Orbis Research Present’s Global Medical Waste Management Market-Growth, Trends and Forecasts (2017-2022) enhances the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage.
The Global Medical Waste Management Market is expected to reach USD 13.3 Billion by 2020 from USD 10.3 Billion in 2015, at a CAGR of 5.2% from 2015 to 2022. Medical waste is all waste materials generated at health care facilities, such as hospitals, clinics, physician’s offices, dental practices, blood banks, and veterinary hospitals/clinics, as well as medical research facilities and laboratories. Medical waste management is the process of regulating the generation, handling, storage, treatment, and disposal of medical waste. Improper management of waste generated in health care facilities causes a direct health impact on the community, the health care workers and on the environment. Stringent environment and safety regulations for medical waste management have been set based on standards for the treatment and storage of medical waste. The Healthcare and Pharmaceutical organizations are the major generators of medical waste. This waste needs to be properly controlled and efficiently disposed.
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Among various services, the treatment and disposal segment is expected to account for the largest share of the market and expected to grow at the highest CAGR from 2015 to 2021. The high growth in this segment can be attributed to the increasing number of initiatives taken by government and non-government organizations for the appropriate disposal of medical waste. Large Amount of Healthcare Waste Generated and Increasing Number of Awareness Programs for Waste Management fuel the market growth.
Major market constraints are developing and underdeveloped nations, which lack sufficient High Capital Investments. High technological costs, lack of physician support and poor cases of implementation.
Market is segmented based on Type of Waste (Non-Hazardous& Hazardous); based on Treatment (Incineration, Autoclaving, Chemical Treatment & Other Treatments); based on Service (Collection, Transportation, & Storage, Treatment & Disposal, Recycling & Other Services); based on Treatment Site (Offsite Treatment & Onsite Treatment)and based on geography (North America, Europe, Asia Pacific, Latin America and Middle East & Africa).
Geographically, the market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Growth in the North American segment is primarily driven by rising aging population and the large amount of medical waste generated.
Some of the key participants in the global telemedicine market include Clean Harbors, Inc., Republic Services, Inc., Stericycle, Inc., Suez Environnmental Services, US Ecology, Inc., Veolia Environnmental Services, Waste Management, Inc., Biomedical Waste Solutions, Llc. Daniels Sharpsmart Inc. among others.
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What makes our report unique?
An extensive research study on Global Medical Waste disposal Market trends, future forecasts, drivers, constraints, and opportunities.
We provide the longest market segmentation possible based on Type of Waste, Treatment, Treatment Site, Service, and geography.
This global report gives a bird’s eye-view of the market competitive landscape, which includes mergers & acquisitions, collaborations, new product launches and key market players.
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