SAN FRANCISCO, March 21, 2017 /PRNewswire/ --
The global medical waste management market is expected to reach USD 33.4 billion by 2025, according to a new report by Grand View Research, Inc. The development of innovative manufacturing techniques in pharmaceuticals, medical devices is growing with rapid pace. The rise in hospitals, multispecialty clinics and diagnostic centers that require large number of inventories for day to day functioning is also leading to generation of more waste. Thus, overall growth in healthcare industry coupled with rising patient population requiring prolong medical and surgical aid is fueling the market growth.
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Rapid growth in initiatives by government to support and raise funds in effective waste management is anticipated to drive the market growth. These programs are conducted for creating awareness regarding the importance of systems for proper waste disposal. Additionally, taking steps to set standards and guidelines for the same is anticipated to propel the market growth.
The medical waste management involves high capital investment for managing hazardous by-products and disposal of infectious material. This disposal and recycling processes are associated with release of hazardous gases and compounds which may disturb the ecosystem and are likely to affect the industry growth.
Browse full research report with TOC on "Medical Waste Management Market Analysis By Services (Onsite: Collection, Recycling, Treatment; Offsite: Collection, Recycling, Treatment), By Treatment (Incineration, Autoclaving, Chemical), And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/medical-waste-management-market
Further key findings from the report suggest:
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Grand View Research has segmented the medical waste management market by services, treatment and region:
Read Our Blog: Medical waste management market: driven by rising prevalence of infectious and chronic diseases
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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