
Medical Waste Management Market by Waste Type (Hazardous Waste, Non-Hazardous Waste), Waste Sources (Hospitals, Labs), Service, Treatment Site - Global Forecast 2024-2030
Description
Medical Waste Management Market by Waste Type (Hazardous Waste, Non-Hazardous Waste), Waste Sources (Hospitals, Labs), Service, Treatment Site - Global Forecast 2024-2030
The Medical Waste Management Market size was estimated at USD 13.77 billion in 2023 and expected to reach USD 14.63 billion in 2024, at a CAGR 6.88% to reach USD 21.94 billion by 2030.Medical waste management manages biomedical waste through various services such as incineration, chemical treatment, and autoclaving. Medical waste management ensures proper collection, storage, treatment, and disposal of biomedical waste to ensure general population, animal, and environmental health safety. According to the Central Pollution Control Board (CPCB), India generated approximately 45,308 tons of biomedical waste between June 2020 and May 2021, owing to the increased use of various diagnostic activities and treatment of COVID-19 patients, thereby increasing the need for medical waste management. The rising consumer awareness regarding health hazards associated with medical waste and the growing awareness programs significantly increase medical waste management utilization. However, huge capital investments and a lack of training for proper medical waste disposal impede the adoption of waste management solutions. In addition, technological developments and the increasing need for effective and eco-friendly medical waste management is expected to create robust opportunities for developing medical waste management solutions.
Regional Insights
The rising prevalence of chronic illnesses, the presence of key players, and increased environmental consciousness regarding waste management are fueling market growth across America, Europe, and the Asia-Pacific regions. The growing expansion of the healthcare sector leading to the production of significant medical waste, along with the rising prevalence of regulatory norms for medical waste management in countries including the U.S., Canada, Mexico, Brazil, and Argentina, are expected to provide lucrative opportunities for the growth of the medical waste management market across the America region. APAC has been observing enormous growth owing to the rising number of people needing healthcare services, increasing rate of non-communicable and infectious diseases, and increasing number of regulatory norms associated with medical waste management. In addition, the rising number of geriatric populations regularly availing medical treatments and an increasing number of hospitals in China, India, Japan, Australia, Thailand, and Singapore are contributing to rising medical waste and significantly creating the need for medical waste management due to their increasing level of healthcare services across the region. Moreover, the rising pandemics and chronic diseases are expected to significantly provide growth opportunities for the medical waste management market in Europe, the Middle East, and Africa.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Medical Waste Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Medical Waste Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Medical Waste Management Market, highlighting leading vendors and their innovative profiles. These include Advowaste Medical Services, LLC, Bio-One, Inc., Biomedical Waste Solutions, LLC, BioServ, Inc., BWS Incorporated, Clean Harbors India LLP, Clean Harbors, Inc., Daniels Sharpsmart Inc., EcoMed by STERIS Corporation, Erhan Machinery System Ltd (EMS), Gamma Waste Services, GIC Medical Disposal, GRP & Associates, Inc., Inciner8 Limited, Keter Italia S.p.A., Medivest Sdn Bhd., Medpro Disposal, MedPro Waste Disposal, RADICARE (M) SDN BHD, Relux Umwelt GmbH, Remondis Se & Co. Kg, Republic Services, Inc., Sanpro Waste Disposal, LLC, Shred-Tech Corp., Stericycle, Inc., Suez SA, Triumvirate Environmental, Veolia Environnement S.A., Veolia Group, Waste Management Holdings, Inc., and WSP Global Inc..
Market Segmentation & Coverage
This research report categorizes the Medical Waste Management Market to forecast the revenues and analyze trends in each of the following sub-markets:
Waste Type
Hazardous Waste
Infectious Waste
Pharmaceutical Waste
Sharp Waste
Non-Hazardous Waste
Waste Sources
Hospitals
Labs
Service
Collection
Recycling
Transportation & Storage
Treatment & Disposal
Autoclaving
Chemical Treatment
Incineration
Treatment Site
Offsite Treatment
Onsite Treatment
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Medical Waste Management Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Medical Waste Management Market?
3. What are the technology trends and regulatory frameworks in the Medical Waste Management Market?
4. What is the market share of the leading vendors in the Medical Waste Management Market?
5. Which modes and strategic moves are suitable for entering the Medical Waste Management Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
181 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Medical Waste Management Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising consumer awareness regarding health hazards associated with medical waste
- 5.1.1.2. Growing number of awareness programs for medical waste management in developed countries
- 5.1.1.3. Increasing initiatives by government authorities for medical waste management
- 5.1.2. Restraints
- 5.1.2.1. High-capital investments and dearth of skilled professionals
- 5.1.3. Opportunities
- 5.1.3.1. Emerging demand for effective and eco-friendly medical waste management
- 5.1.3.2. Increase in technological development for effective treatment of medical waste
- 5.1.4. Challenges
- 5.1.4.1. Lack of training for proper disposal of medical waste
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Medical Waste Management Market, by Waste Type
- 6.1. Introduction
- 6.2. Hazardous Waste
- 6.3.1. Infectious Waste
- 6.3.2. Pharmaceutical Waste
- 6.3.3. Sharp Waste
- 6.3. Non-Hazardous Waste
- 7. Medical Waste Management Market, by Waste Sources
- 7.1. Introduction
- 7.2. Hospitals
- 7.3. Labs
- 8. Medical Waste Management Market, by Service
- 8.1. Introduction
- 8.2. Collection
- 8.3. Recycling
- 8.4. Transportation & Storage
- 8.5. Treatment & Disposal
- 8.6.1. Autoclaving
- 8.6.2. Chemical Treatment
- 8.6.3. Incineration
- 9. Medical Waste Management Market, by Treatment Site
- 9.1. Introduction
- 9.2. Offsite Treatment
- 9.3. Onsite Treatment
- 10. Americas Medical Waste Management Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Medical Waste Management Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Medical Waste Management Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. Aurora Capital Partners Completes Acquisition of Sharps Compliance Corp.
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. Ministry of Health and UNDP Partner to Address Medical Waste Management Challenges under USD 25 Million Agreement
- 13.3.3. New Product Launch & Enhancement
- 13.3.3.1. Brightmark Launches Medical Waste Recycling Program with Jamar Health Products
- 13.3.3.2. Stericycle Announces New SafeShield Medical Waste Containers
- 13.3.4. Investment & Funding
- 13.3.4.1. Egypt: New Grant Seeks to Improve Management of Electronic and Healthcare Waste
- 13.3.5. Award, Recognition, & Expansion
- 13.3.5.1. Veolia Expands Clinical Waste Service
- 13.3.5.2. Stericycle Opens USD 1.6 Million Medical Waste Sterilization Facility in Romania
- 13.3.5.3. Government of Japan and UNDP Launch New Project to Address Unprecedented Rise in Health Care Waste Management in Bangladesh, Bhutan and the Maldives
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. Advowaste Medical Services, LLC
- 14.1.2. Bio-One, Inc.
- 14.1.3. Biomedical Waste Solutions, LLC
- 14.1.4. BioServ, Inc.
- 14.1.5. BWS Incorporated
- 14.1.6. Clean Harbors India LLP
- 14.1.7. Clean Harbors, Inc.
- 14.1.8. Daniels Sharpsmart Inc.
- 14.1.9. EcoMed by STERIS Corporation
- 14.1.10. Erhan Machinery System Ltd (EMS)
- 14.1.11. Gamma Waste Services
- 14.1.12. GIC Medical Disposal
- 14.1.13. GRP & Associates, Inc.
- 14.1.14. Inciner8 Limited
- 14.1.15. Keter Italia S.p.A.
- 14.1.16. Medivest Sdn Bhd.
- 14.1.17. Medpro Disposal
- 14.1.18. MedPro Waste Disposal
- 14.1.19. RADICARE (M) SDN BHD
- 14.1.20. Relux Umwelt GmbH
- 14.1.21. Remondis Se & Co. Kg
- 14.1.22. Republic Services, Inc.
- 14.1.23. Sanpro Waste Disposal, LLC
- 14.1.24. Shred-Tech Corp.
- 14.1.25. Stericycle, Inc.
- 14.1.26. Suez SA
- 14.1.27. Triumvirate Environmental
- 14.1.28. Veolia Environnement S.A.
- 14.1.29. Veolia Group
- 14.1.30. Waste Management Holdings, Inc.
- 14.1.31. WSP Global Inc.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
- FIGURE 1. MEDICAL WASTE MANAGEMENT MARKET RESEARCH PROCESS
- FIGURE 2. MEDICAL WASTE MANAGEMENT MARKET SIZE, 2023 VS 2030
- FIGURE 3. MEDICAL WASTE MANAGEMENT MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. MEDICAL WASTE MANAGEMENT MARKET DYNAMICS
- FIGURE 7. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY WASTE TYPE, 2023 VS 2030 (%)
- FIGURE 8. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY WASTE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY WASTE SOURCES, 2023 VS 2030 (%)
- FIGURE 10. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY WASTE SOURCES, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY SERVICE, 2023 VS 2030 (%)
- FIGURE 12. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY SERVICE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY TREATMENT SITE, 2023 VS 2030 (%)
- FIGURE 14. MEDICAL WASTE MANAGEMENT MARKET SIZE, BY TREATMENT SITE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. AMERICAS MEDICAL WASTE MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. AMERICAS MEDICAL WASTE MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. UNITED STATES MEDICAL WASTE MANAGEMENT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 18. UNITED STATES MEDICAL WASTE MANAGEMENT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. ASIA-PACIFIC MEDICAL WASTE MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. ASIA-PACIFIC MEDICAL WASTE MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. EUROPE, MIDDLE EAST & AFRICA MEDICAL WASTE MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. EUROPE, MIDDLE EAST & AFRICA MEDICAL WASTE MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. MEDICAL WASTE MANAGEMENT MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 24. MEDICAL WASTE MANAGEMENT MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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