Global Medical Waste Management Market Manufacturers, Suppliers and Export Research Report and Forecast to 2025

2018-05-08 12:39:15

Medical Waste Management: Assistance in keeping eco-friendly environment


Market Overview

According to a new report published by Reports Monitor titled, “Medical Waste Management Market by Waste Type, Service, Treatment Type and Treatment Site: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the medical waste management market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. 


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Growing prevalence of various infectious & chronic diseases and technological advancement in healthcare facilities has proportionally increased the amount of medical waste getting generated. Therefore it demands the effective management trick to dispose the waste in order to prevent the spread of disorders and negative impact on surrounding environment. Medical waste management is process of monitoring the generation, handling, storage, treatment and disposal of medical waste. As per Turkish Statistical Institute average amount of medical waste generated per patient was 0.20kg while total amount of waste collected was 68929 thousand tonnes in the year 2012.

 

Growing concern associated with eco-friendly & safe waste management and disposal process is anticipated to fuel the growth of the market. Increasing geriatric populations, various disorders, and improved healthcare sector is producing waste in huge quantity leading the market growth.  In addition development and adoption of advanced techniques for effective treatment, disposal and recycling of hazardous materials is further boosting market growth. However, improper understanding of waste disposal techniques and need for huge capital investment for establishment of separate facility might affect the growth of the market. 

 

North America medical waste management market is driven by increasing predominance of chronic disorders that demands advanced treatment alternatives generating large amounts of bio-medical waste. According to CDC, 86% of the nation’s $ 2.7 trillion annual healthcare expenditures are for people with chronic and mental illness. Additionally, growing geriatric population and advancement in healthcare sector act in favour of market growth. 


The global medical waste management market is segmented on the basis of type, service, treatment type, treatment site and region. Considering type of waste generated market is separated into hazardous waste and non-hazardous waste.  Hazardous waste further classified into infectious & pathological waste, sharps, pharmaceutical waste and others. Based on services, the market is divided into collection, transportation & storage, treatment & disposal, recycling and other services. Depending upon treatment type, the market is split into incineration, autoclaving, chemical treatment and others. According treatment site market is divided into onsite treatment and offsite treatment. 

Competitive Landscape

Major players running in the market are Clean Harbors, Inc., REMONDIS Medison GmbH, BioMedical Waste Solutions, LLC, Sharps Compliance, Inc., Republic Services, Inc., Daniels Sharpsmart, Inc., Stericycle, Inc., Veolia Environnement S.A., Waste Management, Inc. and Suez Environnement S.A.


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