Press release
Medical Waste Management Market Size Expected to Reach $12.834 Billion by 2030
Medical Waste Management Market
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
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
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/762
๐๐ผ๐๐ถ๐ฑ-๐ญ๐ต ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ:
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.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ 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.
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โข By service, the collection, transportation, and storage services segment was the highest contributor to the market in 2020.
โข By type of waste, the non-hazardous waste segment was the highest contributor to the market in 2020.
โข By treatment site, the offsite segment dominated the market in 2020 and is expected to continue this trend during the forecast period.
โข 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.
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