Global medical waste management market is valued at approximately USD19,690 million in 2017 and is anticipated to grow with a healthy growth rate of more than 5.4 % over the forecast period 2018-2025. Growing focus on eco-friendly waste management procedures is the major key trend that is responsible for the wide adoption of medical waste management globally. Global medical waste management market is significantly driven by the growth in the healthcare industry. According to the Indian Brand Equity Foundation (IBEF) in December, healthcare has become one of the largest sectors in India both in terms of revenue and employment. The healthcare industry is expected to reach around $133.44 billion by 2022. Also, India is experiencing a growth of 22-25 % in medical tourism and would reach from $3 billion to $6 billion by 2018.
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The Major Market Player Included in This Report are:
Stericycle, SUEZ, Clean Harbors, Inc., Veolia, Biomedical Waste Solutions, LLC., Remondis Se & Co. Kg, Sharps Compliance, Inc., Waste Management, Inc., Daniels Sharpsmart
In addition, there is significant scope for enhancing healthcare services due to the increasing healthcare spending as a percentage of GDP. As per the Wirein Organization, India Government healthcare expenditure increased to 1.4% in 2018 which was earlier 1.2% in 2014. Similarly, as per the James Lind Institute, the healthcare system in the United States accounts for $3 trillion yearly expenditures, that is around 20% of the United States’ GDP. According to the Offices of the Actuary at the Centers for Medicare and Medicaid Services, investment is anticipated to increase at a yearly rate of 5.9% through 2020 that is 1.2% greater than the US expected GDP development. Therefore, the growth in the healthcare industry would generate a high amount of medical waste. As a result, the demand for medical; waste management would increase, promoting the growth of the market. However, lack of awareness about health hazards is the major factor that impedes the growth of the medical waste management market over the forecast period.
This market research report administers a broad view of the Medical Waste Management market on a global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Medical Waste Management market’s growth in terms of revenue.
The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Medical Waste Management market growth during the forecast period. Segmentation of the market is examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of Administration and Application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Medical Waste Management market through the segments and sub-segments.
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The report also provides the market size and estimates a forecast from the year 2018 to 2025 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors affecting the Medical Waste Management market.
The report also analyzes the factors affecting Medical Waste Management’s market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
Reasons to Buy the Report:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Medical Waste Management Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Medical Waste Management Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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What the report features:-
- Global analysis of Medical Waste Management market from 2018 – 2025 illustrating the progression of the market.
- Forecast and analysis of Medical Waste Management market by Type by Application and Regional Forecasts 2018-2025
- Forecast and analysis of Medical Waste Management market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
Target Audience of the Global Medical Waste Management Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
Name: Sameer Joshi
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