Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the medical waste management market provides an in-depth analysis of segments and sub-segments in the global as well as regional medical waste management market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical waste management market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global medical waste management market. According to the report, the global medical waste management market is projected to grow at a CAGR of nearly 5% over the forecast period of 2022-2028.
The revenue generated by the global
medical waste management market was about USD 140 million in 2022 and is
expected to reach over USD 190 million in 2028 and is expected to grow with a
CAGR of nearly 5% over the forecast period 2022-2028. Medical waste management
is solid or liquid wastage generated during the diagnosis, treatment, and
immunization of humans or animals from health facilities, for example,
hospitals, pharmaceuticals, nursing homes, healthcare offices, and others.
Numerous treatment options already exist for the management of these products,
which comprises incineration. Furthermore, medical waste management depends
on effective waste segregation. If it is not carried out properly, then there
is always a chance of a small quantity of hazardous stuff getting mixed with a
huge amount, ultimately leading to contamination of complete volume. Owing to
the highest utilization of biomedical products and technologies, the rising
old-age population, increasing health care expenses, and severe laws for the
market is expected to grow substantially.
The global market is propelled by numerous factors, such as the increasing volume of such products, growing focus on the management of medical wastage, and stringent regulatory framework to manage these safely and in an eco-friendly way. The medical waste management market is much fragmented and includes a large number of waste management giants as well as emerging players. Furthermore, emerging players have a good opportunity to enter the market, due to the availability of research funding, favorable regulatory scenarios, and laws helping the upcoming players. In addition, the threat of substitute products and extreme competitive scenarios prevalent in the medical waste management market are anticipated to restrain the market growth during the forecast period.
Among the geographies, the North American region is expected to hold the largest share in the global medical waste management market owing to the high-quality healthcare and modern medical technology in the region. Moreover, the growing aging population and stringent regulations in the US are anticipated to positively contribute to the growth of the market. However, the Asia Pacific region is projected to grow with a considerable CAGR in the medical waste management market over the projection period. The ongoing transformation of healthcare delivery systems into advanced value-based healthcare practices that create a sustainable health system is projected to contribute to the overall growth of the market during the projection period.
The report on the global medical waste management market covers segments such as type of waste, service type, treatment type, and treatment site. On the basis of type of waste, the sub-markets include hazardous waste, and non-hazardous waste. On the basis of service type, the sub-markets include collection, transportation, & storage, recycling, treatment & disposal, and other services. On the basis of treatment type, the sub-markets include chemical treatment, incineration, autoclaving, and other treatments. On the basis of treatment site, the sub-markets include onsite treatment, and offsite treatment.
The report provides profiles of the companies in the market such as Waste Management, Inc., Remondis Medison, Republic Services, Inc, Veolia Environnement S.A., Stericycle, Inc., Daniels Sharpsmart Inc., Sharps Compliance, Inc., Biomedical Waste Solutions, Llc., Clean Harbors, Inc., and Suez Environnement S.A.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the medical waste management market. Moreover, the study highlights
current market trends and provides forecasts from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.