Healthcare

Global Medical Waste Management Market Is Driven By The Increasing Demands of Various Therapies and Geographical Regions- 2026

Global Medical Waste Management Market

 

Data Bridge Market Research has recently added a concise research on Global Medical Waste Management Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.

 

Analysis of Global Medical Waste Management Market report:

Global Medical Waste Management Market will cross USD 29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017. The market is growing at a CAGR of 5.4% in the forecast period 2018 to 2025

 

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Definition:

The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, eco-friendly waste management procedures and growing government initiatives. On the other hand lack of awareness about health hazards and lack of skilled professionals for proper disposal may hinder the growth of the global medical waste management market.

 

Key Drivers: Global Medical Waste Management Market

The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, eco-friendly waste management procedures and growing government initiatives. On the other hand lack of awareness about health hazards and lack of skilled professionals for proper disposal may hinder the growth of the global medical waste management market.

 

Global Medical Waste Management Market Segmentation:

  • The global medical waste management market is segmented based on type of waste into two notable segments; hazardous waste and non-hazardous waste. In 2018, non-hazardous segment is estimated to rule with 85.9% shares and will cross USD 25,645.52 million by 2025, rising at the CAGR of 5.5%. Hazardous waste is sub segmented into infectious & pathological waste, pharmaceutical waste, sharps and others.
  • The global medical waste management market is segmented based on service type into four notable segments; collection, transportation and storage, treatment and disposal, recycling and others. In 2018, collection, transportation and storage is estimated to rule with 64.2% shares and will cross USD 18,893.89 million by 2025, rising at the CAGR of 5.3%. However, recycling is expected to grow at the highest CAGR of 6.1% in the forecast period, and is expected to reach USD 1,963.38 million in 2025 from USD 1,293.16 million in 2017
  • The global medical waste management market is segmented based on treatment type into six notable segments; incineration, autoclaving, chemical treatment, irradiative, biological and others. In 2018, Incineration segment is estimated to rule with 60.4% shares and will cross USD 18,342.10 million by 2025, rising at the CAGR of 5.8%.
  • The global medical waste management market is segmented based on treatment site into two notable segments; offsite and onsite. In 2018, offsite segment is estimated to rule with 80.8% shares and will cross USD 24,147.11 million by 2025, rising at the CAGR of 5.5%. Offsite service type is sub segmented into collection, transportation and storage, treatment and disposal, recycling and others. In 2018, collection, transportation, & storage segment is estimated to rule with 66.5% shares and will cross USD 15,949.86 million by 2025, rising at the CAGR of 5.4%. However, recycling is expected to grow at the highest CAGR of 6.2% in the forecast period, and is expected to reach USD 1,557.88 million in 2025 from USD 971.03 million in 2017. Onsite service type is sub segmented into collection, treatment & disposal, recycling and others. In 2018, collection segment is estimated to rule with 52.6% shares and will cross USD 2,848.23 million by 2025, rising at the CAGR of 4.7%. However, recycling is expected to grow at the highest CAGR of 5.6% in the forecast period, and is expected to reach USD 682.91 million in 2025 from USD 445.02 million in 2017
  • The global medical waste management market is segmented based on category into two notable segments; controlled and uncontrolled. In 2018, controlled segment is estimated to rule with 90.2% shares and will cross USD 26,954.98 million by 2025, rising at the CAGR of 5.5%.
  • The global medical waste management market is segmented based on source of generation into five notable segments; hospitals, physician offices, clinical laboratories, manufacturers and reverse distributors. In 2018, hospitals segment is estimated to rule with 63.9%shares and will cross USD 19,303.02 million by 2025, rising at the CAGR of 5.7%.
  • Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

 

Focus of the report

  1. CAGR values in the market for the forecast period
  2. Key trends in the market place
  3. Major players and brands
  4. Historical and current market size and projection up to 2026.
  5. Detailed overview of parent market
  6. Changing market dynamics of the industry

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  • The latest developments, market shares, and strategies that are employed by the major market players

 

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