- Street: Omkar Heights,, Sinhagad Road,, Manik Baug, Vadgaon Bk,
- City: Pune
- State: Maharashtra
- Country: India
- Listed: February 9, 2019 5:57 am
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Global Medical Waste Management Market services (treatment, disposable, and recycling.), by type of medical waste (biohazardous, non-hazardous, sharps, pharmaceutical, radioactive, and others.), by services site (onsite services, and offsite services.), by treatment (incineration, autoclaving, chemical treatment, and others.), by waste generator (hospitals, clinics, ambulatory surgical centers, pharmaceutical companies, biotechnology companies, and others.) by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is expected to reach US$ 17.6 Bn by 2026, at a CAGR of 5.58% during a forecast period.
The major driving factors of global medical waste management market are growing of government and non-government hospitals, rapid urbanization, growing number of aging population & increase of chronic disease, increase in awareness about medical waste in developing countries, government rules & regulation towards waste management.
The requirement for huge capital investments, because of the need for high-value machinery and new technology equipment, lack of awareness of medical waste & their impacts on humans & environment, inadequate funds to manage medical waste, and insufficient knowledge to dispose of medical waste is a major restraining factor for the medical waste management market growth.
North America is dominating and contributed the leading shares to the medical waste management system market in terms of revenue and expected to register a significant growth over a forecast period.
North America is dominating and contributed the leading shares to the medical waste management system market in terms of revenue and expected to register a significant growth over a forecast period due to the rising patient populations & the stringent rules and regulations by the government bodies in the region. Europe is also expected to contribute to moderate revenue market share and register a healthy growth rate in the global medical waste management system market followed by North America. Asia-Pacific is expected to witness the highest growth rate during the forecast period, due to the rising social awareness and establishment of stringent regulations for the proper disposal of medical residues as well as by-products.
The global medical waste management system market is expected to register a significant CAGR over a forecast period.
The global medical waste management system market is expected to register a significant CAGR over a forecast period due to the increasing awareness about the benefits of a dedicated medical waste management system for the disposing, recycling and treatment of waste, is anticipated to boost the growth of the global medical waste management system market. The increasing initiatives by the regulatory authorities & the stringent rules and regulations regarding medical waste management systems are also expected to boost the growth of the medical waste management systems over the forecast period. The increasing medical waste due to the rising geriatric population along with the increasing prevalence of infectious & chronic diseases is also anticipated to propel the growth of the global medical waste management system market over the forecast period.
The key players operating in the global medical waste management market are BioMedical Waste Solutions, LLC, Suez Environment, Stericycle, Republic Services, Daniels Sharpsmart Inc., Remondis Ag & Co.Kg, Veolia Environnement S.A., XMED Disposal, Inc., American Ecology Corporation, Suez Environnement S.A, Remondis AG & CO. KG, Radiancy, Inc, Bondtech Corporation, BWS, Inc. ,Cleanaway Waste Management Limited, Daniels Health USA, Gamma Waste Systems, Hawaii Bio-Waste Systems, Inc., MedWaste Management, REMONDIS Medison GmbH, San-I-Pak Pacific, Inc., Sharps Compliance, Inc., STI BioSAFE., SUEZ Recycling & Recovery Pty Ltd., The Mark-Costello Co., Veolia Environmental Services, Waste Management, Inc., and Clean Harbors, Inc.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global medical waste management market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry eco application, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global medical waste management market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global medical waste management market positioning of competitors.
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