Medical Waste Treatment Market: Global Industry Segments, Opportunity, Growth and Forecast By End-use Industry 2015-2021 scrutinized In New Research
Medical waste is generated from the hospitals, pathology labs, dispensary, nursing, homes which include bandage, blood, syringes, urine and products used for research or patients. Medical waste treatment is the process used for treating the waste generated from medical use. Medical waste treatment is considered as important process because inappropriate handling and improper disposal of medical waste can cause worse impact.
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Increasing amount of medical waste on daily basis mainly drives the medical waste treatment market. Moreover, surging accomplishment of government support for adopting medical waste treatment coupled with growing awareness for hygienic waste disposable contributes to the splendid growth of the market. However, high initial cost for implementation of techniques coupled with various regulations may hamper the growth of medical waste treatment market. Nevertheless, ongoing research and development for enhancing the technologies along with escalating demand from the emerging economies is likely to open new opportunities in the medical waste treatment market.
The report provides a comprehensive view on the medical waste treatment market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the medical waste treatment market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the medical waste treatment market during the forecast period.
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Based on type the medical waste treatment is segmented into hazardous and non hazardous waste. Different technologies used for treating the medical waste include autoclaving, incineration, microwave, chemical treatment and other technologies. Microwave is the used for primary treatment in house, whereas incineration is widely used process of burning the waste at high temperatures. Autoclaving is done by applying high pressure and temperature whereas chemical treatment involves treating the waste by using different disinfectants, surfactants mainly chlorine. Medical waste treatment is carried out either on site or off site depending on the nature and quantity of waste.
Geographically, medical waste treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America and Europe are considered as most prominent markets owing to huge generation of medical waste and increasing aging population. Asia Pacific is expected to experience highest growth in the near future due to rapidly growing health care sector and rising population.
XMED Disposal, Biomedical Waste Solution, MedClean Management Solution, Inc., Suez Environment, Veolia Environment, United Medical Waste Management, Waste Management Inc., Bondtech Medical Waste Containers, Switch Medical Waste Service and Stericycle Inc. among others are some of the leading profiles in the medical waste treatment market.
The report segments of the medical waste treatment market into:
Medical Waste Treatment Market: Type Segment Analysis
- Hazardous waste
- Non hazardous waste
Medical Waste Treatment Market: Technology Segment Analysis
- Chemical treatment
- Other technologies
Medical Waste Treatment Market: Site based Segment Analysis
- Onsite treatment
- Offsite treatment
Medical Waste Treatment Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
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