- The key vendors in the global medical waste management market 2015-2019 are Clean Harbors Inc., Stericycle Inc., Suez Environnement Co. SA, and Veolia Environnement VE SA.
London, 8 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global medical waste management market 2015-2019. Improved cost-containment strategies of healthcare facilities is a key trend that is expected to drive market growth in the global medical waste management market. Many hospitals are now evaluating their departments and developing effective plans to manage water, energy, and waste. The recent reduction in federal reimbursements have helped healthcare facilities to optimize the sustainability of their operations and to improve their cost-cutting strategies. The global medical waste management ma rket is expected to grow at a CAGR of 5.35% during the forecast period of 2014-2019.
This market is expected to grow rapidly as a result of the increased use of consumables. These consumables increase the amount of medical waste and provide huge growth opportunities for consumable manufacturers and medical waste management companies. Additionally, environmental and government regulations ensure that the disposal of medical waste is of high priority, which in turn positively affects the business interactions of vendors.
“Most healthcare settings worldwide are focusing on preventive strategies to reduce the significant economic burden related to in-patient hospital admissions. Early diagnosis and the regular screening of diseases are two important initiatives that contribute to preventive medicine,” says Faisal Ghaus, Vice President of Technavio Research.
“A rise in public awareness about preventive healthcare, along with the growing preference for minimally invasive surgeries, helps reduce overall healthcare expenditures.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
