The Global Medical Waste Management Market will Hit $13.1 Billion by 2028, at a CAGR of 5.5%

Published Date: 23-Sep-2022

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Medical Waste Management Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Medical Waste Management Market size is expected to reach $13.1 billion by 2028, rising at a market growth of 5.5% CAGR during the forecast period.

The Non-hazardous market is leading the Global Medical Waste Management Market by Type of Waste in 2021, thereby, achieving a market value of $9.3 billion by 2028. The market is growing as a result of factors like a rise in surgical operations and healthcare facilities. Plastic packaging, paper & cardboard, clean glass & plastic, and office supplies are a few examples of non-hazardous medical waste. Aerosol cans are commonly used to store medical supplies and medications.

The Treatment & Disposal market is showcasing a CAGR of 5.9% during (2022 - 2028). Before being transported and safely disposed of, some medical waste can be disinfected using an autoclave. In order to destroy germs for infection management, the Centers for Disease Control and Prevention (CDC) advise steam sterilization at 2500 or 2700. Autoclaves are thus mostly employed to control medical waste after which the waste is deemed non-infectious.

The Offsite market is generating high revenue in the Global Medical Waste Management Market by Treatment Site in 2021, thereby, achieving a market value of $8.9 billion by 2028. The expansion of this market is being driven by a rise in the usage of technologically sophisticated single-use surgical products. In addition, it is caused by the rise in chronic disease incidence, improvements in R&D in the healthcare industry, and the application of cutting-edge technologies in waste management.

The North America market dominated the Global Medical Waste Management Market by Region in 2021, thereby, achieving a market value of $4.6 billion by 2028. The Europe market would showcase a CAGR of 5.2% during (2022 - 2028). Additionally, The Asia Pacific market is experiencing a CAGR of 6.2% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/medical-waste-management-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Medical Waste Management Market Segmentation

By Type of Waste

  • Non-hazardous
  • Hazardous
    • Infectious & Pathological
    • Sharp Waste
    • Pharmaceutical Waste
    • Others

By Service

  • Collection, Transport & Storage
  • Treatment & Disposal
    • Incineration
    • Autoclaving
    • Chemical Treatment & Others
  • Recycling

By Treatment Site

  • Offsite
  • Onsite

By Waste Generator

  • Diagnostic Laboratories
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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.

Unique Offerings from KBV Research

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  • The highest number of Market tables and figures
  • Subscription-based model available
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  • Assured post sales research support with 10% customization free

Related Reports:

North America Medical Waste Management Market size & Opportunities 2022-2028

Europe Medical Waste Management Market & Growth Forecast 2022-2028

Asia Pacific Medical Waste Management Market Share & Industry Outlook to 2028

LAMEA Medical Waste Management Market Growth, Trends & Forecasts 2022-2028

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