Medical Waste Management Market Size Expected to Reach $12.834 Billion by 2030

Medical waste management market size was valued at $7.226 billion in 2020, and is estimated to reach $12.834 billion by 2030, growing at a CAGR of 5.8% from 2021 to 2030. Medical waste management is defined as the measures taken to ensure safe and environmentally sound management of health care waste. It enables to prevent adverse health and environmental impact from medical wastes, which are produced by release of biological & chemical hazards and drug resistant microorganisms. Medical waste management services aim to protect health of patients, physicians, health workers and the general public. There are various types of medical waste generated from hospitals, clinics, and pharmaceutical industries such as infectious waste, pathological waste, sharps waste, chemical waste, pharmaceutical waste, cytotoxic waste, and non-hazardous waste.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Key players operating in the global medical waste management market include Biomedical Waste Solutions, LLC, Clean Harbors, Inc., Daniels Health Inc., EcoMed Services, Remondis Medison (A Subsidiary of Remondis Ag & Co.Kg), Republic Services, Inc., Stericycle, Inc., Suez Environmental Services, Veolia Environmental services, and Waste Management, Inc

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/762

𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼:
The COVID-19 outbreak is anticipated to have a positive impact on growth of the global medical waste management market. The COVID-19 pandemic has stressed healthcare systems in the world and increased volume of medical waste, which are produced from hospital, diagnostic centers, research centers, laboratories, and clinics. According to the Central Pollution Control Board (CPCB), in 2020, it was reported that approximately 18,000 tons of COVID-19 related biomedical waste are produced in India, between June and September 2020. Biomedical waste produced due to COVID-19 are gloves, face masks, head covers, personal protective equipment, and other medical equipment. As per the data published in CPCB, 198 common Bio-medical waste treatment facilities (CBWTFs) are engaged in treatment and disposal of COVID-19 biomedical waste in India. Furthermore, as per the data of the Organization for Economical Co-operation and Development (OECD), in 2020, it was reported that hospital in Wuhan city of China, produced more than 240 tons of single use plastic based medical waste in one day. Subsequently, this leads to increase in demand for medical waste management services.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/762

The medical waste management market is segmented on the basis of service, type of waste, treatment site, and region. On the basis of service, the market is divided into collection, transportation, and storage services, treatment & disposal services, and recycling services. The collection, transportation, and storage services segment dominated the market in 2020, and is expected to continue this trend during the forecast period, owing to increase in demand for incineration, rise in prevalence of chronic diseases, and advancement in technology for medical waste treatment.

On the basis of type of waste, the market is classified into non-hazardous waste and hazardous waste. The non-hazardous waste segment dominated the market in 2020, and is expected to continue this trend during the forecast period, owing to surge in number of hospitals & clinics and increase in demand for healthcare products for treatment of disease. On the basis of treatment site, it is classified into offsite treatment and onsite treatment. The offsite treatment segment dominated the market in 2020, and is expected to continue this trend during the forecast period, owing to increase in prevalence of chronic diseases, advancements in R&D activities in the healthcare sector, and use of innovative technologies in the waste management.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

• By service, the collection, transportation, and storage services segment was the highest contributor to the market in 2020.
• By type of waste, the non-hazardous waste segment was the highest contributor to the market in 2020.
• By treatment site, the offsite segment dominated the market in 2020 and is expected to continue this trend during the forecast period.
• By region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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