“Global Medical Waste Management Market, By Type (Hazardous, Non-hazardous), By Treatment (Chemical Treatment, Incineration, Autoclaving, Other Treatments), By Disposable Site (Offsite, Onsite), By Services (Disposal, Recycling, Collection, Transportation & Storage, Other Services), as well as by Region – Global Forecast 2021 to 2029.”, which offers a comprehensive view of the Global Medical Waste Management Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $15,295.7 Mn, and is estimated to increase substantially over the latter part of the forecast period.
Medical waste management refers to the correct disposal of any waste which is generated during the diagnosis, treatment, or immunization of human beings or animals or, in research activities pertaining thereto or, in the production or testing of biologicals. There are primarily four types of medical waste – general, infectious, hazardous, and radioactive.
The steady increase in the number of individuals being admitted at various types of medical facilities owing to the surging prevalence and incidence rates of infectious diseases, chronic disease, and other medical-related disorders among individuals belonging to all demographics is a major factor that is expected to continue to fuel the projected revenue growth of the Global Medical Waste Management Market over the next decade. In addition to this, several environmental concerns regarding the improper disposal of biomedical waste and a growing awareness on the same is also a factor that is expected to have a firm influence on the market growth of the global medical waste management market in the years to come. Furthermore, increasing investments being made by key industry players towards the development of innovative waste disposal techniques and technologies is another major factor that is slated to have a profound influence on the global medical waste management industry. These are some of the other elements that are expected to further augment the global market footprint of this sector, and are some of the most crucial factors anticipated to play a critical role in augmenting projected revenues for the Global Medical Waste Management Market to $18,853.5 Mn by 2029, at a CAGR of 5.6%.
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