Bethlehem, New Zealand, June 26, 2016 --(PR.com
)-- GlobalMarketReports.com includes New Market Research on “Medical Waste Management Market by Type of Waste (Non-Hazardous, Infectious, Sharps, Pharmaceuticals), Service (Treatment, Disposal, Recycling), Treatment Type (Incineration, Autoclaving), Treatment Site (Offsite, Onsite) - Global Forecast to 2020| Global Market Reports” to its big collection of Market Research Reports.
The global medical waste management market is driven by several factors such as increasing initiatives by regulatory authorities for improving medical waste management services, rising aging population, increasing number of conferences and symposia, and the generation of large amounts of medical waste. The outsourcing of medical waste management services and technological advancements has opened an array of opportunities for market growth. However, the need for high capital investment is expected to restrain market growth.
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The medical waste management market is expected to reach USD 13.3 Billion by 2020 from USD 10.3 Billion in 2015 at a CAGR of 5.2%. This market is segmented based on type of waste, service, treatment type, treatment site, and geography.
Based on type of waste, the market is segmented into nonhazardous and hazardous waste. The hazardous waste segment includes infectious and pathological waste, sharps, pharmaceutical waste, and other medical waste. The nonhazardous waste segment accounted for the largest share of the market.
Based on services, the medical waste management market is segmented into collection, transportation and storage, treatment and disposal, recycling, and other services. The treatment and disposal segment accounted for the largest share of the market. Increasing government initiatives for the disposal of medical waste will drive the growth of this market.
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Based on treatment type, the market is segmented into incineration, autoclaving, chemical treatment, and others. The incineration segment accounted for the largest share of this market. Growth in this segment can be attributed to technological advancements and the generation of large amounts of medical waste across the globe.
Based on treatment site, the market is segmented into offsite and onsite treatment. The offsite treatment segment accounted for the largest share of the market.
Medical Waste Management Market
The global medical waste management market is dominated by North America, followed by Europe, Asia, and Rest of the World (RoW). North America will continue to dominate the global market in the forecast period.
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