Press Release

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.

Browse 16 market data Figures spread through XXX Pages and an in-depth TOC on "India Bio-Medical Waste Management Market"

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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.

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