Medical Waste Management on the Rise

Market growth is driven by factors such as more traumatic and burn injuries, more surgical wounds and increased hospital stays.

By HFT Staff
October 17, 2022

The global medical waste management market is projected to reach $12.6 billion by 2027 from $9.6 billion in 2022, at a compound annual growth rate (CAGR) of 5.6 percent. 

Market growth is driven by factors such as more traumatic and burn injuries, more surgical wounds and increased hospital stays. On the other hand, challenges associated with medical waste management services are lack of awareness about medical waste management in developing countries is the major factors hampering the growth of this market. 

The medical waste management market is segmented into collection, transport and storage services, treatment and disposal services and recycling services. 

In 2021, the collection, transport and storage services segment accounted for the highest growth rate in the medical waste management market. Increase in need of extensive care for increased traumatic and surgical injuries are major factors contributing to the growth of this segment. 

The medical waste management market is segmented into non-hazardous waste and hazardous waste based on the type of waste. In 2021, the non-hazardous waste segment accounted for the highest growth rate in the medical waste management market. Increasing number of diabetic patients and other health conditions are major factors contributing to the growth of this segment. 

Based on waste generators, the medical waste management market has been segmented into hospital and diagnostic laboratories and other waste generators. In 2021, the hospital & diagnostic segment accounted for the highest CAGR. This can be attributed to the rising adoption of single-use surgical equipment. 




See the latest posts on our homepage Share

Topic Area: Maintenance and Operations


Recent Posts
Recent Posts

Benefits of Zen Gardens for Hospital Patients and Workers


Studies show that being close to nature improves the healing process and increases job satisfaction.

11/29/2022

St. David's Round Rock Medical Center Starts Expansion


The construction is expected to be completed in 2023.

11/29/2022

CDC: Hospital Associated Infections On the Rise


CDC recently reported continued increases in certain healthcare-associated infections (HAI) in 2021 and improvements in others.

11/29/2022

3 Strategies for Hospital Roofing Infrastructure


Healthcare facilities managers must be proactive in assessing their roofing assets before extreme weather hits, a leak is discovered or worse.

11/28/2022

Roper St. Francis Healthcare to Build New Medical Campus


The project is anticipated to take five years to complete.

11/28/2022






FREE
NEWSLETTER

News & Updates • Webcast Alerts • Building Technologies

All fields are required.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.



You Might Like