The global medical waste management market was valued at over 10 Bn in 2016 and is expected to expand at the CAGR of above 5% during the forecast period of 2017 to 2025. Increase in incidence and prevalence of infectious and life style diseases, rapidly growing population, rise in healthcare expenditure, and adoption of novel technologies to treat the diseases are the major factors responsible for rise in the generation of medical waste.
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