The Global Medical Waste Management Market is valued at
Medical waste is the garbage generated in healthcare facilities as a result of treatment and surgical procedures. Clinics, hospitals, and diagnostic institutions produce waste that must be managed and disposed of properly. Medical waste management ensures the correct collection, treatment, storage, and disposal of biomedical waste in order to protect the environment and general public.
The demand for medical waste management is strong, and will continue to be strong as a result of a few factors such as: *The rapidly growing population - more people simply means more medical waste is generated year after year *Increase in the prevalence of diseases such as COVID-19 *The growing global healthcare infrastructure - the ability to treat more patients results in a larger amount of medical waste generated
The
According to the
In this article, we will be discussing a few companies that make great plays to benefit from the growing medical waste management sector.
VKIN offers its revolutionary VKIN-6000, an ozone-based waste treatment system, through its majority-owned subsidiary,
Incineration, chemical treatment, autoclaves, and heat treatments are examples of current medical and biohazardous waste management solutions that VKIN hopes to replace. Each of these current methods has a number of disadvantages. These methods for treating medical waste are typically hazardous to workers, involve the combustion of toxic and pungent gases, and result in the release of hazardous chemicals into the environment.
The VKIN-6000 eliminates the need to heat medical waste during treatment. As a result, VKIN's solution drastically reduces the energy used throughout the process, which in turn reduces costs, conserves resources, and eliminates the release of greenhouse gases. This results in a cheaper process that is safer and more environmentally friendly.
Recently, VKIN received a Notice of Allowance from the United States Patent & Trademark Office ("USPTO") for patent application No. 17/576,801 titled "Multi-Chamber Medical Waste Ozone-Based Treatment Systems and Methods". A Notice of Allowance means that the USPTO has made the determination that a patent will be granted from an application. This indicates that a patent for their game-changing medical waste technology should be granted within the next few months.
Keep VKIN on your radar for stocks that will benefit from the increase demand for medical waste management solutions
Recently,
Recently,
A quarter ago, it was expected that this recycling company would post a loss of
While they may have had a tough Q3, look to the company to finish 2023 strong.
Waste Management (NYSE: WM) - Headquartered in
While it may not be the most exciting stock, WM offers investors a stable play with steady returns, oftentimes even in tumultuous markets. Four analysts revised their earnings estimate upward in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased from
With a solid Zacks Rank and top-tier Value and VGM Style Scores, WM should be on investors' short list.
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch is responsible for the production and distribution of this content. RazorPitch is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR has been compensated
Media Contact
Company
Contact Person:
Email: mark@capitalgainsreport.com
City:
State:
Country:
Website: https://capitalgainsreport.com/
Source: www.abnewswire.com
.
(C) 2022 M2 COMMUNICATIONS, source