The Business Research Company’s report on the Medical Waste Management Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the medical waste management industry?
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 growth of medical waste management market.
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What is the estimated market size of the medical waste management sector by 2029, based on current forecasts?
The medical waste management market size has grown steadily in recent years. It will grow from $18.91 billion in 2024 to $19.79 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to increasing importance for effective waste management and growing government initiatives for medical waste disposal.
The medical waste management market size is expected to see strong growth in the next few years. It will grow to $24.32 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rise in the use of disposable medical products, increasing adoption of new guidelines by prominent industry players, innovative technologies, and increasing volume of medical waste are expected to drive the market. Major trends in the forecast period include adapting new treatment methods, adopting emerging technologies like microwaving technology, introducing new recycling services, mergers and acquisitions, and adoption of environment friendly waste treatment.
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#Who are the top players in the medical waste management market?
Major companies operating in the medical waste management market include Stericycle Inc., Waste Management Inc., Veolia Environmental Services, Clean Harbors Inc., Suez Environmental Services, Republic Services Inc., Sharps Compliance Inc., Daniels Health Inc., Biomedical Waste Solutions LLC, Remondis SE & Co KG, A2Z Green Waste Management Ltd, BVG India Ltd, Tatva Global Environment Ltd, Hanjer Biotech Energies Pvt. Ltd, The SafeGroup, Initial Medical, PHS, Medisort Ltd, Biffa Waste Services, BioSter SA, EKOMED Sp. z o.o, Medbox, Medikal Polska Sp. z o.o, ARTECH Reduction Technologies, Environmental Waste International Inc, Eco Medical, United Medical Waste Management, MedPro Disposal, Sanpro, Picvisa Machine Vision Systems S.L.U, Tana Oy, Presona AB, Lindner-Recyclingtech GmbH, Globalex Enviro LLC, Condor Medical Waste Treatment Company LLC, Green Mountains Environment And Transport Services, Mazaya Waste Management LLC, Averda Waste Management, Al Dhafra Waste Collection LLC, Compass Medical Waste Services (Pty) Ltd, Med-X Waste Solutions (Pty) Ltd
#What are the major trends in the medical waste management market?
In August 2023, Hipac, an Australia-based healthcare solutions provider entered into a partnership with Bertin Technologies for an undisclosed amount. This partnership enables Hipac to introduce Sterilwave that signifies an innovative and eco-friendly approach to managing biomedical waste, being made available to healthcare facilities across Australia. Bertin Technologies is a France-based company that provides technological solutions to various sectors such as medical waste management, nuclear detections and health physics, surveillance and protection, and other industries.
Which geography holds the highest medical waste management market share?
Asia-Pacific was the largest region in the medical waste management market in 2024. North America was the second-largest region in the global medical waste management market share. The regions covered in the medical waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the medical waste management market?
The medical waste management market covered in this report is segmented –
1) By Type: Non-Hazardous Waste, Bio-Hazardous/Infectious Waste, Bio-Hazardous/Infectious Waste Management
2) By Treatment: Incineration, Autoclaving, Chemical Treatment, Others
3) By Services: Onsite Services, Offsite Services
4) By Waste Generator: Hospitals, Clinics, Ambulatory Surgical Centers, Pharmaceutical Companies, Biotechnology Companies, Others
Subsegments:
1) By Non-Hazardous Waste: General Healthcare Waste, Non-Infectious Waste Disposal
2) By Bio-Hazardous/Infectious Waste: Contaminated Sharps Disposal, Pathological Waste Disposal, Infectious Waste, Pharmaceutical Waste Disposal
3) Bio-Hazardous/Infectious Waste Management: Autoclaving, Incineration, Chemical Disinfection, Microwave Treatment, Waste Segregation And Packaging
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How is the medical waste management market defined, and what are its core characteristics?
The medical waste management refers to services that provide collection, transportation, storage, 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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