Medical Waste Management Market Latest Trends, Future Strategies And Growth Forecast Till 2030

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Medical Waste Management Market
Medical Waste Management Market

The handling of biomedical waste using a variety of services, including autoclaving, chemical treatment, and burning, is referred to as medical waste management. The byproduct of hospitals, laboratories, the research sector, and surgery centers is medical waste. This market's expansion is a result of rising medical waste volumes, strict regulations enacted to manage them safely and sustainably, and the expansion of healthcare infrastructure. Additionally, the market is growing as a result of more awareness campaigns addressing the handling of medical waste. The global Medical Waste Management Market is expected to expand as a result of the COVID-19 epidemic. The COVID-19 pandemic has put a strain on healthcare systems around the globe and increased the amount of medical waste that hospitals, diagnostic facilities, research facilities, laboratories, and clinics create.

The Medical Waste Management Market is divided into segments based on service, waste type, treatment facility, and geographic location. The market is divided into treatment & disposal services, collection, transportation, and storage services, and recycling services. Incineration, autoclaving, chemical treatment, and others are other categories under the treatment and disposal services segment. Hazardous and non-hazardous waste make up the type of waste category. Additional categories within the hazardous waste category include infectious and pathological waste, pharmaceutical waste, sharp trash, and others. 

The rise in geriatric population, rise in chronic disease incidence, and advancements in technology for the efficient treatment of medical waste are the main factors driving the growth of the global Medical Waste Management Market. India created roughly 45,308 tonnes of biomedical waste between June 2020 and May 2021, according to the Central Pollution Control Board (CPCB), as a result of an increase in the usage of various diagnostic procedures and the treatment of COVID-19 patients. Two out of every three senior individuals had a chronic condition in 2020, according to the Longitudinal Ageing Study in India (LASI). Government initiatives for the efficient handling of medical waste are another factor driving market expansion.

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