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(Medical-NewsWire.com, May 14, 2016 ) According to the latest report published by Credence Research, Inc. “Medical Waste Management Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the medical waste management market was valued at USD 10,861.3 Mn in 2015, and is expected to reach USD 15,806.6 Mn by 2022, expanding at a CAGR of 5.4% from 2016 to 2022.
Market Insights
Medical waste comprises the waste material generated in healthcare facilities, medical laboratories, clinical research laboratories and such other locations. Medical waste management is defined as processes that involve control on generation, storage, treatment, collection and disposal of medical waste. Proper management of medical waste has been identified as need of the hour considering their gravity of impact on general health and wellbeing, environment conservation and welfare of healthcare workers.
For More Information, List of Figure, Tables and TOC Visit – http://www.credenceresearch.com/report/medical-waste-management-market
Rigid environment and safety guidelines and regulations for handling and processing of medical waste have been created across all the developed regions of the world. Healthcare facilities and pharmaceutical manufacturers are the largest producers of medical waste. Since the healthcare infrastructure of the developed world is well established, compliance to the guidelines form a considerable component of overall hospital and medical facility management in these regions. Compliance to such stringent rules has urged healthcare facilities to shift their activities from on-site waste management to off-site options through contractual arrangements, in order to augment overall administrative efficiency and ensure safety.
Through outsourcing of medical waste management activities, it is ensured that highly skilled workers collect, handle, treat and dispose medical waste in a cost effective way while simultaneously assuring environmental and human safety. Some of the prime observations in this market are:
Large hospitals and outpatient facilities are the largest generators of medical waste
Incineration in the most common method of medical waste treatment
Preference for on-site medical waste treatment will drop in the future in the view of cost management and administrative convenience
Outsourcing of medical waste management processes is majorly an outcome of cost constraints in planning medical facilities since the economic upset in 2008
The market in developed regions is fragmented with several local companies exhibiting rigorous market activities
Moreover, emerging markets of Asia-Pacific, Latin America and Middle East Africa will be the fastest developing market in the view of the rapid infrastructure development and healthcare expenditure. Growing awareness in these regions has also urged the governments for developing well-defined regulations for medical waste management.
Blog: http://www.mobilecomputingtoday.co.uk/3333/global-medical-waste-management-market-reach-worth-usd-15-81-2022-stringent-regulations-urge-market-progress-credence-research/
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Media Contact
Contact Person: Chris Smith, Global Sales Manager
Phone: 1-800-361-8290
Address: 105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/medical-waste-management-market
Crednce Research
Chris Smith
1-800-361-8290
sales@credenceresearch.com
Source: EmailWire.Com 
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