Medical Waste Management Markets: Non-Hazardous, Infectious, Sharps, Pharmaceutical – Global Forecast to 2030: Opportunities in Emerging Economies & Growing Utilization of Single-use Devices – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Medical Waste Management Market by Waste Type (Non-Hazardous, Infectious, Sharps, Pharmaceutical), Service (Collection, Treatment & Disposal [Incineration, Autoclaving], Recycling), Treatment Site (Off-site, On-site), Source – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

The growth of this market is driven by the increase in the volume of medical waste generated, stringent regulations for medical waste management, and the growing number of surgical procedures.

Additionally, the growing utilization of single-use devices and emerging economies offer opportunities for market growth. However, the lack of standardized regulations for medical waste management is restraining the market growth. Additionally, a lack of awareness regarding medical waste management in developing countries is challenging market growth.

Based on waste type, the global medical waste management market is segmented into non-hazardous and hazardous waste. In 2023, the non-hazardous segment is expected to account for a larger share of the market.

Based on service, the market is segmented into collection, transportation, and storage; treatment & disposal services; and recycling.

In 2023, the collection, transportation, and storage segment is expected to account for the largest share of the market. The key factors attributing to the segment’s large share are the high volume of medical waste generated from healthcare facilities and high awareness regarding the collection, transportation, and storage of medical waste. Further, during and post-COVID-19 pandemic, the importance of transporting various medical waste from storage to disposal areas increased considerably, supporting the largest share.

Based on treatment site, the market is segmented into off-site and on-site treatment sites.

In 2023, the off-site treatment segment is expected to account for the largest share of the global medical waste management market. The large market share of this segment is mainly attributed to the advantages of off-site treatment, such as less manpower requirement for handling and disposal of medical waste and cost efficiency offered by the treatment and disposal of medical waste.

Based on source, the global medical waste management market is segmented into hospitals & clinics, diagnostic laboratories, research laboratories, blood banks, and other sources.

In 2023, the hospitals & clinics segment is expected to account for the largest share of the global medical waste management market. Hospitals generate various types of waste, including hazardous and non-hazardous. Hospital waste generally includes expired pharmaceuticals, infectious, needles, chemicals, radioactive items, and sharps, in addition to the items such as packages of medical items and medication boxes and others.

Market Insights

Drivers

• Increasing Volume of Medical Waste Generated
• Rising Geriatric Population and the Consequent Increase in Chronic Disease Prevalence
• Growing Number of Surgical Procedures

Restraints

• Lack of Standardized Regulations for Medical Waste Management
• High Cost of Waste Management Services

Opportunities

• Growing Utilization of Single-use Devices
• Emerging Economies

Challenges

• Lack of Awareness Regarding Medical Waste Management in Developing Countries

The Impact of COVID-19 on The Medical Waste Management Market

Regulatory Analysis

• U.S.
• Europe
• China
• India
• South Africa

Company Profiles (Business Overview, Financial Overview, Solutions Portfolio, and Strategic Developments)

• Biomedical Waste Solutions LLC
• Clean Harbors Inc.
• Daniels Sharpsmart Inc.
• Stericycle Inc.
• Veolia Environnement SA
• Waste Management Inc.
• EcoMed ServicesGamma Waste Services
• REMONDIS SE & CO. KG
• GIC Medical Disposal Inc. .

Scope of the Report

Global Medical Waste Management Market, by Waste Type

• Non-hazardous Waste
• Hazardous Waste
• Infectious & Pathological Waste
• Pharmaceutical Waste
• Sharps Waste
• Other Hazardous Waste

Global Medical Waste Management Market, by Service

• Collection, Transportation, and Storage
• Treatment & Disposal Services
• Incineration
• Autoclaving
• Chemical Treatment
• Other Treatments & Disposal Services
• Recycling

Global Medical Waste Management Market, by Treatment Site

• Off-site treatment
• On-site Treatment

Global Medical Waste Management Market, by Source

• Hospitals & Clinics
• Diagnostic Laboratories
• Research Laboratories
• Blood Banks
• Other Sources

Global Medical Waste Management Market, by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe (RoE)
• Asia-Pacific (APAC)
• Japan
• China
• India
• Rest of APAC (RoAPAC)
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/td4pdx

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