The medical waste management market is expected to reach USD 13.3 billion by 2020 from USD 10.3 billion in 2015, at a CAGR of 5.2%.
Pune (PRWEB) September 02, 2015
The medical waste management market is expected to reach USD 13.3 billion by 2020 from USD 10.3 billion in 2015, at a CAGR of 5.2%. The global medical waste management market is segmented based on type of waste, services, treatment type, treatment site, and geography. The treatment and disposal segment is expected to register the highest growth rate in the medical waste management market, by service, during the forecast period. The high growth in this segment is attributed to the increasing government initiatives for the disposal of medical waste. Check 97 market tables and 34 figures spread through 157 pages on "Medical Waste Management Market" at http://www.rnrmarketresearch.com/medical-waste-management-market-by-sector-hospital-pharmaceutical-service-collection-transportation-storage-treatment-disposal-recycling-treatment-technology-mechanical-thermal-chemi-market-report.html .
Major factors contributing to the growth of the medical waste management market include increasing initiatives by regulatory authorities for improving medical waste management services, rising aging population, the increasing number of conferences and symposia, and the generation of large amounts of medical waste. Furthermore, government support in the form of funding is another major factor driving the growth of this market. For instance, in December 2014, the United Nations Development Programme (UNDP), the Global Environment Facility (GEF), and the Government of South Korea together invested USD 4 million for providing medical waste treatment equipment such as autoclaves to Ebola-affected countries. The outsourcing of medical waste management services and technological advancements has opened an array of opportunities for the growth of the medical waste management market. However, high capital investment is expected to restrain the growth of this market.
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Apart from comprehensive geographic and product/service analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market. The above-mentioned market research data, current market size, and forecast of future trends will help key market players and new entrants to make the necessary decisions regarding service offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the market. Some of the companies present in the Medical Waste Management Market include Stericycle, Inc., Suez Environnement S.A., Veolia Environnement S.A., Clean Harbors, Inc., Republic Services, Inc., Biomedical Waste Solutions, Llc., Remondis Medison (A Subsidiary of Remondis Ag & Co.Kg), Sharps Compliance, Inc., Waste Management, Inc. and Daniels Sharpsmart Inc. This is a premium research report priced at US$ 4650 for single user PDF license. Inquire for discount on this research at http://www.rnrmarketresearch.com/contacts/discount?rname=118305 .
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