GITNUX MARKETDATA REPORT 2024
Medical Waste Management Industry Statistics
The global medical waste management industry is expected to grow at a CAGR of approximately 5.2% from 2020 to 2027.
In this post, we will explore key statistics and insights regarding the global medical waste management industry. From market size and growth projections to waste generation sources and regulatory impacts, these data points shed light on the challenges and trends shaping this critical sector. Let’s dive into the numbers behind the handling and disposal of medical waste worldwide.
Statistic 1
"In 2020, the global medical waste management market size was estimated to be $6.93 Billion."
Statistic 2
"The medical waste management market is expected to grow with a CAGR of 5.4% from 2021 to 2028."
Statistic 3
"As of 2020, Hospitals were the largest waste generators producing more than 50% of the total volume."
Statistic 4
"North America accounted for the majority market share of 43.7% in 2020 in terms of revenue."
Statistic 5
"The U.S. is the largest producer of medical waste worldwide."
Statistic 6
"Chemical treatment among the other waste management methods is projected to expand at the fastest CAGR of 6.1% from 2021 to 2028."
Statistic 7
"In 2020, the infectious and pathological waste segment accounted for the largest revenue share of over 36%."
Statistic 8
"The Asian countries especially India and China are expected to witness the fastest growth in the market over the forecast period."
Statistic 9
"Regulatory bodies such as WHO and FDA have enforced stringent regulations on medical waste management and disposal."
Statistic 10
"The medical waste management market is highly competitive with top five players accounting for about 50% of the revenue share."
Statistic 11
"The non-hazardous waste market accounted for almost 85% of the total medical waste generated in 2020."
Statistic 12
"Pharmaceutical wastes are estimated to grow at the fastest rate, recording a CAGR of 6.2% between 2021 to 2028."
Statistic 13
"The COVID-19 pandemic has significantly increased the generation of medical waste worldwide."
Statistic 14
"The cost of handling and disposing of medical waste has been steadily increasing, rising by as much as 15% annually in some regions."
Statistic 15
"Medical waste accounts for 15% of total waste generated by healthcare facilities."
Statistic 16
"More than 2 million tons of medical waste is generated each year in the U.S. alone."
Statistic 17
"An estimated 90% of the world's medical waste is burned, contributing to air pollution."
Statistic 18
"Incineration of medical waste generates around 10% of dioxins and furans, which are harmful to human health."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
