According to a new market report published by Lucintel, the future of the medical waste management market looks promising with opportunities in the healthcare industry. The global medical waste management market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are government regulations for proper methods of handling and disposal of hazardous waste and increase in innovative technology for medical waste.
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Medical waste is any kind of waste containing infectious materials. In this market, non-hazardous, infectious, and pharmaceuticals are the major types of waste. Lucintel forecasts that non-hazardous will remain the largest type of waste segment over the forecast period due to generation of large quantities of non-hazardous waste by healthcare organizations.
Within this market, collection, transportation, and storage services will remain the largest service segment by over the forecast period due to the presence of stringent regulations for collection, transportation, and storage of medical waste.
North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing aging population and stringent regulations in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of advanced disposal services with sustainable waste management and recycling services and introduction of takeaway recycle system. Veolia Environnement, Suez Environnement, Clean Harbors, Sharps Compliance, Daniels Sharpsmart, EcoMed Services, BWS, Gamma Waste Services, Triumvirate Environmental, and EPCO are among the major suppliers in the global medical waste management market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global medical waste management market by type of waste, service, treatment site, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Medical Waste Management Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global medical waste management market by type of waste, service, treatment site, and region as follows:
By Type of Waste [Value ($ Million) shipment analysis for 2014 – 2025]:
Non-Hazardous
Infectious
Pharmaceuticals
By Service [Value ($ Million) shipment analysis for 2014 – 2025]:
Collection, transportation, and Storage Services
Treatment & Disposal Services
Recycling Services
By Treatment Site [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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