Market Research Report

Global Medical Waste Management Market Research Report: Forecast (2024-2030)

Medical Waste Management Market - By Service (Collection, Transportation, and Storage Services, Treatment & Disposal Services, Recycling Services), By Type of Waste (Non Hazardous ...Waste, Hazardous Waste), By Treatment Site (Offsite Treatment, Onsite Treatment), By Waste Generator (Hospitals & Diagnostics Laboratories) and Others Read more

  • Healthcare
  • Apr 2024
  • 207
  • PDF, Excel, PPT

Market Definition

Medical waste management refers to the proper processing, handling, disposal, and recycling of waste materials generated by healthcare facilities, including hospitals, clinics, and laboratories. This includes anything from used needles and syringes to soiled dressings, diagnostic samples, blood, chemicals, pharmaceuticals, and medical devices.

Market Insights & Analysis: Global Medical Waste Management Market (2024-30):

The Global Medical Waste Management Market size is estimated to grow at a CAGR of around 5.4% during the forecast period, i.e., 2024-30. As the global population increases, so does the number of patients, leading to a surge in medical waste production. The World Health Organization (WHO) reports that approximately 15% to 20% of all medical waste is classified as hazardous, infectious, or radioactive. Notably, with the global population growing, advancements in medical science and technology, new infectious diseases, and an increase in hospitals and healthcare facilities, the US alone generates over 6 million tonnes of healthcare waste annually. Moreover, the total volume of medical waste worldwide is projected to rise by 2-3% every year. This has been generating increased demand for medical waste management services.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 5.4%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Rest of South America
Middle East & Africa: GCC, South Africa, Rest of MEA
Key Companies Profiled Clean Harbors, Inc., Veolia Environment S.A., Waste Management Holdings, Inc., Stericycle Inc., Cleanaway Waste Management Limited, TBS Energi Utama, MedPro Disposal LLC, REMONDIS SE & Co. KG, Ecomed Services, BWS Incorporated, MedWaste Industries, Inc., GIC Medical Disposal, EPCO, SSO Medical Waste Management, Triumvirate Environmental, Others
Unit Denominations USD Million/Billion

 

Additionally, the expansion of the medical waste management market is being fueled by an increasing number of government-backed programs. Various government agencies comply with regulations about medical waste, including the Occupational Safety and Health Administration (OSHA), the Centers for Disease Control (CDC), the U.S. Food and Drug Administration (FDA), the Department of Transport (DOT), and the Drug Enforcement Administration (DEA). Moreover, initiatives by governments across different nations are also contributing to market growth. Moreover, technological advancements are playing a significant role in boosting the market.

Envetec is a leader in creating eco-friendly, cleantech solutions for diagnostics, pharmaceuticals, medical device manufacturing, and the food and beverage industries. With the launch of GENERATIONS, Envetec has positioned itself as one of the first and only companies worldwide to offer a validated technology that treats biohazardous materials at their point of origin, thereby eliminating traditional, harmful waste treatment and disposal methods. Therefore, the market is anticipated to grow steadily during the forecast period. However, substantial investments required for high-value and advanced technological equipment could potentially impede the expansion of the medical waste management market.


Global Medical Waste Management Market Research Report: Forecast (2024-2030)

Global Medical Waste Management Market Driver:

Increased Healthcare Waste Volumes Fuel Market Expansion –  The Medical Waste Management Market has experienced significant growth, fueled by the rapid expansion of the healthcare sector globally. This growth is closely linked to the increasing global demand for healthcare services, which has resulted in the proliferation of hospitals, laboratories, research centers, mortuaries, autopsy centers, and blood banks, all of which generate substantial amounts of medical waste. As these healthcare facilities expand to meet the rising healthcare needs of larger populations, the volume of medical waste they produce also increases. This escalation in waste generation demands more sophisticated and robust waste management solutions capable of efficiently handling and disposing of increased quantities of medical waste.

Consequently, the expansion of the healthcare industry drives the demand for medical waste management services and also highlights the importance of advanced waste management practices that are essential for sustainable healthcare systems and environmental stewardship.

Global Medical Waste Management Market Opportunity:

Rise in Medical Waste Management Awareness Initiatives in Developed Nations – In countries such as the US and the UK, there has been a notable increase in initiatives aimed at enhancing awareness about the proper management of medical waste and preventing its mishandling. These initiatives encompass organizing targeted awareness programs and conferences designed to educate stakeholders, including healthcare providers, policymakers, and the general public, about the critical importance of effective medical waste management.

By highlighting the risks associated with improper disposal and underscoring the need to follow established protocols and guidelines, these efforts seek to foster a culture of responsible waste-handling practices, thus creating opportunities for the market.

Global Medical Waste Management Market Trend:

Advanced Technology Enhancements Boosting Efficiency in Medical Waste Management Solutions – The Medical Waste Management Market has significantly advanced with the adoption of technologies like radio-frequency identification (RFID) and barcode tracking systems, which enhance real-time monitoring and tracking of medical waste containers. This has improved the accountability and transparency of the disposal process.

Additionally, the integration of artificial intelligence (AI) and machine learning has transformed decision-making, enabling providers to use predictive analytics to accurately forecast waste generation patterns and optimize collection schedules. These advancements not only increase operational efficiency but also help in meeting stringent regulatory standards, marking a notable improvement in the effectiveness of medical waste management systems.

Global Medical Waste Management Market (2024-30): Segmentation Analysis

The Global Medical Waste Management Market study by MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the regional levels. In accordance to the analysis, the market has been further classified as:

Based on the Type of Waste:

  • Non-hazardous Waste
  • Hazardous Waste
    • Infectious & Pathological Waste
    • Sharps Waste
    • Phar maceutical Waste
  • Others

The Hazardous Waste segment within the Global Medical Waste Management Market has experienced significant growth due to the serious health and environmental risks posed by hazardous or infectious waste. Despite being a smaller fraction of overall waste volume, managing hazardous waste requires stringent protocols due to its potential dangers. These include advanced incineration and specialized chemical treatments to neutralize harmful pathogens and chemicals effectively.

Moreover, stringent regulations and the need for sophisticated management technologies drive continuous innovation and investment in this sector. As a result, this segment not only maintains but strengthens its dominance in the market, highlighting its crucial role in ensuring public safety and protecting the environment.

Based on the Treatment Site:

  • Offsite Treatment
  • Onsite Treatment

The Onsite treatment segment has become a dominant force in the Global Medical Waste Management Market, securing a substantial market share due to its numerous advantages. Managing medical waste on-site enhances safety by mitigating the risks associated with transporting hazardous materials over long distances, thus reducing potential accidents and exposure. Economically, it eliminates costs related to third-party handling and transportation, allowing healthcare facilities to allocate resources more efficiently. Environmentally, on-site processing significantly cuts down the carbon footprint linked to transporting waste to remote facilities, aligning with broader sustainability goals.

Global Medical Waste Management Market (2019-30): Regional Projection

Geographically, the Global Medical Waste Management Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia Pacific

North America is poised to lead the Global Medical Waste Management Market, largely due to its advanced healthcare sector and a rising incidence of infectious and chronic diseases that necessitate sophisticated medical treatments and surgical interventions. Additionally, an increasing number of US hospitals are implementing recycling programs for used medical equipment, which they purchase back at a fraction of the original cost. These practices significantly contribute to the growth of the market in the region. Market growth is also being propelled by strategic initiatives from industry players.

Global Medical Waste Management Industry Recent Development:

  • 2023: Waste Management Holdings, Inc. invested USD 30 million to enhance the manufacturing capacity at its Ohio-based facility in the United States.
  • 2023: TBS Energi Utama expanded its business portfolio beyond the coal mining sector by acquiring Asia Medical Enviro Services, a prominent company specializing in biohazardous and medical waste treatment.

Gain a Competitive Edge with Our Global Medical Waste Management Market Report

  • Global Medical Waste Management Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Global Medical Waste Management Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Medical Waste Management Market is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030.

   A. The increased healthcare waste volumes is expected to drive the Medical Waste Management Market during 2024-30.

   A. Clean Harbors, Inc., Veolia Environment S.A., Waste Management Holdings, Inc., Stericycle Inc., Cleanaway Waste Management Limited, TBS Energi Utama, MedPro Disposal LLC, REMONDIS SE & Co. KG, Ecomed Services, BWS Incorporated, MedWaste Industries, Inc., GIC Medical Disposal, EPCO, SSO Medical Waste Management, Triumvirate Environmental, among others are the major companies operating in the Medical Waste Management Market.

   A. The hazardous waste segment based on the type of waste held the largest share of the Medical Waste Management Market.

   A. North America is expected to dominate the Medical Waste Management Market during 2024-30.

   A. Advanced technology enhancements is the key trends shaping the growth of the Medical Waste Management Market.

   A. The rise in medical waste management awareness initiatives in developed nations is one of thegrowth opportunities driving the Medical Waste Management Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Medical Waste Management Market Patent Analysis
  5. Global Medical Waste Management Market Trends & Insights
  6. Global Medical Waste Management Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Medical Waste Management Market Hotspots & Opportunities
  8. Global Medical Waste Management Market Supply Chain Analysis
  9. Global Medical Waste Management Market Regulations & Policies
  10. Global Medical Waste Management Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service
        1. Collection, Transportation, and Storage Services- Market Size & Forecast 2019-2030F, USD Million
        2. Treatment & Disposal Services- Market Size & Forecast 2019-2030F, USD Million
          1. Incineration- Market Size & Forecast 2019-2030F, USD Million
          2. Autoclaving- Market Size & Forecast 2019-2030F, USD Million
          3. Chemical Treatment- Market Size & Forecast 2019-2030F, USD Million
          4. Others- Market Size & Forecast 2019-2030F, USD Million
        3. Recycling Services- Market Size & Forecast 2019-2030F, USD Million
      2. By Type of Waste
        1. Non Hazardous Waste- Market Size & Forecast 2019-2030F, USD Million
        2. Hazardous Waste- Market Size & Forecast 2019-2030F, USD Million
          1. Infectious & Pathological Waste- Market Size & Forecast 2019-2030F, USD Million
          2. Sharps Waste- Market Size & Forecast 2019-2030F, USD Million
          3. Pharmaceutical Waste- Market Size & Forecast 2019-2030F, USD Million
          4. Others- Market Size & Forecast 2019-2030F, USD Million
      3. By Treatment Site
        1. Offsite Treatment- Market Size & Forecast 2019-2030F, USD Million
        2. Onsite Treatment- Market Size & Forecast 2019-2030F, USD Million
      4. By Waste Generator
        1. Hospitals & Diagnostics Laboratories- Market Size & Forecast 2019-2030F, USD Million
        2. Others- Market Size & Forecast 2019-2030F, USD Million
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia Pacific
      6. By Company
        1. Market Share of Top Companies
        2. Competition Characteristics
  11. North America Medical Waste Management Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service- Market Size & Forecast 2019-2030F, USD Million
      2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
      3. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
      4. By Waste Generator- Market Size & Forecast 2019-2030F, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    4. Canada Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    5. Mexico Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
  12.  South America Medical Waste Management Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service - Market Size & Forecast 2019-2030F, USD Million
      2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
      3. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
      4. By Waste Generator- Market Size & Forecast 2019-2030F, USD Million
      5. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
  13. Europe Medical Waste Management Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service - Market Size & Forecast 2019-2030F, USD Million
      2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
      3. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
      4. By Waste Generator- Market Size & Forecast 2019-2030F, USD Million
      5. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    4. The UK Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    5. France Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    6. Italy Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    7. Spain Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
  14. The Middle East & Africa Medical Waste Management Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service - Market Size & Forecast 2019-2030F, USD Million
      2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
      3. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
      4. By Waste Generator- Market Size & Forecast 2019-2030F, USD Million
      5. By Country
        1. GCC
        2. South Africa
        3. Rest of the Middle East & Africa
    3. GCC Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    4. South Africa Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
  15. Asia Pacific Medical Waste Management Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service - Market Size & Forecast 2019-2030F, USD Million
      2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
      3. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
      4. By Waste Generator- Market Size & Forecast 2019-2030F, USD Million
      5. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    4. Japan Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    5. India Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    6. South Korea Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
    7. Australia Medical Waste Management Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Treatment Site- Market Size & Forecast 2019-2030F, USD Million
        2. By Type of Waste- Market Size & Forecast 2019-2030F, USD Million
  16. Global Medical Waste Management Market Key Strategic Imperatives for Growth & Success
  17. Competition Outlook
    1. Company Profiles
      1. Clean Harbors, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Veolia Environment S.A.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Waste Management Holdings, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Stericycle Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Cleanaway Waste Management Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. TBS Energi Utama
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. MedPro Disposal LLC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. REMONDIS SE & Co. KG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Ecomed Services
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. BWS Incorporated
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. MedWaste Industries, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. GIC Medical Disposal
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. EPCO
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. SSO Medical Waste Management
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Triumvirate Environmental
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
    2. Disclaimer


Medical Waste Management Market Segmentation