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Medical Waste Management Market Size, Share, Growth, Latest Trends, Industry Analysis By 2033
Medical Waste Management Market Size
As per the report, the medical waste management market size has grown strongly in recent years. It will grow from $18.79 billion in 2023 to $19.73 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The medical waste management market size is expected to see steady growth in the next few years. It will grow to $23.88 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
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Surge In Disposable Medical Products Fuels Growth Of The Medical Waste Management Market
The rise in the use of disposable medical products in healthcare facilities is expected to drive the medical waste management market. In a healthcare setting, most of the products used are meant for single-use to limit cross-contamination among patients and decrease hospital-acquired infection. The use of single-use or disposal products surged due to the COVID-19 pandemic outbreak. The widely used disposables like surgical gloves, disposable bed sheets, masks, surgical gowns, syringes, intravenous saline bags, and others account for most of the hospital waste. Therefore, the rise in the use of disposable medical products is expected to drive the growth of medical waste management market.
Sustainability And Recycling Is A Key Trend In Medical Waste Management
Recycling is expected to become a key trend in medical waste management. The ongoing medical supplies shortage due to the COVID-19 pandemic has resulted in the need for more sustainable recycling of medical products. Battelle Critical Care Decontamination System, which was approved in April 2020 by Food and Drugs Administration (FDA), uses hydrogen peroxide for the decontamination of N95 respirators and PPE kits.
The medical waste management market covered in this report is segmented -
1) By Type: Non-Hazardous Waste, Bio-Hazardous/Infectious Waste
Bio-Hazardous/Infectious Waste Management sub segmented By Type: Sharps, Pharmaceutical, Radioactive, Others
2) By Treatment: Incineration, Autoclaving, Chemical Treatment, Others
3) By Services: Onsite Services, Offsite Services
4) By Waste Generator: Hospitals, Clinics, Ambulatory Surgical Centers, Pharmaceutical Companies, Biotechnology Companies, Others
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Major companies operating in the medical waste management market report are Stericycle, Inc., Waste Management, Inc., Veolia Environmental Services, Clean Harbors, Inc., Suez Environmental Services, Republic Services, Inc., Sharps Compliance Inc., Daniels Health Inc., Biomedical Waste Solutions, LLC, Remondis SE & Co KG, A2Z Green Waste Management Ltd, BVG India Ltd, Tatva Global Environment Ltd, Hanjer Biotech Energies Pvt. Ltd, The SafeGroup, Initial Medical, PHS, Medisort Ltd, Biffa Waste Services, BioSter SA, EKOMED Sp. z o.o, Medbox, Medikal Polska Sp. z o.o, ARTECH Reduction Technologies, Environmental Waste International Inc, Pilot Performance Resources Management, Inc., Eco Medical, United Medical Waste Management, MedPro Disposal, Sanpro, Myron L Company, Picvisa Machine Vision Systems S.L.U, Tana Oy, Presona AB, Lindner-Recyclingtech GmbH, DILO Armaturen und Anlagen GmbH, Propex Operating Company, LLC, Lamor Corporation Ab, Globalex Enviro LLC, Condor Medical Waste Treatment Company LLC, Green Mountains Environment And Transport Services, Mazaya Waste Management LLC, Averda Waste Management, Al Dhafra Waste Collection LLC, Compass Medical Waste Services (Pty) Ltd, Kudoti (Pty) Ltd, Med-X Waste Solutions (Pty) Ltd
Contents of the report:
1. Executive Summary
2. Medical Waste Management Market Report Structure
3. Medical Waste Management Market Trends And Strategies
4. Medical Waste Management Market - Macro Economic Scenario
5. Medical Waste Management Market Size And Growth
…..
27. Medical Waste Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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