Medasend is one of the largest players in the medical waste disposal market. This emerges from the Business Research Company’s Global Waste Management Market 2020-30 Report: Impact and Growth of COVID-19. (Covered companies: Waste Management (WM), Citiwaste, Sanpro Waste, MedPro waste disposal, Sharps Compliance, BioServeUSA, BioMedical Waste Solutions, PureWay Total Compliance, Medasend, Veolia Environnement, Saubere Hafen, EnviCare, Battelle)
The global medical waste disposal market is expected to grow at a rate of 10.6% from $ 13.5 billion in 2019 to $ 14.9 billion in 2020. The significant growth is mainly due to the COVID 19 outbreak and measures to contain it. The unforeseen amount of biomedical waste generated in COVID-treated hospitals, quarantine centers, health care facilities and in the home / home quarantine has triggered the need to dispose of medical waste. The market is expected to stabilize, reaching $ 16.62 billion at a rate of 3.8% in 2023.
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The medical waste disposal market consists of revenues from operations that provide services such as collection, transportation, storage, treatment, disposal and recycling of waste. Biomedical waste is generated in the diagnosis, treatment and immunization of people or other living things from health care facilities.
Global market segmentation for medical waste disposal –
The medical waste disposal market covered in this report is segmented
1) By type: bio-hazardous / infectious waste, non-hazardous waste, sharp, pharmaceutical, radioactive, other
2) By treatment: incineration, autoclaving, chemical treatment, others
3) By services: on-site services, off-site services
4) By waste producer: hospitals, clinics, outpatient surgical centers, pharmaceutical companies, biotechnology companies, others
Global market drivers for medical waste disposal –
In healthcare, most of the products used are single use to limit cross-contamination between patients and reduce the infection acquired in the hospital. The use of disposable or disposal products has increased significantly due to the outbreak of the COVID-19 pandemic. Widespread disposable items such as surgical gloves, disposable sheets, masks, surgical gowns, syringes, intravenous saline bags and others make up the majority of hospital waste. Therefore, the increase in the use of disposable medical products is expected to drive the medical waste disposal market.
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A few points from the global medical waste disposal market
2. Market characteristics of medical waste disposal
3. Size and growth of the medical waste disposal market
3.1. Historic medical waste disposal market, 2015 – 2019, billion U.S. dollars
3.1.1. Driver of the market
3.1.2. Restrictions on the market
3.2. Global medical waste disposal forecast market, 2019 – 2023F, 2025F, 2030F, billion U.S. dollars
3.2.1. Driver of the market
3.2.2. Restrictions on the market
4. Market segmentation for medical waste disposal
5. Regional and country-specific analysis of the medical waste disposal market
5.1. Global medical waste disposal market broken down by region, historical and forecast, 2015-2019, 2023F, 2025F, 2030F, billion U.S. dollars
5.2. Global medical waste disposal market, split by country, historical and forecast, 2015-2019, 2023F, 2025F, 2030F, billion U.S. dollars
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