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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