Medical Waste Management Market Size is Predicted to Witness 8.0% CAGR till 2030

[sara James]

The global Medical Waste Management Market size is expected to reach USD 59.42 billion by 2030, registering CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The development of innovative manufacturing techniques in pharmaceuticals, medical devices is growing at a rapid pace. The rise in hospitals, multispecialty clinics, and diagnostic centers that require a large number of inventories for day to day functioning is also leading to the generation of more waste. Thus, overall growth in the healthcare industry coupled with the rising patient population requiring to prolong medical and surgical aid is fueling the market growth.

Rapid growth in initiatives by the government to support and raise funds for effective waste management is anticipated to drive the market growth. These programs are conducted for creating awareness regarding the importance of systems for proper waste disposal. Additionally, taking steps to set standards and guidelines for the same is anticipated to propel the market growth.  

The medical waste management involves high capital investment for managing hazardous by-products and disposal of infectious material. This disposal and recycling processes are associated with the release of hazardous gases and compounds which may disturb the ecosystem and are likely to affect the industry growth.

List of Key Players of Medical Waste Management Market

• REMONDIS SE & Co. KG
• Republic Services, Inc
• Sharp Compliance, Inc
• Stericycle, Inc
• Suez environment
• Veolia
• Waste Management, Inc
• Clean Harbors, Inc.
• BioMedical Waste Solutions, LLC
• Daniels Sharpsmart, Inc.

Related Press Release@ Medical Waste Management Market Report

Medical Waste Management Market Report Highlights

• Based on treatment, the incineration segment led the market with a largest revenue share of 39.73% in 2023, due to its simplicity and convenience.
• Based on treatment site, the offsite segment led the market with the largest revenue share of 58.86% in 2023, due to the rise in the use of advanced, single-use surgical products.
• North America dominated the market with a revenue share of 30.36% in 2023. The advanced healthcare infrastructure in North America contributes to the dominance of the region in the medical waste management sector.

Medical Waste Management Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 37.45 billion
Revenue forecast in 2030	USD 59.42 billion
Growth rate	CAGR of 8.0% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

 

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Medical Waste Management Market Segmentation

Grand View Research has segmented the global medical waste management market by services, treatment, and region:

Medical Waste Management Treatment Site Outlook (Revenue, USD Million, 2018 - 2030)

• Onsite
• • Collection
  • Treatment
  • Recycling
  • Others
• Offsite
• • Collection
  • Treatment
  • Recycling
  • Others

Medical Waste Management Treatment Outlook (Revenue, USD Million, 2018 - 2030)

• Incineration
• Autoclaving
• Chemical treatment
• Others

Medical Waste Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• • U.S.
  • Canada
• Europe
• • UK
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
• • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
• Latin America
• • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
• • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait