USD 6 billion
Medical Waste Management Market Size, Share, Growth Analysis, By Type (Non-Hazardous Waste & Hazardous Waste, Infectious & Pathological Waste, Pharmaceutical Waste), By Service (Collection, Transportation, & Storage Services, Treatment & Disposal Services (Incineration)), By Treatment Site (Onsite, and Offsite), By Application (Hospitals, Retail Pharmacy, Blood Banks, and Laboratories), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35G2135 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
126
|Figures:
79
Medical Waste Management Market Insights
Medical Waste Management Market size was valued at USD 9.2 Billion in 2023 and is poised to grow from USD 9.77 Billion in 2024 to USD 15.81 Billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).
The waste generated during the diagnosis, testing, treatment, or immunization of people or animals is called medical waste. Tissue, swabs, glassware, gloves, bandages, and discarded sharps such as needles or scalpels are a few examples of this waste. More stringent regulations for handling healthcare waste and technological advancements by the leading service providers in the medical waste management market are anticipated to drive revenue growth during the projected period.
Moreover, it is projected that the market will grow rapidly over the next several years due to an increase in trash production levels globally and a growing public awareness of effective and environmentally friendly waste management. The need for innovative waste management solutions is being driven by the rise in trash output, stricter environmental regulations, and a heightened emphasis on sustainability. Added to that, the application of circular economy concepts, which reduce, reuse, and recycle the trash materials, is another area for growth in waste management. Moreover, medical labs, hospitals, biomedical research places, small or scattered sources, and from healthcare facilities will cover any garbage produced under healthcare waste. Studies on waste production reveal that hospitals around the globe produce about 0.5 kg of waste per bed per day. Depending on the local context, higher-income countries do produce a lot more waste than other countries.
US Medical Waste Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Collection, Transportation, & Storage Services
Fastest Growth
Collection, Transportation, & Storage Services
Growth Rate
5.1% CAGR
Global Medical Waste Management Market ($ Bn)
Country Share for North America (%)
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Medical Waste Management Market Segmental Analysis
The Medical Waste Management Market is segmented into Type, Service, Treatment Site, Application, and Region. Based on Type, the medical waste management market is classified into Non-hazardous Waste, Hazardous Waste, and Infectious & Pathological Waste (Pharmaceutical Waste, Sharp Waste). Based on Service, the market is categorized into Collection, Transportation & Storage Services, and Treatment & Disposal Services (Incineration). Based on Treatment Site, the market is segmented into Onsite and Offsite. Based on Application, the medical waste management market is segmented into Hospitals, Retail Pharmacy, Blood Banks, and Laboratories. Region wise, the market is analysed across North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Medical Waste Management Market Analysis By Site
As increasingly advanced, single-use surgical devices were being employed, the offsite segment led the market in 2023 with the highest revenue share of 58.86%. These products generate a lot of medical waste, which needs to be properly managed. Due to the offshore treatment process, these facilities can manage medical waste in one location, reducing the impact on the environment and ensuring regulatory compliance. It is practical for hospitals, diagnostic labs, and other trash generators as they don't have to deal with the waste on-site.
The on-site segment is expected to develop profitably during the projection period, with the adoption of more advanced on-site equipment. This adoption of such technologies enables the interchange and handling of garbage by health institutions with increased efficiency and helps reduce transportation and storage needs. There is another distinct benefit on account of on-site treatment: it collects on-the-spot data about the waste generated, thus satisfying the need for resource planning. Stronger laws and greater realization to check environmental damage are the contributory factors for changing over to on-site treatment.
Medical Waste Management Market Analysis By Type
The medical waste management market is dominated by the non-hazardous segment globally. This is mostly because healthcare institutions produce a lot of non-hazardous or non-infectious trash, such as paper and plastic packaging materials, among other typical wastes. Controlling non-hazardous medical waste is one of the most crucial tasks in healthcare services since it accounts for a sizable amount of all medical waste. Moreover, managing non-hazardous garbage is generally less expensive than handling hazardous waste, which helps explain why non-hazardous waste dominates the market.
Hazardous medical waste, however, is the segment that is expanding the fastest. The expansion of this market is a result of tight laws and guidelines governing the appropriate disposal of hazardous waste, including chemical, radioactive, and infectious waste. Its spread is accelerated by the increased incidence of illnesses and the increased use of contemporary medical procedures and technologies, both of which produce more hazardous waste. The development of better technologies for hazardous waste treatment and disposal-varying from better waste collection and sorting to more efficient incineration techniques-makes handling such wastes less inconvenient for healthcare facilities, thus helping drive growth in this market segment.
Global Medical Waste Management Market By Site
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Medical Waste Management Market Regional Insights
North America accounted for the largest revenue share of 30.36% in the market in 2023. With an advanced healthcare system, North America is considered a leading region in medical waste management among all parts of the world. This region has an enormous number of clinics, hospitals, research centers, and pharmaceutical companies in the US and Canada, generating huge amounts of medical wastes. The quantum and diversity of medical waste being generated in the region has thus set off an active demand for specialized services of waste management. Specialized waste management companies offering full-service solutions of proper medical waste treatment and disposal are in great demand in the US. The advanced technology is engaged by these companies to properly take care of biohazardous materials and follow environmental regulations.
Asia Pacific is expected to develop at the fastest CAGR during the projection period. More advanced and environmentally friendly waste management systems are becoming more popular in the Asia-Pacific region due to growing emphasis on environmental sustainability and public health. Besides, the technologies of non-incineration, autoclaving, and incineration, among others, which are modern, are being implemented to treat and dispose of medical waste in countries such as China and Japan. This transition offers a devastating environmental impact from medical waste as a significant economic opportunity for companies offering sustainable, long-term medical waste management solutions.
Global Medical Waste Management Market Size By Geography
- Largest
- Fastest
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Medical Waste Management Market Dynamics
Medical Waste Management Market Drivers
Growing Amount of Waste Medical
- All waste generated by medical laboratories, biomedical research centers, healthcare facilities, and small or dispersed sources is included in the category of healthcare waste. Research on waste production indicates that hospitals worldwide produce approximately 0.5 kg of waste per bed every day. However, compared to other countries, higher-income countries produce significantly more garbage, depending on the local climate.
Enhanced Public Awareness of Sustainability
- As the world's output of waste continues to grow with time, on which grows the awareness of needing to manage it rapidly and in an effective manner, the industry could experience fast growth in the immediate future. The need for novel waste management systems further moves upwards with an increase in generated volume of solid waste that is inspired by high emphasis on sustainability and particularly very strict environmental legislations.
Medical Waste Management Market Restraints
Absence of Knowledge About Effects of Medical Waste
- There aren't enough regulations or set standards in place yet for the many phases of waste management. Due to financial constraints, a lack of awareness regarding the consequences of medical waste, and the absence of a staff training program that is successful, health officials and hospital executives fail to assume enough responsibility for medical waste.
Infrastructure Restraints Prevent Market Expansion
- In the medical waste sector, lack of proper management infrastructure is the major concern in several developing countries. Without following proper procedures of waste disposal, there is a high risk of contamination to the environment or harm to public health due to lack of facilities for collection, storage, transportation, and treatment.
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Medical Waste Management Market Competitive Landscape
REMONDIS SE & Co. KG and Republic Services, Inc. are two of the leading businesses in the sector. The organizations have demonstrated a persistent commitment to utilizing advanced technology to enhance waste treatment, establishing strategic partnerships to expand their service offerings, and upholding stringent environmental regulations to ensure the safe and secure disposal and handling of medical waste.
Medical Waste Management Market Top Player’s Company Profiles
- Waste Management, Inc.
- Hazardous Waste Experts
- EcoMed Services
- GRP & Associates, Inc.
- GIC Medical Disposal
- EPCO
- Safeguard Waste Solutions
- DULSCO
- Gamma Waste Services
- BWS Incorporated
- Veolia Environnement S.A.
- Clean Harbors, Inc.
- REMONDIS SE & Co. KG
- Medwaste Industries, Inc.
- SSO MEDICAL WASTE MANAGEMENT
Medical Waste Management Market Recent Developments
- In June 2024, Waste Management, Inc. and Stericycle announced that they entered into a definitive agreement under which WM will acquire all outstanding shares of Stericycle. Stericycle is a premier provider of regulated medical waste and compliance services and secure information destruction services.
- In June 2024, the Council of Scientific and Industrial Research (CSIR) and AIIMS, New Delhi facilitated an MoU to pilot technology for Biomedical Waste Management. They came together to install a pilot project and study ‘Conversion of Pathogenic Biomedical Waste to Value Added Soil Additives'.
- In January 2024, MedPro Waste Disposal acquired a medical waste transporting unit in early 2024, further consolidating its service offerings in the medical waste sector. These moves indicate ongoing strategic expansions and consolidations in the industry.
Medical Waste Management Key Market Trends
- More and more advanced waste treatment methods are being used, including microwave treatment, autoclaving, and plasma arc technology. These offer safer, more effective, and environmentally more friendly options compared to traditional incineration techniques.
- Recycling and reuse of materials are applying very much in this healthcare sector. Many programs have been initiated targeting products for recycling metals, polymers, and other products from the medical waste generations through improved procedures and technology.
Medical Waste Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the number of medical wastes produced globally is rising, management requirements are getting stricter, and the government is implementing more programs to support effective medical waste disposal, all of which are fueling market expansion, according to the global medical waste management market study. In addition, it is projected that the market will expand significantly in tandem with the rise in medical waste management awareness campaigns.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 8.7 Billion |
| Market size value in 2031 | USD 14.89 Billion |
| Growth Rate | 6.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Waste Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Waste Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Waste Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Waste Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Waste Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Waste Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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