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Medical Waste Management Market Expected To Witness Substantial Growth At $33.4 Billion By 2025: Grand View Research, Inc.


"Grand View Research, Inc. - Market Research And Consulting.rn"
According to report published by Grand View Research, The global medical waste management market is expected to reach USD 33.4 billion by 2025. The development of innovative manufacturing techniques in pharmaceuticals, medical devices is growing with rapid pace. The rise in hospitals, multispecialty clinics and diagnostic centers that require large number of inventories for day to day functioning is also leading to generation of more waste.

According to a new report, “Medical Waste Management Market Analysis By Services (Onsite: Collection, Recycling, Treatment; Offsite: Collection, Recycling, Treatment), By Treatment (Incineration, Autoclaving, Chemical), And Segment Forecasts, 2018 - 2025" ,published by Grand View Research, Inc., The global medical waste management market is expected to reach USD 33.4 billion by 2025. The development of innovative manufacturing techniques in pharmaceuticals, medical devices is growing with rapid pace. The rise in hospitals, multispecialty clinics and diagnostic centers that require large number of inventories for day to day functioning is also leading to generation of more waste. Thus, overall growth in healthcare industry coupled with rising patient population requiring prolong medical and surgical aid is fueling the market growth.

Key Takeaways from the report:

  • The growing prevalence of infectious and chronic diseases coupled with overall growth of healthcare industry is augmenting the market growth

  • Most of the waste disposal treatments are performed offsite, however, to save cost and holding time, onsite treatment sites are expected to grow over the forecast period

  • The incineration segment accounted for the largest revenue share in 2016 however, other sophisticated non-incineration processes that are ecofriendly are projected to replace traditional incinerators

  • In 2016, North America dominated the global space with the largest revenue share of over 32.0% owing to growing healthcare industry and development of innovative techniques for disposal of material

  • Asia Pacific is expected to emerge as the fastest growing region during the forecast period, mainly due to growing social awareness regarding effective disposal and recycling.

  • Major players competing in the industry include but are not limited to Remondis Medison GmbH; Republic Services, Inc.; Sharp Compliance, Inc.; Stericycle, Inc.; Suez Environment, Inc.; Veolia Environment S.A.; Waste Management, Inc.

China medical waste management market, by treatment, 2014 - 2025 (USD Million)

China medical waste management market, by treatment, 2014 - 2025 (USD Million)

Rapid growth in initiatives by government to support and raise funds in effective waste management is anticipated to drive the market growth. These programs are conducted for creating awareness regarding the importance of systems for proper waste disposal. Additionally, taking steps to set standards and guidelines for the same is anticipated to propel the market growth.  

Have some specific queries about this report, our team of analyst will be glad to help!

The medical waste management involves high capital investment for managing hazardous by-products and disposal of infectious material. This disposal and recycling processes are associated with release of hazardous gases and compounds which may disturb the ecosystem and are likely to affect the industry growth.

Global medical waste management market by services, 2016 (USD Million)

Global medical waste management market by services, 2016 (USD Million)

Access complete Medical Devices Report Portfolio By Grand View research, Inc.

Grand View Research has segmented the medical waste management market by services, treatment and region:

Medical Waste Management Services Outlook (Revenue, USD Million; 2014-2025)

  • Onsite

    • Collection

    • Treatment

    • Recycling

    • Others

  • Offsite

    • Collecting, transportation, storage

    • Treatment

    • Recycling

    • Others

Medical Waste Management Treatment Outlook (Revenue, USD Million; 2014-2025)

  • Incineration

  • Autoclaving

  • Chemical treatment

  • Others

Regional Outlook (Revenue, USD Million; 2014-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Mexico

    • Brazil

  • MEA

    • South Africa

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com/

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/medical-waste-management-market



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