Global Medical Waste Management Market to Reach US$20.1 Billion by 2019, Rapid Expansion of Healthcare Industry to Drive Growth

Transparency Market Research Report Added “Medical Waste Management Market (Activity Type – Collection, Processing and Disposal; Waste Generators – Large Quantity Generators and Small Quantity Generators)” to its database.

Medical Waste Management Market: Description

The report on medical waste management market analyzes the current as well as future prospects and various facets of the market in detail. Healthcare industry serves population of a country/region by protecting health of individuals and saving lives of many. However, while doing so they generate a lot of waste which entails risk to people. As the healthcare industry is rapidly growing across the globe, there will be increasing is an over increasing need for medical waste management and the service providers in the market will witness attractive market opportunities than ever. For the research on this topic, we conducted in-depth interviews and discussions with a wide range of key opinion leaders within medical waste management market, which was supplemented by extensive secondary research.

The market assessment and forecast in terms of revenue (USD million) for each segment of medical waste management have been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (CAGR %) for the global medical waste management market and each sub-segment, for the forecast period 2013 to 2019. Growth rates for each segment within the global medical waste management market have been determined after thorough analysis of past trends, demographics, future trends, technological developments, regulatory requirements.

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Medical Waste Management Market: Segments

Collection, processing and disposal are three major services offered by medical waste companies. Collection constituted the largest segment of the overall medical waste management market with a revenue share of 54.5% in 2012. However, during the forecast period 2013 to 2019, processing segment has been anticipated to grow with the fastest CAGR mainly because the industry is witnessing a rise in demand for non-incineration technologies for waste treatment. Healthcare facilities have been grouped into large quantity generators (LQGs) and small quantity generators (SQGs), based on the amount of medical waste generated. The market for medical waste management is witnessing a continuous rise in the revenue generated from SQGs. It is primarily because most service providers are focusing their attention towards the SQGs as they offer higher profit margin than LQGs and are also easy to target.

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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