Clinical (medical) waste management: market revenue, by services, 2011/18

It is reported that the US medical/clinical waste management market is worth $10,327.0 million by 2018

Forecast in a recent MarketsandMarkets report, “Medical Waste Management Market by Sector (Hospital & Pharmaceutical), Service (Collection, Transportation & Storage, Treatment, Disposal & Recycling), Treatment Technology (Mechanical, Thermal, Chemical, Microwave Irradiation) & Geography – Global Trends & Forecast to 2018” by MarketsandMarkets, defines and segments the Medical Waste Management Market with analysis and forecasting of the global revenue.

This market sector is predicted to grow reasonably in the upcoming years. With the growth of western markets, the medical waste management industry is projected to achieve a slower, yet stable growth. The growing environmental concerns with regards to the dumping of medical waste and rapid expansion in the pharmaceutical industry over the years, have led to an overall increase in the Medical Waste Management Market. The Americas and Europe are the major regional markets growing at a steady pace.

 

Medical Waste Management Market
Waste Treatment Technology: Market Revenue, By Categories, 2013 ($Million)

 

The medical waste management market revenue, in terms of geography, is expected to reach $10,327.0 million, growing at a CAGR of 4.9% from 2013 to 2018. The Americas dominates the market with $3,100.0 million in 2013, and is expected to reach $4,040.0 million by 2018, at a CAGR of 5.4%. This is followed by Europe, which is expected to reach $2,710.0 million by 2018, at a CAGR of 4.8% from 2013 to 2018.

Healthcare is a massive cost to nations, and continues to grow almost without limit. Restraint is unpopular and soon becomes a vote loser so few politicians are able or prepared to deal with this effectively.

Yet with increasing demand, increasing complexity, and increasing environmental concern, disposal costs for clinical wastes will continue to grow. Some useful savings in healthcare cost se patients discharged early to community care, and for some long-term domiciliary treatment. The associated waste outputs are often reduced, but with a price premium for collection of smalls this is a growing market subsector that needs to be serviced.

 

 

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