Press release
Medical Waste Management Market Worth $12.2 billion | MarketsandMarkets™
Medical Waste Management Market in terms of revenue was estimated to be worth $9.2 billion in 2023 and is poised to reach $12.2 billion by 2028, growing at a CAGR of 5.9% from 2023 to 2028 according to a new report by MarketsandMarkets™. The increasing prevalence of diseases and health conditions such as diabetes, which impairs healing capabilities, alongside a growing number of cases including obesity and related illnesses are the factors for market growth. Emerging economies such as India and Japan are providing lucrative opportunities for the players operating in the medical waste management market.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1256&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral
In 2022, collection, transport and storage services segment held for the largest share of medical waste management market, by services segment.
The medical waste management market is segmented into collection, transport and storage services, treatment & disposal services and recycling services. The highest growth rate of the market is accounted by collection, transport and storage services. Improved innovations in medical equipment and procedures and increasing focus on improving health infrastructure is majorly contributing to the increasing in growth rate.
Non-hazardous waste segment held the highest share during the forecast period.
Based on type of waste, the medical waste management market is divided into non-hazardous waste and hazardous waste. In 2022, the non-hazardous waste segment is estimated to have highest CAGR of the medical waste management market. The non-hazardous waste segment will grow at exponentially due to the rising public health concerns and increasing awareness regarding the appropriate management of medical waste.
The offsite treatment accounted for the largest share of the medical waste management market, by treatment site segment, in 2022.
Medical waste management has been segmented into offsite treatment and onsite treatment based on treatment site. Offsite treatment segment accounted for the largest share of the medical waste management market in 2022 as well as is estimated to have highest growth rate. The rapid growth of healthcare industry and rising healthcare expenditure due to increasing globalization is mainly attributing to the highest market share.
In 2022, The hospital & diagnostic laboratories accounted for the largest share of the medical waste management market, by waste generator segment.
The medical waste management market is segmented into hospital & diagnostic laboratories and other waste generators, based on waste generator. Hospital & diagnostic laboratories segment held the largest share of the medical waste management market in 2022. The highest share can be attributed to the stringent regulatory guidelines for waste management in the developed countries and rising number of conferences for the awareness of adequate waste management in developing countries.
North America is the largest regional market for medical waste management market.
The global medical waste management market is segmented into six major regions-North America, Europe, the Asia Pacific, Latin America, the Middle East & Africa and GCC Countries. North America accounted for the largest regional market for medical waste management market in 2022. The large share of North America in this market can be attributed to the Increasing attention towards implementing effective waste management practices.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1256&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral
Key Market Players of Medical Waste Management Industry:
The major players operating in this market are Veolia Environnement S.A. (France), Clean Harbors, Inc. (US), Stericycle Inc. (US), Waste Management, Inc. (US), Cleanaway Waste Management Limited (Australia), Casella Waste Systems, Inc. (US), Sharps Compliance, Inc. (US), Covanta Holding Corporation (US), Hazardous Waste Experts (US), REMONDIS SE & Co. KG. (UK), BioMedical Waste Solutions, LLC (US), EcoMed Services (Canada), GRP & Associates, Inc. (US), BWS Incorporated (US), MEDPRO Disposal LLC (US), GIC Medical Disposal (Canada), Gamma Waste Services (US), Triumvirate Environmental (US), EPCO (Saudi Arabia), All Medical Waste Australia Pty Ltd. (Australia), Pro-Disposal Medical Waste Services (Georgia), SSO Medical Waste Management (US), Safeguard Waste Solutions (US), MedWaste Industries Inc. (US), DULSCO (UAE).
The break-up of the profile of primary participants in the medical waste management market:
By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
By Designation: C-level - 27%, D-level - 18%, and Others - 55%
By Region: North America - 42%, Europe - 31%, Asia Pacific - 20%, Latin America - 4%, Middle East & Africa- 2%, GCC Countries- 1%
Recent Developments of Medical Waste Management Industry:
In December 2021, the Veolia Environnement S.A. launched the Vigie COVID-19 solution, which can track signs of the Omicron variant in wastewater, acting as an early warning system for monitoring the progression of the pandemic.
In May 2022, Veolia Environnement S.A. acquired Suez Environnement. The companies signed an agreement for the acquisition of all of the hazardous waste assets in France to address the European Commission competition concerns made by Veolia.
In October 2020, Waste Management, Inc. acquired Advanced Disposal. This acquisition expanded Waste Management's footprint and provided access to sustainable waste management and recycling services for customers in the US.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1256&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/medical-waste-management-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/medical-waste-management.asp
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1256&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral
In 2022, collection, transport and storage services segment held for the largest share of medical waste management market, by services segment.
The medical waste management market is segmented into collection, transport and storage services, treatment & disposal services and recycling services. The highest growth rate of the market is accounted by collection, transport and storage services. Improved innovations in medical equipment and procedures and increasing focus on improving health infrastructure is majorly contributing to the increasing in growth rate.
Non-hazardous waste segment held the highest share during the forecast period.
Based on type of waste, the medical waste management market is divided into non-hazardous waste and hazardous waste. In 2022, the non-hazardous waste segment is estimated to have highest CAGR of the medical waste management market. The non-hazardous waste segment will grow at exponentially due to the rising public health concerns and increasing awareness regarding the appropriate management of medical waste.
The offsite treatment accounted for the largest share of the medical waste management market, by treatment site segment, in 2022.
Medical waste management has been segmented into offsite treatment and onsite treatment based on treatment site. Offsite treatment segment accounted for the largest share of the medical waste management market in 2022 as well as is estimated to have highest growth rate. The rapid growth of healthcare industry and rising healthcare expenditure due to increasing globalization is mainly attributing to the highest market share.
In 2022, The hospital & diagnostic laboratories accounted for the largest share of the medical waste management market, by waste generator segment.
The medical waste management market is segmented into hospital & diagnostic laboratories and other waste generators, based on waste generator. Hospital & diagnostic laboratories segment held the largest share of the medical waste management market in 2022. The highest share can be attributed to the stringent regulatory guidelines for waste management in the developed countries and rising number of conferences for the awareness of adequate waste management in developing countries.
North America is the largest regional market for medical waste management market.
The global medical waste management market is segmented into six major regions-North America, Europe, the Asia Pacific, Latin America, the Middle East & Africa and GCC Countries. North America accounted for the largest regional market for medical waste management market in 2022. The large share of North America in this market can be attributed to the Increasing attention towards implementing effective waste management practices.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1256&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral
Key Market Players of Medical Waste Management Industry:
The major players operating in this market are Veolia Environnement S.A. (France), Clean Harbors, Inc. (US), Stericycle Inc. (US), Waste Management, Inc. (US), Cleanaway Waste Management Limited (Australia), Casella Waste Systems, Inc. (US), Sharps Compliance, Inc. (US), Covanta Holding Corporation (US), Hazardous Waste Experts (US), REMONDIS SE & Co. KG. (UK), BioMedical Waste Solutions, LLC (US), EcoMed Services (Canada), GRP & Associates, Inc. (US), BWS Incorporated (US), MEDPRO Disposal LLC (US), GIC Medical Disposal (Canada), Gamma Waste Services (US), Triumvirate Environmental (US), EPCO (Saudi Arabia), All Medical Waste Australia Pty Ltd. (Australia), Pro-Disposal Medical Waste Services (Georgia), SSO Medical Waste Management (US), Safeguard Waste Solutions (US), MedWaste Industries Inc. (US), DULSCO (UAE).
The break-up of the profile of primary participants in the medical waste management market:
By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
By Designation: C-level - 27%, D-level - 18%, and Others - 55%
By Region: North America - 42%, Europe - 31%, Asia Pacific - 20%, Latin America - 4%, Middle East & Africa- 2%, GCC Countries- 1%
Recent Developments of Medical Waste Management Industry:
In December 2021, the Veolia Environnement S.A. launched the Vigie COVID-19 solution, which can track signs of the Omicron variant in wastewater, acting as an early warning system for monitoring the progression of the pandemic.
In May 2022, Veolia Environnement S.A. acquired Suez Environnement. The companies signed an agreement for the acquisition of all of the hazardous waste assets in France to address the European Commission competition concerns made by Veolia.
In October 2020, Waste Management, Inc. acquired Advanced Disposal. This acquisition expanded Waste Management's footprint and provided access to sustainable waste management and recycling services for customers in the US.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1256&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/medical-waste-management-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/medical-waste-management.asp
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
