Europe Medical Waste Management Market Size, Share & Industry Trends Analysis Report By Type of Waste (Non-hazardous and Hazardous), By Service, By Treatment & Disposal Type, By Treatment Site, By Waste Generator, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Medical Waste Management Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Several of the processes for treatment, dumping, and recycling generate noxious gases and substances, including mercury and oxides. These dangerous substances can pollute the land, the air, and the water, which can lead to the spread of infectious diseases that may result in cancer. Therefore, the rise is being fueled by elements like the creation and implementation of cutting-edge methods for the handling, getting rid of, and recycling of these materials. Furthermore, it is projected that favorable government measures to finance medical waste management programmes in developing markets will spur expansion.
If landfills are not built appropriately, the disposal of untreated medical wastes there could result in the pollution of surface, drinking, and ground waters. If chemical disinfectants used to treat medical waste are not managed, stored, and disposed of in an environmentally responsible manner, chemical compounds may be released into the ecosystem.
Germany's waste management must adhere to several rules and regulations. The "Closed Substance Cycle Waste Management Act," which governs waste prevention, reuse, recycling, and disposal, is the main legal instrument. Regulations for safety and infection control must also be followed. Hospitals must designate a person to be in charge of appropriate waste disposal. The employee should be relieved of other duties, based on the size of the facility. It is necessary to demonstrate to authorities that hazardous trash is disposed of properly. These stringent government regulations in the region is motivating medical companies to adopt effective medical waste management services, which would augment the growth of the regional market.
The Germany market dominated the Europe Medical Waste Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $878.5 million by 2028. The UK market would witness a CAGR of 4.4% during (2022 - 2028). Additionally, The France market is exhibiting a CAGR of 6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Medical Waste Management Market will Hit $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.
Scope of the Study
Market Segments Covered in the Report:
By Type of Waste
- Infectious & Pathological
- Sharp Waste
- Pharmaceutical Waste
- Collection, Transport & Storage
- Treatment & Disposal
- Chemical Treatment & Others
By Treatment Site
By Waste Generator
- Diagnostic Laboratories
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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)
- Stericycle, Inc.
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