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Medical Waste Management Market is Expected to Register a Considerable Growth by 2025

on September 09 at 12:44 PM

 

SEP 09,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Medical Waste Management Market.

Medical Waste Management market is likely to witness an impressive CAGR of 5.6% during the forecast period. The market is witnessing significant growth on account of the growing geriatric and obese population along with the increasing volume of healthcare waste.

Medical waste management is the proper management and disposition of biomedical wastes to protect the environment, general public and workers, especially healthcare and sanitation workers who are at risk of exposure to biomedical waste as an occupational hazard.

Medical waste managements are of different types, such as hazardous and non-hazardous that are used for onsite and offsite treatments.

Segment Analysis

By Service Type

Based on the service type, the market is segmented as collection, transportation, and storage services; treatment & disposal services; and recycling services. The collection, transportation, and storage services segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment is triggered by the presence of stringent regulations for the collection, transportation, and storage of medical waste.

By Type of Waste

Based on the type of waste, the medical waste management market is segmented as hazardous and non-hazardous. The non-hazardous waste dominates the market, owning to the large quantity of non-hazardous waste generated in healthcare facilities across the globe which creates a significant focus on its effective management.

By Region

In terms of regions, North America is estimated to be the largest as well as the fastest-growing medical waste management market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the growing aging population and stringent regulations in this region.

Key Players:               

  • Veolia Environnement S.A.
  • Suez Environnement S.A.
  • Sharps Compliance, Inc.
  • Waste Management, Inc.
  • Clean Harbors, Inc.
  • Remondis Se & Co. Kg
  • Republic Services, Inc.
  • Biomedical Waste Solutions LLC
  • Daniels Sharpsmart Inc.
  • Ecomed Services.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Medical Waste Management Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

Customization of the Report:

This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.

You can mail our sales team at ([email protected]) and get in touch with us on +1-313-307-4176 to share your research requirements.

About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.


 

 

 

 

 

 

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