The global medical waste management market is projected to grow at a CAGR of 4.09% to reach US$18.854 billion by 2024, from US$14.827 billion in 2018. Medical waste is referred to any kind of infectious material and involves the waste generated by hospitals, clinics, laboratories, research facilities and many more. The rising population giving rise to a greater number of patients would increase the medical waste driving the growth of the global medical waste management market in the forecast period. Furthermore, the government initiatives regarding the safe disposal and management of medical waste will drive the market growth in the coming years.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global medical waste management value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global medical waste management market.
Major industry players profiled as part of the report are Stericycle, Inc., SUEZ, Veolia, CLEAN HARBORS, INC. and Sharps Compliance, Inc. among others.
The global medical waste management market has been analyzed through following segments:
By Waste Type
By Treatment Site
Middle East and Africa