PUBLISHER: Roots Analysis | PRODUCT CODE: 1479825
PUBLISHER: Roots Analysis | PRODUCT CODE: 1479825
Medical Waste Management Market: Industry Trends and Global Forecasts, till 2035- Distribution by Type of Service Offered (Collection, Treatment, Recycling and Disposal), Type of Waste (Hazardous Waste and Non-hazardous Waste), Treatment Site (On-site, Off-site), Treatment Method (Incineration, Autoclave / Steam, Chemical / Mechanical, Microwave and Irradiation), Category of Waste (General, Infectious, Pathological, Sharp and Pharmaceutical) and Key Geographical Regions (North America, Europe, Asia-Pacific, Latin America, Middle East and North Africa, and Rest of the World)
The Medical Waste Management Market is valued at USD 5 billion in 2024 growing at a CAGR of 13% during the forecast period 2024-2035.
Medical waste encompasses waste generated through healthcare activities such as clinical research, diagnosis, and drug development. This includes items like used or unused syringes, expired medicines, diagnostic samples, blood, cottons, bandages, medical devices, and even traces of chemotherapy waste. It is broadly classified as infectious, hazardous, radioactive, and non-hazardous waste. According to WHO, nearly 15-20% of the medical waste generated globally is considered hazardous, infectious, or radioactive. With the global population surge, advancements in medical science and technology, emergence of new infectious diseases, and an increase in hospitals and healthcare facilities, the US alone generates over 6 million tonnes of healthcare waste annually. It's projected that the total amount of medical waste generated worldwide will grow by 2-3% each year.
Healthcare waste contains harmful microorganisms that can infect patients, healthcare workers, and the general public, as well as pollute the environment. Consequently, an increasing number of medical waste generators such as hospitals, clinics/labs, and pharmaceutical companies are turning to medical waste management service providers equipped with advanced technologies and expertise for waste disposal. These providers offer comprehensive solutions from waste pick-up to final disposal of hazardous and bio-hazardous materials, adhering to safety standards set by government regulatory bodies such as the US Environmental Protection Agency (EPA), Occupational Safety and Health Administration (OSHA), and European Environment Agency (EEA). Medical waste management companies offer several benefits, including enhancing human safety (for waste handlers, scavengers, and individuals near hospitals), streamlining waste management processes, and reducing the substantial costs associated with waste treatment and disposal. By adopting sustainable practices for medical waste segregation, collection, safe storage, transportation, and disposal provided by these firms, the prevalence rates of diseases like HIV/AIDS, sepsis, hepatitis, and others are expected to significantly decrease. Moreover, effective medical waste management can help mitigate environmental risks. With outsourcing gaining acceptance as a viable and advantageous business model in this sector, the global medical waste management market is poised for remarkable growth during the forecast period from 2024 to 2035.
Key Market Segments
Type of Service Offered
Collection
Treatment
Recycling
Disposal
Type of Waste
Hazardous Waste
Non-hazardous Waste
Treatment Site
On-site
Off-site
Treatment Method
Incineration
Autoclave / Steam
Chemical / Mechanical
Microwave
Irradiation
Category of Waste
Incineration
Autoclave / Steam
Chemical / Mechanical
Microwave
Irradiation
Key Geographical Regions
North America
Europe
Asia-Pacific
Latin America
Middle East and North America
Rest of the World
Research Coverage:
An extensive evaluation of the overall market landscape of medical waste management service providers is conducted, considering various pertinent parameters. These parameters include the year of establishment, company size measured by employee count, headquarters location, types of waste managed (such as infectious, hazardous, radioactive, and non-hazardous waste), types of services offered (including collection, segregation, storage, transportation, treatment, recycling, and disposal), treatment methods employed (such as incineration, autoclave/steam, chemical/mechanical, microwave, and irradiation), treatment site (on-site or off-site), and waste generators (such as pharmaceutical companies, clinics/labs, hospitals, and others).
A thorough analysis of the competitiveness of medical waste management service providers is conducted, focusing on supplier experience, portfolio diversity (including types of waste managed, treatment site, treatment methods, and waste generators), and the range of services provided.
Detailed profiles of leading companies (selected based on our proprietary criteria) providing medical waste management services. Each profile includes a concise company overview, financial details, service offerings, recent advancements, and an expert outlook on future prospects.
An examination of recent advancements in the medical waste management sector, including details on various partnerships, collaborations, and expansion endeavors occurring within this field from 2018 to 2023.
A comprehensive examination of the factors influencing the expansion of the medical waste management market. This analysis entails identifying and evaluating key drivers, potential limitations, emerging prospects, and current challenges.
An extensive market forecast analysis is conducted to estimate the current market size and future potential for medical waste management over the next 11 years. Drawing from various parameters, anticipated adoption trends, and validated through primary research, we have developed an informed projection of market size during the forecast period from 2024 to 2035.
Comprehensive projections are provided for the current and future opportunities within the medical waste management market across various types of services offered, including collection, treatment, recycling, and disposal.
Detailed projections are presented for the current and future opportunities within the medical waste management industry across different types of waste, including hazardous and non-hazardous categories.
Elaborate projections are provided for the current and future opportunities within the medical waste management market across various treatment sites, encompassing both on-site and off-site facilities.
Comprehensive projections are outlined for the current and future opportunities within the medical waste management market across different treatment methods, including incineration, autoclave/steam, chemical/mechanical, microwave, and irradiation.
Detailed projections are provided for the current and future opportunities within the medical waste management industry across different categories of waste, including general, infectious, pathological, sharp, and pharmaceutical waste.
Elaborate projections are presented for the current and future opportunities within the medical waste management market across key geographical regions, including North America, Europe, Asia-Pacific, Latin America, the Middle East and North Africa, and the Rest of the World.
Key Benefits of Buying this Report
The report offers market leaders and newcomers valuable insights into revenue estimations for both the overall market and its sub-segments.
Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.
The report provides stakeholders with a pulse on the Medical Waste Management Market, furnishing them with essential information on significant market drivers, barriers, opportunities, and challenges.
Leading Market Companies
Averda
Axil Integrated Service
Clean Harbors
Cleanaway Waste Management
Curtis Bay Medical Waste Services
E-Coli Waste Management
GreenTech Environ Management
Heritage Environmental Services
Initial Medical
Medicare
MedPro Disposal
REMONDIS Mendison
Stericycle
Trilogy MedWaste
Triumvirate Environmental
Veolia
8.5.. Short Profiles of Other Prominent Players based in Europe