Pune India, Feb. 01, 2023 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the medical waste management market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the medical waste management market are present across various countries in the above-mentioned regions.
Get Sample Copy of This Report @ https://greyviews.com/reports/medical-waste-management-market/509/request-sample
The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the treatment, service and region. The key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the paragraphs below.
The significant global medical waste management market players are Veolia, Suez, Stericycle, WM Intellectual Property Holdings, L.L.C., REMONDIS SE & Co. KG, CLEAN HARBORS, INC., BioMedical Waste Solutions, LLC., LLC., EcoMed, MEDPRO Disposal, BWS Incorporated, among other. To achieve a substantial market share in the worldwide medical waste management market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Sharps trash, infectious waste, pathological waste, pharmaceutical waste, chemical waste, and radioactive waste are a few examples of garbage produced in research institutes and healthcare facilities. The waste products produced by healthcare operations have a higher risk of spreading disease and wounds. Inadequate or improper disposal of medical waste can negatively influence the environment and public health problems like HIV, TB, hepatitis, and other bacterial infections. Around 20% of medical waste in 2013 put patients at risk for trauma, infection, chemical exposure, or radiation exposure, according to the Journal of Hospital Infection. Effective medical waste management is essential for protecting the environment and human health. The World Health Organization (WHO) estimates that over 16 million syringes are administered annually in 2015. Yet, only a small percentage of them are disposed of appropriately, increasing the risk of infections and injuries. Additionally, UNICEF and WHO joined forces to create a global campaign in 2015 to guarantee that all healthcare facilities have access to quality and sufficient water, hygiene, and sanitation services, including managing healthcare waste. National and international organizations have chosen a variety of ways to create and implement educational and training programmes for patients and medical staff that emphasize safe medical waste management.
Enquiry Before Buying This Report @ https://greyviews.com/inquiry/509
Scope of Medical Waste Management Market Report
| Report Metric | Information |
| Study Period | 2022-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Market Share Unit | USD Billion |
| Segments Covered | Treatment, Service, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle-East and Africa |
| Major Players | Stericycle, CLEAN HARBORS, INC., Suez, Veolia, WM Intellectual Property Holdings, L.L.C., EcoMed, REMONDIS SE & Co. KG, BioMedical Waste Solutions, LLC., and MEDPRO Disposal, LLC. |
Segmentation Analysis
The incineration segment is expected to be the fastest-growing segment in 2022.
The treatment segment is autoclaving, incineration, chemical treatment, and others. The incineration segment will witness the highest growth rate during the forecast period. It is anticipated that this market sector would make up a sizable share of the total market because burning is the most well-liked and frequently used method of getting rid of medical waste, despite the fact that it is not environmentally safe because it contributes to global warming. Convenience and lower capital costs are anticipated to contribute to this segment's growth in the coming years. It is also projected that the debut of new companies and government initiatives would hasten the expansion of this market sector. For instance, the Indian government opened a facility in August 2021 in Buxar Municipality, Bihar, India, for the disposal of biological waste.
The onsite treatment segment is expected to be the fastest-growing segment in 2022.
The service segment is onsite treatment and offsite treatment. The onsite treatment segment is expected to witness the highest growth rate during the forecast period. Onsite treatment is expanding along with the management of medical waste.
Regional Analysis
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for medical waste management include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
- The North America region witnessed a major share. The presence of cutting-edge medical facilities is one of the key reasons driving the growth of the North American medical waste management market. The American Hospital Association 2022 reports that there are around 6,093 hospitals in the US, with 920,531 beds that are manned in total. According to the same source, all US hospitals spent USD 1,213,881,001,000 in total in 2020. This shows that Americans have access to high-tech and generally high-quality healthcare facilities, which in turn draws more individuals to take advantage of them if they have any form of a minor or serious medical issue.
Country Analysis
- Germany
Germany's medical waste management market size was valued at USD 2.01 billion in 2022 and is expected to reach USD 3.22 billion by 2030, at a CAGR of 6.1% from 2023 to 2030. Germany is anticipated to contribute a small revenue market share and register a high growth rate in the global market for medical waste management due to the increasing need for systems for the correct treatment, disposal, and recycling of medical waste in the area.
- China
China’s medical waste management market size was valued at USD 2.02 billion in 2022 and is expected to reach USD 3.34 billion by 2030, at a CAGR of 6.5% from 2023 to 2030. This can be ascribed to the region's proximity to state-of-the-art medical facilities, expanding senior population, government support, and local presence of key market players.
- India
India's medical waste management market size was valued at USD 1.56 billion in 2022 and is expected to reach USD 2.56 billion by 2030, at a CAGR of 6.4% from 2023 to 2030. The region has a greater demand for these cutting-edge medical treatments due to the frequency of diseases including cancer and other chronic disorders, the rising senior population, and traffic accidents.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of the medical waste management market is mainly driven by the rise in demand.
Buy Now Full Report @ https://greyviews.com/checkout/509/single_user_license
Contact Us
Rocky Shah
GreyViews
Pune India
Phone: (+44) 162-237-1047
Email: sales@greyviews.com
Browse Related Reports:
Orthopedic Extension Devices Market Size By Product Type (Hip Surgery, Arm Surgery, Knee Surgery, Spine Surgery and Others), By End-User (Ambulatory Surgical Centers, Hospitals, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/orthopedic-extension-devices-market/512
Ocular Drug Delivery Market Size By Technology (Nano-Particle Drug Delivery Systems, Implantable Ocular Drug Delivery Systems, and Particulate Drug Delivery Systems), By Dosage Form (Suspension, Gels, Solution, Emulsion, and Ointments), By Product Type (OTC Drugs and Prescription Drugs), By Drug Class (Anti-Glaucoma, Antiallergy, Anti-VEGF Agents, and Anti-Inflammatory), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/ocular-drug-delivery-market/510
Medical Waste Management Market Size By Treatment (Autoclaving, Incineration, Chemical Treatment, and Others), By Service (Onsite Treatment and Offsite Treatment), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/medical-waste-management-market/509
Medical Refrigerator Market Size By Type (Between 0° and -40°, Between 2° and 8°, and Under 40°), By End-User (Blood Banks, Pharmacy, Hospitals, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/medical-refrigerator-market/508
Medical Power Supply Devices Market Size By Manufacturing Type (CF Rating, Customized and Standard), By Convertor Type (DC-DC Power Supply and AC-DC Power Supply), By End-User (Home Care Setting, Clinics, Ambulatory Surgical Centers, Rehabilitation Centers, Diagnostics Centers, Hospitals, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/medical-power-supply-devices-market/507
Medical Disposables Market Size By Product (Drug Delivery Products, Respiratory Supplies, Disposable Gloves, Disposable Masks, Disposable Eye Gear, Hand Sanitizers, Wound Management Products, Incontinence Products, Dialysis Disposables, Diagnostic & Laboratory Disposables, Sterlization Supplies, Non-Woven Disposables, and Others), By Raw Material (Nonwoven Material, Plastic Resin, Paper & Paperboard, Glass, Metals, Rubber, and Others), By End-User (Outpatient/Primary Care Facilities, Home Healthcare, Hospitals, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/medical-disposables-market/506
Medical Affairs Outsourcing Market Size By Services (Medical Monitoring, Medical Information, Medical Writing & Publishing, Medical Science Liaisons, and Others), By Industry (Medical Devices and Pharma & Biopharmaceuticals), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/medical-affairs-outsourcing-market/505
Joint Pain Injection Market Size By Injection Type (Hyaluronic Acid Injections, Corticosteroid Injections, Platelets Rich Plasma Injections, and Others), By Joint Type (Shoulder & Elbow, Knee & Ankle and Others), By End-User (Retail Pharmacies, Online Pharmacies, Hospitals Pharmacies, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/joint-pain-injection-market/503
Enteral Syringe Market Size By Product Type (Catheter Tip Syringes, Single Use Enteral Syringes, Home Use Enteral Syringes, and Others), By Application (Neurological Disease, Oncology, GI Related Disease, Malnutrition, and Others), By Patient Group (Adults and Neonatal & Pediatrics), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/enteral-syringe-market/492
Disposable Pipette Tips Market Size by Type (Non-Filtered Tips and Filtered Tips), By Technology (Automatic and Manual), By End-User (Academic & Research Institutes, Pharma & Biotech Companies, Hospitals and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/disposable-pipette-tips-market/489
