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Medical Waste Management Market 2015 Share, Scope, Trends and Forecast to 2019

Global medical waste management market to grow at a CAGR of 5.35% over the period 2014-2019.


Deerfield Beach, FL -- (SBWIRE) -- 07/21/2015 -- Global Medical Waste Management Market 2015-2019

About Medical Waste Management

Healthcare waste includes waste generated within healthcare facilities such as hospitals, research centers, and laboratories related to medical procedures. It includes waste generated from minor sources such as self-administration of insulin, home dialysis, and recuperative care. Medical waste management is essential to protect the general public, environment, workers, especially sanitation and healthcare workers, who are at high risk of exposure to medical waste as an occupational hazard. The medical waste management involves various steps such as generation, accumulation, storage, handling, transport, treatment, and disposal.

Global medical waste management market to grow at a CAGR of 5.35% over the period 2014-2019.

Improved cost-containment strategies of healthcare facilities is a key trend that is expected to drive market growth in the global medical waste management market. Many hospitals are now evaluating their departments and developing effective plans to manage water, energy, and waste. The recent reduction in federal reimbursements have helped healthcare facilities to optimize the sustainability of their operations and to improve their cost-cutting strategies.

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Covered in this Report

This report covers the present scenario and the growth prospects of the global medical waste management market for the period 2015–2019. The market can be divided into two segments based on medical waste generation sources: large quantity generators and small quantity generators. To calculate the market size, the report considers the revenue generated from the two waste generation sources.

Global Medical Waste Management Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the global medical waste management market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

This market is expected to grow rapidly as a result of the increased use of consumables. These consumables increase the amount of medical waste and provide huge growth opportunities for consumable manufacturers and medical waste management companies. Additionally, environmental and government regulations ensure that the disposal of medical waste is of high priority, which in turn positively affects the business interactions of vendors.

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"Most healthcare settings worldwide are focusing on preventive strategies to reduce the significant economic burden related to in-patient hospital admissions. Early diagnosis and the regular screening of diseases are two important initiatives that contribute to preventive medicine,".

"A rise in public awareness about preventive healthcare, along with the growing preference for minimally invasive surgeries, helps reduce overall healthcare expenditures."

To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.