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Precise Study on Global Medical Waste Management Market Displays Revenue to Reach over US$ 22 Billion by 2025

The global medical waste management market was valued at over 10 Bn in 2016 and is expected to expand at the CAGR of above 5% during the forecast period of 2017 to 2025.


Albany, NY -- (SBWIRE) -- 04/16/2018 -- Large medical facilities produce a large amount of medical waste in just one day. This waste remains an issue both for public health and the environment. Therefore, stringent environmental and medical regulations across the regions are increasing the demand for medical waste management and boosting the market growth rapidly. A new study titled "Medical Waste Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been broadcasted to the wide repository of Market Research Hub (MRH), which presents a complete perspective on global market's evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn). The readers will further gain access to vital information about current trends and future suggestions of the market across various geographies. Some of the prime regions highlighted in the study are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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As the name implies, medical waste refers to the hazardous waste material generated as a result of healthcare activities. Increase in incidence and prevalence of infectious and lifestyle diseases, rapidly growing population, the rise in healthcare expenditure, and adoption of novel technologies to treat the diseases are the major factors responsible for rising in the generation of medical waste. To overcome this issue, initiatives by governments and non-government organizations (NGOs) has been growing and technological advancements in the methods of waste disposal are expected to drive the medical waste management market growth during the forecast period. According to the research evaluations, the global medical waste management market was valued at over 10 Bn in 2016 and is expected to expand at the CAGR of above 5% throughout the forecast 2025.

Further, it has been analyzed that North America dominates the global medical waste management market due to maximum use of biomedical technologies and products, rapidly aging population, increasing healthcare expenditure, highest awareness about safety and security of the public health and environment.

For a clear understanding, the report includes an in-depth analysis of the market by categorizing into key segments such as nature of waste, waste types, waste generator type, types of services provided by the key players. By nature of waste, the market has been segmented into non-hazardous medical waste and hazardous medical waste. In terms of waste type, the global medical waste management market has been segmented into sharps, infectious & pathological waste, radioactive waste, pharmaceutical waste, and non-infectious waste. The report states that among the various service type, the off-site medical waste management segment is predictable to govern the medical waste management market owing to attractive packages offered by the leading service providers.

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At last, the report covers detailed competitive outlook that contains market share and profiles of key players functioning in the global market for medical waste management. The sections highlight key players, such as Sharps Compliance, Inc., CLEAN HARBORS, INC., BioMedical Waste Solutions, LLC., US Ecology, Inc., Republic Services, Inc., Stericycle, Waste Management, Inc., Veolia, Daniels Health, and BWS Incorporated.

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