Increasing medical waste volume, chronic disease expansion, and chronic disease expansion are driving the expansion of the global medical waste control market.
PORTLAND, Oregon, Sept. 2, 2021 /PRNewswire/ — Allied Market Research has released a report titled “Medical Waste Management Market across Department (Collection, Transportation and Storage Services, Treatment and Disposal Services and Recycling Services), Waste Type (Non-Hazardous Waste and Hazardous Waste) and Treatment Site (Off-Site Treatment and On-Site Treatment): Global Opportunity Analysis and Industry Forecast, 2021-2030. “According to the report, the global medical waste control industry generated $7. 22 billion in 2020 and is expected to succeed at $12. 83 billion through 2030, with a COMPOUND annual rate of 5. 8% from 2021 to 2030.
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Drivers, constraints and opportunities
Increasing volume of medical waste, expanding prevalence of chronic diseases, and expanding prevalence of chronic diseases are driving the expansion of the global medical waste control market; however, the main charge of the facilities is holding back the expansion of the market. , technological advances for the effective disposal of medical waste provide new opportunities in the coming years.
Covid-19 Scenario
The call for effective control of medical waste has increased, particularly the Covid-19 pandemic due to the accumulation in diagnosis and remedy of inflamed patients. In addition, the need for various types of facilities such as the recovery, disposal and recycling building. upd when the amount of waste exceeded the solution capacity.
According to the Central Pollution Control Board (CPCB), India generated approximately 45,308 tons of biomedical waste between June 2020 and May 2021, due to the accumulation of diagnostic and treatment activities of Covid-19 patients.
Many countries have implemented complex technologies such as steam sterilization and chemical disinfection to treat a massive amount of medical waste. The government has partnered with personal corporations for the effective disposal and control of developing medical waste. the number of employees at the plant decreased.
The ordinary waste segment will maintain its leading position in the forecast period
Based on waste type, the non-hazardous waste segment accounted for the highest percentage in 2020, contributing to about four-fifths of the global medical waste control market, and is expected to maintain its leading position during the forecast period. It is expected to register the highest CSR of 5. 9% between 2021 and 2030, due to the increase in the number of hospitals and clinics and the increase in the call for fitness products for the treatment of diseases. the hazardous waste segment.
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The off-site remedy segment will retain its dominant percentage during the forecast period
On the basis of remedy site, the off-site remedy segment contributed the highest percentage in 2020, with nearly three-fifths of the global medical waste control market, and is expected to retain its dominant percentage during the forecast period. The segment is expected to constitute the highest CAGR of 6. 2% from 2021 to 2030, which is attributed to the accumulation in the volume of biomedical waste and to emerging key players for the effective control of medical waste. .
North America for Profits Leadership through 2030
Based on region, North America maintained the market share in 2020, representing more than one-third of the global medical waste control market, due to the increasing prevalence of chronic diseases, the presence of key players in the market, the environmental awareness related to waste. control, and accumulation in the volume of medical waste in the region. However, Asia Pacific is estimated to have the fastest compound annual rate of 7. 1% during the forecast period, due to the increase in the prevalence of chronic diseases, the accumulation in demand for fitness products and services, and the increase in the number of hospitals and clinics.
The players in the market
Biomedical Waste Solutions, LLC
Clean Harbors, Inc.
Daniels Health Inc.
EcoMed Services
Remondis Medison (a subsidiary of Remondis Ag)
Facilities of los angeles République, Inc.
Stericycle, Inc.
Suez Environmental Services
Veolia Environmental Services
Waste Management, Inc.
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