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