Medical Waste Management Market: Global Industry Trends and COVID-19 Impact Analysis

The newly launched report by Stratview Research, titled ‘Medical Waste Management Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity has been bifurcated by Service Type (Collection, Transportation, and Storage Services; Treatment & Disposal Services; and Recycling Services), by Type of Waste (Non-Hazardous Waste, Hazardous Waste), by Treatment Site Type (Offsite Treatment, Onsite Treatment), by Waste Generator Type (Hospitals & Diagnostic Laboratories, Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report, the medical waste management market was estimated at USD 9.72 billion in 2022 and is likely to grow at a CAGR of 5.63% during 2023-2028 to reach USD 13.52 billion in 2028.
What is medical waste management?
Medical waste management is the proper management and disposition of biomedical wastes to protect the environment, the general public, and workers, especially healthcare and sanitation workers who are at risk of exposure to biomedical waste as an occupational hazard.
Medical waste management of different types, such as hazardous and non-hazardous that are used for onsite and offsite treatments.
COVID-19 Impact
An increase in the number of covid affected people led to an increase in medical waste tremendously. The increase in medical waste positively affected the market and it led to healthy growth in the medical waste management market.
Market Dynamics
The medical waste management market is set to rise in the coming years, due to several factors including -
• The rise in healthcare infrastructure, such as hospitals, laboratories, research centers, blood banks, etc. has spurred an increase in medical waste generation, necessitating demand for medical waste management services.
• The need for effective medical waste management amplifies during outbreaks of infectious diseases, such as Covid 19. A huge volume of medical waste is generated during such pandemics requiring effective waste management services.
• Governments of countries across the globe are implementing multiple large-scale medical waste initiatives. This, as a result, drives the demand for effective waste management.
• The increasing geriatric population, rising focus on healthcare, and increasing healthcare expenditure are also a few reasons behind the growth of medical waste management.
How does this report help?
Reports published by Stratview Research helps the users in several ways. The user can –
- Gain a deeper understanding of the market and the impact of Covid-19 on the market.
- Get rigorous analysis and progressive insights into the market across the globe.
- Assess current and future market trends, and challenges of the market.
- Gain a comprehensive view on the growth strategies of the key players.
- Get updates related to recent changes, M&As, new product launches and many such news related to the market, and even more.
Key Players
The following are the key players in the market-
• Veolia Environnement S.A.
• Suez Environnement S.A.
• Sharps Compliance, Inc.
• Waste Management, Inc.
• Clean Harbors, Inc.
• Remondis Se & Co. Kg
• Republic Services, Inc.
• Biomedical Waste Solutions LLC
• Daniels Sharpsmart Inc.
• Ecomed Services.
Read More: https://www.stratviewresearch.com/1192/medical-waste-management-market.html
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