According to the latest study 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 worth USD 29.09 million in 2019 and is anticipated to record a y-o-y growth rate of 2.63% over 2020-2025.
 

Booming population and rapid urbanization, combined with government emphasis on improving the healthcare infrastructure, and federal spending towards public health and hygiene are primarily augmenting the growth of global medical waste market.
 

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Better cognizance of harmful impacts of medical waste on human health as well as on the environment is further multiplying the industry remuneration. Based on these factors, the research document intents to predict the business dynamics and unveils profitable prospects over 2020-2025.
 

Besides, bottlenecks and restraints lying dormant in this industry space are enlisted in the study, which goes on to suggest tactics and strategies for the companies to take these challenges head-on. Latest developments, including the impact of Covid-19 pandemic on market valuation are also analyzed in the report.
 

Considering the product type, worldwide medical waste market is classified into sharps, pharmaceutical waste, hazardous waste, non-hazardous waste, and others. Among these, non-hazardous waste segment is slated to contribute substantially to industry revenues during 2020-2025, as 90% of waste generated by healthcare facilities fall under this category.
 

Describing the end-user scope of the market, which is inclusive of healthcare units, and research & laboratory facilities, the report provides information about the industry share held by each segment and their growth rate prediction over the analysis timeframe.
 

Elaborating on regional landscape, global medical waste industry report conducts survey for geographies, namely, Asia Pacific, Europe, and North America, with emphasis on countries like China, India, UK, Germany, and U.S.
 

Focusing on competitive dashboard, prominent market players profiled in the report are Waste Management Inc., Clean Harbors Inc., SUEZ Group, Veolia Environnement S.A., and Stericycle Inc.