Dublin — According to a new market study, the global medical waste management market is projected to reach US-Dollar 14.6 billion by the end of 2021, growing with a CAGR of 5.4 percent from 2016 to 2021. These waste materials are generated at clinics, bloods banks, clinics, laboratories and more.
The emergence of medical waste management solutions have played a key role in preventing 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 emit zero toxic emissions, fumes & gases enabling repurposing of waste into resources.
There are numerous factors driving, restraining and generating opportunities for the world medical waste management market. Rising concerns over employing eco-friendly and safe waste management and treatment process is likely to drive the market in years to come.
In addition, the growing healthcare industry would generate more medical waste thereby, generating opportunity for the market. However, lack of awareness about the health hazards associated with medical waste, lack of training for proper disposal coupled with inadequate funds have hindered market growth of world medical waste management.
The „Global Medical Waste Management Market: Trends Analysis & Forecasts to 2021“ report is now offered by Research and Markets.
The report segments the global Medical Waste Management market by type of waste, service type, treatment type, treatment site, and region. Based on type of waste, the medical waste management market is segmented into non-hazardous and hazardous waste. Hazardous waste segment is further categorized into infectious and pathological waste, sharps, pharmaceuticals, and other medical wastes. The medical waste management market, by services, is segmented into collection, transportation, and storage, treatment and disposal, recycling, and other services. The medical waste management market, by treatment type, is segmented into incineration, autoclaving, chemical treatment, and other treatments. The medical waste management market, by treatment site, is segmented into offsite and onsite treatment.
The companies covered in the report include BioMedical Waste Solutions, LLC (U.S.), Clean Harbors, Inc. (U.S.), Daniels Sharpsmart, Inc. (U.S.), Remondis Medison GmbH (Germany), Republic Services, Inc. (U.S.), Sharps Compliance, Inc. (U.S.), Stericycle, Inc. (U.S.), Suez Environnement S.A. (France), Veolia Environnement S.A. (France), and Waste Management, Inc. (U.S.).
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of Medical Waste Management globally as well as regionally. Moreover, the Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of Medical Waste Management.
More information can be found under researchandmarkets.com.
Source: Business Wire / Research and Markets