According to the latest report by DataIntelo, the global Bio-Medical Waste Management Market was valued at USD 7.8 billion in 2023 and is projected to reach USD 12.6 billion by 2032, expanding at a CAGR of 5.8% during the forecast period. The market growth is fueled by increasing healthcare activities, strict waste disposal regulations, and a rising number of hospitals and diagnostic labs globally.
The COVID-19 pandemic accelerated the generation of biomedical waste, emphasizing the importance of efficient disposal systems. This surge led to reforms in waste segregation, collection, transportation, treatment, and disposal processes—creating momentum for long-term demand in the sector.