Global Medical Waste Management Market Waste Generator, Type of Waste, Key Players Analysis and Forecasts 2022-2027

The global medical waste management market is projected to reach USD 12.6 billion by 2027 from USD 9.6 billion in 2022, at a CAGR of 5.6% during the forecast period. Market growth is driven by factors such as an increase in traumatic and burn injuries, an increase in a number of surgical wounds and increased hospital stays. On the other hand, challenge associated with medical waste management services is lack of awareness about medical waste management in developing countries is the major factor hampering the growth of this market.

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"The collection, transport and storage services segment accounted for the highest growth rate in the medical waste management market, by services, during the forecast period"
The medical waste management market is segmented into collection, transport and storage services, treatment & disposal services and recycling services. In 2021, the collection, transport and storage services segment accounted for the highest growth rate in the medical waste management market. Increase in need of extensive care for increased traumatic and surgical injuries are major factor contributing to the growth of this segment.

"The non-hazardous waste segment accounted for the highest growth rate in the medical waste management market, by type of waste, during the forecast period"
The medical waste management market is segmented into non-hazardous waste and hazardous waste based on type of waste. In 2021, the non-hazardous waste segment accounted for the highest growth rate in the medical waste management market. An increasing number of diabetic patients and other health conditions are major factors contributing to the growth of this segment.

"Offsite treatment segment accounted for the highest share"
Based on the treatment site, the medical waste management market has been segmented into offsite treatment and onsite treatment. In 2021, the offsite treatment segment accounted for the highest CAGR. This can be attributed to the increasing number of surgeries and increased hospitalization.

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"Hospital & diagnostic laboratories segment accounted for the highest share"
Based on waste generator, the medical waste management market has been segmented into hospital & diagnostic laboratories and other waste generators. In 2021, the hospital & diagnostic segment accounted for the highest CAGR. This can be attributed to the rising adoption of single use surgical equipment's.

"Asia Pacific: The fastest-growing region in medical waste management market"
The global medical waste management market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is projected to register the highest CAGR during the forecast period. Rising focus on spreading awareness of medical waste management and increased focus on patient care are driving the growth of the medical waste management market in this region.

The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 -30%
• By Designation: C-level - 27%, D-level - 18%, and Others - 55%
• By Region: North America -51%, Europe - 21%, Asia Pacific - 18%, Latin America - 6%, and the Middle East & Africa - 4%

Lists of Companies Profiled in the Report:
• Stericycle (US)
• Veolia Environnement S.A. (France)
• Sharps Compliance, Inc. (US)
• Waste Management, Inc. (US)
• Clean Harbors, Inc. (US)
• REMONDIS SE & CO. KG. (Germany)
• BioMedical Waste Solutions LLC (US)
• Daniel Sharpsmart, Inc. (Australia)
• Republic Services, Inc. (US)
• EcoMed Services (US)
• GRP & Associates, Inc. (US)
• BWS, Inc. (US)
• MedPro Disposal (US)
• GIC Medical Disposal (Canada)
• Gamma Waste Services (US)
• Triumvirate Environmental, Inc. (US)
• EPCO (Saudi Arabia)
• All Medical Waste Australia PTY. LTD. (Australia)
• Casella Waste Systems (US)
• Pro-Disposal (Georgia)
• SSO Medical Waste Management (US)
• SafeGuard Waste Solutions (US)
• MedWaste Industries, Inc. (US)
• Dulsco (Dubai)

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Research Coverage:
This report provides a detailed picture of the global medical waste management market. It aims at estimating the size and future growth potential of the market across different segments, such as services, type of waste, treatment site, waste generator and region. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies.

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