The Asia Pacific Medical Waste Management Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
The illegal trade in used medical gear and equipment is one of the major worries that is being reduced by appropriately managing hospital trash. As it is common news to use discarded syringes, this example is fairly well-known. The main factors behind the extensive spread of infections are the health dangers associated with using syringes and needles. When used again, discarded syringes and needles that have been infected with an unknown chemical run the risk of spreading several diseases.
Low injury reports of medical staff suffering workplace injuries are generally anticipated when healthcare businesses adhere to and execute proper health waste management. 300,000 needlestick as well as other sharps-related injuries to healthcare workers occur just in the US each year. That number is extremely alarming considering the range of health issues that can result from needlestick injuries. However, this is being addressed with proper trash processing & management, and progressively, reports are declining.
About 199 medical waste centers had been built as of May 2008, as reported by the China Academy of Environmental Planning's most recent progress report. In order to more effectively track the development of the aforementioned building plan, MEP performed yearly audits of the handling and disposal of medical waste in a few cities in 2004 and 2005. These audits were featured in MEP's annual State of Environment in China report. Detailed budget clearances for construction projects for facilities to process hazardous and medical waste were noted in the 2006 State of the Environment report. Owing to these regulations of disposing medical waste, the demand and growth of the regional medical waste management market would escalate during the forecast period.
The China market dominated the Asia Pacific Medical Waste Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,054.1 million by 2028. The Japan market is anticipated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The India market would witness a CAGR of 6.9% during (2022 - 2028).
Based on Type of Waste, the market is segmented into Non-hazardous and Hazardous. Based on Hazardous Waste Type, the market is segmented into Infectious & Pathological, Sharp Waste, Pharmaceutical Waste and Others. Based on Service, the market is segmented into Collection, Transport & Storage, Treatment & Disposal and Recycling. Based on Treatment & Disposal Type, the market is segmented into Incineration, Autoclaving and Chemical Treatment & Others. Based on Treatment Site, the market is segmented into Offsite and Onsite. Based on Waste Generator, the market is segmented into Diagnostic Laboratories and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Medical Waste Management Market is Projected to reach USD 13.1 Billion by 2028, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Veolia Environnement S.A., Waste Management, Inc., Clean Harbors, Inc., Remondis SE & Co. KG (Rethmann Se & Co. Kg), Biomedical Waste Solutions, LLC, Daniels Sharpsmart, Inc. (Daniel Health), Sharps Compliance, Inc., Republic Services, Inc. (Cascade Investment Group, Inc.), EcoMed Services (Tristel Plc) and Stericycle, Inc.
By Type of Waste
By Service
By Treatment Site
By Waste Generator
By Country
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