India Bio Medical Waste Management Market to Reach $ 39 Million by 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 surpass
$ 39 million by 2024 on account of surge in number of hospitals and
dispensaries in the country adding to the volume of bio-medical waste generated
each day coupled with the rising concerns among the general public about 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 and
regulations would augment the growth of bio-medical waste management market in
India during the forecast period.
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India
bio-medical waste management market is segmented based on type of service, treatment site and
region. The service category is further segmented into Recycling and Disposal,
with the former segment being the one dominating the market. The Recycling
segment is expected to continue its dominance during the forecast period. 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., Greenzen Bio Pvt. Ltd., etc., are some of the
leading players operating in India bio-medical waste management market.
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“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. 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 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.
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