Healthcare Publications medical waste management market

MRFR is the Leading Brand in The Research Company who Recently Published Medical Waste
Management Market Research Reports which includes Study of growth, Regional Analysis, Top Industry
Players Formation, Major Drivers, Upcoming Trends and Forecast to 2022
Medical Waste Management Market Overview:
Medical waste management refers to the proper disposal of biomedical waste such as expired or
discarded medicines, broken mercury thermometers, used needles & syringes, and many more. While
only 10-25 percent of medical waste is infectious or hazardous, if not properly handled, it presents the
physical, chemical and microbiological risk to the general population as well as those who handle this
waste. Discarded hazardous medical waste leads to the unintended release of drug-resistant.
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As a result, worldwide governments are implementing various stringent national legislation, regulation
policies, and medical waste management rules that require safe disposal of healthcare waste.
Simultaneously, the governments are also undertaking several initiatives and programs to spread
awareness among the public towards grave impacts of hazardous medical waste.
Governments worldwide are allotting an enormous amount of funding every year for the medical waste
management of cities. These governmental efforts towards the medical waste management are not
only providing a safe and sustainable environment which is essential for the public but also in passing
on available solutions and best practices to other hospitals on healthcare waste management.
As a commutative effect of these efforts, the global medical waste management market is gaining
significant traction on the global platform. Besides the factors such as the technological advancements,
rising urbanization, and increasing Smart City Projects across the globe are substantiating the market
growth. Improving economic conditions worldwide are providing impetus to market growth by
increasing consumers’ purchasing power.
Acknowledging the colossal growth, the market is witnessing currently, Market Research Future (MRFR)
in its recently published study report asserts that the global medical waste management market will
grow exponentially by 2022 with a striking CAGR during the forecast period (2017 - 2022).
Moreover, rising volumes of medical wastes that have become paramount concern globally are
estimated to foster the market growth during the said period. Effective and advanced medical waste
management technologies such as microwave technologies, autoclaving, chemical mechanical systems,
and electro-pyrolysis. Triumvirate Environmental’s process is one of the latest advancements in the
field of medical waste management.
On the other hand, factors such as insufficient funding to develop infrastructure that can support the
medical waste management solutions are obstructing the market growth, especially in the
underdeveloped nations.
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Key Players:
Clean Harbors (US), MedPro Medical Waste Disposal (US), Waste Management Inc. (US), Stericycle
Inc. (US), and Republic Services Inc. (US).
Medical Waste Management Market – Segments
The MRFR analysis is segmented into five key dynamics for the convenience of understanding;