Healthcare
Medical Waste Management Market is Expected to Reach $16.35 Billion by 2023.
According to the new market research report by IndustryARC titled “Medical Waste Management Market By Waste Type (Biomedical, Cytotoxic, Pharmaceutical, Genotoxic, Radioactive); By Treatment Technology (Thermal, Irradiative, Biological, Mechanical) - Forecast (2018-2023)”, the market is driven by growing number of healthcare facilities.
North America dominates the Medical Waste Management Market
North America is expected to reach revenue of $6077.07 million by 2023 at a CAGR of 5.1%. The reason for this growth in the region is due to large amount of medical waste produced and effective management of the waste with the use of advanced technologies. Hospitals have a major share in the market due to the amount of hazardous waste generated per day. In the US, many organisations provide services to the healthcare facilities. The government has been levelling fines on such hospitals in the region, if the infection rate is high. This factor increases more number of companies in the market.
Selected Analysis done in the Medical Waste Management Market Report:
The incineration segment had revenue of $3,851 million in 2015. It is expected to reach $5,627 million by 2023 at a CAGR of 4.3%. Incineration is defined as the process of burning waste materials which are hazardous, at higher temperatures for eliminating contaminants. In this process, toxic elements are burnt and the ash is disposed into landfills. In the autoclave process, heat and pressure are applied within closed chambers to sterilize medical equipment. This process destroys the microorganisms, and the medical waste is disposed in the landfills.
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Excerpts on Market Growth Factors
- Governments of different countries have proposed strict regulations for recycling and disposal. These regulations will drive the demand for waste segregation.
- There is a growing demand for non-incineration technologies which are cost effective and environmental friendly. This factor drives the demand for Medical Waste Management Market.
- Growth of ageing population and rise in the healthcare facilities will enhance the growth of safe waste management.
- Medical Waste Management Market Analysis By Type
- Incineration
- Autoclave
- Chemical disinfection
- Medical Waste Management Market Forecast By Application
- Hospitals
- Pharmaceuticals
- Medical Waste Management Market Share by Geography (covers 11+ countries)
- Medical Waste Management Market Entropy
- STERYCYCLE
- SHARPS COMPLIANCE, INC.
- SUEZ ENVIRONMENT
- DANIELS SHARP SMART INC.
- XMED DISPOSAL INC.
- CLEAN HARBORS, INC.
- VEOILIA ENVIRONMENT
- REPUBLIC SERVICES
- ADVANCED DISPOSAL SERVICES INC.
- TRINOVA MEDICAL WASTE SOLUTIONS, LLC
- BONDTECH CORPORATION
- MEDASEND BIOMEDICAL, INC.
- BIOPRO,LLC
- UNITED MEDICAL WASTE MANAGEMENT
- GRP& ASSOCIATES
- Company 16
- Company 17
- Company 18
- Company 19
- Company 20+
- Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
- Market trends & Relevant Market Data 12. Country level Analysis
- Manufacturer Landscape 13. Competitor Analysis
- Distributor Landscape 14. Market Shares Analysis
- Pricing Analysis 15. Value Chain Analysis
- Top 10 End user Analysis 16. Supply Chain Analysis
- Product Benchmarking 17. Strategic Analysis
- Product Developments 18. Current & Future Market Landscape Analysis
- Mergers & Acquisition Analysis 19. Opportunity Analysis
- Patent Analysis 20. Revenue and Volume Analysis
- Does IndustryARC publish country or application based reports in Medical Waste Management segment?
- Medical Waste Management Market Analysis (2018-2023)
- North America Medical Waste Management Market Share (2018-2023)
- Europe Medical Waste Management Market Growth (2018-2023)
- Asia Pacific Medical Waste Management Market (2018-2023)
- Hospitals Medical Waste Management Market Forecast (2018-2023)
- Pharmaceuticals Medical Waste Management Market (2018-2023)
- Does IndustryARC provide customized reports and charge additionally for limited customization?
- Increase the level of data in application or end user industry.
- Increase the number of countries in geography chapter.
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