Medical Waste Management Market Overview
Medical Waste Management Market is poised to grow at a CAGR of 5.5 during the forecast period (2021-2026). The growing population across the globe is increasing the number of patients, resulting in the rising volume of medical waste. The increase in technological advancements and the rising generation of excess medical waste across the globe is anticipated to propel the growth of the medical waste management market globally. In August 2021, The Chinese government and the United Nations Development Program (UNDP) have jointly launched a new initiative in Nepal to help seven hospitals in the South Asian country improve their healthcare waste management system so as to better handle the COVID-19 pandemic.
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Medical Waste Management Market – Geographical Overview
North America holds the largest market share in the medical waste management market
The US medical waste management market held the largest market share in North America, owing to the presence of the highly developed healthcare sector, along with the rising prevalence of infectious and chronic diseases, which require advanced medical and surgical aids, and the treatment for these diseases also produce a large number of by-products and residues. Many hospitals in the United States have started recycling single-use products, which are sold back to the hospitals at a fraction of the original cost.
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Key Highlights of the Medical Waste Management Market
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List of Key Players in the Medical Waste Management Market
*List Not Exhaustive
Mordor Intelligence has segmented the global medical waste management market on the basis of type of waste, treatment, service, treatment site, and geography:
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