The global Medical Waste Management Market size is expected to reach USD 59.42 billion by 2030, registering CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The development of innovative manufacturing techniques in pharmaceuticals, medical devices is growing at a rapid pace. The rise in hospitals, multispecialty clinics, and diagnostic centers that require a large number of inventories for day to day functioning is also leading to the generation of more waste. Thus, overall growth in the healthcare industry coupled with the rising patient population requiring to prolong medical and surgical aid is fueling the market growth.
Rapid growth in initiatives by the government to
support and raise funds for effective waste management is anticipated to drive
the market growth. These programs are conducted for creating awareness
regarding the importance of systems for proper waste disposal. Additionally,
taking steps to set standards and guidelines for the same is anticipated to
propel the market growth.
The medical waste management involves high capital
investment for managing hazardous by-products and disposal of infectious
material. This disposal and recycling processes are associated with the release
of hazardous gases and compounds which may disturb the ecosystem and are likely
to affect the industry growth.
List of Key Players of Medical Waste Management Market
- REMONDIS SE & Co. KG
- Republic Services, Inc
- Sharp Compliance, Inc
- Stericycle, Inc
- Suez environment
- Veolia
- Waste Management, Inc
- Clean Harbors, Inc.
- BioMedical Waste Solutions, LLC
- Daniels Sharpsmart, Inc.
Related Press Release@ Medical Waste Management Market Report
Medical Waste Management Market Report Highlights
- Based on treatment, the incineration segment led the market with a
largest revenue share of 39.73% in 2023, due to its simplicity and
convenience.
- Based on treatment site, the offsite segment led the market with the
largest revenue share of 58.86% in 2023, due to the rise in the use of
advanced, single-use surgical products.
- North America dominated the market with a revenue share of 30.36% in
2023. The advanced healthcare infrastructure in North America contributes
to the dominance of the region in the medical waste management sector.
Medical Waste Management Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD 37.45
billion |
|
Revenue
forecast in 2030 |
USD 59.42
billion |
|
Growth
rate |
CAGR of
8.0% from 2024 to 2030 |
|
Base year
for estimation |
2023 |
|
Historical data |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
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Medical Waste Management Market Segmentation
Grand View Research has segmented the global medical
waste management market by services, treatment, and region:
Medical Waste Management Treatment Site Outlook (Revenue,
USD Million, 2018 - 2030)
- Onsite
- Collection
- Treatment
- Recycling
- Others
- Offsite
- Collection
- Treatment
- Recycling
- Others
Medical Waste Management Treatment Outlook (Revenue, USD
Million, 2018 - 2030)
- Incineration
- Autoclaving
- Chemical treatment
- Others
Medical Waste Management Regional Outlook (Revenue, USD
Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
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