The “Global Medical Waste Market – Analysis By Product Type, By End User, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)” report has been added to ResearchAndMarkets.com’s offering.
The Global Medical Waste market is projected to display robust growth represented by a CAGR of 2.63% during 2020-2025. Global Medical Waste Market was valued at USD 29.09 billion in the year 2019 with North America leading the regional market share.
The Medical Waste market is expected to rise on the back of increased government spending on public health and hygiene driven by ever-growing population and urbanization in major developing economies around the world with increased awareness of the effect of medical waste on human environmental health. These factors will facilitate growth of the market.
Under the segments, Non-Hazardous Waste and Health Care Units are estimated to experience the highest market share primarily on the back of the fact that 90% of waste generated from medical activity are non-hazardous in nature, with escalation of numbers of COVID-19 cases worldwide. These factors have boosted the demand for services related to treatment of medical wastes.
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Source: Business Wire