Covid Impact Medical Waste Management Market is projected to register growth and reach USD 19.5 Billion with a CAGR of 5.3% within the study period.


The Global Medical Waste Management Market is projected to register growth and reach USD 19.5 Billion with a CAGR of 5.3% within the study period.

Medical waste or healthcare waste can be termed as any kind of the waste material generated at the time of medical procedures, diagnosis, treatment or research carried on human or animals. Source of medical waste generation ranges from blood banks, dental clinics, medical laboratory, research facilities to hospitals and diagnostic centers. Medical waste management including procedures or services including the collection, handling, disinfection/sterilization, and disposal of the waste in order to eradicate any chance of infection.

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Market Driver:

Growing healthcare industry leads to the production of medical waste resulting in adverse health effects. The outbreak of the infectious diseases creates an enormous burden on both, public health as well as economic stability. Such diseases contribute to the leading cause of death and disability worldwide hampering health and human progress. Rapid rise in the prevalence of tuberculosis, influenza, diphtheria, HIV/AIDS and some zoonotic diseases. The World Health Organization (WHO) reveals that it is one of the leading cause of death worldwide. It further stated that in 2018, approximately 1.5 million died from tuberculosis (TB), and around 10 million of the global population suffered by TB, including 5.7 million men, 3.2 million women and 1.1 million children. The demand for medical waste management market gained a rapid pace owing to the outbreak of SARS-CoV-2 virus (COVID-19). With the high transmission rate of the COVID-19, the need for appropriate waste management becomes vital. Thus, the prevalence of infectious diseases is expected to drive the market growth.

Market Restraint:

Appropriate disposal of the healthcare waste requires specialized set up which can disinfect and then dispose of the hazardous waste. It includes incinerators equipped with automatic loading and de-ashing system. Construction of the medical waste incineration plant includes the cost of the land, site preparation, architectural and legal fees. The cost further adds expenditure related to waste storage room, incinerator building, water collation trucks, storage charges and another equipment cost. Due to hidden cost and the relatively high price of the incinerators, the overall set up cost of the medical waste management rises. Abovfementioned factors are projected to hamper medical waste management market growth up to a certain extent .

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KEY Companies Covered

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For the scope of the report, In-depth segmentation is offered by Forencis Research

Medical Waste Management Market, by Service

Medical Waste Management Market, by Form of Waste

Medical Waste Management Market, by Waste Source

Medical Waste Management Market, by Region

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Table of Content

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