Press Releases
 
Medical Waste Management Market Opportunity will Rise to USD 22.3 Bn by 2025

Transparency Market Research Report Added "Medical Waste Management Market" to its database.

Albany NY, 6 December 2018 -- 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. Increase in incidence and prevalence of infectious and life style diseases, rapidly growing population, rise in healthcare expenditure, and adoption of novel technologies to treat the diseases are the major factors responsible for rise in the generation of medical waste.

The global medical waste management market is projected to reach USD 22.3 Bn by 2025 with the cumulative annual growth rate (CAGR) of over 5.1% from 2017 to 2025, according to a new report published by Transparency Market Research (TMR) “Medical Waste Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. The report suggests that rise in the generation of medical waste and stringent environmental and medical regulations across the regions are the factors expected to boost the market growth. North America will continue to be at the forefront of global demand, with the market in the region growing at above 4% through 2025 owing to highly stringent regulations governing disposal of medical waste especially sharps and infectious & pathological waste. Growing economy, initiatives by NGOs, and increasing awareness about the health risks associated with the improper management of medical waste are dominating factors expected to drive the market in Asia Pacific region in coming the coming years. Thus, the Asia Pacific medical waste management market is expected to witness significantly high growth rate during the period of 2017 to 2025.

Large quantity medical waste generators segment is expected to dominate the global market

The report offers detailed segmentation of global medical waste Management market based on nature of waste, waste type, and waste generator type, and service type. The non-hazardous medical waste segment is poised to account for leading share owing to high quantity of non-hazardous medical waste generated and similarly stringent regulations as that of hazardous waste for the disposal of it. According to WHO, 85% of the medical waste generated is non-hazardous in nature, however, it is not allowed to dispose in municipal landfills without prior treatment as there are still chances of mixing and contamination of non-hazardous waste with the hazardous waste at the site of waste generation. The hazardous medical waste is anticipated to grow at highest CAGR during the forecast period owing to increase in the number of surgical procedures resulting in the generation of waste sharps, rise in the aging population demanding various treatments, and increase in the research and development activities in pharmaceutical and biotechnology fields. In terms of waste generator types, the market is divided into large quantity medical waste generators and mid and small quantity medical waste generators. The large quantity medical waste generators dominates the global market owing to highest waste generated by this segment which includes hospitals and pharmaceutical & biotechnological companies. The mid and small quantity medical waste generators which includes clinics and physician’s offices, retail pharmacies, ambulatory surgical centers and long term care centers, laboratories, academic and research institutes, blood banks, and others (veterinary, mortuary and autopsy centers, home healthcare, military & government, nursing homes, tattoo parlor) are expected to witness highest CAGR during the forecast period owing to increasing number of procedures performed in these centers.

Request A Sample Copy @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2268

Growing preference to outsourcing of medical waste management is expected boost the market for off-site medical waste management services

Among the service type, the off-site medical waste management segment is expected to dominate the global medical waste management market owing to attractive packages offered by the leading service providers, increasing preference given to the off-site medical waste management owing to the high cost of on-site waste disposal which includes the cost of establishing medical waste disposal equipments, land cost, labor cost, and training cost; risk of non-compliance to the regulatory standards of medical waste disposal, and possible environmental hazards that may affect to the nearby population with the released toxic gases from the incinerators. Thus, the off-site medical waste management segment is expected to witness higher growth rate during the period of 2017 to 2025.

Growth of the Asia Pacific Medical waste management Market Likely to Be Hinged at China, India and Japan

In terms of value, North America is likely to continue its dominance in the global medical waste management market throughout the forecast period, owing to the stringent regulations for the medical waste management, highest awareness among the population regarding the safety and risk concerns related to the possible bio-hazards, and rise in per capita healthcare spending in the region. The Europe is the second dominating region in the global medical waste management market owing to presence of large number of pharmaceutical and biotechnology industries, increasing prevalence of lifestyle diseases such as diabetes, high blood pressure, and cancer among the population, and stringent regulations for the protection of environment.

Asia pacific is considered as an emerging market for medical waste management owing to initiatives by NGOs for the proper medical waste management, government enforcement, and growing economies to afford the waste management services. Moreover, rise in the medical waste generated per bed in the growing economies of the region such as China, Japan, India, and Australia are expected to lift the market up in the region. For instance, in richer countries like Japan, Australia and New Zealand, around 2.5 kg to 3.0 kg medical waste is produced per bed/day while countries like India, China, Pakistan, Singapore and Malaysia produce 1.0 kg to 2.0 kg per bed/day. However, low level of awareness regarding the risks associated with improper medical waste disposal; economic barrier in major countries, and lack of strict policies & guidelines are some major challenges needed to be dealt in the region.

Latin America and Middle East & Africa are expected to witness rapid growth in the global medical waste management market owing to rise in the generation of medical waste due to the factors such as increasing incidence and prevalence of various infectious and lifestyle diseases, increasing urbanization, changing lifestyles, and growing healthcare awareness. According to the website of the Encyclopedia of Earth, Latin America produces on an average 3 kg of medical waste per bed/day and Middle East produces in a range of 1 kg to 1.5 kg per bed/day. Several key players are aiming towards increasing their market penetration in these high growth potential regions which is likely to contribute towards the growth of global medical waste management market in Latin America and Middle East & Africa.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact Us

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email:

Website: https://www.transparencymarketresearch.com

# # #


Submitted by hawer on Thursday, 6 December 2018 at 7:46 PM
Category: Health Care & Medical
 
Related News

Promotion Tips for Plastic Surgery treatment
Friday, 14 Dec 2018

Global Pharma Excipients Market to Witness Growth by Top Vendors
Friday, 14 Dec 2018

Global Point-Of-Care Testing (POCT) Market Growing At A CAGR Of 9.4% During 2018 - 2025
Friday, 14 Dec 2018

Global Medical Microbiology Testing Technologies Market Booming with the Major Players
Friday, 14 Dec 2018

Global Latex Medical Disposables Market By Product - Latex Gloves, Latex Foley Catheters
Friday, 14 Dec 2018

Related Events

Advances in Inflammatory Bowel Diseases (AIBD) December 13-15, 2018
Thursday, 13 Dec 2018

Original Emergency Medicine Boot Camp
Thursday, 13 Dec 2018

2018 A4M World Congress | Las Vegas, NV
Thursday, 13 Dec 2018

The Heart Beat of Cardiology: Practical Application of Echocardiography
Thursday, 13 Dec 2018

Catalysis in the Fine Chemicals Industry
Friday, 14 Dec 2018

Latest News

3 Things You Should Check Before Choosing A Golf Course.
Saturday, 15 Dec 2018

Multifaceted Music Migration Gets Easy with MusConv.com
Saturday, 15 Dec 2018

The way to Obtain The top Home Repairs Service
Saturday, 15 Dec 2018

windows 10 product key pro
Friday, 14 Dec 2018

Leading Damage Restoration Company Shares its Emergency Water Restoration Tips To Reduce The Loss
Friday, 14 Dec 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Saturday, 15 December 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Advances in Inflammatory Bowel Diseases (AIBD) December 13-15, 2018
  • 2018 A4M World Congress | Las Vegas, NV
  • Original Emergency Medicine Boot Camp
  • The Heart Beat of Cardiology: Practical Application of Echocardiography
  • Palo Alto Networks: PALO ALTO NETWORKS NEXT GENERATION ULTIMATE TEST DRIVE

  • Latest Jobs
    Sorry, there are currently no entries posted here.