Covid Impact Medical Waste Management Market is projected to register growth and reach USD 19.5 Billion with a CAGR of 5.3% within the study period.
MEDICAL WASTE MANAGEMENT MARKET: Summary
The Global Medical Waste Management Market is projected to register growth and reach USD 19.5 Billion with a CAGR of 5.3% within the study period.
Medical waste or healthcare waste can be termed as any kind of the waste material generated at the time of medical procedures, diagnosis, treatment or research carried on human or animals. Source of medical waste generation ranges from blood banks, dental clinics, medical laboratory, research facilities to hospitals and diagnostic centers. Medical waste management including procedures or services including the collection, handling, disinfection/sterilization, and disposal of the waste in order to eradicate any chance of infection.
Get Sample Copy of This Report @
https://www.forencisresearch.com/medical-waste-management-market-sample-pdf/
MEDICAL WASTE MANAGEMENT MARKET: Drivers & OPPORtunity
Market Driver:
- Growth in Infectious Diseases
Growing healthcare industry leads to the production of medical waste resulting in adverse health effects. The outbreak of the infectious diseases creates an enormous burden on both, public health as well as economic stability. Such diseases contribute to the leading cause of death and disability worldwide hampering health and human progress. Rapid rise in the prevalence of tuberculosis, influenza, diphtheria, HIV/AIDS and some zoonotic diseases. The World Health Organization (WHO) reveals that it is one of the leading cause of death worldwide. It further stated that in 2018, approximately 1.5 million died from tuberculosis (TB), and around 10 million of the global population suffered by TB, including 5.7 million men, 3.2 million women and 1.1 million children. The demand for medical waste management market gained a rapid pace owing to the outbreak of SARS-CoV-2 virus (COVID-19). With the high transmission rate of the COVID-19, the need for appropriate waste management becomes vital. Thus, the prevalence of infectious diseases is expected to drive the market growth.
Market Restraint:
- High Set Up Cost
Appropriate disposal of the healthcare waste requires specialized set up which can disinfect and then dispose of the hazardous waste. It includes incinerators equipped with automatic loading and de-ashing system. Construction of the medical waste incineration plant includes the cost of the land, site preparation, architectural and legal fees. The cost further adds expenditure related to waste storage room, incinerator building, water collation trucks, storage charges and another equipment cost. Due to hidden cost and the relatively high price of the incinerators, the overall set up cost of the medical waste management rises. Abovfementioned factors are projected to hamper medical waste management market growth up to a certain extent .
Request for Methodology of This Report @
https://www.forencisresearch.com/medical-waste-management-market-request-methodology/
MEDICAL WASTE MANAGEMENT market: Key segments
- Segmentation based on form of waste: Hazardous and Non-Hazardous
- Segmentation based on waste source: Medical Institutes, Dental Clinics, Veterinary Clinics, Nursing Home, and Others
- Segmentation based on service: Collection and Segregation, Storage and Transportation and Treatment and Disposal
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
KEY Companies Covered
- Stericycle (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Veolia
- BWS Incorporated
- MEDPRO Disposal, LLC
- CNIM Group
- Waste Management Inc.
- Daniels Health
- REMONDIS SE & Co. KG
- BioMedical Waste Solutions, LLC
- Clean Harbors Inc.
- Republic Services, Inc.
- BioServ, Inc.
- EcoMed
- Sharps Compliance, Inc.
- GRP & Associates, Inc.
- Gamma Waste Services
- Other Key Companies
Consult with Analyst @
https://www.forencisresearch.com/medical-waste-management-market-consult-with-an-analyst/
MEDICAL WASTE MANAGEMENT MARKET: report segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Medical Waste Management Market, by Service
- Collection and Segregation
- Storage and Transportation
- Treatment and Disposal
Medical Waste Management Market, by Form of Waste
- Hazardous
- Pathological Waste
- Pharmaceutical Waste
- Genotoxic Waste
- Radioactive Waste
- Non-Hazardous
Medical Waste Management Market, by Waste Source
- Medical Institutes
- Dental Clinics
- Veterinary Clinics
- Nursing Home
- Others
Medical Waste Management Market, by Region
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Rest of Asia-Pacific
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Belgium
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Peru
- Chile
- Rest of South America
Customize this Industry Analysis @
https://www.forencisresearch.com/medical-waste-management-market-custome-research/
Table of Content
- INTRODUCTION
- Research Objectives
- Market Definition
- Research Scope
- Regional Coverage
- Research Timeline
- Assumptions
- Limitations
- RESEARCH DESIGN & SCOPE
- Introduction
- Primary Research
- Key Industry Expert Insight
- Secondary Research
- Vital Data from Secondary Sources
- Market Size Estimation
- Data Validation & Triangulation
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- Introduction
- Drivers
- Growth in Infectious Diseases
- Increasing Prevalence of Surgeries
- Hazards Associated with Medical Waste
- Strict Mandates On Appropriate Medical Waste Disposal and Management
- Restraint
- High Set Up Cost
- Opportunities
- Adoption of Advanced Disposal Technologies
- Internet-Of-Things in Waste Management
- Challenges
- Low Awareness and Inadequate Training
- INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
- Introduction
- Power of Buyers
- Power of Suppliers
- Intensity of Competition
- Challenges of Substitutes
- Challenges of New Entrants
- Macro-Economic Indicators
- GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY SERVICE, Market Size in USD Million (2019–2027)
- Introduction
- Collection and Segregation
- Storage and Transportation
- Treatment and Disposal
- GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY FORM OF WASTE, Market Size in USD Million (2019–2027)
- Introduction
- Hazardous
- Pathological Waste
- Pharmaceutical Waste
- Genotoxic Waste
- Radioactive Waste
- Non-Hazardous
- GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY APPLICATION, Market Size in USD Million (2019–2027)
- Introduction
- Medical Institutes
- Dental Clinics
- Veterinary Clinics
- Nursing Home
- Others
- GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY REGION, Market Size in USD Million (2019–2027)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Peru
- Chile
- Rest of South America
- COMPETITIVE LANDSCAPE
- Introduction
- Market Ranking/Share Analysis of Key Companies
- Company Benchmarking
- COMPANY PROFILES
- Stericycle
- Company Overview
- Financial Overview
- Products/Solutions/Services Offered
- Key Developments
- SWOT Analysis
- Veolia
- BWS Incorporated
- MEDPRO Disposal, LLC
- CNIM Group
- Waste Management Inc.
- Daniels Health
- REMONDIS SE & Co. KG
- BioMedical Waste Solutions, LLC
- Clean Harbors Inc.
- Republic Services, Inc.
- BioServ, Inc.
- EcoMed
- Sharps Compliance, Inc.
- GRP & Associates, Inc.
- Gamma Waste Services
- Other Key Companies
- APPENDIX
- Key Industry Expert Insights
- Primary Discussion Guide
- Customization Options
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Contact Us
FORENCIS RESEARCH
Phone: +1 (720) 306 9020
Email: sales@forencisresearch.com
For more market research insights, please visit https://www.forencisresearch.com
