Skip to main content

In this article, we will explore a 6-point product development model for medical waste solutions that can help you break down the process into manageable pieces and ensure the end result meets your needs. Read on to learn more about how this model can streamline and simplify product development.

Whether you’re a company looking to develop a medical waste solution or an individual who needs one, developing any product, especially for medical waste treatment, can be a daunting task. Follow these six steps to derisk development by adding maximum value to the industry.


Assess Market Opportunities and Threats


Link Global Climates to Local Trends


Define the Level of Medical Waste Industrialisation


Territory Segmentation & Profiling


Consider Future Pandemics and their Waste Outputs


Forecast Product Diversification for Onsite Medical Waste Management

Download PDF

01. Assess Market Opportunities and Threats

In order to establish opportunities and threats in the local market, it is important to first understand the needs of the community. What type of medical waste treatment do they currently have in place? Are there any gaps in service that could be addressed? Included in assessing the needs of the community should be a review of the market’s level of knowledge and training regarding safe waste management practices. This includes understanding the current regulations and laws in place, as well as the level of awareness and education surrounding the proper handling, storage, and disposal of medical waste. It is also important to identify any training programs that are currently available to healthcare providers and waste management companies in the area and to assess their effectiveness.

By understanding the level of knowledge and training regarding safe waste management practices in the community, it will be easier to identify areas where education and training may be needed and to develop strategies for addressing these needs. This knowledge is power, and this will impact the success of the integration of any proposed new or upscaled model. Once the needs of the community are understood, it is important to research the local competition. Who is already providing medical waste treatment services in the area? What type of services do they offer? What are their prices? Furthermore, your review of potential competitors should be conducted in order to assess any rivals that may be turned into partnerships.

Ensuring that the product being developed is able to compete effectively in the market through a judo strategy that reframes ‘competitors’ as ‘collaborators’ forcing you as the product developer to innovate even further through novelty. How can a new product complement existing players? Once the market has been assessed, it is important to identify the key areas where the product being developed can provide value. This will help to focus the development process and give your project the hyperfocus it deserves and needs to survive. By understanding both the needs of the community and the local competition, it will be easier to identify opportunities and threats in the market. The market assessment should include a review of the current medical waste treatment industry and a gap analysis outlining its underserved end-users. This will help to identify any burdens in the market that could be exploited by your innovation.


Price Indexing

Using a comparison of the values for any two periods or locations will reveal the average change in prices between the two periods or the average difference in prices between locations, the price index is a measure of relative price changes.

Gap Analysis

A gap analysis compares current performance to potential or desired performance. If a product or user does not make the best use of its current resources, it may produce or perform below its idealised potential.

Market Opportunity

A circumstance in which a firm determines that a product, service, or other items that customers may want or want is not being offered by competitors.

Complementary Products

A complementary product is one whose appeal grows in proportion to the popularity of its complement. It has a negative cross-elasticity of demand, which means that demand for it rises as the price of another product falls.
Download PDF

02. Link Global Climates to Local Trends

The global economy is increasingly interconnected, and local industries are increasingly affected by global economic developments. For example, the outbreak of the COVID-19 pandemic has had a significant impact on local industries around the world. In order to contextualise the global economy to local industries, it is necessary to understand how the global economy works and how it affects local industries. The following sections will provide an overview of the global economy and its impact on local industries.

In recent years, there has been a growing trend towards protectionism, with some countries imposing tariffs and other barriers to trade in an attempt to safeguard their industries. This can lead to retaliatory measures by other countries, creating a cycle of tit-for-tat actions that can damage the global economy. Local industries need to be aware of these trends in order to adapt their strategies accordingly. They also need to consider how they can utilise the benefits of globalisation while minimising the risks.

For example, let’s consider the medical waste industry. Medical waste is a global issue, and its management is regulated by international treaties. As such, any changes to the global economy can have a direct impact on the medical waste industry. A recession may lead to cutbacks in healthcare spending, which could in turn lead to less funding for medical waste management programmes. Alternatively, an increase in trade could lead to more medical waste being generated as products are shipped around the world.
Book Consultation

03. Define the Level of Medical Waste Industrialisation

The industrialisation of medical waste disposal is a process through which a local economy can develop its own infrastructure and legal framework for economically and environmentally sustainable waste management. This usually takes the form of a centralised system in which businesses, government and other stakeholders work together to develop an industry around the safe treatment and disposal of medical waste. The benefits of this approach are that it creates jobs, reduces environmental pollution, and helps to keep medical waste out of landfill sites. It also provides a much-needed service to the local community. In many cases, the industrialisation of medical waste disposal can be the key to developing a thriving local economy.

Once you have a clear understanding of the most popular methods of medical waste treatment and their regulatory framework, you can begin to assess the level of industrialisation in your local economy. To do this, you will need to gather data on the amount of medical waste produced, as well as the number of businesses that are engaged in medical waste treatment and disposal. You can also look at government policies and regulations related to medical waste management to get an idea of how seriously your community takes this issue.

After collecting all of this information, you should have a good sense of how much progress has been made towards Medical Waste Industrialisation in your local economy. If there is still a lot of work to be done, you may want to consider starting a business that provides medical waste treatment services. Alternatively, you could lobby for stricter government regulations on medical waste management, or work with existing businesses to help them improve their processes. Either way, by taking action on this issue, you can help.

Book Consultation

04. Territory Segmentation & Profiling

The next step in using the 6-PPDM is to segment the market into territories. This can be done by looking at the needs of different customer groups or provinces/states and identifying which products are best suited to meet those needs. For example, one territory may be hospitals, while another may be mines or one province may have a more urgent need than another. Once the market has been segmented into territories or needs, the next step is to develop products that are tailored to the needs of each territory. This may involve developing new medical waste treatments or improving existing ones. For example, if the needs of hospitals are different from those of nursing homes, then different products may need to be developed for each group as set out by the WHO’s Medical Waste Cradle-to-Grave 0km.


Seasonal Changes in Demand

Seasonal demand refers to fluctuations in demand for your product based on the activity of the socio-economics at play that occur throughout the year.

Buyer Profiling

A customer profile is a detailed description, portrayal and codec that provides critical information about your ideal customers and their interactions with your company.

Meso Environment

Suppliers, supply and demand, distribution, rivals, and strategic alliances are examples of transactional ‘market forces’.

Territory Trend Analysis

Trend analysis is a technique for examining and forecasting the movements of a territory using current and historical data.

Download PDF Guide & Start Planning.

Reduce costs of hospital waste treatment and management with this easy-to-follow quick-start guide.

05. Consider Future Pandemics and their Waste Outputs

With the current outbreak of COVID-19, it is more important than ever to consider the waste outputs of future pandemics. Medical waste treatment facilities need to be able to handle large volumes of waste quickly and efficiently. The point product development model can be used to develop new treatments that can meet these needs.

Use a modular approach when drawing up your calculations because this ensures each component of the solution or system is designed to work independently. This makes it easier to scale up or down the solution as needed. Additionally, this approach makes it easier to replace components or functions that become outdated or no longer fit the needs of the system.

Flexibility is key in the 6-Point Product Development Model. The system must be able to adapt to changes in the environment, such as new strains of diseases. Additionally, the system should be able to accommodate future growth. This will ensure that the system can continue to meet the needs of medical waste treatment facilities for years to come.

06. Forecast Product Diversification for Onsite Medical Waste Management

As the medical industry continues to grow, so does the amount of medical waste that is produced. Hospitals, clinics, and other medical facilities generate a large amount of waste each day. This waste must be properly managed to protect the environment and public health in consideration of the technological developments in medical devices, practices, and pharmaceuticals.

There are many different ways to treat medical waste. Some methods, such as incineration, are very effective but can be expensive to the environment and the bottom line. Other methods, such as onsite friction sterilisation, are less expensive and more effective.

Forecasts of what new products will be needed to manage medical waste in the future should rely on the premise of localisation as set out by the WHO’s ‘Cradle-to-Grave Medical Waste Management in 0km’. It also takes into account the changing needs of the medical industry. Forecasts of what new products will be needed to manage medical waste in the future should rely on the premise of localisation as set out by the WHO’s ‘medical waste cradle-to-grave 0km’. It also takes into account the changing needs of the medical industry and can be used by hospitals and other medical facilities the world over.

Take a Closer Look