Medical Waste Management Market size was valued at USD 9.74 billion in 2024 and is likely to cross USD 21.55 billion by 2037, expanding at more than 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of medical waste management is estimated at USD 10.23 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.
Author Credits: Radhika Pawar
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