Medical Waste Management Market to Reach US$ 25.2 Bn by 2028, Says TMR Report

2022-05-14 02:14:33 By : Ms. Alina Xing

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ALBANY, N.Y. , April 26, 2022 /PRNewswire/ -- Transparency Market Research: Analysts at TMR estimate the medical waste management market to expand at a CAGR of 6.2% during the forecast period from 2021 to 2028. Need for safe disposal of medical waste to prevent its hazardous effect on human health fuels the growth of the medical waste management market. The disposal of medical waste leads to discharge of biological hazards and chemical gases into the environment that can have serious consequences on the health and well-being of population.

Incineration is the most widely used technique for the treatment, disposal, and management of medical waste the world over. However, downsides of incineration and emission norms in place have led to the adoption of new techniques for medical waste management in developed countries.

The COVID-19 outbreak of has created substantial awareness about the importance of safe disposal of medical waste. The prolonged prevalence of the pandemic mandated medical supplies companies to adhere to packaging and disposal standards of Occupational Safety and Health Administration controlled by Centers for Disease Control and Prevention (CDC).

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Medical Waste Management Market – Key Findings of Report

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Medical Waste Management Market – Growth Drivers

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Medical Waste Management Market – Key Players

Some of the key players operating in the medical waste management market are;

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The medical waste management market is segmented as follows;

Medical Waste Management Market, by Nature of Waste

Medical Waste Management Market, by Waste Type

Medical Waste Management Market, by Waste Generator Type

Medical Waste Management Market, by Service Type

Medical Waste Management Market, by Region

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

Pharmaceutical Waste Management Market: The global pharmaceutical waste management market is driven by increase in the geriatric population in developing economies, growth of the pharmaceutical industry, and rise in government initiatives for safe disposal of unused medications and waste generated by pharmaceutical industry and health care organizations.

Medical Waste Containers Market: The growing requirement for viable garbage removal, expanded mindfulness about garbage removal, a decrement in emergency clinic gained contaminations, and rigid unofficial laws overseeing the appropriate removal of medical waste all over the planet are totally expected to drive the Global Medical Waste Containers Market.

Biomedical Waste Management Market: The rising awareness pertaining to environmental protection as well as the rising need to dispose of the biomedical waste in safe and eco-friendly manner is driving the demand within the global biomedical waste management market.

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