Global Medical Waste Management Market Overview And Prospects
Learn about the global medical waste management market through The Business Research Company, which provides information on medical waste management market size, medical waste management market drivers and restraints, medical waste management market players, the COVID-19 impact on the medical waste management market, and more.
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The global medical waste management market is expected to grow from $14.17 billion in 2020 to $14.56 billion in 2021 at a compound annual growth rate (CAGR) of 2.8%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The medical waste management market is expected to reach $18.18 billion in 2025 at a CAGR of 6%.
The rise in the use of disposable medical products in healthcare facilities is expected to drive innovation in medical waste management, thus driving the market during the forecast period.
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The medical waste management market consists of the revenue generated from establishments providing services that include collection, transportation, storage, treatment, disposal, and recycling of waste. Biomedical waste is generated during the diagnosis, treatment, and immunization of human beings or other living beings from healthcare facilities.
Global medical waste management market segments include:
By Type: Bio-Hazardous/Infectious Waste, Non-Hazardous Waste, Sharps, Pharmaceutical, Radioactive, Others
By Treatment: Incineration, Autoclaving, Chemical Treatment, Others
By Services: Onsite Services, Offsite Services
By Waste Generator: Hospitals, Clinics, Ambulatory Surgical Centres, Pharmaceutical Companies, Biotechnology Companies, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Recycling is expected to become a key trend in medical waste management. The ongoing medical supplies shortage due to the COVID-19 pandemic has resulted in the need for more sustainable and recycling of medical products. Battelle Critical Care Decontamination System, which was approved in April 2020 by Food and Drugs Administration (FDA), uses hydrogen peroxide for decontamination of N95 respirators and PPE kits.
TBRC’s medical waste management market report covers:
Major Market Players: Waste Management (WM), Citiwaste, Sanpro Waste, MedPro Waste Disposal, Sharps Compliance, BioServeUSA, BioMedical Waste Solutions, PureWay Total Compliance, Medasend, and Veolia Environnement.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Medical Waste Management Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides medical waste management market overviews, analyzes and forecasts market size, share, medical waste management market players, medical waste management market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s medical waste management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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