Every year a substantial amount of medical waste is generated around the world owing to the overall growth of the healthcare industry and increasing geriatric population. Medical waste is primarily generated in healthcare settings such as nursing homes and hospitals, physician’s chambers, diagnostic laboratories, veterinary centers, and pharmaceutical companies. The waste generated from these healthcare sectors can be categorized in four major segments, namely hazardous, infectious, radioactive, and general waste.
Continuously expanding healthcare industry supported by growing population with geriatric population in particular has led to the generation of substantial amount of medical waste, each year, over the world. These medical wastes have been categorized into four major types, namely, infectious, hazardous, radioactive and general wastes. Of these infectious, hazardous and radioactive medical wastes being potentially risky to human as well as environment are required to be disposed of with special caution. General wastes which are similar to common domestic and official wastes and do not require special treatment. There are a large number of companies that offer waste management services to healthcare facilities seeking help for medical waste disposal. The medical waste management market was valued at USD 14,541.5 million in 2012 and is expected to reach USD 20,130.1 million in 2019, growing at a CAGR of 4.8% during the forecast period 2013 to 2019.
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Almost 80% of the medical waste generated every year consists of plastics, papers, and other materials that are quite similar to general household or office waste. But the remaining 20%-25% consists of bioactive waste materials such as used syringes, blood-soaked bandages, cultures, stocks, unused or expired medicines, and many more, which are harmful to both humans and the environment alike. Such waste products need to be disposed of properly. Poor handling of these wastes has the potential of exposing patients, waste handlers, and healthcare professionals to serious infections.
Geographically, North America held the majority share of the overall medical waste management market, followed by Europe that accounted for the second largest share. These two regions are expected to retain their position throughout the forecast period 2013 to 2019. Governmental regulations mandating proper disposal of medical waste across North American and European countries has been considered as one of the major factors driving market growth in these regions during the forecast period. In Asia-Pacific region, Japan, Australia and New Zealand are the major markets that offer immense opportunities to waste management companies operating in this market. However, in countries like India and China, the market is highly untapped owing to low awareness level and due to lack of strict governmental regulations. In Rest of the World (RoW), Brazil, Mexico, South Africa, Israel, Turkey and UAE are the major markets where medical waste management market is expected to record maximum growth.
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Stericycle, Inc., Waste Management, Inc., Republic Services, Inc., Veolia Environmental Services, Suez Environment SA, Clean Harbors, Inc. and US Ecology, Inc. are some major companies providing various waste management services to healthcare facilities seeking help for waste disposal.
Request a Free Sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2268
Almost 80% of the medical waste generated every year consists of plastics, papers, and other materials that are quite similar to general household or office waste. But the remaining 20%-25% consists of bioactive waste materials such as used syringes, blood-soaked bandages, cultures, stocks, unused or expired medicines, and many more, which are harmful to both humans and the environment alike. Such waste products need to be disposed of properly. Poor handling of these wastes has the potential of exposing patients, waste handlers, and healthcare professionals to serious infections.
Geographically, North America held the majority share of the overall medical waste management market, followed by Europe that accounted for the second largest share. These two regions are expected to retain their position throughout the forecast period 2013 to 2019. Governmental regulations mandating proper disposal of medical waste across North American and European countries has been considered as one of the major factors driving market growth in these regions during the forecast period. In Asia-Pacific region, Japan, Australia and New Zealand are the major markets that offer immense opportunities to waste management companies operating in this market. However, in countries like India and China, the market is highly untapped owing to low awareness level and due to lack of strict governmental regulations. In Rest of the World (RoW), Brazil, Mexico, South Africa, Israel, Turkey and UAE are the major markets where medical waste management market is expected to record maximum growth.
Great Expert Research Report: http://www.transparencymarketresearch.com/medical-waste-management-market.html
Stericycle, Inc., Waste Management, Inc., Republic Services, Inc., Veolia Environmental Services, Suez Environment SA, Clean Harbors, Inc. and US Ecology, Inc. are some major companies providing various waste management services to healthcare facilities seeking help for waste disposal.
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