Medical Waste Management Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21517

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Published on

November 2021

Total pages

312

Table of Content

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About the Report

About the Report

Medical waste is the waste produced by healthcare facilities like physician's offices, hospitals, dental practices, laboratories, medical research facilities, and veterinary clinics that contain infectious material. Medical waste can include bodily fluids like a serum, blood, or other contaminants. According to the Medical Waste Tracking Act (1988), Medical Waste is a waste generated during medical research, testing, diagnosis, immunization, or treatment of either human beings or animals. Few examples are glassware, culture dishes, bandages, gloves, discarded sharps like needles or scalpels, swabs, and tissue.

The demand for Medical Waste Management is increasing on account of the rising aging population, which in turn is increasing the number of patients suffering from chronic or infectious diseases leading to a rising volume of medical waste. Consequently, with the increasing volume of medical waste, government organizations, all over the world, are taking various initiatives for the management of medical waste. For example, in India, the Ministry of Environment and Forests (MoEF), Government of India, notified the Bio-Medical Waste (Management and Handling) (Amendment) Rules, 2003, and Medical Waste Management and Handling Rules, 1998 to provide obligatory and statutory guidelines for medical waste management. In addition, the rising awareness regarding medical waste management is also driving market growth.

However, some of the restraints in the market are the requirement for huge capital investments, because of the need for high-value machinery and new technology equipment.

Based on Service, the market is fragmented into Collection, Transportation, & Storage Services, Treatment & Disposal Services, and Recycling Services. The collection, transportation, and storage services segment is expected to grow at lucrative during the forecasted period owing to the presence of stringent regulations for the collection, transportation, and storage of medical waste. Moreover, the factors such as an increase in medical waste volume, and the development of research laboratories or hospitals also propel the segment growth. As per Biotic Waste Management, one of the leading common biomedical waste treatment facilities in Delhi, Covid-19 waste generated last July was around 7.2 tonnes per day, which increased to 12.5-13 tonnes per day by the end of April 2021.

Based on the Type of Waste, the market is bifurcated into Non-hazardous Waste and Hazardous Waste. The Non-hazardous Waste segment dominated the market in 2020 and is expected to grow at lucrative during the forecasted period owing to the rise in the number of clinics & hospitals, and surge in demand for healthcare products for the treatment of diseases. According to WHO, of the total amount of waste generated by healthcare activities, about 85% is general, non-hazardous waste.

Based on the Treatment Site, the market is bifurcated into Offsite Treatment and Onsite Treatment. The Offsite segment dominated the market in 2020 and is expected to grow at lucrative during the forecasted period owing to the rising prevalence of chronic diseases, high advancements in the R&D sector in healthcare, and the use of innovative technology in waste management.

Based on Waste Generator, the market is fragmented into Hospitals & Diagnostic Laboratories, and Other Waste Generators. The Hospitals & Diagnostic Laboratories segment dominated the market in 2020 and is expected to grow at a lucrative growth during the forecast period owing to the rising number of Hospital and Diagnostic Laboratories all over the world, and the increase in medical waste generation.

For a better understanding of the market adoption of Medical Waste Management, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America will dominate the Medical Waste Management market on account of the growing aging population and stringent regulations in this region.

Some of the major players operating in the market include Stericycle, Veolia Environnement S.A., Suez Environnement, Clean Harbors, REMONDIS AG & Co. KG, Sharps Compliance, Inc., Waste Management, Inc., BioMedical Waste Solutions, LLC, Daniels Sharpsmart Inc., Republic Services, Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

Stericycle, Veolia Environnement S.A., Suez Environnement, Clean Harbors, REMONDIS AG & Co. KG, Sharps Compliance, Inc., Waste Management, Inc., BioMedical Waste Solutions, LLC, Daniels Sharpsmart Inc., Republic Services, Inc.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Medical Waste Management Market

2.2. Research Methodology of the Medical Waste Management Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Medical Waste Management Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL MEDICAL WASTE MANAGEMENT MARKET COVID-19 IMPACT

6 GLOBAL MEDICAL WASTE MANAGEMENT MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY SERVICE

7.1. Collection, Transportation, & Storage Services

7.2. Treatment & Disposal Services

7.2.1. Incineration

7.2.2. Autoclaving

7.2.3. Chemical Treatment

7.2.4. Other Treatments

7.3. Recycling Services

8 MARKET INSIGHTS BY TYPE OF WASTE

8.1. Non-hazardous Waste

8.2. Hazardous Waste

8.2.1. Infectious & Pathological Waste

8.2.2. Pharmaceutical Waste

8.2.3. Sharp Waste

8.2.4. Other Medical Waste

9 MARKET INSIGHTS BY TREATMENT SITE

9.1. Offsite Treatment

9.2. Onsite Treatment

10 MARKET INSIGHTS BY WASTE GENERATOR

10.1. Hospitals & Diagnostic Laboratories

10.2. Other Waste Generators

11 MARKET INSIGHTS BY REGION

11.1. North America Medical Waste Management Market

11.1.1. United States

11.1.2. Canada

11.1.3. Rest of North America

11.2. Europe Medical Waste Management Market

11.2.1. Germany

11.2.2. U.K.

11.2.3. France

11.2.4. Spain

11.2.5. Rest of Europe

11.3. Asia Pacific Medical Waste Management Market

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. Rest of Asia Pacific

11.4. Rest of World Medical Waste Management Market

12 MEDICAL WASTE MANAGEMENT MARKET DYNAMICS

12.1. Market Drivers

12.2. Market Challenges

12.3. Impact Analysis

13 MEDICAL WASTE MANAGEMENT MARKET OPPORTUNITIES

14 MEDICAL WASTE MANAGEMENT MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1. Demand Side Analysis

16.2. Supply Side Analysis

16.2.1. Top Product Launches

16.2.2. Top Business Partnerships

16.2.3. Top Business Expansions, Investments and Divestitures

16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1. Competitive Landscape

18.1.1. Company Shares, By Revenue

19 COMPANY PROFILED

19.1. Stericycle

19.2. Veolia Environnement S.A.

19.3. Suez Environnement

19.4. Clean Harbors

19.5. REMONDIS AG & Co. KG

19.6. Sharps Compliance, Inc.

19.7. Waste Management, Inc.,

19.8. BioMedical Waste Solutions, LLC

19.9. Daniels Sharpsmart Inc.

19.10. Republic Services, Inc.

20 DISCLAIMER

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