The Global Medical Waste Management Market Is Predicted To Reach A Valuation Of US$ 25.2 Bn By 2028

The healthcare industry has witnessed major changes in its trends over the past decade and the industry is anticipated to be in a constant state of flux over the forecast period as well. The burden on healthcare institutions has increased as the rate of hospitalization due to chronic diseases has significantly risen which subsequently has increased the volume of waste generated.

Stringent government mandates to manage waste are also promoting healthcare institutions to deploy better services for radioactive waste management, genotoxic waste management, and chemotherapeutic waste management.
Increasing aging population, rising focus on healthcare, and increasing healthcare expenditure are other factors that will drive demand for medical waste management in the coming years.
Lack of awareness about the environmental and health hazards of improper waste management are expected to have a hindering effect on market growth. From 2021 to 2028, the market for medical waste management is projected to rise at a CAGR of 6.2% from 2021 to 2028, as per Fact.MR, a market research and competitive intelligence provider.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4804

𝐖𝐢𝐥𝐥 𝐂𝐡𝐞𝐦𝐨𝐭𝐡𝐞𝐫𝐚𝐩𝐞𝐮𝐭𝐢𝐜 𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐞𝐞 𝐇𝐢𝐠𝐡 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐔.𝐒.?
"Increasing Incidence of Cancer Aiding Market Expansion"
The U.S. has been recording an increase in the number of cancer patients in the past years, and this trend does not seem to be slowing down. This has spawned huge demand for chemotherapy cancer treatment, and the waste generated by this treatment is also expected to see substantial increase through 2028.
Hence, demand for chemotherapeutic waste management will be prominent in the nation.
Genotoxic waste management and pharmaceutical waste management are also expected to be areas of interest for medical waste management service providers as the nation sees high pharmaceutical and biotechnology activity.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

By Nature of Waste:
• Non-hazardous Medical Waste Management
• Hazardous Medical Waste Management

By Waste Type:
• Sharps
• Infectious & Pathological Waste
• Radioactive Waste Management
• Pharmaceutical Waste Management
• Non-infectious Waste

By Waste Generator Type:
• Large Quantity Waste Generators
• Hospitals
• Public
• Private
• Pharmaceutical & Biotechnology Companies
• Mid & Small Quantity Waste Generators
• Clinics & Physician's Offices
• Retail Pharmacies
• Ambulatory Surgical Centers & Long Term Care Centers
• Laboratories
• Pathological Laboratories
• Diagnostic Imaging Laboratories
• Academic & Research Institutes
• Blood Banks
• Others (Veterinary, Mortuary and Autopsy Centers, Home Healthcare, Military & Government, Nursing Homes, Tattoo Parlors)

By Service Type:
• On-site Medical Waste Management Services
• Off-site Medical Waste Management Services

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲-𝐰𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐏𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐎𝐟𝐟-𝐬𝐢𝐭𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬?

"Increasing Outsourcing of Waste Management to Drive Demand for Off-site Services"
On-site hospital waste disposal comes with multiple challenges associated with it and also incurs additional costs for medical facilities which could be cut down to some extent by outsourcing this to a third party.
Increasing popularity of outsourcing of services in the healthcare industry is expected to boost demand for off-site services across the world. This segment is anticipated to account for more than 3/5 of the global market share by the end of the forecast period.
These services are expected to be deployed especially for radioactive waste management and infectious waste management as the on-site nature of these would be a potentially high risk to healthcare professionals as well as patients in the vicinity.

𝐖𝐡𝐢𝐜𝐡 𝐓𝐲𝐩𝐞 𝐨𝐟 𝐖𝐚𝐬𝐭𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐌𝐨𝐬𝐭 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭?

"Non-infectious Waste Holds Major Market Share"
Hospitals and other medical institutions produce multiple types waste of which are coarsely bifurcated into infectious and non-infectious. Non-infectious waste is more in volume and services for this waste management are high in availability.
The non-infectious waste management segment is projected to account for more than 70% of the global medical waste management market landscape over the forecast period.
However, demand for infectious waste management is also expected to rise as there is an increase in this waste owing to the rising prevalence of chronic and infectious diseases.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4804

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
Key medical waste management service providers are investing in the expansion of their services by focusing on mergers and acquisitions that will help them strengthen their market presence across the world.
• In April 2022, Curtis Bay Medical Waste Services, a leading waste management organization based in Maryland, United States, was acquired by Aurora Capital Partners. This acquisition was aimed at bolstering the market presence of the firm in the global landscape.

Key Market Players:
• Stericycle
• Republic Services Inc.
• Veolia
• US Ecology Inc.
• BioMedical Waste Solutions LLC
• Clean Harbours Inc.
• Waste Management Inc.
• Sharps Compliance Inc.
• Daniels Health
• BWS Incorporated
• Alba Services GmbH & Co. KG

𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲

The study offers comprehensive analysis on diverse features, including speculative and current production capacity, capacity utilization rates, captive consumption rates, grade-wise pricing, revenue growth and list of consumers with consumption quantity, trade analysis, product enhancements, and revenue generation from flame resistant and retardant fabric across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the revenue through of flame resistant and retardant fabric during the forecast period.

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