According to the research report titled ‘North America 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, North America medical waste management market is anticipated to surpass a valuation of USD 6.5 billion by 2026.
 

The report states that increasing infrastructural development coupled with rising investments towards enhancement of healthcare services are augmenting the growth of the market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2683096/
 

Moreover, imposition of several regulatory guidelines which are aimed at restricting the spread of infections, rising adoption of safe handling practices of biomedical waste and surging demand for secured medical waste services are drafting favorable landscape for the expansion of the market. On the contrary, lack of awareness pertaining to medical waste disposal is expected to hamper the market growth during 2020-2026.
 

Based on type of waste, the hazardous segment is predicted to record a CAGR of 6.5% through 2026. Rising adoption of medical waste management services due to the focus towards safely managing medical waste is stimulating the segmental size.
 

With regards to services, the recycling services segment accounted for around USD 1.3 billion in the year 2019 and is predicted to show similar growth over the forecast period. Increasing efforts of regulatory bodies like EPA (Environmental Protection Agency) towards effectively recycling medical along with multiple advantages of the service such as pollution mitigation are responsible for the growth of the segment.
 

Moving on to the end-user spectrum, the nursing home segment of North America medical waste management industry is projected to hold 12% revenue share by 2026. Growing geriatric population and increasing admissions in nursing homes, owing to perpetual patient care as well as superior healthcare facilitated by innovative technology are propelling the expansion of the segment. 
 

As per the country-level analysis, Canada medical waste management market is estimated to exhibit a 4.5% CAGR through 2026. Growing medical waste accumulation due to rising number of hospital admissions, surging healthcare expenditure, and increasing awareness towards safe medical waste disposal are emerging as lucrative opportunities for the remuneration of the regional market.
 

The organizations that have an authoritative status in North America medical waste management market are Triumvirate Environmental Inc., GIC Medical Disposal, Mednet Solutions, Inc., Republic Services Inc., Veolia Environnement SA, Suez S.A., Stericycle, Inc., Daniels Sharpsmart, Inc., Clean Harbors, Inc., and BioMedical Waste Solutions, LLC.