Global Medical Waste Management Market will cross USD 29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017. The market is growing at a CAGR of 5.4% in the forecast period 2018 to 2025. Key players profiled in this report are Stericycle, SUEZ, CLEAN HARBORS INC., Veolia, BioMedical Waste Solutions, LLC, REMONDIS AG & Co. KG., Sharps Compliance, Inc., Waste Management, Inc., Daniels Sharpsmart and Triumvirate Environmental among others.

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Market Segmentation: Global Medical Waste Management Market

• The global medical waste management market is segmented based on type of waste into two notable segments; hazardous waste and non-hazardous waste. In 2018, non-hazardous segment is estimated to rule with 85.9% shares and will cross USD 25,645.52 million by 2025, rising at the CAGR of 5.5%. Hazardous waste is sub segmented into infectious & pathological waste, pharmaceutical waste, sharps and others.
• The global medical waste management market is segmented based on service type into four notable segments; collection, transportation and storage, treatment and disposal, recycling and others. In 2018, collection, transportation and storage is estimated to rule with 64.2% shares and will cross USD 18,893.89 million by 2025, rising at the CAGR of 5.3%. However, recycling is expected to grow at the highest CAGR of 6.1% in the forecast period, and is expected to reach USD 1,963.38 million in 2025 from USD 1,293.16 million in 2017
• The global medical waste management market is segmented based on treatment type into six notable segments; incineration, autoclaving, chemical treatment, irradiative, biological and others. In 2018, Incineration segment is estimated to rule with 60.4% shares and will cross USD 18,342.10 million by 2025, rising at the CAGR of 5.8%.
• The global medical waste management market is segmented based on source of generation into five notable segments; hospitals, physician offices, clinical laboratories, manufacturers and reverse distributors. In 2018, hospitals segment is estimated to rule with 63.9%shares and will cross USD 19,303.02 million by 2025, rising at the CAGR of 5.7%.

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Key Points: Global Medical Waste Management Market

• In 2017, the global medical waste management market is dominated Stericycle by with market share of 25.4%, followed by Veolia 19.8%, and SUEZ 15.6%.
• The infectious & pathological waste segment is dominating the global medical waste management market.
• The collection, transportation, & storage segment is expected to grow with the highest CAGR of 6.1% in the forecast period 2018 to 2025.

Drivers: Global Medical Waste Management Market

The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, eco-friendly waste management procedures and growing government initiatives. On the other hand lack of awareness about health hazards and lack of skilled professionals for proper disposal may hinder the global medical waste management market.

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