Medical Waste Management Market

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Medical Waste Management Market To Reach USD
17.89 Billion by 2026
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Rise in elderly population, development of
advanced manufacturing techniques for medical
drugs equipment, increasing initiative by
government towards developing the healthcare
infrastructure across the world, favorable
research funding scenario, increase in health
care expenditure, and rise in awareness regarding
medical waste are key factors contributing to
high CAGR of Medical Waste Management during
forecast period.Market Size USD 11.77 Billion
in 2018, Market Growth - CAGR of 5.3, Market
Trends Outsourcing of medical waste management
services and growing health care
industryAccording to the current analysis of
Reports and Data, the global Medical waste
management market was valued at USD 11.77 billion
in 2018 and is expected to reach USD 17.89
billion by the year 2026, at a CAGR of 5.3. The
study talks about the growing population across
the globe, which in turn increases the number of
patients, resulting in the rising volume of
medical waste. Hence there is a requirement of
proper management of the medical waste that is
generated at an ever-growing rate. Medical waste
is a type that contains infectious materials that
are toxic and can cause multiple types of
diseases. This medical waste is generated by
health care facilities like physicians offices,
hospitals, dental practices, clinics, and
research facilities. Medical waste can contain
things like blood, bodily fluids, and other
contaminants. Medical waste management refers to
the proper processing of the waste material
generated by the various health care
institutions. The emergence of medical waste
management has led to the prevention of the
release of toxic compounds into water and land.
Medical waste management is done by treating
waste material by adopting an environment-friendly
treatment procedure. It also involves developing
various methodologies that are environment-friendl
y.
Market Summary
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• Further key findings from the report suggest
• Across the world, out of the total amount of
  waste generated by health-care activities, about
  85 is general waste and remaining 15 is
  considered hazardous material that may be
  infectious, toxic or radioactive.
• Infectious and anatomic wastes together represent
  the majority of the hazardous waste, up to 15 of
  the total waste from health-care activities.
  Sharps represent about 1 , Chemicals and
  pharmaceuticals account for about 3 of waste
  from health-care activities while gene toxic
  waste, radioactive matter and heavy metal content
  account for around 1 of the total health-care
  waste
• According to a research article in Indian Journal
  of Pharmacy Practice, drug wastage accounted for
  2.0 to 3.0 of all drug costs, representing more
  than USD 1.0 Billion in drug wastage in the U.S.
• According to American Hospital Association in
  2015 on waste prevention and management in
  hospitals, nearly 5,000 acute care hospitals in
  the U.S. generate around 7,000 tons of waste
  every day and spend USD 10 billion annually on
  its disposal, hence there is a rapid growth in
  demand of medical waste management.

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Market Summary
Key Players
Biomedical Waste solutions, Clean Harbors,
Daniels Sharpsmart Inc., Stericycle, Waste
Management Inc., Remondis Group
Segmentation

• For the purpose of this report, Reports and Data
  has segmented the Medical Waste Management market
  on the basis of waste type, treatment site,
  treatment type, service type, nature of waste,
  waste generator and region
• Waste Type (Revenue, USD Million 20182026)
• Sharps
• Pathological Waste
• Pharmaceuticals Waste
• Chemical Waste
• Infectious Waste
• Gene Toxic Waste
• Others
• Treatment Site (Revenue, USD Million 20182026)
• On-site
• Off-site

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Market Summary

• Treatment Type (Revenue, USD Million 20182026)
• Chemical Treatment
• Incineration
• Autoclaving
• Others
• Service Type (Revenue, USD Million 20182026)
• Recycling
• Treatment and Disposal
• Collection, Transportation and Storage
• Nature of Waste (Revenue, USD Million 20182026)
• Hazardous
• Non-Hazardous
• Regional Outlook (Revenue in USD Million
  20182026)
• North America
• Europe
• Asia Pacific
• Middle East Africa
• Latin America

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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