Market Trends of Europe Medical Waste Management Industry
Treatment and Disposal are Expected to Witness Notable Market Growth During the Forecast Period
- The generation of medical waste has surged, necessitating effective and sustainable management practices. Proper treatment and disposal of medical waste are crucial for maintaining public health and environmental safety. Factors such as the rising awareness among healthcare providers about the potential health and environmental hazards associated with improper medical waste disposal have led to a growing emphasis on adopting safe and efficient waste management solutions.
- For instance, according to an article published by MDPI, in November 2022, member states in the European Union (EU) enacted legislation that complied with and served to implement European Commission (EC) directives on waste-related laws, directives, and standards. As a result, the EC urged EU member states to categorize medical wastes in line with Chapter 18 of the European Waste Catalogue (EWC), which prepares a list of waste descriptions for the various components of medical waste.
- As a result, there is an increasing preference for eco-friendly treatment options, such as recycling and waste-to-energy conversion, which not only reduce the volume of waste but also offer opportunities for resource recovery. Hence, the treatment and disposal of medical waste have become critical drivers of the medical waste management market's growth.
- Furthermore, the high burden of medical waste in European countries and significant regulations regarding the same further accentuate the demand for treatment and disposal, which is likely to drive the segment’s growth during the forecast period. For instance, in Germany, there are few legal regulations associated with medical waste disposal and management, such as the Infection Protection Act (IfSG), Biological Substances Ordinance (BioStoffV), KRINKO recommendations from the Commission for Hospital Hygiene and Infection Prevention, and the guidelines for waste disposal from the state working group (LAGA).
- Various initiatives taken by key players and the government, such as various amendments and strategies, are expected to boost the market's growth during the forecast period. For instance, in March 2023, NHS England published the NHS clinical waste strategy in order to transform the management of clinical waste by eliminating unnecessary waste, implementing innovative ways to reuse, and ensuring waste is processed in the most cost-effective and sustainable way.
- Thus, owing to the increase in awareness programs and the rise in regulations and strategies related to the treatment and disposal of medical waste, the segment is likely to witness notable growth during the forecast period.
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Germany is Expected to Hold a Significant Share in the Market During the Forecast Period
- Germany is expected to witness healthy growth in the European medical waste management market due to the presence of a highly developed health sector and an increase in infectious and chronic diseases requiring advanced medical and surgical resources and treatment. Moreover, initiatives by the German government to curb medical waste contribute to the regional market's growth. For instance, according to an article published by MDPI in November 2022, the waste management system in Germany was well-developed, following numerous laws and principles. Germany is one of the key countries in Europe for waste recycling and uses a unique waste categorization system.
- The rising company activities in managing waste are contributing to the country's market growth. For instance, in September of 2022, University Hospital Bonn (UKB) launched a pilot project cooperating with Resourcify to reduce waste generation and recycle medical waste. Hospitals are the fifth largest waste producer in Germany, amounting to approximately 1.2 million tonnes per year, and have a variety of waste streams. These include packaging, medical devices, and hazardous materials. Such an initiative is expected to drive market growth over the forecast period.
- Thus, owing to the increase in acceptance of proper waste management and strategic activities and pilot programs highlighting the importance of waste management in the country, the market studied is expected to grow during the forecast period in Germany.
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