North America Biomedical Waste Management Market - By Category , By Type , By Treatment Technology , By Source – Forecast (2024 - 2030)
North America Biomedical Waste Management Market Size is forecast to reach $ 12750 Million by 2030, at a CAGR of 8.00% during forecast period 2024-2030.Biomedical waste refers to the medical waste materials generated at blood banks, hospitals, clinics, medical research facilities, diagnostic laboratories and other healthcare facilities. Disposal of such medical waste is a continuous requirement in order to provide a better healthcare work environment as well as a healthy and hygienic patient care. Regulating the generation, handling, storage, treatment as well as disposal of biomedical waste is referred to as biomedical waste management process. Rising environmental concerns, government initiatives to prevent occurrence of diseases, stringent environment and safety regulations are the key factors driving the market growth for biomedical waste management in coming years. North America biomedical waste management market was valued at $XX million in 2015 is estimated to reach $XX million in 2022 with an anticipated growth at XX% CAGR during the forecast period 2024-2030.
The market for biomedical waste management in North America has been segmented on the basis of category, type, source and treatment technology. On the basis of type, the market is segmented into human anatomical wastes, animal wastes, microbiology and biotechnology wastes, waste sharps, solid wastes, discarded medicines and others. All these types of biomedical wastes can either be hazardous or non-hazardous. In terms of value, non-hazardous category dominated the biomedical waste management market in 2015 and is witnessed to continue its dominance in near future. By Treatment technology, the market is classified into thermal, biological, mechanical and so on. Thermal technology is further classified into low heat systems including autoclaving and microwaving; high heat systems including incineration and others. More than 70% of the biomedical waste in the region is treated by incineration method which is a type of thermal technology.
North America is the largest market for biomedical waste management with more than one third of the global market share. High end research and technological advancements make North America most prominent market during the forecast period. Emergence of large number of diagnostic laboratories, pharmaceutical companies, hospitals and clinics in the U.S. is another factor behind the growth of North America biomedical waste management market.
Sample Companies profiled in this Report are:
Biomedical Waste Solutions,
Stericycle, Inc.,
Medasend Biomedical, Inc.,
Clean Harbors Inc.
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Key Market Players:
The Top 5 companies in the North America Biomedical Waste Management Market are:
- Stericycle
- Suez
- VEOLIA ENVIRONNEMENT SA
- BioMedical Waste Solutions
- Daniels Sharpsmart Inc
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