The global Medical Waste Management market size is expected to be worth around US$ 43.4 billion by 2030, according to a new report by Vision Research Reports.
The global Medical Waste Management market size was valued at US$ 31.0 billion in 2020 and is anticipated to grow at a CAGR of 15.4 % during forecast period 2021 to 2030.
Growth Factors
The development of innovative manufacturing techniques in pharmaceuticals, medical devices is growing at a rapid pace. The rise in hospitals, multispecialty clinics, and diagnostic centers that require a large number of inventories for day to day functioning is also leading to the generation of more waste. Thus, overall growth in the healthcare industry coupled with the rising patient population requiring to prolong medical and surgical aid is fueling the market growth.
Rapid growth in initiatives by the government to support and raise funds for effective waste management is anticipated to drive the market growth. These programs are conducted for creating awareness regarding the importance of systems for proper waste disposal. Additionally, taking steps to set standards and guidelines for the same is anticipated to propel the market growth.
The medical waste management involves high capital investment for managing hazardous by-products and disposal of infectious material. This disposal and recycling processes are associated with the release of hazardous gases and compounds which may disturb the ecosystem and are likely to affect the industry growth.
Report Highlights
The medical waste management market is segmented on the basis of services and treatment performed on materials. The players in this industry provide services that include collection, transportation, storage, treatment, disposal, and recycling of waste. These services can be performed onsite or offsite. Usually, disposal and treatment of the material are outsourced offsite, hence, this segment accounts for the largest share. However, to minimize the cost & holding time of waste, the adoption of onsite disposal and treatment is rapidly increasing. Many firms are starting up their own onsite treatment, disposal systems, and recycling units. Thus, this segment is expected to be the fastest-growing during the forecast period.
The treatment and disposal of waste segment accounted for the largest revenue share in 2015. However, the recycling segment is expected to be the fastest-growing segment during the forecast period due to the development of innovative and ecofriendly techniques such as the “Best From the Waste”.
These materials undergo a variety of treatments such as incineration, autoclaving, and thermal & chemical processing for disposal. The incineration segment holds the largest share since it is an easy and old method of disposal. On the other hand, incineration leads to the emission of harmful gases and compounds that result in air, water, and land pollution, which cause infectious diseases such as asthma. Hence, treatments involving chemical-processing and other non-incineration methods are expected to replace incineration in the near future.
North America dominated the market by capturing the largest revenue share of over 32.0% in 2020. A highly developed healthcare sector and rising prevalence of infectious & chronic diseases that require advanced medical & surgical aids, which generate a large number of by-products and residues is driving the market growth.
The Asia Pacific is expected to exhibit the highest growth in the near future due to rising social awareness and the establishment of stringent regulations for the proper disposal of residues and byproducts. The adoption of eco-friendly disposal and recycling processes is anticipated to trigger growth.
Key Players
REMONDIS SE & Co. KG; Republic Services, Inc.; Sharp Compliance, Inc.; Stericycle, Inc.; Suez Environnement; Veolia; and Waste Management, Inc.
Report Coverage | Details |
Market Size | US$ 43.4 Billion by 2030 |
Growth Rate | CAGR of 15.4 % From 2021 to 2030 |
Base Year | 2020 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Services, Treatment, Waste |
Regional Scope | North America, Europe, APAC, Latin America, MEA |
Companies Mentioned | REMONDIS SE & Co. KG; Republic Services, Inc.; Sharp Compliance, Inc.; Stericycle, Inc.; Suez Environnement; Veolia; and Waste Management, Inc. |
Market Segmentation
By Services Type
Onsite
Collection
Treatment
Recycling
Others
Offsite
Collecting, transportation, storage
Treatment
Recycling
Others
By Treatment Type
Incineration
Autoclaving
Chemical treatment
Others
By Waste Type
Regional Type
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
China
Japan
Latin America
Mexico
Brazil
MEA
South Africa
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Medical Waste Management Market, By Services
7.1. Medical Waste Management Market, by Services Type, 2021-2030
7.1.1. Onsite (Collection, Treatment, Recycling, Others)
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Offsite (Collecting, transportation, storage, Treatment, Recycling, Others)
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Medical Waste Management Market, By Treatment
8.1. Medical Waste Management Market, by Treatment, 2021-2030
8.1.1. Incineration
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Autoclaving
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Chemical treatment
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Medical Waste Management Market, By Waste
9.1. Medical Waste Management Market, by Waste, 2021-2030
9.1.1. Non-hazardous Waste
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Hazardous Waste
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Medical Waste Management Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Services (2017-2030)
10.1.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.1.3. Market Revenue and Forecast, by Waste (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Services (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Waste (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Services (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Waste (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Services (2017-2030)
10.2.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.2.3. Market Revenue and Forecast, by Waste (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Services (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Waste (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Services (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Waste (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Services (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Waste (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Services (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Waste (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Services (2017-2030)
10.3.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.3.3. Market Revenue and Forecast, by Waste (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Services (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Waste (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Services (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Waste (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Services (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Waste (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Services (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Waste (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Services (2017-2030)
10.4.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.4.3. Market Revenue and Forecast, by Waste (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Services (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Waste (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Services (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Waste (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Services (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Waste (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Services (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Waste (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Services (2017-2030)
10.5.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.5.3. Market Revenue and Forecast, by Waste (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Services (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Waste (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Services (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Treatment (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Waste (2017-2030)
Chapter 11. Company Profiles
11.1. REMONDIS SE & Co. KG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Republic Services, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Sharp Compliance, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Stericycle, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Suez Environnement
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Veolia
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Waste Management, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms