India bio-medical waste management
market is expected to grow at a CAGR of around 8% during the forecast period. According
to the 1988 Medical Waste Tracking Act, medical waste is defined as waste
generated during medical research, testing, diagnosis, immunization, or
treatment of either human beings or animals. Some of the examples of
bio-medical waste are culture dishes, glassware, bandages, gloves, discarded
sharps such as needles or scalpels, swabs, among others. The process of medical waste management
includes transportation, treatment or destruction, disposal, and documentation
of waste generated from the facility.
With the growing
population in India, the number of patients is also increasing, thereby
resulting in high volume of bio-medical waste generated. Hence, the government
and several non-government organizations are taking initiatives for the
management of bio-medical wastes. This, in turn, is driving the market of
bio-medical waste management. Additionally, growing awareness regarding the
bio-medical wastes and their safe disposal along with increasing number of
government initiatives is further propelling the market.
The India bio-medical waste management market
is segmented based on type of waste, treatment, services,
treatment site, region and company. Based on type of waste, the market can be bifurcated
into hazardous waste and non-hazardous waste. The non-hazardous waste segment
holds a substantial market share owing to the high quantity of non-hazardous
medical waste generated. Based on treatment site, the market can be divided
into on-site and off-site. The off-site segment dominates the market on account
of the high cost of on-site waste disposal and attractive packages offered by
the leading service providers for off-site disposal.
The major players operating in the Indian
bio-medical waste management market are Timarpur-Okhla Waste Management Company
Pvt. Ltd., Biotic Waste Solution Pvt. Ltd., Mumbai Waste Management Ltd., Synergy
Waste Management (P) Ltd., SMS Water Graca BMW Pvt. Ltd., GreenTech Environ Management
Pvt. Ltd., Medicare Environmental Management Pvt. Ltd., Greenzen Bio Pvt. Ltd.,
SMS International Infrastructure Ltd., Ramky Enviro Engineers Limited and
others. Major companies are developing advanced technologies and launching new
products in order to stay competitive in the market. Other competitive
strategies include mergers & acquisitions and new product developments.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of India bio-medical waste
management market.
- To classify and forecast India bio-medical waste management market
based on type of waste, treatment, services, treatment sites, company and
regional distribution.
- To identify drivers and challenges for India bio-medical waste
management market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in India bio-medical waste management
market.
- To conduct pricing analysis for India bio-medical waste management
market.
- To identify and analyze the profile of leading players operating in
India bio-medical waste management market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the country. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the
manufacturers, distribution channels and presence of all major players across
the country.
TechSci
Research calculated the market size of India bio-medical waste management market by using a bottom-up approach, wherein
data for various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target Audience:
- Bio-Medical waste management manufacturers and
suppliers
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
Bio-Medical waste management
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, India bio-medical waste
management market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, By Type:
- Market, By Treatment:
- Incineration
- Autoclaving
- Chemical
Treatment
- Other
Treatment
- Market, By Services:
- Collection
- Transportation
& Storage
- Treatment
& Disposal
- Recycling
- Other
Services
- Market, By Treatment Site:
o On-site
o Off-site
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India bio-medical waste management market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]