Medical Waste Management Market Size

Medical Waste Management Market size was over USD 15 Billion in 2023 and is anticipated to exceed USD 36 Billion by the end of 2036, growing at over 8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of medical waste management is assessed at USD 16.25 Billion.

The production of biomedical waste has increased significantly across the globe over the last 30 years, which has increased the significance of medical waste management initiatives in creating an environmentally friendly, long-lasting healthcare setting. As per the World Health Organization, (WHO), each hospital bed in high-income nations produces up to 0.5 kilograms of hazardous waste on average each day, compared to 0.2 kg in low-income nations.