2023: Waste Management Holdings, Inc. invested USD 30 million to enhance the manufacturing capacity at its Ohio-based facility in the United States.
According to MarkNtel Advisors study, The Global Medical Waste Management Market size was valued at around USD 6.89 billion in 2024 and is projected to reach USD 14.19 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 15.55% during the forecast period, i.e., 2025-30.
The Medical Waste Management Market has significantly advanced with the adoption of technologies like radio-frequency identification (RFID) and barcode tracking systems, which enhance real-time monitoring and tracking of medical waste containers. This has improved the accountability and transparency of the disposal process.
Additionally, the integration of artificial intelligence (AI) and machine learning has transformed decision-making, enabling providers to use predictive analytics to accurately forecast waste generation patterns and optimize collection schedules. These advancements not only increase operational efficiency but also help in meeting stringent regulatory standards, marking a notable improvement in the effectiveness of medical waste management systems.
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Key Findings in Medical Waste Management Market:
| Historical Years | 2020-2023 |
| Base Years | 2024 |
| Forecast Years | 2025-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 25 hours of the payment being successfully received, the report will be sent to your email address. |
Medical Waste Management Market Key Players:
Clean Harbors, Inc., Veolia Environment S.A., Waste Management Holdings, Inc., Stericycle Inc., Cleanaway Waste Management Limited, TBS Energi Utama, MedPro Disposal LLC, REMONDIS SE & Co. KG, Ecomed Services, BWS Incorporated, MedWaste Industries, Inc., GIC Medical Disposal, EPCO, SSO Medical Waste Management, Triumvirate Environmental, among others
Market Segmentation Overview:
By Service
-Collection, Transportation, and Storage Services
-Treatment & Disposal Services
–Incineration
–Autoclaving
–Chemical Treatment
–Others
-Recycling Services
By Type of Waste
-Non Hazardous Waste
-Hazardous Waste
–Infectious & Pathological Waste
–Sharps Waste
–Pharmaceutical Waste
–Others
The Hazardous Waste segment within the Medical Waste Management Market has experienced significant growth due to the serious health and environmental risks posed by hazardous or infectious waste. Despite being a smaller fraction of overall waste volume, managing hazardous waste requires stringent protocols due to its potential dangers. These include advanced incineration and specialized chemical treatments to neutralize harmful pathogens and chemicals effectively.
Moreover, stringent regulations and the need for sophisticated management technologies drive continuous innovation and investment in this sector. As a result, this segment not only maintains but strengthens its dominance in the market, highlighting its crucial role in ensuring public safety and protecting the environment.
By Treatment Site
-Offsite Treatment
-Onsite Treatment
By Waste Generator
-Hospitals & Diagnostics Laboratories
-Others
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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The Medical Waste Management Industry Recent Development:
2023: TBS Energi Utama expanded its business portfolio beyond the coal mining sector by acquiring Asia Medical Enviro Services, a prominent company specializing in biohazardous and medical waste treatment.
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