Global Medical Waste Management Market will cross USD
29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017. The
market is growing at a CAGR of 5.4% in the forecast period 2018 to 2025. Key
players profiled in this report are Stericycle,
SUEZ, CLEAN HARBORS INC., Veolia, BioMedical Waste Solutions, LLC, REMONDIS AG
& Co. KG., Sharps Compliance, Inc., Waste Management, Inc., Daniels
Sharpsmart and Triumvirate Environmental among others.
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Market Segmentation:
Global Medical Waste Management Market
·
The global medical waste management market is
segmented based on type of waste into two notable segments; hazardous waste and
non-hazardous waste. In 2018, non-hazardous segment is estimated to rule with
85.9% shares and will cross USD 25,645.52 million by 2025, rising at the CAGR of
5.5%. Hazardous waste is sub segmented into infectious & pathological
waste, pharmaceutical waste, sharps and others.
·
The global medical waste management market is
segmented based on service type into four notable segments; collection,
transportation and storage, treatment and disposal, recycling and others. In
2018, collection, transportation and storage is estimated to rule with 64.2%
shares and will cross USD 18,893.89 million by 2025, rising at the CAGR of
5.3%. However, recycling is expected to grow at the highest CAGR of 6.1% in the
forecast period, and is expected to reach USD 1,963.38 million in 2025 from USD
1,293.16 million in 2017
·
The global medical waste management market is
segmented based on treatment type into six notable segments; incineration,
autoclaving, chemical treatment, irradiative, biological and others. In 2018,
Incineration segment is estimated to rule with 60.4% shares and will cross USD
18,342.10 million by 2025, rising at the CAGR of 5.8%.
·
The global medical waste management market is
segmented based on source of generation into five notable segments; hospitals,
physician offices, clinical laboratories, manufacturers and reverse
distributors. In 2018, hospitals segment is estimated to rule with 63.9%shares
and will cross USD 19,303.02 million by 2025, rising at the CAGR of 5.7%.
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Key Points: Global
Medical Waste Management Market
·
In 2017, the global medical waste management
market is dominated Stericycle by with market share of 25.4%, followed by
Veolia 19.8%, and SUEZ 15.6%.
·
The infectious & pathological waste segment
is dominating the global medical waste management market.
·
The collection, transportation, & storage
segment is expected to grow with the highest CAGR of 6.1% in the forecast
period 2018 to 2025.
Drivers: Global
Medical Waste Management Market
The major factors driving the growth of this market are rise
in generation of healthcare waste, growing healthcare industry, importance of
medical waste management, eco-friendly waste management procedures and growing
government initiatives. On the other hand lack of awareness about health
hazards and lack of skilled professionals for proper disposal may hinder the
global medical waste management market.
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