According to the report “Medical Waste Management Marketin terms of revenue was estimated to be worth $9.6 billion in 2022 and is poised to reach $12.6 billion by 2027, growing at a CAGR of 5.6% from 2022 to 2027. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. Market growth is driven by the rising use of reusable surgical products and increased awareness programmes for medical waste management in developed countries.

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Growing preference disease and health conditions that affects other health healing capabilities, increasing prevalence of obesity and disease associated to it are among the other factors. Emerging economies such as India and Japan are providing lucrative opportunities for the players operating in the medical waste management market.

Key Market Players

The major players operating in this market are Stericycle (US), Veolia Environnement S.A. (France), Sharps Compliance, Inc. (US), Waste Management, Inc. (US), Clean Harbors, Inc. (US), REMONDIS SE & CO. KG. (Germany), BioMedical Waste Solutions LLC (US), Daniel Sharpsmart, Inc. (Australia), Republic Services, Inc. (US), EcoMed Services (US), GRP & Associates, Inc. (US), BWS, Inc. (US), MedPro Disposal (US), GIC Medical Disposal (Canada), Gamma Waste Services (US), Triumvirate Environmental, Inc. (US), EPCO (Saudi Arabia), All Medical Waste Australia PTY. LTD. (Australia), Casella Waste Systems (US), Pro-Disposal (Georgia), SSO Medical Waste Management (US), SafeGuard Waste Solutions (US), MedWaste Industries, Inc. (US), Dulsco (Dubai).

Driver: increasing volume of healthcare waste

The healthcare industry has shown significant growth in medical waste management, which drives the market. An increase in demand for healthcare services across the globe has resulted in increased hospitals, laboratories, research centers, mortuaries, autopsy centers, blood banks, and collection activities, which have increased the demand for medical waste management.

Opportunity: increasing number of awareness programmes for medical waste management in developed countries

In developed countries such as the United States and the United Kingdom, there is an increase in initiatives such as awareness programmes and conferences aimed at raising awareness of proper medical waste management and preventing medical waste mishandling.

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The hospital & diagnostic laboratories accounted for the largest share of the medical waste management market, by waste generator segment.

Based on waste generator, the medical waste management market has been segmented into hospital & diagnostic laboratories and other waste generators. The hospital & diagnostic laboratories segment accounted for the largest share of the medical waste management market, mainly due to the Increasing number of awareness programs for medical waste management in developed countries.

North America is the largest regional market for medical waste management market

The global medical waste management market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for medical waste management market. The large share of North America in this market can be attributed to the rising focus on appropriate waste management and focus on providing healthcare facilities for health conditions like diabetes.

Report Link: Medical Waste Management Market

Recent Developments:

• In February 2022, Republic Services, Inc. (US) acquired US Ecology (US) to expand its footprint across the US and Canada.
• In December 2021, Veolia Environnement S.A. (France) launched the Vigie Covid-19 solution, which can track signs of the Omicron variant in wastewater, acting as an early warning system for monitoring the progression of the pandemic.
• In October 2020, Waste Management, Inc. (US) acquired Advanced Disposal (US). This acquisition expanded Waste Management’s footprint and provided access to sustainable waste management and recycling services to customers in the US.

TABLE OF CONTENTS

1 INTRODUCTION (Page No. – 30)

• STUDY OBJECTIVES
• MARKET DEFINITION
• MARKETS COVERED
  • MEDICAL WASTE MANAGEMENT MARKET SEGMENTATION
  • YEARS CONSIDERED
• CURRENCY
• LIMITATIONS

• RESEARCH METHODOLOGY (Page No. – 34)
• EXECUTIVE SUMMARY (Page No. – 46)

FIGURE 8 MEDICAL WASTE MANAGEMENT MARKET, BY SERVICE, 2022 VS. 2027

FIGURE 9 MARKET, BY TYPE OF WASTE, 2022 VS. 2027

FIGURE 10 MARKET, BY TREATMENT SITE, 2022 VS. 2027

FIGURE 11 MARKET, BY WASTE GENERATOR, 2022 VS. 2027

• PREMIUM INSIGHTS (Page No. – 50)
  • MEDICAL WASTE MANAGEMENT INDUSTRY OVERVIEW
  • MARKET SHARE, BY SERVICE, 2022 VS. 2027
  • MARKET SHARE, BY TYPE OF WASTE, 2022 VS. 2027
  • MARKET SHARE, BY TREATMENT SITE, 2022 VS. 2027
• MARKET OVERVIEW (Page No. – 54)
  • INTRODUCTION
  • MARKET DYNAMICS
  • PATENT ANALYSIS
  • VALUE CHAIN ANALYSIS

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