According to the research report titled ‘Europe Medical Waste Management Market Size By Waste Generator, Type of Waste, Service, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Europe medical waste management market is expected to surpass USD 4 billion by the year 2026.
 

Flourishing healthcare industry coupled with rising adoption of biomedical waste services is a major factor driving the growth of medical waste management market size in Europe. Waste generated from treatment of COVID-19 patients is also kept separately and collected safely in order to reduce the spread of the disease.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2683099/
 

Apart from this, favorable government initiatives towards flattening the curve of COVID-19 outbreak is further aiding the Europe medical waste management industry outlook. However, lack of adequate training for medical waste disposal may act as hindering factor to the overall market growth.
 

As per waste generator, the report claims that hazardous segment accounted for 18.5% market share in the year 2019 and will witness significant growth in the forthcoming years. Hazardous waste can cause adverse impact on human as well as environment. Thus, rising adoption of incineration and other treatment services to minimize the spread of infectious diseases is fueling the segmental growth.
 

In terms of service type, the collection, transportation & storage services segment reached a valuation of USD 500 million in the year 2019 and is predicted to showcase similar growth during the study period. Strict regulatory guidelines while collecting and transporting medical wastes in a bid to avoid health hazards is favoring the Europe medical waste management market forecast.
 

Citing the end-user spectrum, the report cites that laboratories research centers segment accounted for 35% revenue share in 2019. Increasing medical waste generated from such healthcare institutions has impelled the demand for efficient waste disposal practices, thereby boosting the growth of the laboratories research centers medical waste management market in Europe.
 

Regionally, France medical waste management market is anticipated to showcase a y-o-y growth rate of 5.5% through 2026. Focus towards ensuing proper collection and storage of medical waste and strict regulatory scenario are swaying the business dynamics in France.
 

Triumvirate Environmental Inc., MedNet Solutions Inc., Republic Services Inc., Veolia Environnement S.A., Suez S.A., Stericycle Environmental Solutions, GIC Medical Disposal, Daniels Healthcare, Clean Harbors, Inc., and Biomedical Waste Solutions, LLC are the key participants in Europe medical waste management market.