India Bio Medical Waste Management Market to Grow at Steady Rate until 2024
Growing
number of healthcare centers coupled with rising awareness of hazards of
bio-medical wastes among general public and increasing government intervention
in ensuring safe disposal of bio-medical wastes to drive India bio-medical
waste management market
According
to TechSci Research report, “India
Biomedical Waste Management Market By Service, By Treatment Site, By
Region, Competition, Forecast & Opportunities, 2024”, India bio-medical waste management market is expected to
grow at a CAGR of around 8% during the forecast period on account of surge in
number of hospitals and dispensaries in the country adding to the volume of
bio-medical waste generated along with the rising concerns among the general
public about the health safety. Moreover, increasing pressure from the
government regulatory bodies such as Ministry of Health and Family Welfare;
Indian Medical Association; Ministry of Environment, Forest and Climate Change;
and several municipal corporations necessitating the compliance with
bio-medical waste rules would augment the growth of bio-medical waste
management over the forecast period.
India
bio-medical waste management market is segmented based on type of service, treatment site,
region and company. Based
on type of waste, the market can be divided into hazardous waste and
non-hazardous waste. The non-hazardous waste segment dominates the market on
account of the large quantity of non-hazardous medical waste generated such as
carbonates, lactic acids, sugars etc. arising from secretion of bodily fluids. Based
on treatment site, the market can be bifurcated into on-site and off-site. The
off-site segment is expected to register the highest growth attributable to the
high cost of on-site waste disposal and attractive packages offered by the
leading service providers for off-site disposal.
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Medicare
Environmental Management Pvt Limited, Synergy Waste Management Pvt. Limited, Biotic
Waste Solutions Pvt. Limited, Maridi Eco Industries Pvt. Limited, SMS Water
Graca BMW Pvt. Ltd., GreenTech Environ Management Pvt. Ltd., Medicare
Environmental Management Pvt. Ltd., Greenzen Bio Pvt. Ltd., SMS Water Graca BMW
Pvt. Limited, and Ramky Enviro Engineers Limited are some of the leading
players operating in India bio-medical waste management market. “Increasing
regulatory pressure and growing awareness towards environment protection and
safe disposal of medical wastes are anticipated to spur the growth of
bio-medical waste management in India over the next five years. State
governments and Municipal Corporations are taking measures to adopt and
practice safe disposal of medical wastes. Punjab Pollution Control Board (PPCB)
has initiated action against the violators of biomedical waste rules under the
Environment Protection Act, 1986. Such instances of proactive measures taken by
public as well as private stakeholders in ensuring proper compliance of biomedical
waste rules along with rising awareness among the general public about health
safety are expected to drive the bio-medical waste management in the country during
the forecast period” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Biomedical Waste
Management Market By Service, By Treatment Site, By
Region, Competition, Forecast & Opportunities, 2024” has evaluated
the future growth potential of Indian Bio-Medical Waste Management market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India Bio-medical waste management market.
Contact
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