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.
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
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 Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020–2024
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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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the country. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
Market Insights Research calculated the market size of
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.
