What is the global market size of Medical Waste Management Market?

Global Medical Waste Management Market size was valued at USD 6 billion in 2021 and is poised to grow from USD 6.31 billion in 2022 to USD 9.39 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).

What is the key driver of Global Medical Waste Management Market?

Healthcare waste is any waste produced by healthcare facilities, biomedical research facilities, healthcare facilities, medical laboratories, and minor or dispersed sources. Hospitals globally produce about 0.5 kg of waste per bed each day, as according research on waste production. However, depending on the local context, higher-income countries produce far more waste than for other countries.

What is the key market trend for Global Medical Waste Management Market?

Although it is the most common and widely used method of disposal, burning medical waste is not environmentally safe as it increases global warming, so the incineration segment is expected to account for a significant part of the market. In the coming future, factors like convenience and lower capital costs are likely to drive this segment's growth. The introduction of new companies and government efforts are also anticipated to accelerate the market segment's growth. For instance, the Indian government opened a facility in August 2021 for the disposal of biomedical waste in Buxar Municipality, Bihar, India. This facility has the capacity to process 50 kg of biomedical waste per hour that is made of cotton, plastic, or other similar materials. The market segment is thus expected to grow over the course of the forecast period as a result of the factors listed.

Which region accounted for the largest share in Global Medical Waste Management Market?

Based on regional analysis, the North American market, especially the U.S. and Canada, had the greatest revenue share in the global market t. This is because of the region's rapidly growing healthcare industry. About 19.7% of the nation’s Gdp will be spent on healthcare in 2020, making it one of the largest industries in the country. and found that the cost of treating chronic diseases was rising. The extensive hospital stays and treatments that these diseases are known to necessitate result in the production of a sizable volume of residues and medical waste. Additionally, growing government initiatives for disposal of medical waste are assisting market revenue growth.

Medical Waste Management Market Companies

Medical Waste Management Market Competitive Landscape

Information of each player may be obtained in the competitive landscape for the medical waste management industry. A business overview, financials, revenue generated, market potential, R&D investments, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance are all included in the data. In the data points above, only the companies' emphasis on the medical waste management market is informed.

Medical Waste Management Market Top Player’s Company Profiles

Biomedical Waste Solutions, LLC (U.S.),

Stericycle, Inc.
Waste Management, Inc.
Veolia Environnement S.A.
Clean Harbors, Inc.
Republic Services, Inc.
Daniels Health
Suez Environnement S.A.
Sharps Compliance, Inc.
REMONDIS SE & Co. KG
GRP & Associates, Inc.
MedPro Disposal
Cleanway Environmental Services
EPCO, Inc.
Gamma Waste Systems, Inc.
GIC Medical Disposal
Healthcare Environmental Services Group
Medasend Biomedical, Inc.
United Medical Waste Management
Medical Waste Management, Inc.

Medical Waste Management Market Recent Developments

In April 2022, Leading provider of medical waste management Stericycle, Inc. launched its brand-new Safe Shield antimicrobial medical waste containers. It is a set of premiums, standardized containers created especially for the storage and transportation of regulated medical waste (RMW). Compared to Stericycle's current containers, this new range gives clients greater storage options, an enhanced design, and an additional layer of protection to aid in the fight against microorganisms responsible on RMW.

In March 2022, Bermuda's biohazardous garbage is now being managed by a brand-new company named MediWaste. Through two purpose-built incinerators, MediWaste is in charge of transporting, treating, and disposing medical waste.

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Global Medical Waste Management Market size was valued at USD 12.11 Billion in 2024 and is poised to grow from USD 12.98 Billion in 2025 to USD 22.64 Billion by 2033, growing at a CAGR of 7.2% during the forecast period (2026–2033).

REMONDIS SE & Co. KG and Republic Services, Inc. are two of the leading businesses in the sector. The organizations have demonstrated a persistent commitment to utilizing advanced technology to enhance waste treatment, establishing strategic partnerships to expand their service offerings, and upholding stringent environmental regulations to ensure the safe and secure disposal and handling of medical waste. 'Waste Management, Inc. (United States) ', 'Hazardous Waste Experts (United States) ', 'EcoMed Services (United States) ', 'GRP & Associates, Inc. (United States) ', 'GIC Medical Disposal (United States) ', 'EPCO (United States) ', 'Safeguard Waste Solutions (United States) ', 'DULSCO (United Arab Emirates) ', 'Gamma Waste Services (United States) ', 'BWS Incorporated (United States) ', 'Veolia Environment S.A. (France) ', 'Clean Harbors, Inc. (United States) ', 'REMONDIS SE & Co. KG (Germany) ', 'Medwaste Industries, Inc. (United States) ', 'SSO Medical Waste Management (United States)'

All waste generated by medical laboratories, biomedical research centers, healthcare facilities, and small or dispersed sources is included in the category of healthcare waste. Research on waste production indicates that hospitals worldwide produce approximately 0.5 kg of waste per bed every day. However, compared to other countries, higher-income countries produce significantly more garbage, depending on the local climate.

More and more advanced waste treatment methods are being used, including microwave treatment, autoclaving, and plasma arc technology. These offer safer, more effective, and environmentally more friendly options compared to traditional incineration techniques.

North America accounted for the largest revenue share of 30.36% in the market in 2023. With an advanced healthcare system, North America is considered a leading region in medical waste management among all parts of the world. This region has an enormous number of clinics, hospitals, research centers, and pharmaceutical companies in the US and Canada, generating huge amounts of medical wastes. The quantum and diversity of medical waste being generated in the region has thus set off an active demand for specialized services of waste management. Specialized waste management companies offering full-service solutions of proper medical waste treatment and disposal are in great demand in the US. The advanced technology is engaged by these companies to properly take care of biohazardous materials and follow environmental regulations.

Medical Waste Management Market

Report ID: SQMIG35G2135

Top Medical Waste Management Companies

Medical Waste Management Market Competitive Landscape

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Top Medical Waste Management Companies

Medical Waste Management Market Competitive Landscape

FAQs

What is the global market size of Medical Waste Management Market?

Who are the key vendors in the Medical Waste Management Market?

What is the key driver of Medical Waste Management Market?

What is the key market trend for Medical Waste Management Market?

Which region accounted for the largest share in Medical Waste Management Market?

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