Global
Medical Waste Management Market is expected to reach USD 17.38 million by
2025, from USD 11.33 million in 2017, growing at a CAGR of 5.5% during the
forecast period of 2018 to 2025. The upcoming market report contains data for
historic years 2016, the base year of calculation is 2017 and the forecast
period is 2018 to 2025.
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Global Medical Waste Management
Market, By Type of Waste (Non-Hazardous Waste, Hazardous Waste), By Service
Type (Collection, Transportation, & Storage, Treatment & Disposal,
Recycling, Other), By Treatment Type (Incineration, Autoclaving, Chemical
Treatment, Other Treatments), By Treatment Site (Offsite Treatment, Onsite
Treatment), By Geography (North America, South America, Europe, Asia-Pacific,
Middle East and Africa) and Forecast to 2025.
Definition of Medical Waste Management Market:
This market report defines the market trends and forecast the
upcoming opportunities and threats of the medical waste management market in
the next 8 years. Medical waste management is the processing of waste materials
generated by the healthcare institutions. These waste materials are generated
at clinics, bloods banks, clinics, laboratories and required proper management.
The rise of medical waste management solutions plays a key role in prevention
of the release of toxic compounds into water and land. Medical waste management
solutions treat waste responsibly by adopting environment friendly treatment
procedures. These treatments are ecofriendly and follow zero toxic emissions,
fumes & gases enabling repurposing of waste into resources. According to
World Health Organization (WHO), the total amount of waste generated by
health-care activities around 85.0% is non-hazardous waste. The remaining 15.0%
is considered hazardous material that may be infectious, chemical or
radioactive. There is growth in government initiatives, for example World
Health Organization (WHO) and UNICEF partnered in 2015 and launched a global initiative
to ensure that all health care facilities have adequate water, sanitation and
hygiene services, it addresses the health care waste.
Scope
of the Report:
The global medical
waste management market is segmented on the basis of type of waste, service
type, treatment type, and treatment site.
On the basis of type of waste, the global medical waste
management market is segmented into non-hazardous waste and hazardous waste.
Hazardous wastes are further sub segmented into infectious & pathological
waste, pharmaceutical waste, sharps, and other.
Based on service type, the global medical waste management
market is segmented into collection, transportation, & storage, treatment
& disposal, recycling, and other.
On the basis of treatment type, the global medical waste
management market is segmented into incineration, autoclaving, chemical
treatment, and other.
On the basis of treatment site, the global medical waste
management market is segmented into offsite treatment and onsite treatment.
Based on geography, the global medical waste management
market report covers data points for 28 countries across multiple geographies
namely North America & South America, Europe, Asia-Pacific and, Middle East
& Africa. Some of the major countries covered in this report are U.S.,
Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China,
India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa
and, Brazil among others.
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Competitive
Analysis:
The global medical waste
management market is highly fragmented and the major players have used various
strategies such as new product launches, expansions, agreements, joint
ventures, partnerships, acquisitions, and others to increase their footprints
in this market. The report includes market shares of medical waste management
market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors:
Some of the major players
operating in the global
medical waste management market are Stericycle, Inc., Suez Environnement
S.A., Veolia Environnement S.A., Clean Harbors, Inc., Republic Services, Inc.,
BioMedical Waste Solutions, Llc., Remondis Medison (A Subsidiary of Remondis Ag
& Co.Kg), Sharps Compliance, Inc., Waste Management, Inc., Daniels
Sharpsmart Inc., US Ecology, Inc., Synergy World, BWS Incorporated, MedPro
Disposal, XMED Disposal, Inc., GRP & Associates, Medasend Biomedical, Inc.,
Medical Waste Pros. among others.
Major
Market Drivers and Restraints:
·
Vast amount of
healthcare waste generated
·
Rising government
initiatives
·
Rise in severe rules
imposed for emission, disposal, and recycling of hospital waste
·
Technological
innovations in reducing and recycling of the waste
·
Lack of awareness
about the health hazards associated with medical waste
·
Dearth of training for
proper disposal
Read more about the Medical Waste
Management Market Visit @ http://databridgemarketresearch.com/reports/global-medical-waste-management-market/
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