Medical Waste Management Market Size, Industry Analysis and Forecasts 2020: Company profiling Veolia, Clean Harbors, Bondtech, Medasend Biomedical, StericycleRepublic Services, Waste Management

The significant factors that are driving the growth of the market include increasing medical waste, initiatives undertaken for medical waste management and the increasing number of patient admissions across the globe. However, lack of awareness about health hazards associated with medical waste is one of the major restraint refraining for the growth of the market to a certain extent. The Asia Pacific region market is the fastest-growing market among all regions and is expected to grow with CAGR of 6.0%. The market for medical waste management in the Asia Pacific region is expected to reach US$ 3,845.2 Mn in 2027 from US$ 2,282.8 Mn in 2018. The market is expected to grow during the forecast period owing to the driving factors such as large patient population resulting in increasing number of hospitals admissions, increasing awareness among socioeconomic groups related to the benefits of proper waste management and stringent regulations enforced by governments of the countries in Asia Pacific with respect to appropriate disposal of medical waste byproducts and residues.

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Company profiling in Medical Waste Management Market are: Medasend Biomedical, Inc, Bondtech Corporation, Sharps Compliance, Inc., Veolia, Clean Harbors, Inc., Daniels Sharpsmart, Inc., Stericycle, REMONDIS SE & Co. KG, Republic Services, Inc., and Waste Management.

The medical waste management market is expected to reach US$ 16,495.8 Mn in 2027 from US$ 10,563.2 Mn in 2018. The market is estimated to grow with a CAGR of 5.2% from 2019-2027.

In 2018, the treatment and disposal segment held the largest market share of 40.7% of the medical waste management market, by service type. The consumables segment is also expected to dominate its market share in 2027 as treatment and disposal are one of the most crucial steps conducted for discarding hospital generated waste. On the other hand, recycling segment is anticipated to witness the fastest growth rate of 6.6% during the forecast period, 2019 to 2027 owing to the majority of the companies working towards developing eco-friendly solutions that includes recycling of medical wastes.

Medical waste poses a growing problem across the world, jeopardizing the health of patients, staff, workers involved in disposal, and others. The primary reason behind the exponential increase in the volume of medical waste generated can be directly associated with the increasing number of patient admissions across various medical specialties. The healthcare authorities in almost all the countries of the world reports increase in the number of patient influx within the public as well as private healthcare facilities. For instance, according to a report by the Health Foundation published in February 2018, the annual number of hospital admissions in the English NHS has increased by 28.1% resulting from 14 million admissions in 2015/16 as compared to 11 million admissions in 2006/07. The NHS also reports that the number of patients admitted with at least one of the 22 long-term conditions has doubled from 2006 to more than 4.5 million patients in 2016. Thus, the increasing number of patient admissions for outpatient surgeries as well as inpatient hospital stays is likely to propel the increasing demand for medical waste management in these facilities, thereby promoting market growth.

Table of content in Medical Waste Management Market are:

o Scope of the Study
o Global Medical Waste Management Market - Key Takeaways
o Research Methodology
o Global Medical Waste Management- Market Landscape
o Global Medical Waste Management Market - Key Industry Dynamics
o Medical Waste Management Market - Global Analysis
o Medical Waste Management Market Analysis And Forecasts To 2027 - Service Type
o Global Medical Waste Management Market Analysis And Forecasts To 2027 - Treatment Type
o Medical Waste Management Market Analysis And Forecasts To 2027 - Treatment Site
o Medical Waste Management Market Revenue And Forecasts To 2027 - Regional Analysis
o Medical Waste Management Market- Industry Landscape
o Medical Waste Management Market-Key Company Profiles

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Key questions answered by this report:

o What are its drivers and restraints of the Medical Waste Management Market?
o What are the leading Medical Waste Management Market products in the market and which companies manufacture them?
o Who are the leading Medical Waste Management Market companies?
o What are their products, developmental candidates and applications?
o What is the status of the Medical Waste Management Market they are undergoing?
o What are the latest news and developments from those companies?
o What other companies seem promising within the regions we analyse, having potential to succeed in Medical Waste Management Market development, production and marketing?
o What are leading companies' Medical Waste Management Market products and what candidates are in their R&D pipelines?
o What are the social, technological, economic and political forces affecting the world Medical Waste Management Market?

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