Medical Waste Management Market Analysis

Service Offered (Collection, Transport and Storage, Treatment and Disposal, Recycling)

Treatment and disposal segment is anticipated to dominate medical waste management market share of over 35% by 2037. The segment growth can be accredited to the increasing number of hospitals. For instance, there are more than 15,000 hospitals worldwide.

This has caused a rise in the production of medical waste, which has encouraged the majority of healthcare facilities to either use methods other than burning or export their generated biomedical waste to huge, centralized incinerators for treatment and disposal.

Incineration of medical waste is a traditional medical waste disposal management procedure that entails burning medical waste generated by hospitals, veterinary clinics, and medical research organizations by heating the garbage to high temperatures.

Waste Generator (Hospitals, Laboratories and Research Centers, Nursing Homes)

The hospitals segment in medical waste management market is foreseen to gather the highest CAGR during the forecast through 2037. The growing incidence of hospital-acquired infections is the main driver of the segment's growth. Viral, bacterial, and fungal pathogens are the sources of healthcare-associated infections, which have extremely high rates of morbidity and mortality.

Moreover, every day, the quantity of garbage produced in hospitals grows geometrically, which necessitates the adoption of medical waste management services for lowering hospital infections and following infection control policies and procedures.

Hospital waste is a possible source of germs, with over 20% of it classified as hazardous. Worldwide, the projected rate of universal hospital-acquired infections is around 0.13, with an annual growth rate of 0.05.

Treatment Site (On-site, Off-site)

By the end of 2037, the off-site segment is slated to have the largest medical waste management market share. Hospital-produced medical waste used to be mostly handled on-site, however, regulations have forced clinics and other healthcare facilities to employ contractors to remove their waste for treatment and disposal off-site.

Our in-depth analysis of the medical waste management market includes the following segments: