Global Medical Waste Management Market Size, Forecasts, And Opportunities – Includes Medical Waste Management Market Analysis
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.
The medical waste management market size is expected to grow from $15.49 billion in 2020 to $19.73 billion in 2025 at a rate of 5.0%. The global medical waste management market size is then expected to grow at a CAGR of 4.9% from 2025 and reach $25.05 billion in 2030.
The rise in the use of disposable medical products in healthcare facilities is expected to drive the medical waste management market.
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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 medical waste such as blood, tissues, expired medicines, old medical machines, used syringes and needles, used swabs, plasters and bandages, and others. 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: Non-Hazardous Waste, Bio-Hazardous/Infectious Waste
By Treatment: Incineration, Autoclaving, Chemical Treatment, Others
By Services: Onsite Services, Offsite Services
By Waste Generator: Hospitals, Clinics, Ambulatory Surgical Centers, 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. Among these regions, North America was the largest region in the global medical waste management market, accounting for 33.2% of the global market in 2021.
Medical waste management companies are increasingly adopting the use of microorganisms. Microorganisms that feed on waste are grown to manage levels of waste and ensure contamination remains minimal. These microorganisms break down medical waste into smaller particles before composting, the microbial community structure is crucial to help determine the compost maturity that modifies and evolves the composting process.
Major Market Players: Veolia Environment, Stericycle, Waste Management (WM), Suez Environment, Daniels Sharpsmart Inc.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Medical Waste Management Market Report 2022 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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