Aug 29, 2019 (Reporthive Research via COMTEX) — The global medical waste management market is expected to reach US$ 16,495.8 Mn in 2027 from US$ 10,563.2 Mn in 2018. The market is estimated to grow with a CAGR of 5.2% from 2019-2027.
Medical Waste Management Market report covers market share, size, CAGR, industry analysis, market strategy, statistical analysis, sales, revenue, key players, information on products and application, countries, forecast year 2019-2027. This report introduces market competition situation among the vendors and company profile, latest developments and business strategies.
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The major factors that are driving the growth of the market include increasing medical waste, initiatives undertaken for medical waste management and increasing number of patient admissions across the globe. However, lack of awareness about health hazards associated with medical waste is one of the major restraint refraining for the growth of the market to a certain extent.
The global waste management market based on treatment type is segmented into incineration, autoclaving, chemical treatment and others. In 2018, the incineration segment held a largest market share of 39.2% of the medical waste management market, by treatment type. This segment is also expected to dominate the market in 2027 as incineration is the most preferred technique used to destroy both hazardous and non-hazardous solids and liquid byproducts. Moreover, the same segment is also expected to grow at the fastest growth rate of 5.5% during the forecast period, 2019 to 2027.
The List of Companies: Medasend Biomedical Inc, Bondtech Corporation, Sharps Compliance Inc, Veolia, Clean Harbors Inc, Daniels Sharpsmart Inc , Stericycle, REMONDIS SE & Co KG , Republic Services Inc, Waste Management Inc
Some of the major primary and secondary sources included in the report for the Medical waste management Market are the World Health Organization, Occupational Safety and Health Administration (OSHA), Union Ministry of Environment, Forests and Climate Change (MoEF&CC), Pharmaceuticals and Medical Devices Agency (PMDA), Federal Commission for the Protection Against Sanitary Risks (COEFPRIS), Associated Chambers of Commerce & Industry of India (ASSOCHAM), and others.
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