Global Medical Waste Management Market by Pollutant type, Product, End User 2025


Posted September 28, 2018 by kunalraut

Global Medical Waste Management Market will cross USD 29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017.

 
Market Analysis:
Global Medical Waste Management Market will cross USD 29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017. The market is growing at a CAGR of 5.4% in the forecast period 2018 to 2025.
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Drivers: Global Medical Waste Management Market
The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, eco-friendly waste management procedures and growing government initiatives. On the other hand lack of awareness about health hazards and lack of skilled professionals for proper disposal may hinder the global medical waste management market.
Segmentation: Global Medical Waste Management Market
By Type of Waste
• Hazardous Waste,
• Non-Hazardous Waste
Service Type
• Collection,
• Transportation,
• Storage,
• Treatment & Disposal,
• Recycling,
Treatment Type
• Incineration,
• Autoclaving,
• Chemical Treatment,
• Irradiative,
• Biological,
Treatment Site
• Offsite,
• Onsite
Category
• Controlled,
• Uncontrolled
Source of Generation
• Hospitals,
• Physician Offices,
• Clinical Laboratories,
• Manufacturers,
• Reverse Distributors
Geography
• North America,
• South America,
• Europe,
• Asia-Pacific,
• Middle East and Africa

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Growing Healthcare Industry
The healthcare industry has become the prime sector in the terms of revenues and employment. This sector comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, and health insurance. According to Health Carousel, in the U.S, the healthcare profession is set to become one of the biggest and fastest-growing sectors. According to the Bureau of Labour Statistics, the fastest employment growth in between 2014-2024 is estimated in healthcare
Indian healthcare sector is growing at a balanced pace due to its improved coverage system, services and growing expenditure by public as well private players. The private and public are the two major components of Indian healthcare delivery system. Medical sector is growing lucratively in India as it is cost competitive when compared to Asian and Western countries
Hospitals are the prime growing segment in the healthcare sector. Moreover, Hospitals are the leading medical waste generating entity. The medical wastes produced in any form have to be managed to lower the risks of spreading or epidemic of diseases. The expansion in hospitals, specialized clinics and diagnostic centers require huge number of inventories for day to day functioning. This might lead to production of more waste. Therefore, overall growth in healthcare industry coupled with rising patient populace requiring prolong medical and surgical help is driving the market to grow
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Major Players: Global Medical Waste Management Market
Some of the major players operating in this market are
• Stericycle,
• SUEZ,
• CLEAN HARBORS INC.,
• Veolia,
• BioMedical Waste Solutions,
• LLC,
• REMONDIS AG & Co. KG.,
• Sharps Compliance, Inc.,
• Waste Management, Inc.,
• Daniels Sharpsmart and Triumvirate Environmental among others.
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Last Updated September 28, 2018