Medical Waste Management Market Size

Medical Waste Management Market Size

Medical Waste Management Market size valued at USD 14 billion in 2022 and is projected to witness over 7.2% CAGR from 2023 to 2032.

During the COVID-19 pandemic, proper management and safe disposal of medical waste played a vital role in an emergency with proper identification, collection and separation, storage, and transportation, as well as safe practices including disinfection along with training healthcare workers.

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The global pandemic affected millions of people worldwide, resulting into high mortality rate. During this period, only emergency services were allowed. All the non-emergency and elective surgical procedures had been postponed. Companies in the healthcare and medical industry and several government organizations are continuously working on initiatives for medical waste management in a cost-effective, quick, and accurate manner.

Medical waste is defined as any kind of waste that comprises infectious or non-infectious materials. It includes waste generated by healthcare facilities such as dental practices, hospitals, physician’s offices, veterinary clinics, medical research facilities and laboratories. Such medical waste requires appropriate handling and management. Proper medical waste management enables organizations to minimize the risk factor, raise a safe and healthy working environment that in turn optimize profitability and performance of the organization.