Press Release Description
GCC Healthcare Waste Management Market to Grow at a CAGR of 14% Through 2028
Inadequate management of healthcare waste can result in the exposure of health workers, patients, waste handlers, and haulers to infections and other toxic consequences of this waste, which can also cause contamination of water, air, & soil and harm all life forms. Hence, these factors fuel the demand for a proper waste management system.
The GCC Healthcare Waste Management Market is expected to grow at a CAGR of 14% during the forecast period, i.e., 2023-28, says MarkNtel Advisors in their research report.
According to WHO, Hospital-Associated Infections (HAIs) harm nearly 5% of hospitalized patients. Besides, improper waste management can cause environmental pollution and an increase of vectors like insects and worms. Therefore, the need for a healthcare waste management system is rising dramatically across the GCC nations.
Non-Hazardous Waste Acquired the Largest Share of GCC Healthcare Waste Management Market
Based on the Type of Waste, the market segments into Hazardous and Non-Hazardous. Of both, Non-Hazardous waste accounted for the largest share of the market in the past few years. Non-Hazardous waste includes plastics, glass, packaging waste, and other building waste. The healthcare sector in the GCC is witnessing rapid growth, which, in turn, aids the generation of healthcare waste from various end-users like hospitals, clinics, and research laboratories. Hence, the demand for a healthcare waste management system to treat non-hazardous waste is significantly high.
“GCC Healthcare Waste Management Market Analysis, 2023” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, it also provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.
Hospitals, Clinics, and Medical Research Institutes Accounted for the Largest Share of GCC Healthcare Waste Management Market
Based on the End-User, the market bifurcates into Hospitals, Clinics, and Medical Research Institutes, Laboratories. Pharmaceutical companies, and Blood Banks. Here, Hospitals, Clinics, & Medical Research Institutes captured the largest share of the market in the previous few years as they, altogether, produce a large volume of medical waste.
Moreover, improper disposal of medical waste posing a high risk of infection & transmission of diseases among healthcare workers & patients also surge the demand for an adequate healthcare waste management system in Hospitals, Clinics, and Medical Research Institutes.
Saudi Arabia Dominated the GCC Healthcare Waste Management Market
Saudi Arabia dominated the largest share of the GCC Healthcare Waste Management Market during the previous few years. According to conservative estimates, Saudi Arabia generates around 80 tons of medical waste every day. A rapidly growing population in the country leads to a large volume of medical waste produced, thereby aiding the demand for an efficient healthcare waste management system, reveals MarkNtel Advisors in their research report”
Further Findings in the Research Report:
- Based on the Treatment Type, Incineration acquired the largest share of the market in the past few years.
- Transportation & Storage are projected to witness the fastest growth in the market during the forecast period.
- Disposal of untreated healthcare waste in landfills can lead to the contamination of air, water, and land, which, in turn, can affect living organisms.
Key Market Competitors:
According to MarkNtel Advisors, the leading industry players in the market are Remondis Medison GmbH, Suez Environment S.A, Veolia Environment S.A., Averda, SEPCO Environment, Saudi Investment Recycling Company, Others.
Key Questions Answered in the Study
- What are the current and future trends in the GCC Healthcare Waste Management market?
- How has the industry been evolving in terms of geography and services adoption?
- How has the competition been shaping across the GCC, followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the GCC Healthcare Waste Management market?
- What are the customer orientation, purchase behavior, and expectations from the Healthcare Waste Management service providers across GCC nations?
- By Type of Waste (Hazardous, Non-Hazardous)
- By Treatment Type (Chemical, Incineration, Autoclaving)
- By Services (Collection, Transportation & Storage, Recycling, Treatment & Disposal)
- By Treatment Site (Onsite, Offsite)
- By End Users ((Hospitals, Clinics, & Medical Research Institutes), Laboratories. Pharmaceutical companies, Blood Banks, Others)
- By Country (UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait
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