San Francisco, Dec 06 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.
Browse full research report on Medical Waste Management Market:
www.grandviewresearch.com/industry-analysis/medical-waste-management-market
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: 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
- Collection
- Treatment
- Recycling
- Others
- Offsite
- Collecting,
transportation, storage
- Treatment
- Recycling
- 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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-medical-waste-management-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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