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global medical waste management market trends

Global Medical Waste Management Market Trends, Analysis, and

Forecast To 2025

Medical waste management is referred as the process of regulating the generation, treatment and disposal of medical

waste by the healthcare institutions. These medical wastes are generated at health care facilities such as blood banks,

physician’s office, clinics, veterinary clinics/hospitals as well as medical research facilities and laboratories. The

emergence of the medical waste management techniques has played a major role in preventing the discharge of toxic

compounds into land and water.

Improper management of medical waste in the facilities causes a direct impact on the environment, on the community’s

health and healthcare workers. Increasing initiatives for improving the medical waste management services by

regulatory authority and the generation of huge amount of medical waste is expected to spur the market growth over

the forecast period.

Increasing geriatric population, rising prevalence of chronic disorders and diseases such as cancer is projected to fuel

such advancement in the medical solutions. The development of innovative techniques for development of drugs and

medical devices in the medicinal industry is growing at enormous rate.

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Furthermore, the efficient supply of inventories required in function of the clinics, hospitals leading to the generation of

the massive medical waste which is further demanding for the proper system for collection, disposal, transportation and

recycling of materials. The development and implementation of the advanced techniques for treatment and disposal of

these waste is anticipated to further enhance the industry demand.

The outsourcing of these medical waste treatment services has further unlocked an array of growth opportunities for

industry. However, lack of training for proper disposal, lack of awareness about health hazards associated with waste

and high initial capital investment is also expected to restraint the market.

The market for the medical waste management is segmented on the based on the type of waste, service, treatment,

disposable site and regions. The types of waste generated are hazardous and non-hazardous and the services offered in

the industry include treatment, disposal and recycling. On the other hand, these wastes can be treated by chemical

treatment, incineration, autoclaving and others. Furthermore, the treatment sites included for the medical waste are

onsite and offsite. On the basis of geography, the market is segregated into North America, Europe, Asia Pacific, Middle

East & Africa and Latin America.

North America is expected to the major share in terms of revenue in the market owing to the growing healthcare

industry. Furthermore, Asia Pacific region is projected to witness enormous growth over the forecast period owing to

rising social awareness and government initiatives for proper disposal of byproducts and residues.

the key players in the market include clean

The key players in the market include Clean Harbors, Inc., BioMedical Waste Solutions, REMONDIS Medison GmbH,

Sharps Compliance, Inc. Daniels Sharpsmart, Inc., Republic Services, Inc., Suez Environnement S.A., Stericycle, Inc.,

Waste Management, Inc., and Veolia Environnement S.A. These companies hold the major share in the market and are

expected to adopt various strategies to maintain their position. Furthermore, the companies are also collaborating to

favor the new innovative techniques for disposing the waste.

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Some of the key players in the global baby drinks market include Heinz and Hain Celestial Group, Nestle S.A., Mead

Johnson Nutrition Company, LLC., Abbott Laboratories, Beingmate Group Co. Ltd., Danone, Campbell Soup Company,

HiPP GmbH & Co., D. Signstore and Arla Foods among others.

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