According to Stratistics MRC, the Global Medical Waste Management Market is valued at $10.78 billion in 2015 and is expected to grow at a CAGR of 5.9% to reach $16.2 billion by 2022. Huge quantity of waste generated by healthcare is one of the key factors driving the market growth. Rapidly growing healthcare industry will provide lucrative market opportunities for the service providers in the market as there will be increasing need for medical waste management. On the other hand, huge capital costs are anticipated to hamper the market during the forecast period.
Collection segment commanded the market with the largest share in terms of revenue. However, processing segment is anticipated to grow at a highest CAGR during the forecast period. Furthermore, market is currently being fueled by growing business from small quantity generators (SQGs). North America and Europe are the major markets due to the plenty of regulations and government policies in these regions. Asia-Pacific is expected to grow at a faster pace owing to the plenty of opportunities in the countries like Japan, Australia and New Zealand.
Some of the key players in global Medical Waste Management market are Bertin Technologies – Laboratory Equipment, Biomedical Waste Services, Biopro LLC, Bio-safety incineration ltd, Bondtech Medical Waste Containers, Converge Medical Solutions, LLC, Dutch Medical Waste Systems B.V., Mazaya Waste Management LLC., Medasend Biomedical, Inc., Newster srl – Medical waste sterilizers, OZONATOR Industries Limited, P. Henkel GmbH, Pacific Medical Specialties, LLC, Stericycle, Inc., Trinova Medical Waste Solutions, LLC, United Medical Waste Management and Waste By Rail, Inc.
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Type of Wastes Covered:
Other Medical Waste
Treatment Technology Covered:
Non-Chlorine Based System
Chlorine Based System
Low-Heat Thermal Technologies
Medium- and High-Heat Thermal Technologies
Waste Generators Covered:
Small Quantity Generators
Large Quantity Generators
Treatment Site Covered:
Delivery Modes Covered:
End Users Covered:
Clinical Research Organizations
Rest of Europe
Rest of Asia Pacific
Rest of the World
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