Market Research Report
Medical Waste Management Market - Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025
|Published by||Variant Market Research LLP||Product code||653500|
|Published||Content info||105 Pages
Delivery time: 2-3 business days
|Medical Waste Management Market - Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025|
|Published: June 16, 2018||Content info: 105 Pages||
Global Medical Waste Management Market is estimated to reach $26.9 Billion by 2025; growing at a CAGR of 5.6% from 2017 to 2025.
Medical waste management states to the suitable processing of waste materials produced by the healthcare institutions. These waste materials are generated at, hospitals, research institutions, health care teaching institutes, clinics, laboratories, blood banks, animal houses and veterinary institutes. Health-care waste comprises all the wastes produced by medical activities. It holds activities of diagnosis, curative and palliative, preventive treatments in the field of veterinary medicine and human. In addition, it includes the same types of waste originating from minor and scattered sources, including waste produced in the course of health care undertaken in the home (e.g. home dialysis, self-administration of insulin, recuperative care).
Development of advanced manufacturing techniques for drugs & medical appliances in the pharmaceuticals industries and increasing initiatives by government authorities, and Rapid rise in aged population are the factor propelling the growth of the medical waste management market. In addition, advancement of technological innovations and non-hazardous methods that helps in reducing and recycling of the waste to a huge amount have also supporting the growth of the market. Though, requirement of high capital investments and lack of strict regulations in emerging countries are the restraint if the market. Furthermore, outsourcing of medical waste management services and growing healthcare industry would generate more medical waste markets are expected to equally influence the overall growth of market during the forecast period.
Type, treatment, service, treatment site and geography are the classifications of the global medical waste management market. Type segment comprises hazardous and non-hazardous. By treatment, the market is segmented into chemical treatment, autoclaving, incineration and other treatments. The service segment is bifurcated into recycling, disposal, collection, transportation & storage and other services. Furthermore, treatment site segment includes onsite and offsite.
Based on geography, the global Medical Waste Management Market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Prominent players operating in the market include REMONDIS SE & Co. KG, Sharps Compliance, Inc., BioMedical Waste Solutions, LLC., Daniels Sharpsmart., Waste Management, Inc., CLEAN HARBORS, INC., Stericycle, Veolia, Republic Services, Inc., and Suez Environnement S.A., among others.
Treatment Site Segments