San Francisco, 05
February, Medical Waste Management Market Analysis By Services (Onsite:
Collection, Recycling, Treatment; Offsite: Collection, Recycling, Treatment),
By Treatment (Incineration, Autoclaving, Chemical), And Segment Forecasts, 2018
– 2025.
The global medical waste management market is expected to reach USD
33.4 billion by 2025, according to a new report by Grand View Research, Inc.
The development of innovative manufacturing techniques in pharmaceuticals,
medical devices is growing with rapid pace. The rise in hospitals,
multispecialty clinics and diagnostic centers that require large number of
inventories for day to day functioning is also leading to generation of more
waste. Thus, overall growth in healthcare industry coupled with rising patient
population requiring prolong medical and surgical aid is fueling the market
growth.
Rapid growth in initiatives by
government to support and raise funds in effective waste management is
anticipated to drive the market growth. These programs are conducted for
creating awareness regarding the importance of systems for proper waste
disposal. Additionally, taking steps to set standards and guidelines for the
same is anticipated to propel the market growth.
The medical waste management
involves high capital investment for managing hazardous by-products and
disposal of infectious material. This disposal and recycling processes are
associated with release of hazardous gases and compounds which may disturb the
ecosystem and are likely to affect the industry growth.
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Report On Medical Waste Management Market Analysis:
Further key findings from the study suggest:
·
The growing prevalence of
infectious and chronic diseases coupled with overall growth of healthcare
industry is augmenting the market growth
·
Most of the waste disposal
treatments are performed offsite, however, to save cost and holding time,
onsite treatment sites are expected to grow over the forecast period
·
The incineration segment
accounted for the largest revenue share in 2016 however, other sophisticated
non-incineration processes that are ecofriendly are projected to replace
traditional incinerators
·
In 2016, North America
dominated the global space with the largest revenue share of over 32.0% owing
to growing healthcare industry and development of innovative techniques for
disposal of material
·
Asia Pacific is expected to
emerge as the fastest growing region during the forecast period, mainly due to
growing social awareness regarding effective disposal and recycling.
·
Major players competing in the
industry include but are not limited to Remondis Medison GmbH; Republic
Services, Inc.; Sharp Compliance, Inc.; Stericycle, Inc.; Suez Environment,
Inc.; Veolia Environment S.A.; Waste Management, Inc.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
medical waste management market by services, treatment and region:
Medical Waste Management
Services Outlook (Revenue, USD Million; 2014-2025)
·
Onsite
o
Collection
o
Treatment
o
Recycling
o
Others
·
Offsite
o
Collecting, transportation,
storage
o
Treatment
o
Recycling
o
Others
Medical Waste Management
Treatment Outlook (Revenue, USD Million; 2014-2025)
·
Incineration
·
Autoclaving
·
Chemical treatment
·
Others
Regional Outlook (Revenue, USD
Million; 2014-2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
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Press Release of this Report: www.grandviewresearch.com/press-release/global-medical-waste-management-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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