Global Medical Waste Management Market Report 2022 – Market Forecast, Trends And Strategies

The global medical waste management market size is expected to grow from $16.23 billion in 2021 to $17.03 billion in 2022 at a compound annual growth rate (CAGR) of 5.0%. The change in the medical waste management market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The medical waste management market is expected to reach $20.69 billion in 2026 at a CAGR of 5.0%.

What is the Global Medical Waste Management Market?

The medical waste management market consists of the revenue generated from establishments providing services that include collection, transportation, storage, treatment, disposal, and recycling of waste. Biomedical waste is generated during the diagnosis, treatment, and immunization of human beings or other living beings from healthcare facilities.

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What drives the Global Medical Waste Management Market?

The rise in the use of disposable medical products in healthcare facilities is expected to drive the medical waste management market. In a healthcare setting, most of the products used are meant for single-use to limit cross-contamination among patients and decrease hospital-acquired infection. The use of single-use or disposal products surged due to the COVID-19 pandemic outbreak. The widely used disposables like surgical gloves, disposable bed sheets, masks, surgical gowns, syringes, intravenous saline bags, and others account for most of the hospital waste. Therefore, the rise in the use of disposable medical products is expected to drive the medical waste management market.

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Global Medical Waste Management Market Segments
By Type: Bio-Hazardous/Infectious Waste, Non-Hazardous Waste, Sharps, Pharmaceutical, Radioactive, Others
By Treatment: Incineration, Autoclaving, Chemical Treatment, Others
By Services: Onsite Services, Offsite Services
By Application: Hospitals, Clinics, Ambulatory Surgical Centers, Pharmaceutical Companies, Biotechnology Companies, Others
By Geography: The regions covered in the medical waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Medical Waste Management Global Market Report 2022provides market size and growth forecasts for the global medical waste management market, global medical waste management market share, medical waste management market segments and geographies, medical waste management market competitive landscape including leading competitors’ revenues, profiles and market shares. The medical waste management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Medical Waste Management Industry Playersinclude Waste Management (WM), Citiwaste, Sanpro Waste, MedPro Waste Disposal, Sharps Compliance, BioServeUSA, BioMedical Waste Solutions, PureWay Total Compliance, Medasend, Veolia Environnement, Clean Harbors, EnviCare and Battelle. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.