Demand for Medical Waste Management to Touch about $19 billion by 2030 Driven by Surge in Medical Waste Generation

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A new report from Industry Experts Inc, on "Medical Waste Management," reveals that the worldwide the demand for Medical Waste Management is expected to maintain a CAGR of 7.4% between 2024 and 2030 to reach a projected US$18.8 billion by 2030 from an estimated US$12.2 billion in 2024.

The demand for Medical Waste Management has been exhibiting impressive growth on a global basis, the major reasons for which include expansion in healthcare services across the globe, surge in medical waste generation, increasing awareness on eco-friendly medical waste management, growing governmental initiatives for medical waste disposal to combat the issue sustainably and advancement in technology for maintaining safety at the source itself.

In terms of medical waste generation, Hospitals are obviously the major contributors, because of the sheer volume of out- and in-patients. The number of medical procedures carried out in hospitals has been growing exponentially, resulting in generation of huge amounts of waste. Because of this, the demand for Medical Waste Management from Hospitals accounts for the largest share. Diagnostic Laboratories stand second in terms of generating medical waste, given the number of tests these facilities conduct on a daily basis.



The market for medical waste management analyzed in this report globally across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

Medical waste management report analyzes the global market with respect to Waste Generators – Diagnostic Laboratories, Hospitals, Nursing Homes, Pharmaceutical Manufacturers and Physician Offices; Types of Waste Generated – Hazardous Waste (Infectious & Pathological Waste, Pharmaceutical Waste, Sharp Waste and Other Hazardous Waste Types) and Non-Hazardous Waste; Service Type – Collection, Transportation & Storage, Treatment & Disposal (Autoclaving, Biological, Chemical, Incineration and Irradiation) and Recycling; and Treatment Sites – Offsite and Onsite.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company’s off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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