The North America Medical Waste Management Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).
The market for medical waste management is expanding as a result of the exponential development in the variety of medical waste. The volume of different medical wastes, like infectious, biological safety cabinets, photochemical & pathological waste, cytostatic, slides/paraffin blocks, old medicines, old X-ray film, solvents, and chemicals, is increasing as a result of the expansion of the pharmaceutical as well as healthcare industries, particularly in the emerging economies. This is anticipated to result in an increase in demand for cutting-edge recycling and disposal technology that will make it easier to treat various types of healthcare waste effectively and sustainably.
The pharmaceutical sector is quickly developing novel manufacturing methods for pharmaceuticals and medical equipment. Additionally, the industry is expanding as seen by the effective supply of inventory needed for clinics, hospitals, and diagnostic facilities to run on a daily basis. This causes more garbage to be produced. For the proper collection, disposal, transportation, and recycling of particular materials or by-products, as needed, various by-products and residues require a system or service.
Medical waste is typically given alternate treatments to make it non-infectious so that it could be treated of as solid garbage in landfills or incinerators. Medical waste treatment methods must be approved, licensed, or regulated according to laws in several states. In Canada, there are differences between the ways that the various provinces manage medical waste. Regulations regarding the processing and disposal of medical waste are not uniform throughout all provinces. On-site incinerators for BMW sterilization, however, seem to be being replaced by centralized provincial facilities in Canada's hospitals. Owing to these growing efforts of government to dispose medical waste generated across the region, the demand for efficient medical waste management would surge in the coming years.
The US market dominated the North America Medical Waste Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,360.5 million by 2028. The Canada market experiencing a CAGR of 7.2% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 6.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Medical Waste Management Market is Estimated to reach $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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