| The global market for medical waste treatment, containment, management and disposal rose from $1.9 billion in 2006 to an estimated $2.0 billion by the end of 2007. At a compound annual growth rate of 5.1%, it is further expected to reach $2.6 billion by 2012.
The US medical waste treatment, containment, management and disposal market is segmented into applications of containment systems, medical waste treatments, and management & disposal services. Of which, the management and disposal services have the maximum market share, which was valued at $1.6 billion in 2007. Further, at a CAGR of 5.5%, it is expected to grow to $2.1 billion by 2012.
The medical waste treatments, on the other hand make up for the smallest percentage of revenues. The reasons for it include the competition with service companies, and usually the one-time cost for facilities to implement a system on-site. The medical waste treatment segment was valued close to $58.4 million in 2007, with an annual growth rate of 8-9 percent. Even though the market sales within the segment are lower, it has the highest growth potential within the medical waste management market, due to aging population, rising cases of chronic disease, and requirements for sharps disposal in community settings.