Medical Waste Management Market Overview :
Medical waste management are all the activities and actions required to manage waste from its inception to its final disposal. Medical centers including hospitals, clinics and places where diagnosis and treatment are conducted generate wastes that are highly hazardous and put people under risk of fatal diseases. Proper management of regulated medical waste generated in healthcare facilities and commercial businesses is critical not only to avoid regulatory fines but also to prevent the spread of infectious diseases. Medical waste management solutions treat waste dependably by assuming environment friendly management procedures. These managements are ecofriendly and emit zero toxic emissions, gases & fumes allowing to recycle of waste into resources. Rising number of creativities taken by non-government and government organizations for the proper disposal of medical waste, this attributed for high growth of the medical waste management market.
The factor driving the growth of the medical waste management market are rapid rise in aging population, development of advanced manufacturing techniques for drugs & medical appliances in the pharmaceuticals industries and increasing initiatives by government authorities. In addition, advancement of technological innovations and non-hazardous methods that helps in reducing and recycling of the waste to a huge amount is fueling the market growth. However, requirement of high capital investments and lack of strict regulations in emerging countries may hinder the growth of the market. Moreover, outsourcing of medical waste management services and growing healthcare industry would generate more medical waste markets might provide with several growth opportunities in the forecasted year.
The global medical waste management market is segmented on the basis of type, treatment, service, treatment site and geography. By type, the segment includes hazardous and non – hazardous. Treatment segment is bifurcated into chemical treatment, autoclaving, incineration and other treatments. The service segment is categorized into recycling, disposal, collection, transportation & storage and other services. Furthermore, treatment site is classified into onsite and offsite.
Based on geography, global medical waste management marketis segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include REMONDIS SE & Co. KG, Sharps Compliance, Inc., BioMedical Waste Solutions, LLC., Daniels Sharpsmart., Waste Management, Inc., CLEAN HARBORS, INC., Stericycle, Veolia, Daniels Sharpsmart, Republic Services, Inc., among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Medical Waste Management Market with respect to major segments such as type, treatment, service, treatment site and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Medical Waste Management Market has been included in the report
- Profile of the key players in the Global Medical Waste Management Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Medical Waste Management Market
- Non – Hazardous
- Chemical Treatment
- Autoclaving, Incineration
- Other Treatments
- Collection, Transportation & Storage
- And Other Services
Treatment Site Segments
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East