Medical Waste Management Market to Cross USD 16 Bn by 2020, Projects Stratistics MRC in New Report Recently Uploaded at MarketPublishers.com01 Aug 2016 • by Natalie Aster
LONDON – The world’s medical waste management industry surpassed the value of USD 10.7 billion in the past year. Up till 2022, it is likely to increase at a 5.9% CAGR to reach USD 16.2 billion by 2022. Great quantity of waste generated by the healthcare sector performs as the major driver of the medical waste management market growth.
Rapidly expanding healthcare industry is expected to open lucrative opportunities for the services providers involved in this sphere as the need for medical waste management will likely increase in the years ahead. However, high capital costs may hamper the market growth through 2022.
In the past year, collection sector accounted for the biggest market share. Nevertheless, the highest growth rates will likely be registered in the processing sector.
North America and Europe are currently the dominant regional markets for medical waste management market owing to numerous regulations and favourable governmental policies in these regions. The APAC medical waste management market is predicted to grow at the highest CAGR through 2022 primarily due to plenty of novel lucrative opportunities in such countries as New Zealand, Japan, Australia, etc.
Cutting-edge report by Stratistics Market Research Consulting, “Medical Waste Management - Global Market Outlook (2015-2022)”, is a trustworthy source of info on the performance of the world’s medical waste management market. It traces the market historical development, sheds light on the current market scenario and also outlines future growth prospects. The publication contains data on the market growth drivers, limiters and challenges. It reviews the existing competitive pressures, uncovers details on top players and also characterises the regulative scenario.
Other reports by Stratistics MRC can be found at this page.