The Global Medical Waste Management Market is projected to reach USD 12.6 billion by 2027 from USD 9.6 billion in 2022, at a CAGR of 5.6% during the forecast period. Growth in the medical waste management market is mainly driven by factors such as the increase in acquisitions by leading players in the market and increasing focus on technological advancements for medical waste management services. However, high capital investment is the major factors hampering the growth of this market.
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Browse in-depth TOC on “Medical Waste Management Market”
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Key Market Players
The major players operating in this market are Stericycle (US), Veolia Environnement S.A. (France), Sharps Compliance, Inc. (US), Waste Management, Inc. (US), Clean Harbors, Inc. (US), REMONDIS SE & CO. KG. (Germany), BioMedical Waste Solutions LLC (US), Daniel Sharpsmart, Inc. (Australia), Republic Services, Inc. (US), EcoMed Services (US), GRP & Associates, Inc. (US), BWS, Inc. (US), MedPro Disposal (US), GIC Medical Disposal (Canada), Gamma Waste Services (US), Triumvirate Environmental, Inc. (US), EPCO (Saudi Arabia), All Medical Waste Australia PTY. LTD. (Australia), Casella Waste Systems (US), Pro-Disposal (Georgia), SSO Medical Waste Management (US), SafeGuard Waste Solutions (US), MedWaste Industries, Inc. (US), Dulsco (Dubai).
In 2021, Republic Services, Inc. (US) held the leading position in the medical waste management market. The company has maintained a leading position in the market through its strong presence across North America. The company adopts inorganic growth strategies to increase its dominance in this market.
In 2021, Veolia Environnement S.A. (France) held the second position in the medical waste management market. It has a wide geographic presence that spans North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa, with a strong network. To sustain its leading position in the market, the company pursues organic and inorganic growth strategies.
Waste Management, Inc. held the leading position in the medical waste management market in 2021. Its leading position in this market can be attributed to its strong network in North America, enabling it to market its services effectively.
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North America is the largest regional market for medical waste management market
The global medical waste management market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for medical waste management market. The large share of North America in this market can be attributed to the rising focus on appropriate waste management and focus on providing healthcare facilities for health conditions like diabetes.
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