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Pulished Date February, 2020
ID: 9267
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Global Medical Waste Management Market Segmentation By Waste Type (Sharps, Pathological Waste, Pharmaceutical Waste, Chemical Waste, Infectious Waste, Gene Toxic Waste, and Others), By Treatment Technology (Non-Incineration System and Incineration System), By Services (Disposal, Treatment, Recycling, and Collection, Transportation & Storage), By Treatment Sites (Off-Site and On-Site), By Waste Generator (Hospitals, Retail Pharmacy, Laboratories, Blood Banks, Research Institutions, and Others), and By Region - Size, Trends, Forecast (2020 – 2025)

Pulished: February, 2020
ID: 9267
Pages: 180

Medical Waste Management Market Value and Growth Analysis (2020-2025):

The size of the global Medical waste management market is expected to grow from $ 9.5 billion in 2025 to $ 6.3 billion in 2020, with a CAGR of 5.8%. Management of medical waste depends on the efficiency of waste sorting. If segregation is not appropriate, there is always a risk that a small amount of hazardous waste will mix with a large amount of medical waste, making the entire volume of hazardous waste.

There are different types of waste on the medical waste management market, such as sharps, chemical waste, pathological waste, industrial waste, and other types of waste. Waste management on a larger scale is related to the collection, transport, disposal, reduction, monitoring and recycling of used sanitary materials. Medical waste is generated by activities such as diagnosis, treatment (including surgery), and other disease prevention measures. It is mandatory to treat various pathogens and dangerous chemicals produced during medical operations. The medical waste management team converts infectious, contaminated and hazardous medical waste into safe and reusable products and materials.

Medical Waste Management Market Trends:

The growth of the entire medical and healthcare industry is causing demand for these systems. In addition, the increasing prevalence of diseases such as cancer and other chronic disorders and the increase in the geriatric population and traffic accidents are generating a greater demand for these advanced medical solutions. Therefore, the commercial availability of advanced medical solutions coupled with an expanding patient base is the source of a large amount of waste and by-products.

Recent Developments in the Medical Waste Management Market:

  • The United Nations Industrial Development Organization (UNIDO) and the Government of India have partnered to implement a US $ 40 million pilot project to help the country's healthcare system effectively manage and dispose of hazardous medical waste .
  • The Ministry of the Environment published the latest Biomedical Waste Management Rules, that will introduce a broader and more comprehensive routine for the management of biological waste.

Medical Waste Management Market Drivers:

The drivers of this market are the increase in research and development activities related to health care, the increase in the rate of spending on health care and treatment, and the increasing prevalence of communicable diseases. The increasing prevalence of diseases and the number of patients are the main cause of the increase in medical waste and therefore it is driving the growth of the market. In addition, the growth of the market is also reflected in the efficient supply of inventory necessary for the daily operation of hospitals, clinics and diagnostic centers. This results in the generation of more waste. These by-products and wastes require a suitable system or service for the collection, transport, disposal and recycling of specific materials or by-products if necessary. The demand for the use of cost-effective and environmentally friendly non-incineration technologies is increasing, as serious problems, such as the release of toxins into the air through incineration technology, are considered the main method of medical waste treatment. This innovative technology for medical waste is driving overall market growth. The medical waste management market is driven by an aging population, strict regulations for medical waste management, and the production of a large quantity of medical waste by various end users. In addition, the growing demand for safe waste management through an environmentally friendly treatment process further drives the growth of the market. The rapid growth of the healthcare sector would result in the generation of an increased quantity of medical waste, providing a significant growth opportunity for the market.

Medical Waste Management Market Restraints:

A radical shift in the market from large players to smaller local players is expected to hamper growth. Developing countries invest a large amount of capital to adopt sophisticated technologies to help reduce pollution and other dangerous effects on the ecosystem during treatment and disposal. However, these countries lack clear and strict guidelines and regulations for the management of medical waste, making it difficult for the market to grow.

Opportunities in the Medical Waste Management Market:

Some of the treatment, disposal and recycling procedures release gases and harmful compounds such as mercury and oxides. These dangerous compounds can cause soil, air and water contamination, leading to the spread of infectious agents that can cause cancer. Therefore, factors such as the development and adoption of advanced processing, disposal and recycling techniques for these materials are the engine of growth. Additionally, government initiatives to support financing of medical waste management programs in emerging markets are expected to drive growth. There are many factors that motivate, constrain and create opportunities for the global healthcare waste management market. The growing concern for the use of safe and environmentally friendly waste management and treatment processes is expected to drive the market in the coming years. Furthermore, the growing healthcare industry would thus generate more medical waste, creating opportunities for the market.

Challenges in the Medical Waste Management Market:

In the United States and European countries, due to strict regulations, most medical waste management service providers require permits, approvals, certificates, and other types of government permits from all jurisdictions in which they operate. Regulated waste disposal costs 10 times more than unregulated waste disposal. As the amount of medical waste produced increases, reducing regulated medical waste from healthcare facilities is a challenge.

Medical Waste Management Market Segmentation:

By Service:

  • Collection
  • Treatment
  • Disposable
  • Incineration
  • Recycling

The collection, transportation and storage services sectorheld the biggest industry share in  the year 2019.

By Type Of Waste:

  • Non-hazardous
  • Infectious
  • Pharmaceuticals

The non-hazardous waste segment accounted for the largest market share in 2019. Large amounts of non-hazardous waste are generated in healthcare facilities around the world; therefore, the emphasis is on efficient management.

By Treatment Site:

  • Offsite
  • Onsite

Medical Waste Management Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

The Americas have been segmented into North America and South America, with the North American market divided between the United States and Canada. The European market for medical waste management equipment has been segmented into Western Europe and Eastern Europe. Western Europe was further classified into Germany, France, the United Kingdom, Italy, Spain and the rest of Western Europe.

The Asia-Pacific medical waste management equipment market has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market for medical waste management equipment in the Middle East and Africa has been segmented into the Middle East and Africa. The Asia-Pacific region is expected to show the highest growth in the near future due to growing social awareness and the establishment of strict regulations for the proper disposal of waste and by-products. The adoption of environmentally friendly disposal and recycling processes is expected to drive growth.

Medical Waste Management Market Key Players:

The prominent players operating in the medical waste management market include Stericycle (US), Veolia Environnement S.A. (France), Suez Environnement (France), Clean Harbors (US), REMONDIS AG & Co. KG (Germany), Sharps Compliance, Inc. (US), Waste Management, Inc., (US), BioMedical Waste Solutions, LLC (US), Daniels Sharpsmart Inc. (Australia), Republic Services, Inc. (US), EcoMed Services (US), GRP & Associates (US), BWS Incorporated (US), MedPro Disposal (US), GIC Medical Disposal (Canada), Gamma Waste Services (US), Triumvirate Environmental (US), EPCO (Saudi Arabia), Casella Waste Systems, Inc. (US), & All Medical Waste Australia Pty Ltd. (Australia).

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Medical Waste Management Market, By Waste Type                              

                                6.1.1 Sharps      

                                6.1.2 Pathological Waste             

                                6.1.3 Pharmaceutical Waste       

                                6.1.4 Chemical Waste    

                                6.1.5 Infectious Waste  

                                6.1.6 Gene Toxic Waste

                                6.1.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.8 Y-o-Y Growth Rate Analysis              

                                6.1.9 Market Attractiveness Index           

                6.2 Medical Waste Management Market, By Treatment Technology                        

                                6.2.1 Non-Incineration System  

                                6.2.2 Incineration System            

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 Medical Waste Management Market, By Services                     

                                6.3.1 Disposal   

                                6.3.2 Treatment              

                                6.3.3 Recycling 

                                6.3.4 Collection, Transportation & Storage           

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.6 Y-o-Y Growth Rate Analysis              

                                6.3.7 Market Attractiveness Index           

                6.4 Medical Waste Management Market, By Treatment Sites                      

                                6.4.1 Off-Site    

                                6.4.2 On-Site     

                                6.4.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.4 Y-o-Y Growth Rate Analysis              

                                6.4.5 Market Attractiveness Index           

                6.5 Medical Waste Management Market, By Waste Generator                   

                                6.5.1 Hospitals  

                                6.5.2 Retail Pharmacy   

                                6.5.3 Laboratories           

                                6.5.4 Blood Banks           

                                6.5.5 Research Institutions          

                                6.5.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.5.7 Y-o-Y Growth Rate Analysis              

                                6.5.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Waste Type      

                                7.2.3 By Treatment Technology

                                7.2.4 By Services             

                                7.2.5 By Treatment Sites              

                                7.2.6 By Waste Generator           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Waste Type      

                                7.3.3 By Treatment Technology

                                7.3.4 By Services             

                                7.3.5 By Treatment Sites              

                                7.3.6 By Waste Generator           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Waste Type      

                                7.4.3 By Treatment Technology

                                7.4.4 By Services             

                                7.4.5 By Treatment Sites              

                                7.4.6 By Waste Generator           

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Waste Type      

                                7.5.3 By Treatment Technology

                                7.5.4 By Services             

                                7.5.5 By Treatment Sites              

                                7.5.6 By Waste Generator           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Waste Type      

                                7.6.3 By Treatment Technology

                                7.6.4 By Services             

                                7.6.5 By Treatment Sites              

                                7.6.6 By Waste Generator           

8. Key Player Analysis                                    

                8.1 Waste Management, Inc                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Stericycle, Inc.                           

                8.3 Clean Harbors, Inc                   

                8.4 Remondis Medison GmbH                   

                8.5 Republic Services, Inc                             

                8.6 BioMedical Waste Solutions, LLC                       

                8.7 Daniels Sharpsmart, Inc.                       

                8.8 Suez Environnement S.A                      

                8.9 Veolia Environnement S.A.                  

                8.10 Sharps Compliance, Inc.                      

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Type and Technology along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Medical Waste Management Market By Region, From 2020-2025 ( USD Billion )
  2. Global Medical Waste Management Market By Waste Type, From 2020-2025 ( USD Billion )
  3. Global Sharps Market By Region, From 2020-2025 ( USD Billion )
  4. Global Pathological Waste Market By Region, From 2020-2025 ( USD Billion )
  5. Global Pharmaceutical Waste Market By Region, From 2020-2025 ( USD Billion )
  6. Global Chemical Waste Market By Region, From 2020-2025 ( USD Billion )
  7. Global Infectious Waste Market By Region, From 2020-2025 ( USD Billion )
  8. Global Gene Toxic Waste Market By Region, From 2020-2025 ( USD Billion )
  9. Global Medical Waste Management Market By Treatment Technology, From 2020-2025 ( USD Billion )
  10. Global Non-Incineration System Market By Region, From 2020-2025 ( USD Billion )
  11. Global Incineration System Market By Region, From 2020-2025 ( USD Billion )
  12. Global Medical Waste Management Market By Services, From 2020-2025 ( USD Billion )
  13. Global Disposal Market By Region, From 2020-2025 ( USD Billion )
  14. Global Treatment Market By Region, From 2020-2025 ( USD Billion )
  15. Global Recycling Market By Region, From 2020-2025 ( USD Billion )
  16. Global Collection, Transportation & Storage Market By Region, From 2020-2025 ( USD Billion )
  17. Global Medical Waste Management Market By Treatment Sites, From 2020-2025 ( USD Billion )
  18. Global Off-Site Market By Region, From 2020-2025 ( USD Billion )
  19. Global On-Site Market By Region, From 2020-2025 ( USD Billion )
  20. Global Medical Waste Management Market By Waste Generators, From 2020-2025 ( USD Billion )
  21. Global Hospitals Market By Region, From 2020-2025 ( USD Billion )
  22. Global Retail Pharmacy Market By Region, From 2020-2025 ( USD Billion )
  23. Global Laboratories Market By Region, From 2020-2025 ( USD Billion )
  24. Global Blood Banks Market By Region, From 2020-2025 ( USD Billion )
  25. Global Research Institutions Market By Region, From 2020-2025 ( USD Billion )

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