Latest news with #medicalwaste
Yahoo
11 hours ago
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Medical Waste Management Market Worth USD 39.8 Billion in 2025 as WHO, EPA and New Tech Define Waste Solutions
The global medical waste management market size is calculated at USD 39.8 billion in 2025 and is expected to reach around USD 79.83 billion by 2034, growing at a CAGR of 8.04% for the forecasted period. Ottawa, July 22, 2025 (GLOBE NEWSWIRE) -- The global medical waste management market size was valued at USD 36.84 billion in 2024 and is predicted to hit around USD 79.83 billion by 2034, a study published by Towards Healthcare a sister firm of Precedence Research. The shift towards advanced and eco-friendly treatment methods and increased recycling and reuse of materials fuels the growth of the Takeaways North America held the largest share of the medical waste management market in 2024. Asia Pacific is estimated to grow at the fastest CAGR during the forecast period. By treatment site, the off-site segment held the dominant share of the market in 2024. By treatment site, the on-site segment is estimated to grow significantly during the forecast period. By treatment, the incineration segment dominated the market in 2024. By treatment, the autoclave segment is anticipated to grow at a significant rate in the market during the predicted time frame. Market Overview & Potential Medical waste management encompasses the safe handling, storage, treatment, and disposal of waste produced in healthcare facilities to reduce risks to human health and the environment. Effective procedures involve proper segregation, collection, transportation, and disposal tailored to different types of medical waste. The significance of proper medical waste management includes safeguarding public health by preventing the spread of infections and diseases from contaminated waste, protecting healthcare workers by reducing occupational hazards, and shielding the environment from pollution and soil or water contamination. Additionally, compliance with local and national regulations ensures proper medical waste practices. What is the Growth Potential Responsible for the Growth of the Medical Waste Management Market? The medical waste management market is mainly fueled by the rising amount of healthcare waste produced worldwide, increased use of disposable medical items, a higher number of surgical procedures, stricter regulations, and a greater focus on sustainable practices. Additional important factors include the growth of the healthcare sector, especially in developing areas, and the expanding elderly population. Other growth drivers include technological innovations such as new treatment and disposal methods, AI applications in waste management, increased healthcare spending, and a focus on the circular economy, all contributing to market Are the Growing Trends Associated with The Medical Waste Management Market? Advanced Treatment Technologies The growing demand for advanced treatments like microwave treatment, autoclaving, and plasma arc technologies with environmentally friendly solutions drives the growth. Growing Awareness and Regulations Increasing awareness of the health and environmental risks associated further propels the growth of the market. Technological Advancement The integration of technologies like robotics, automation, and AI in streamlining waste handling processes fuels the growth of the market. Focus On Waste Segregation Early-stage waste segregation and emphasis on color-coded segregation systems further fuel the growth of the market. What Is the Growing Challenge in the Medical Waste Management Market? The global medical waste management market encounters multiple significant challenges, such as the rising volume of medical waste, inadequate infrastructure for collection and transportation, the necessity for sustainable and eco-friendly disposal solutions, and strict regulatory and compliance standards. These issues are intensified by the increasing number of healthcare facilities, the outbreak of infectious diseases, and the growing environmental concerns associated with improper waste Analysis How Did North America Dominate the Medical Waste Management Market in 2024? North America held the largest share of the medical waste management market in 2024. The growth of the market 8is driven by the increased healthcare expenditure and services in the region, which generate a volume of medical waste. The stringent regulation and government initiatives for proper disposal of waste and adoption of better management practices are a growing trend in the region, which fuels the growth of the market. The growing environmental awareness due to rising waste and pollution, and increasing adoption of professional waste management practices for managing health risks associated with improper waste management are the factors that boost the growth of the market in the region. Medical waste in the U.S. is rising due to population growth, increased healthcare services, and disposable equipment use. It generates over 5 million tons annually. Waste is managed through incineration, autoclaving, and landfilling. Regulations are governed by the EPA and state agencies, focusing on segregation, treatment, and environmental safety. Canada faces growing medical waste volumes from aging populations and advanced medical procedures. Provinces handle healthcare waste individually, following national guidelines. Waste is treated via incineration, chemical disinfection, and thermal processes. Emphasis is placed on sustainable practices, including recycling non-hazardous waste and reducing single-use plastics in hospitals and clinics. What Made Asia Pacific Significantly Grow in The Medical Waste Management Market In 2024? Asia Pacific is estimated to grow at the fastest CAGR during the forecast period. The growth of the market is driven by technological advancements and the adoption of advanced waste treatment technologies, such as autoclave, in-site modular systems, and microwave irradiation also contribute to the growth of the market in the region. The growth is also driven by the rise in chronic diseases and an aging population in the region, also leads to higher medical procedures and generates more medical waste, which contributes to the growth of the market. The other growing trend in the region is the shift towards sustainable practices, preference for non-incineration technologies, digitalization, and automation, and onsite treatment are some of the factors that boost the growth of the market in the region. China's medical waste surged post-COVID-19, exceeding 1 million tons yearly. Urbanization and expanded healthcare access contribute to this rise. The government enforces strict waste segregation, tracking, and high-temperature incineration. Recent reforms mandate real-time monitoring and centralized disposal to curb illegal dumping and protect public health and environmental quality. India's medical waste is growing with its expanding healthcare sector, generating over 700 tons daily. Challenges include improper segregation, outdated infrastructure, and poor compliance. The Bio-Medical Waste Management Rules require authorized treatment facilities. Efforts focus on awareness, stricter enforcement, and investment in advanced treatment technologies like microwaving and deep Insights By Treatment site How Did the Off-Site Segment Dominate the Medical Waste Management Market In 2024? The off-site segment held the dominant share of the market in 2024. Off-site medical waste management is a vital segment in the medical waste management market, involving the collection, transportation, and treatment of waste at specialized, licensed facilities away from the healthcare provider's location. This approach ensures safe, compliant handling of hazardous materials like infectious waste, sharps, and chemical residues, reducing the burden on hospitals and clinics. Off-site services provide advanced treatment technologies and strict regulatory compliance, enhancing environmental safety. The growing emphasis on proper disposal and infection control drives strong demand, supporting market expansion. The on-site segment is estimated to grow significantly during the forecast period. On-site medical waste management is a crucial segment in the medical waste management market, where waste is treated and disposed of directly at the healthcare facility itself. This approach offers immediate handling of infectious and hazardous waste, reducing risks of contamination during transport and enhancing safety for staff and patients. On-site solutions include autoclaving, shredding, and compacting systems, providing operational control and compliance with strict regulations. The need for quick, efficient, and secure waste treatment drives demand for on-site management, supporting market growth. By Treatment Which Treatment Segment Dominates the Medical Waste Management Market In 2024? The incineration segment dominated the market in 2024. Incineration is a key treatment method in the medical waste management market, used to safely destroy infectious, hazardous, and pharmaceutical waste through high-temperature combustion. This process significantly reduces waste volume and neutralizes harmful pathogens, ensuring effective and compliant disposal. Incineration is especially crucial for handling pathological and certain chemical wastes that cannot be treated by other methods. The growing need for complete sterilization and strict environmental regulations drives the demand for incineration, supporting the expansion of advanced, sustainable waste management solutions. The autoclave segment is anticipated to grow at a significant rate in the market during the predicted time frame. Autoclave treatment is a widely used method in the medical waste management market, utilizing high-pressure saturated steam to sterilize infectious and biohazardous waste. This process effectively kills pathogens and reduces health risks, making the treated waste safe for disposal or further processing. Autoclaving is preferred for its environmental friendliness compared to incineration and its ability to handle a wide range of waste types, including sharps and laboratory materials. The growing focus on sustainable, safe, and cost-effective waste treatment drives demand for autoclave systems, supporting market Developments In February 2025, Union Minister Dr. Jitendra Singh announced the launch of Indigenous automated biomedical waste treatment. This innovative, environmentally friendly technology offers a significant advancement in the sustainable management of biomedical waste. In June 2025, the Indira Gandhi National Open University (IGNOU), in partnership with the World Health Organization (WHO), launched a certification program for biomedical waste management. Top Companies and Their Contributions to the Market Company Contribution & Offerings REMONDIS SE & Co. KG German-based, offers comprehensive hazardous and medical waste treatment across Europe. Focuses on recycling and sustainable disposal technologies. Republic Services, Inc. U.S.-based, provides regulated medical waste services including sharps and pharmaceutical disposal. Emphasizes eco-friendly landfilling and recycling. Sharps Compliance, Inc. Specializes in mail-back systems for small medical waste generators in the U.S. Offers cost-effective and compliant solutions for clinics and households. Stericycle, Inc. A global leader in regulated waste and compliance solutions, serving hospitals, labs, and pharmacies. Known for large-scale operations and integrated services. Suez Environment France-based, offers global environmental services including medical waste collection, disinfection, and incineration. Promotes circular economy principles. Veolia Operates globally with advanced waste treatment technologies. Provides medical waste solutions tailored to hospitals, including mobile units. Waste Management, Inc. U.S.-based giant offering biomedical and hazardous waste services. Focuses on sustainability and regulatory compliance. Clean Harbors, Inc. Offers comprehensive hazardous waste disposal and emergency response. Serves hospitals, labs, and industrial clients. Biomedical Waste Solutions U.S.-focused, specializes in affordable, compliant medical waste disposal for small-to-mid healthcare providers. Daniels Sharpsmart, Inc. Innovator in reusable sharps containers. Provides full-service medical waste management with a focus on infection control and sustainability. Key Players in the Medical Waste Management Market REMONDIS SE & Co. KG Republic Services, Inc Sharp Compliance, Inc Stericycle, Inc Suez environment Veolia Waste Management, Inc Clean Harbors, Inc. Biomedical Waste Solutions, LLC Daniels Sharpsmart, Inc. Browse More Insights of Towards Healthcare: AI in Medical Billing MarketThe global AI in medical billing market is valued at $3.73 billion in 2024, expected to grow to $4.68 billion in 2025, and projected to reach around $36.37 billion by 2034, growing at a robust CAGR of 25.4% from 2025 to 2034. Medical Foods for Orphan Disease MarketThe medical foods for orphan disease market stands at $8.84 billion in 2024, will grow slightly to $9.3 billion in 2025, and is estimated to hit $14.65 billion by 2034, at a CAGR of 5.2% during the forecast period. Automated Medical Coding MarketThe automated medical coding market is advancing rapidly and is expected to generate hundreds of millions in revenue globally between 2025 and 2034. Pain Management Devices MarketThe pain management devices market is valued at $7.68 billion in 2024, growing to $8.41 billion in 2025, and forecasted to reach $19.1 billion by 2034, expanding at a CAGR of 9.54%. Medical Device CRO MarketThe medical device contract research organization (CRO) market is worth $8.49 billion in 2024, projected to rise to $9.25 billion in 2025, and reach around $19.9 billion by 2034, with a CAGR of 8.98%. Medical Polymers MarketThe global medical polymers market is valued at $23.29 billion in 2024, expected to grow to $25.16 billion in 2025, and projected to reach $50.46 billion by 2034, registering a CAGR of 8.04%. Medical Billing MarketThe global medical billing market is calculated at $17.86 billion in 2024, rising to $20.04 billion in 2025, and anticipated to hit $54.93 billion by 2034, growing steadily at a CAGR of 12.17%. Medical Membrane MarketThe medical membrane market size is $4.26 billion in 2024, increasing to $4.58 billion in 2025, and projected to reach $8.74 billion by 2034, growing at a CAGR of 7.45%. Medical Imaging MarketThe global medical imaging market stands at $41.64 billion in 2024, growing to $43.72 billion in 2025, and is forecasted to reach $67.87 billion by 2034, with a CAGR of 4.99%. Wearable Medical Devices MarketThe wearable medical devices market is growing quickly, starting at $42.78 billion in 2024, rising to $53.68 billion in 2025, and expected to reach a massive $408.61 billion by 2034, with an impressive CAGR of 25.57%. Segments Covered in The Report By Treatment Site Onsite Collection Treatment Recycling Others Offsite Collection Treatment Recycling Others By Treatment Incineration Autoclaving Chemical treatment Others By Region North America U.S. Canada Asia Pacific China Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait To invest in our premium strategic solution and customized market report options, click here: You can place an order or ask any questions, please feel free to contact us at sales@ Gain access to the latest insights and statistics in the healthcare industry by subscribing to our Annual Membership. Stay updated on healthcare industry segmentation with detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead of the curve with valuable resources and strategic recommendations. Join today to unlock a wealth of knowledge and opportunities in the dynamic world of healthcare: Get a Subscription About Us Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics, with a strong emphasis on life science research. Dedicated to advancing innovation in the life sciences sector, we build strategic partnerships that generate actionable insights and transformative breakthroughs. As a global strategy consulting firm, we empower life science leaders to gain a competitive edge, drive research excellence, and accelerate sustainable growth. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Automotive | Towards Food and Beverages | Towards Chemical and Materials | Towards Consumer Goods | Towards Dental | Towards EV Solutions | Nova One Advisor | Healthcare Webwire | Packaging Webwire | Automotive Webwire For Latest Update Follow Us: in to access your portfolio
Yahoo
11 hours ago
- Business
- Yahoo
Medical Waste Management Market Worth USD 39.8 Billion in 2025 as WHO, EPA and New Tech Define Waste Solutions
The global medical waste management market size is calculated at USD 39.8 billion in 2025 and is expected to reach around USD 79.83 billion by 2034, growing at a CAGR of 8.04% for the forecasted period. Ottawa, July 22, 2025 (GLOBE NEWSWIRE) -- The global medical waste management market size was valued at USD 36.84 billion in 2024 and is predicted to hit around USD 79.83 billion by 2034, a study published by Towards Healthcare a sister firm of Precedence Research. The shift towards advanced and eco-friendly treatment methods and increased recycling and reuse of materials fuels the growth of the Takeaways North America held the largest share of the medical waste management market in 2024. Asia Pacific is estimated to grow at the fastest CAGR during the forecast period. By treatment site, the off-site segment held the dominant share of the market in 2024. By treatment site, the on-site segment is estimated to grow significantly during the forecast period. By treatment, the incineration segment dominated the market in 2024. By treatment, the autoclave segment is anticipated to grow at a significant rate in the market during the predicted time frame. Market Overview & Potential Medical waste management encompasses the safe handling, storage, treatment, and disposal of waste produced in healthcare facilities to reduce risks to human health and the environment. Effective procedures involve proper segregation, collection, transportation, and disposal tailored to different types of medical waste. The significance of proper medical waste management includes safeguarding public health by preventing the spread of infections and diseases from contaminated waste, protecting healthcare workers by reducing occupational hazards, and shielding the environment from pollution and soil or water contamination. Additionally, compliance with local and national regulations ensures proper medical waste practices. What is the Growth Potential Responsible for the Growth of the Medical Waste Management Market? The medical waste management market is mainly fueled by the rising amount of healthcare waste produced worldwide, increased use of disposable medical items, a higher number of surgical procedures, stricter regulations, and a greater focus on sustainable practices. Additional important factors include the growth of the healthcare sector, especially in developing areas, and the expanding elderly population. Other growth drivers include technological innovations such as new treatment and disposal methods, AI applications in waste management, increased healthcare spending, and a focus on the circular economy, all contributing to market Are the Growing Trends Associated with The Medical Waste Management Market? Advanced Treatment Technologies The growing demand for advanced treatments like microwave treatment, autoclaving, and plasma arc technologies with environmentally friendly solutions drives the growth. Growing Awareness and Regulations Increasing awareness of the health and environmental risks associated further propels the growth of the market. Technological Advancement The integration of technologies like robotics, automation, and AI in streamlining waste handling processes fuels the growth of the market. Focus On Waste Segregation Early-stage waste segregation and emphasis on color-coded segregation systems further fuel the growth of the market. What Is the Growing Challenge in the Medical Waste Management Market? The global medical waste management market encounters multiple significant challenges, such as the rising volume of medical waste, inadequate infrastructure for collection and transportation, the necessity for sustainable and eco-friendly disposal solutions, and strict regulatory and compliance standards. These issues are intensified by the increasing number of healthcare facilities, the outbreak of infectious diseases, and the growing environmental concerns associated with improper waste Analysis How Did North America Dominate the Medical Waste Management Market in 2024? North America held the largest share of the medical waste management market in 2024. The growth of the market 8is driven by the increased healthcare expenditure and services in the region, which generate a volume of medical waste. The stringent regulation and government initiatives for proper disposal of waste and adoption of better management practices are a growing trend in the region, which fuels the growth of the market. The growing environmental awareness due to rising waste and pollution, and increasing adoption of professional waste management practices for managing health risks associated with improper waste management are the factors that boost the growth of the market in the region. Medical waste in the U.S. is rising due to population growth, increased healthcare services, and disposable equipment use. It generates over 5 million tons annually. Waste is managed through incineration, autoclaving, and landfilling. Regulations are governed by the EPA and state agencies, focusing on segregation, treatment, and environmental safety. Canada faces growing medical waste volumes from aging populations and advanced medical procedures. Provinces handle healthcare waste individually, following national guidelines. Waste is treated via incineration, chemical disinfection, and thermal processes. Emphasis is placed on sustainable practices, including recycling non-hazardous waste and reducing single-use plastics in hospitals and clinics. What Made Asia Pacific Significantly Grow in The Medical Waste Management Market In 2024? Asia Pacific is estimated to grow at the fastest CAGR during the forecast period. The growth of the market is driven by technological advancements and the adoption of advanced waste treatment technologies, such as autoclave, in-site modular systems, and microwave irradiation also contribute to the growth of the market in the region. The growth is also driven by the rise in chronic diseases and an aging population in the region, also leads to higher medical procedures and generates more medical waste, which contributes to the growth of the market. The other growing trend in the region is the shift towards sustainable practices, preference for non-incineration technologies, digitalization, and automation, and onsite treatment are some of the factors that boost the growth of the market in the region. China's medical waste surged post-COVID-19, exceeding 1 million tons yearly. Urbanization and expanded healthcare access contribute to this rise. The government enforces strict waste segregation, tracking, and high-temperature incineration. Recent reforms mandate real-time monitoring and centralized disposal to curb illegal dumping and protect public health and environmental quality. India's medical waste is growing with its expanding healthcare sector, generating over 700 tons daily. Challenges include improper segregation, outdated infrastructure, and poor compliance. The Bio-Medical Waste Management Rules require authorized treatment facilities. Efforts focus on awareness, stricter enforcement, and investment in advanced treatment technologies like microwaving and deep Insights By Treatment site How Did the Off-Site Segment Dominate the Medical Waste Management Market In 2024? The off-site segment held the dominant share of the market in 2024. Off-site medical waste management is a vital segment in the medical waste management market, involving the collection, transportation, and treatment of waste at specialized, licensed facilities away from the healthcare provider's location. This approach ensures safe, compliant handling of hazardous materials like infectious waste, sharps, and chemical residues, reducing the burden on hospitals and clinics. Off-site services provide advanced treatment technologies and strict regulatory compliance, enhancing environmental safety. The growing emphasis on proper disposal and infection control drives strong demand, supporting market expansion. The on-site segment is estimated to grow significantly during the forecast period. On-site medical waste management is a crucial segment in the medical waste management market, where waste is treated and disposed of directly at the healthcare facility itself. This approach offers immediate handling of infectious and hazardous waste, reducing risks of contamination during transport and enhancing safety for staff and patients. On-site solutions include autoclaving, shredding, and compacting systems, providing operational control and compliance with strict regulations. The need for quick, efficient, and secure waste treatment drives demand for on-site management, supporting market growth. By Treatment Which Treatment Segment Dominates the Medical Waste Management Market In 2024? The incineration segment dominated the market in 2024. Incineration is a key treatment method in the medical waste management market, used to safely destroy infectious, hazardous, and pharmaceutical waste through high-temperature combustion. This process significantly reduces waste volume and neutralizes harmful pathogens, ensuring effective and compliant disposal. Incineration is especially crucial for handling pathological and certain chemical wastes that cannot be treated by other methods. The growing need for complete sterilization and strict environmental regulations drives the demand for incineration, supporting the expansion of advanced, sustainable waste management solutions. The autoclave segment is anticipated to grow at a significant rate in the market during the predicted time frame. Autoclave treatment is a widely used method in the medical waste management market, utilizing high-pressure saturated steam to sterilize infectious and biohazardous waste. This process effectively kills pathogens and reduces health risks, making the treated waste safe for disposal or further processing. Autoclaving is preferred for its environmental friendliness compared to incineration and its ability to handle a wide range of waste types, including sharps and laboratory materials. The growing focus on sustainable, safe, and cost-effective waste treatment drives demand for autoclave systems, supporting market Developments In February 2025, Union Minister Dr. Jitendra Singh announced the launch of Indigenous automated biomedical waste treatment. This innovative, environmentally friendly technology offers a significant advancement in the sustainable management of biomedical waste. In June 2025, the Indira Gandhi National Open University (IGNOU), in partnership with the World Health Organization (WHO), launched a certification program for biomedical waste management. Top Companies and Their Contributions to the Market Company Contribution & Offerings REMONDIS SE & Co. KG German-based, offers comprehensive hazardous and medical waste treatment across Europe. Focuses on recycling and sustainable disposal technologies. Republic Services, Inc. U.S.-based, provides regulated medical waste services including sharps and pharmaceutical disposal. Emphasizes eco-friendly landfilling and recycling. Sharps Compliance, Inc. Specializes in mail-back systems for small medical waste generators in the U.S. Offers cost-effective and compliant solutions for clinics and households. Stericycle, Inc. A global leader in regulated waste and compliance solutions, serving hospitals, labs, and pharmacies. Known for large-scale operations and integrated services. Suez Environment France-based, offers global environmental services including medical waste collection, disinfection, and incineration. Promotes circular economy principles. Veolia Operates globally with advanced waste treatment technologies. Provides medical waste solutions tailored to hospitals, including mobile units. Waste Management, Inc. U.S.-based giant offering biomedical and hazardous waste services. Focuses on sustainability and regulatory compliance. Clean Harbors, Inc. Offers comprehensive hazardous waste disposal and emergency response. Serves hospitals, labs, and industrial clients. Biomedical Waste Solutions U.S.-focused, specializes in affordable, compliant medical waste disposal for small-to-mid healthcare providers. Daniels Sharpsmart, Inc. Innovator in reusable sharps containers. Provides full-service medical waste management with a focus on infection control and sustainability. Key Players in the Medical Waste Management Market REMONDIS SE & Co. KG Republic Services, Inc Sharp Compliance, Inc Stericycle, Inc Suez environment Veolia Waste Management, Inc Clean Harbors, Inc. Biomedical Waste Solutions, LLC Daniels Sharpsmart, Inc. Browse More Insights of Towards Healthcare: AI in Medical Billing MarketThe global AI in medical billing market is valued at $3.73 billion in 2024, expected to grow to $4.68 billion in 2025, and projected to reach around $36.37 billion by 2034, growing at a robust CAGR of 25.4% from 2025 to 2034. Medical Foods for Orphan Disease MarketThe medical foods for orphan disease market stands at $8.84 billion in 2024, will grow slightly to $9.3 billion in 2025, and is estimated to hit $14.65 billion by 2034, at a CAGR of 5.2% during the forecast period. Automated Medical Coding MarketThe automated medical coding market is advancing rapidly and is expected to generate hundreds of millions in revenue globally between 2025 and 2034. Pain Management Devices MarketThe pain management devices market is valued at $7.68 billion in 2024, growing to $8.41 billion in 2025, and forecasted to reach $19.1 billion by 2034, expanding at a CAGR of 9.54%. Medical Device CRO MarketThe medical device contract research organization (CRO) market is worth $8.49 billion in 2024, projected to rise to $9.25 billion in 2025, and reach around $19.9 billion by 2034, with a CAGR of 8.98%. Medical Polymers MarketThe global medical polymers market is valued at $23.29 billion in 2024, expected to grow to $25.16 billion in 2025, and projected to reach $50.46 billion by 2034, registering a CAGR of 8.04%. Medical Billing MarketThe global medical billing market is calculated at $17.86 billion in 2024, rising to $20.04 billion in 2025, and anticipated to hit $54.93 billion by 2034, growing steadily at a CAGR of 12.17%. Medical Membrane MarketThe medical membrane market size is $4.26 billion in 2024, increasing to $4.58 billion in 2025, and projected to reach $8.74 billion by 2034, growing at a CAGR of 7.45%. Medical Imaging MarketThe global medical imaging market stands at $41.64 billion in 2024, growing to $43.72 billion in 2025, and is forecasted to reach $67.87 billion by 2034, with a CAGR of 4.99%. Wearable Medical Devices MarketThe wearable medical devices market is growing quickly, starting at $42.78 billion in 2024, rising to $53.68 billion in 2025, and expected to reach a massive $408.61 billion by 2034, with an impressive CAGR of 25.57%. Segments Covered in The Report By Treatment Site Onsite Collection Treatment Recycling Others Offsite Collection Treatment Recycling Others By Treatment Incineration Autoclaving Chemical treatment Others By Region North America U.S. Canada Asia Pacific China Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait To invest in our premium strategic solution and customized market report options, click here: You can place an order or ask any questions, please feel free to contact us at sales@ Gain access to the latest insights and statistics in the healthcare industry by subscribing to our Annual Membership. Stay updated on healthcare industry segmentation with detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead of the curve with valuable resources and strategic recommendations. Join today to unlock a wealth of knowledge and opportunities in the dynamic world of healthcare: Get a Subscription About Us Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics, with a strong emphasis on life science research. Dedicated to advancing innovation in the life sciences sector, we build strategic partnerships that generate actionable insights and transformative breakthroughs. As a global strategy consulting firm, we empower life science leaders to gain a competitive edge, drive research excellence, and accelerate sustainable growth. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Automotive | Towards Food and Beverages | Towards Chemical and Materials | Towards Consumer Goods | Towards Dental | Towards EV Solutions | Nova One Advisor | Healthcare Webwire | Packaging Webwire | Automotive Webwire For Latest Update Follow Us: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Health
- Yahoo
Medical waste found on P.E.I. property not believed to have any criminal aspect, RCMP say
The RCMP says there's no indication that a small pile of unsecured medical waste found on a rural property in eastern P.E.I. has any criminal aspect. In an email to CBC News Thursday, the RCMP said the provincial Department of Environment, Energy and Climate Action asked them to conduct a review of the waste and how it got to the vacant land near Murray River. "Our conclusion is that there is no information to suggest there is a criminal act or intent," the email reads. "RCMP will not be further involved in this, and we have no interest in the items recovered." Police say the property owners contracted a third-party service to clean up the waste. Earlier this month, CBC News reported on the discovery of what appeared to be vials of blood, testing strips and other medical waste.. The land is owned by Moonlight International Foundation, a non-profit with ties to the Buddhist community in the province. Photos obtained by CBC News via drone showed the materials in a loose pile on the ground. Some of the material had writing in Chinese characters. The Department of Environment, Energy and Climate Action confirmed staff had inspected the area on July 9, and said the amount of waste they found would fit into a small garbage bag. A spokesperson for the Moonlight International Foundation said in an email that the group had learned about the medical waste through correspondence with CBC News, calling it "truly a regrettable situation." Under the P.E.I. Environmental Protection Act's waste resource management regulations, no person can dispose of special waste, which includes medical waste, except at an appropriate landfill or composting facility that's approved to accept the material.
Yahoo
5 days ago
- Health
- Yahoo
Medical waste found on P.E.I. property not believed to have any criminal aspect, RCMP say
The RCMP says there's no indication that a small pile of unsecured medical waste found on a rural property in eastern P.E.I. has any criminal aspect. In an email to CBC News Thursday, the RCMP said the provincial Department of Environment, Energy and Climate Action asked them to conduct a review of the waste and how it got to the vacant land near Murray River. "Our conclusion is that there is no information to suggest there is a criminal act or intent," the email reads. "RCMP will not be further involved in this, and we have no interest in the items recovered." Police say the property owners contracted a third-party service to clean up the waste. Earlier this month, CBC News reported on the discovery of what appeared to be vials of blood, testing strips and other medical waste.. The land is owned by Moonlight International Foundation, a non-profit with ties to the Buddhist community in the province. Photos obtained by CBC News via drone showed the materials in a loose pile on the ground. Some of the material had writing in Chinese characters. The Department of Environment, Energy and Climate Action confirmed staff had inspected the area on July 9, and said the amount of waste they found would fit into a small garbage bag. A spokesperson for the Moonlight International Foundation said in an email that the group had learned about the medical waste through correspondence with CBC News, calling it "truly a regrettable situation." Under the P.E.I. Environmental Protection Act's waste resource management regulations, no person can dispose of special waste, which includes medical waste, except at an appropriate landfill or composting facility that's approved to accept the material.
RNZ News
09-07-2025
- Business
- RNZ News
Kiwi medical waste company succeeding in Australia but battling Pharmac
Photo: Supplied If you have ever been sitting in a GP's rooms, a hospital emergency department or hospital room you have probably watched as a doctor or nurse opens a sterile packet of something, uses it once, and then bins it. If you had that stuff at home you would probably wash it and use it again - items such as deep vein thrombosis sleeves, patient transfer mattresses and blood pressure cuffs. You would not be the only one wondering about the waste. Now, a Kiwi company has an answer, and is taking more than 50 types of single-use medical devices and giving them a second life. Canterbury-based Medsalv reckons it has so far saved more than half a million devices from landfills across Australia and New Zealand, throughout more than 90 hospitals. It collects the old devices, remanufactures them by inspecting, cleaning, testing and repackaging; and returns them. Along the way it's saving health care providers a lot of money, and creating jobs, many of them for people with barriers to employment. If the whole country got on board, one estimate suggests it could prevent 1700 tonnes of medical waste going to landfills a year - and generate $100 million in savings. But Medsalv has spent years banging its head against Pharmac's doors, and has only just got onto a secondary list (non-contracted) for approved suppliers, saving hospitals having to go through a procurement process. In the meantime the company's work has been whole heartedly embraced by Australia, where Medsalv now has a factory with support and funding from the Victoria state government. Medsalv founder and chief executive Oliver Hunt tells The Detail the process to get in the door with Pharmac has been long and exceptionally difficult. After years of discussions, Pharmac has put the Medsalv's remanufactured medical devices on its new comprehensive list, effective from 1 July, but it still has not made it onto its main contracted list. "So, we are on a list, but we are not on a contracted list. So, the products that we've put through don't have a price next to them, and the next step for us is to get a contract with whoever the contracting entity becomes. "I think it's a step in the right direction, and it's good to show people the value of the products that we're delivering, but there are more steps to happen." Pharmac says having your hospital medical devices in the Hospital Medical Devices List ensures that Health NZ hospitals can consider your products for use in their hospital. Health NZ hospitals can choose which devices they buy from the list without needing to run a primary procurement process. Pharmac also told The Detail that contracts for medical devices are generally evergreen, meaning they don't have an end date. And this helps to secure the best deals, with a wide range of suppliers. It says the latest comprehensive list brings greater transparency to what's used and funded in public hospitals. But haematologist Dr Ruth Spearing, a supporter of Oliver Hunt and Medsalv, tells The Detail, Pharmac's model is "completely wrong". "I look at the amount of waste that goes to the landfill, the amount of money that is wasted, it is just horrendous. And anything, any company which can reduce that wastage and reduce its expenditure should be being supported and not blocked in the way that Pharmac has consistently blocked Oliver's company. It's such a shame. "Pharmac's model is completely wrong in so much as it deals with big international device companies and gives them very long contracts and also gives them contracts with fixed amounts so there's no ability of Health New Zealand to actually become more efficient and decrease purchases because those companies have fixed amounts that they have been contracted to sell by Pharmac to Health New Zealand. "So, the model is completely wrong. And any way to try to break into that model has been seemingly impossible." Hunt, a mechanical engineer, founded Medsalv while completing his master's in engineering management at the University of Canterbury. The social enterprise was his master's project. He says the reprocessing of used single-use devices is meticulous. Every item is collected after use, then cleaned, tested, and sterilised to internationally recognised standards. If anything doesn't pass inspection, it's binned; broken apart into individual materials and recycled where possible. Hunt says the remanufactured devices come back at a lower cost, "we provide employment for people facing barriers to employment in the process, there's less emissions, less waste... we create some quite significant benefits for the health system and for the hospitals." He says it is about using innovation to stretch the health dollar. Dr Ruth Spearing says New Zealand needs to be "supporting these companies, we need to be supporting innovation, and we need to be supporting people like Oliver who are making a difference. It really is a win-win-win company." Check out how to listen to and fol low The Detail here . You can also stay up-to-date by liking us on Facebook or following us on Twitter .
