18-Sep-2018 | Zion Market Research
Major players working in the global medical waste management market comprise Clean Harbors, Inc., BioMedical Waste Solutions, LLC, REMONDIS Medison GmbH, Daniels Sharpsmart, Inc., Sharps Compliance, Inc., Republic Services, Inc., Suez Environnement S.A., Stericycle, Inc., Waste Management, Inc., and Veolia Environnement S.A. These players are all geared up to boost the medical waste management market in the years to come.
As per the report published by Zion Market Research, the global medical waste management market added up for USD 11.36 Billion in 2014 and is anticipated to cross USD 16.72 Billion by end of 2022, developing at a CAGR of 5.0% from 2015 to 2022.
This review is based on a report by Zion Market Research, titled “Medical Waste Management Market by Type (Non-Hazardous Waste and Hazardous Waste) and by Treatment (Incineration, Autoclaving, Chemical Treatment and Others) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”- Report at http://www.zionmarketresearch.com/report/medical-waste-management-market
Rapidly Rising Number Of The Aging Population All Over The World To Drove The Global Medical Waste Management Market In The Years To Come
As per the analysts at Zion Market Research, medical waste management market is boosted majorly by the rapidly rising number of the aging population all over the world. In addition to this, rising initiatives by government organizations is the major factor for powering the development of medical waste management market. Apart from this, advance technology and research are among the different factors, which are directly accountable for towering the development of medical waste management market. For instance, in February 2018 ECCC (Environment and Climate Change Canada) planned to roll out its new notice processing system (named as WIETS equivalent system). This, in turn, boosted the global medical waste management market.
On the other hand, the need of high capital investment is a major hindering factor, which directly hampers the development of medical waste management market. Nevertheless, in-progress research and development in the healthcare industry paired with untapped market of Asia Pacific are anticipated to open growth opportunities for the medical waste management market in the years to come.
On the basis of treatment, the global medical waste management market is divided into autoclaving, incineration, and other treatments including chemical treatment. Autoclaving treatment rules the global medical waste treatment market and is likely to develop at the uppermost CAGR with 5.4% amongst the entire division in the years to come. This development is mainly credited due to the different effectiveness and characteristics offered by autoclaving.
Enhanced Infrastructure And Technologically To Suffice The Domination Of North America In Global Medical Waste Management Market
In terms of topography, North America was the dominating area for medical waste management market in 2014 in terms of income creation. North America was chased by Europe on the back of the availability of enhanced infrastructure and technologically. North America adds up for almost 35% of the entire market share for global medical waste management market. In addition to this, medical waste management market has the huge chance in up-and-coming areas such as Latin America and Asia Pacific owing to the government & public awareness, government initiatives, increase aging population, and healthcare infrastructure.
The global medical waste management market is segmented as follows:
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