Navigation Links
Medical Waste Disposal Services Procurement Research Report Now Available from IBISWorld
Date:10/20/2013

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: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

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
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
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 http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/10/prweb11249037.htm.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... NY (PRWEB) , ... May 25, 2016 , ... ... and Florida International University (FIU) Herbert Wertheim College of Medicine announced the AUA-FIU ... Medical Doctor Degree and Global Health Certificate from AUA and a Certificate of ...
(Date:5/25/2016)... ... May 25, 2016 , ... Dr. Travis Schwarz is ... at 8618 Mexico Road, O’Fallon, MO 63366. He serves patients of all ages with ... treatments . Dr. Schwarz’s success is reflected in the superior patient reviews that he ...
(Date:5/25/2016)... ... May 25, 2016 , ... Today Omega Institute, a leading ... 11 innovative workshops and training opportunities in the growing field of yoga ... individuals who are dealing with specific health issues—including injuries, illnesses, and temporary or chronic ...
(Date:5/25/2016)... ... May 25, 2016 , ... Cheryl Bowker of Bowker Insurance Group has ... McKenna Good Hands Legacy Award. McKenna ran one of Allstate’s most successful agencies for ... all those who knew him. The award named for him is not given every ...
(Date:5/25/2016)... ... ... The Global Wellness Summit (GWS) today announced that its 2016 agenda will ... continent that pioneered the medical/wellness concept for the world. , Delegates to the 10th ... Henri Chenot, Founder of the Chenot Group, which operates wellness centers around the world ...
Breaking Medicine News(10 mins):
(Date:5/24/2016)... May 24, 2016 Open Access ... Clinical Neurophysiology  Elsevier , a world-leading ... services, today announced the launch of Clinical ... journal that focuses on clinical practice issues in clinical ... clinical series, normal values and didactic reviews. It is ...
(Date:5/23/2016)... 2016 Diplomat Pharmacy, Inc. (NYSE: DPLO) announced today ... programs. The hands-on learning experience is a 12-week summer ... Fellowship and Internship programs bring ... and interns are provided optional housing free of charge ... at the Riverfront Residence Hall to foster communication and ...
(Date:5/23/2016)... Non-invasive diagnostic test realizes the potential of ... be presented at Yissum’s booth, at IATI-BIOMED 2016 conference  ... the Hebrew University of Jerusalem announced today it ... MKI, the technology investment arm of Morris Kahn , ... early detection of multiple diseases by analyzing circulating DNA ...
Breaking Medicine Technology: