The medical waste management market is expected to reach US$ 16,495.8 Mn in 2027 from US$ 10,563.2 Mn in 2018. The market is estimated to grow with a CAGR of 5.2% from 2019-2027.
The significant factors that are driving the growth of the market include increasing medical waste, initiatives undertaken for medical waste management and the increasing number of patient admissions across the globe. However, lack of awareness about health hazards associated with medical waste is one of the major restraint refraining for the growth of the market to a certain extent. The Asia Pacific region market is the fastest-growing market among all regions and is expected to grow with CAGR of 6.0%. The market for medical waste management in the Asia Pacific region is expected to reach US$ 3,845.2 Mn in 2027 from US$ 2,282.8 Mn in 2018.
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Major Players in This Report Include:
Medasend Biomedical, Inc.
Sharps Compliance, Inc.
Clean Harbors, Inc.
Daniels Sharpsmart, Inc.
REMONDIS SE & Co. KG
Republic Services, Inc.
Waste Management, Inc.
Global Medical Waste Management Market – By Service Type
Transportation & Storage
Treatment & Disposal
Global Medical Waste Management Market – By Treatment Type
Global Medical Waste Management Market – By Treatment Site
With modern medicine continuing to maintain and sustain the current quality of wellness and care standards, the medical industry continues to produce an enormous amount of byproducts that can pose an adverse threat to both people and environment. Healthcare waste has witnessed comparatively lower attention in developing economies that have led to increasing diseases occurring due to side-effects of these waste products. According to the World Health Organization, an estimated 16 billion injections are administered across the globe in 2018, however not all the sharps and needles and disposed of orderly after their use. According to a report published by biomedical Waste Solutions, 5.9 million tons of medical waste was produced by American hospitals in 2018.
• Comprehensive overview of parent market & substitute market
• Changing market dynamics in the industry (COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
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