GCC Healthcare Waste Management Market Size, Share, Demand, Trends, Growth and Forecast Report to 2021-26

The GCC Healthcare Waste Management Market is expected to grow at a CAGR of 14% in the forecast period of 2021-26, says MarkNtel Advisors. The market growth primarily attributes to the rising environmental concerns, coupled with bolstering medical waste generation, owing to population growth and economic development. This waste, if poorly managed, can cause serious health & environmental impacts.

In addition to this, the risk of spreading drug-resistant micro-organisms through the waste generated from the healthcare sector leads to the propelling need for a proper healthcare waste management system, further states the research report, “GCC Healthcare Waste Management Market Analysis, 2021.”

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Key Questions Answered in the Study
1. What are the current and future trends in the GCC Healthcare Waste Management market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the GCC, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the GCC Healthcare Waste Management market?
5. What are the customer orientation, purchase behavior, and expectations from the Healthcare Waste Management service providers across GCC nations?

Impact of COVID-19 Pandemic on the GCC Healthcare Waste Management Market

Due to the COVID-19 pandemic, the World Health Organization has mandated wearing face masks in public areas, which has dramatically surged the production, use, and disposal of these face masks across GCC nations. In addition to this, the use of plastic-based PPE kits has also multiplied during the pandemic. Hence, the requirement for the appropriate medical waste management system to avoid cross-contamination has significantly increased.

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Although the use of face masks & PPE kits has reduced the spread of disease, their disposal has raised serious concerns regarding plastic pollution. Further, the surging use of personal protective equipment, such as gloves, face masks, & eye protection, and their immediate disposal after use has increased the demand for the proper waste management systems, thereby augmenting the overall market growth.

“GCC Healthcare Waste Management Market Analysis, 2021” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, it also provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.

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Collection Dominated the GCC Healthcare Waste Management Market, Transportation & Storage Acquired Significant Market Share

Based on the Services, the market bifurcates into Collection, Transportation & Storage, Recycling, and Treatment & Disposal. Among these four segments, Collection services acquired the largest share of the GCC Healthcare Waste Management Market in the previous few years. Adequate collection of medical waste plays a crucial role in the safety aspects. Healthcare workers & patients rely on a continuous waste collection process to keep the medical facility safe & efficient.

On the other hand, the Transportation & Storage segment acquired a significant market share. Healthcare waste is heavy, bulky, and hazardous that requires wheeled trolleys exclusively assigned for the storage & transportation of medical wastes to reduce the risk of exposure to infectious material. Additionally, improper disposal of sharps, which may protrude from a storage box and cause accidents or injuries, fueled the demand for special transportation & storage means, thereby contributing to the segment growth.

Key Market Competitors:
According to MarkNtel Advisors, the leading industry players in the GCC Healthcare Waste Management Market are Remondis Medison GmbH, Suez Environment S.A, Veolia Environment S.A., Averda, SEPCO Environment, Saudi Investment Recycling Company, Others.

Market Segmentation:
1. By Type of Waste (Hazardous, Non-Hazardous)
2. By Treatment Type (Chemical, Incineration, Autoclaving)
3. By Services (Collection, Transportation & Storage, Recycling, Treatment & Disposal)
4. By Treatment Site (Onsite, Offsite)
5. By End Users (Hospitals, Clinics, and Medical Research Institutes, Laboratories. Pharmaceutical companies, Blood Banks, Others)
6. By Country (UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait)
7. By Competitors (Remondis Medison GmbH, Suez Environment S.A, Veolia Environment S.A., Averda, SEPCO Environment, Saudi Investment Recycling Company, Others)

MarkNtel Advisors
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About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.