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Global medical waste management market: $10.3 billion industry forecast by 2018

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Medical Waste Management Market: Global Trends & Forecast to 2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-31 05:36:04
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.

The medical waste management market is likely 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.

Pharmaceutical waste management has the largest market share in terms of revenue and demand. Under services, Disposal and Recycling leads the overall market. The rising medical waste generation and environmental concerns are expected to enhance the growth prospects of the market. The lucrative and high-investment areas such as Europe and the Americas are the key driving factors for an exponential growth of the market. The report estimates the market in terms of sector, service, treatment technology, and geography.

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