According to the research report titled ‘Global Medical Waste Market - Analysis By Product Type, By End User, By Region, By Country: Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)‘, available with Market Study Report, global medical waste market was valued at USD 29.09 billion in 2019 and is expected to witness a CAGR of 2.63% during 2020-2025.
 

Rise in government expenditure on public health & hygiene due to booming population and rapid urbanization in emerging nations is the major factor that is expected to drive the growth of global medical waste market during the forecast period. Also, improving awareness regarding the adverse effects of medical waste on human and environment health is likely to contribute to the market growth.
 

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With respect to the product type, global medical waste industry is segmented into hazardous waste, non-hazardous waste, sharps, pharmaceutical waste, and others. Among these, non-hazardous medical waste segment is estimated to hold majority market share in the upcoming years, since 90% of waste generated from medical activities is non-hazardous in nature.
 

Based on end-user spectrum, the industry is segmented into healthcare units and research & laboratories facility. As per the report, worldwide medical waste market share from healthcare units is reckoned to grow decently over the forecast period.
 

From regional overview, global medical waste market is segmented into Europe, North America, and Asia Pacific. The report cites that North America contributed majorly towards medical waste market share in the recent past and is poised to showcase remunerative growth through 2025.
 

Key players operating in global medical waste market are Suez, Stericycle, Waste Management Inc., Veolia Environnement, and Clean Harbors Inc.