Global Medical Waste Management Market Set to Reach USD 12.2 Billion by 2028
The global medical waste management market, valued at US$8.9 billion in 2022, stood at US$9.2 billion in 2023 and is projected to advance at a resilient CAGR of 5.9% from 2023 to 2028, culminating in a forecasted valuation of US$12.2 billion by the end of the period. This growth underscores why medical waste management matters now more than ever—for public health, environmental safety, and long-term operational resilience.
This news release from MarketsandMarkets highlights the global medical waste management market's projected growth to USD 12.2 billion by 2028, driven by rising healthcare activity, stricter compliance mandates, and sustainability priorities. The market, valued at USD 8.9 billion in 2022, is expected to grow at a CAGR of 5.9% through 2028. Key factors include the increasing volume of healthcare waste, high capital investment requirements, growing awareness programs in developed economies, and challenges in developing regions. North America leads the market, while the Asia Pacific region is expected to grow the fastest. Major players include Veolia Environnement S.A., Clean Harbors, Inc., Stericycle Inc., Waste Management, Inc., and Cleanaway Waste Management Limited.
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