical excipients market is projected to reach USD 8.1 ... the forecast period 2016 to 2021. ...
Breaking Medicine Technology: