Future Market Insights Inc., a reputable market research company, projects that the Global Medical Waste Management System Industry will grow at an exponential rate. According to projections, the healthcare waste management business is expected to hit a critical milestone in 2023 when its worth reaches US$ 8,094 million.
In the ensuing ten years, starting in 2023, industry analysts predict a strong and ongoing need for medical waste management solutions. The industry is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.6%, which will push it to previously unheard-of levels. The market is expected to reach a valuation of nearly US$ 15,336.9 million by 2033, indicating a significant shift in medical waste management techniques globally.
Request a Sample Copy of the Report now
https://www.futuremarketinsights.com/reports/sample/rep-gb-5034
Key Takeaways from the Global Medical Waste Management System Industry
- North America holds more than 30% of the market share due to rising number of patients in the US and Canada coupled with strict rules/regulations set by government bodies.
- Europe holds more than 25% of the market share due to growing demand for medical waste management systems to properly treat, dispose, and recycle medical waste.
- The Asia-Pacific is expected to grow at the fastest rate in the medical waste management system market sue to numerous start-ups coming up with e-disposal solution for managing infectious waste.
“Increasing incidences of chronic ailments that need longer hospital stays, emphasis on medical waste management in the developing as well as developed countries, and strict regulations laid down by the government regarding appropriate medical waste disposal are the primary drivers to Global Medical Waste Management System Industry”, says an analyst from Future Market Insights.
Global Medical Waste Management System Industry Competitive Landscape
- Envetec Sustainable Technologies Ltd., in February 2022, tabled GENERATIONS technology, which comes across as one of the breakthrough cleantech solutions safely treating biohazardous materials and waste, inclusive of glass, plastics, sharp containers, PPE, and the other general laboratory consumables.
- MediWaste was launched in March 2022 for handling biohazardous waste in Bermuda. Its functionalities include treating, transportation, and disposal of medical waste via two incinerators specifically designed for the serving the purpose mentioned above.
- The United Nations Development Programme (UNDP), in collaboration with the Government of Japan, came up with a novel project in August 2022 for supporting various national health agencies with other stakeholders in Bhutan, Bangladesh, and Maldives for addressing an uncontrollable increase in infectious healthcare waste resulting out of the pandemic.
- TerraConsult, in April 2019, merged with ByrneLobby for expanding its geographical presence.
- Stericycle, in February 2020, made an announcement about inking an agreement with Harso Corporation about selling its business about Domestic Environments Solutions for US$ 462.5 Million.
- Clean Harbors, in August 2021, completed acquisition of HydroChemPSC for US$ 1.25 Billion intending to strengthen the opportunities of strong customer service and brand equity.
Exploring the study’s key assumptions. Ask an Analyst
https://www.futuremarketinsights.com/ask-question/rep-gb-5034
Global Medical Waste Management System Industry Key Players:
- BioMedical Waste Solutions LLC
- Bondtech Medical Waste Containers
- Clean Harbors, Inc.
- Converge Medical Solutions LLC
- Daniels Sharpsmart Inc.
- Stericycle, Inc.
- Medasend Biomedical, Inc.
- Mazaya Waste Management LLC
- Sharps Compliance, Inc.
- Veolia Environment S.A.
- REMONDIS Medison GmbH
- Republic Services, Inc.
- Waste Management, Inc.
- Suez Environment S.A.
What does the Report unveil?
- Future Market Insights offers an exclusive perspective and various real-time insights on the Global Medical Waste Management System Industry in its latest study, presenting historical demand assessment of 2016 to 2021 and projections for 2022 to 2032.
- The research study is based on service (medical waste treatment, disposable medical waste management, and medical waste recycling), by medical waste (bio hazardous medical waste management system, non-hazardous medical waste management system, sharps medical waste management system, pharmaceutical medical waste management system, radioactive medical waste management system, and other medical waste types management system), by services site (onsite medical waste management services and offsite medical waste management services), by treatment (medical waste management through incineration, medical waste management through autoclaving, medical waste management through chemical treatment, and medical waste management through other approaches), and waste generator (medical waste management system for hospitals, medical waste management system for clinics, medical waste management system for Ambulatory Surgical Centers, medical waste management system for pharmaceutical companies, medical waste management system for biotechnology companies, and medical waste management system for other waste generators).
- With an ever-increasing number of government-sponsored programs hitting the floor, the Global Medical Waste Management System Industry is bound to be unstoppable in the years to come. The government agencies adhering to regulations include the US FDA, CDC, OSHA (Occupational Safety and Health Administration), DOT (Department of Transport), and DEA (Drug Enforcement Administration).
Gain the Edge with Segmented Information – Buy Now!
https://www.futuremarketinsights.com/checkout/5034
Key Segments Covered in the Global Medical Waste Management System Industry Analysis
By Services:
- Medical Waste Treatment
- Disposable Medical Waste Management
- Medical Waste Recycling
By Medical Waste:
- Bio Hazardous Medical Waste Management System
- Non-Hazardous Medical Waste Management System
- Sharps Medical Waste Management System
- Pharmaceutical Medical Waste Management System
- Radioactive Medical Waste Management System
- Other Medical Waste Types Management System
By Services Site:
- Onsite Medical Waste Management Services
- Offsite Medical Waste Management Services
By Treatment:
- Medical Waste Management through Incineration
- Medical Waste Management through Autoclaving
- Medical Waste Management through Chemical Treatment
- Medical Waste Management through Other Approaches
By Waste Generator:
- Medical Waste Management System for Hospitals
- Medical Waste Management System for Clinics
- Medical Waste Management System for Ambulatory Surgical Centers
- Medical Waste Management System for Pharmaceutical Companies
- Medical Waste Management System for Biotechnology Companies
- Medical Waste Management System for Other Waste Generators
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
