The global medical waste management market is expected to grow from $13.5 billion in 2019 to 14.9 billion in 2020 at a rate of 10.6%. The markable growth is mainly due to the COVID-19 outbreak and the measures to contain it. The unforeseen amount of biomedical waste being generated from COVID-treating hospitals, quarantine centers, healthcare facilities, and self/home-quarantine has triggered the need for medical waste management. The market is expected to stabilize and reach $16.62 billion in 2023 at a rate of 3.8%.
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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.
Global Medical Waste Management Market Segmentation –
The Medical Waste Management market covered in this report is segmented
1) By Type: Bio-Hazardous/Infectious Waste, Non-Hazardous Waste, Sharps, Pharmaceutical, Radioactive, Others
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
Global Medical Waste Management Market Drivers –
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. 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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A Few Points From The Global Medical Waste Management Market ToC
1. Executive Summary
2. Medical Waste Management Market Characteristics
3. Medical Waste Management Market Size And Growth
3.1. Global Medical Waste Management Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Medical Waste Management Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Medical Waste Management Market Segmentation
5. Medical Waste Management Market Regional And Country Analysis
5.1. Global Medical Waste Management Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Medical Waste Management Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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