The medical waste management market was valued at USD 14,541.5 million in 2012 and is expected to reach USD 20,130.1 million in 2019, growing at a CAGR of 4.8% during the forecast period 2013 to 2019.
Albany, NY -- (SBWIRE) -- 04/29/2016 -- The report on medical waste management market analyzes the current as well as future prospects and various facets of the market in detail. Healthcare industry serves population of a country/region by protecting health of individuals and saving lives of many. However, while doing so they generate a lot of waste which entails risk to people. As the healthcare industry is rapidly growing across the globe, there will be increasing is an over increasing need for medical waste management and the service providers in the market will witness attractive market opportunities than ever. For the research on this topic, we conducted in-depth interviews and discussions with a wide range of key opinion leaders within medical waste management market, which was supplemented by extensive secondary research.
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The market assessment and forecast in terms of revenue (USD million) for each segment of medical waste management have been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (CAGR %) for the global medical waste management market and each sub-segment, for the forecast period 2013 to 2019. Growth rates for each segment within the global medical waste management market have been determined after thorough analysis of past trends, demographics, future trends, technological developments, regulatory requirements.
The market for global medical waste management has been categorized into three major segments, namely, collection, processing and disposal, on the basis of activity type. According to our estimates, in 2012, the collection segment accounted for largest share in the global medical waste management market while the processing segment is expected to grow at a faster pace than other segments. Simultaneously, considering the amount of medical waste generated, the overall medical waste management market has also been segmented into large quantity generators (LQGs) and small quantity generators (SQGs). The market for medical waste management is being presently propelled by increasing business from small quantity generators (SQGs).
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In terms of geographical distribution, the global medical waste management market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). The major market in the overall global medical waste management market includes North America and Europe. Several regulations, legislations, government policies and directives in these regions are contributing to the growth of global medical waste management. The market in the Asia-Pacific is expected to grow particularly due to opportunities in the countries like Japan, Australia and New Zealand. Along with the overall medical waste management market, the report also studies the market size and forecast for each segment with respect to all four regions, for the period 2011 to 2019 along with the CAGR (%) for the forecast period 2013 to 2019. The study also includes qualitative analysis of the competitive scenario and governmental regulations in these regions. In the market overview section of the report on medical waste management market, a detailed qualitative analysis of the major market dynamics such as drivers, restraints and opportunities, along with Porter's five forces analysis and market attractiveness analysis have been discussed. The market attractiveness analysis provides information on attractive market segments in mature and new markets. The section also comprises of a qualitative analysis of market shares of key players of medical waste management market. The study also suggests a list of recommendations that is likely to help service providers in decision making process.
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The report concludes with the company profiles of key players operating in the global medical waste management market. These players include Stericycle, Inc., Waste Management, Inc., Republic Services, Inc., Veolia Environnement SA, Suez Environnement SA, US Ecology, Inc. and Clean Harbors, Inc.
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