Description

The Global Medical Waste Management Market size was estimated at USD 11.73 Bn in 2021, growing at a CAGR of 6.2% during the forecast period 2021-2027. Medical waste is potentially infectious, generated at health care facilities such as clinics, hospitals, veterinary hospitals and medical research facilities and laboratories. Improper management of waste may cause serious health hazards. Medical waste can be divided into infectious waste, pathological waste, sharps (syringes, needles.), chemicals, pharmaceuticals, genotoxic waste, radioactive waste, and non-hazardous or general waste. Global medical waste management market is expected to grow at notable rates owing to various initiatives taken by non-government and government agencies in creating awareness and promoting the effective medical waste management. For instance, U.S., UK, India and others have framed regulations and rules for management of medical waste. Companies are adopting various strategies such as developing innovative management techniques and collaborating to increase the market share. The COVID-19 pandemic is relied upon to briefly affect the market. The report tracks recent innovations, key developments and startup’s details that are actively working in the market For instance, in August 2011, WM Healthcare Solutions, Inc. (Waste Management, Inc.) collaborated with DaVita Inc. and BD (Becton, Dickinson and Company) to launch dialyzer recycling pilot in 106 DaVita dialysis in Southern California.

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