Global Medical Waste Management Market Trend & Segmentation By Facility Type (Hospital Waste Management and Pharmaceutical Waste Management, by Type of Waste (Hazardous, Non-Hazardous), By Treatment Type (Chemical, Incineration, Autoclaving), By Services (Collection, Transportation & Storage, Recycling, and Treatment & Disposal), By Treatment Site (Onsite, Offsite), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2015-2025

2019-09-10
Report Code: BWC19274
Available Format: PDF PDF Icon
Pages: 120

Global Medical Waste Management Market: Overview

Medical waste is a waste that contains infectious material. Medical waste generally generated by healthcare organizations like hospitals, laboratories, research institutes, and others. Medical waste is typically infectious, contain toxic chemicals, and pose contamination risks to both people and the environment. Medical waste management refers to the particular processing of waste materials generated by the healthcare industry. The growing population across the globe is expanding the number of patients, resulting in the rising volume of medicinal waste. Besides, the increasing prevalence of diseases such as cancer & other chronic disorders and increasing geriatric population result in higher demand for these propelled medical solutions. 

In India, the Ministry of Environment and Forests (MoEF), Government of India, declare the Medical Waste Management and Bio-Medical Waste (Amendment) Rules, 2003, to give legal and mandatory guidelines for the healthcare and medical waste management industry. 

Global Medical Waste Management Market forecast and Trends

The global medical waste management market is anticipated to grow at a CAGR of 5.3% to reach US$ XXX Million by 2025. The hazardous waste segment is expected to grow at the highest CAGR from 2015-2025 owing to increasing investments trend by public and private organizations. The prominent trends, such as rising technological innovations and awareness among people regarding the disposal of medical waste and safety from harmful medical trash, are the major trend driving the market growth. The expanding number of initiatives by the government authorities is driving the medical waste management market. Commercial accessibility of advanced medical solutions integration with expanding patient pool is producing a large amount of waste and byproducts. Growth of the overall medical and healthcare industry is triggering the demand for medical waste management systems in the coming years.

Growth drivers 

Development in Technological Research Acts as a boon for the market

The developing trend of government R&D in technological research are the prime aspects that are responsible for driving the global medical waste management market. Asia Pacific is anticipated to open growth prospects for the medical waste management market in the forecast duration via, in-progress R&D in the healthcare sector. 

Incineration segment is estimated to dominate the medical waste management market.

Incineration is the most widely and highly preferred method used for medical waste management. Incineration converts the waste material into the flue gas, heat and ash. The ash contains inorganic waste component can be in the shape of solid lumps, and the heat produced is used for electricity production, which is one of the lucrative advantages of incineration method. Additionally, the expansion in technological advancements and the rising generation of excess medical waste over the globe are anticipated to propel the growth of the medical waste management market in the forecast period of 2019-25.

Restraints

High Capital Investments Involved for the Equipment to Deter Growth of the Market

The global medical waste management market is growing at a remarkable rate from the past late years. High investment in the initial setup coupled with lack of industrial recycling facilities, especially in developing countries are some of the underlying factors restraining the growth of the medical waste treatment industry. 

Global Medical Waste Management Market: Treatment Type

Based on treatment type, the medical waste management market is segmented into non-incineration (hearth type and controlled air), incineration, autoclaving, chemical treatment, and others. Growth in this segment can be associated with technological advancements, increasing government initiatives for medical waste management and the generation of huge medical waste amount across the globe by medical & healthcare industry.

Global Medical Waste Management Market: Type of Facility

Based on facility type, the medical waste management market segmented into hospital waste management (anatomical and regular) and pharmaceutical waste management (clinical trial and manufacturing). The hospital waste management category witness to dominates the global medical waste management market; the demand for both pharmaceutical waste management is also anticipated to grow with a steady rate.

Global Medical Waste Management Market: Type of Waste

Based on the type of waste, the medical waste management market segmented into nonhazardous and hazardous waste. The hazardous waste segment includes sharps, chemical waste, pharmaceutical waste, pathological waste, and others. The nonhazardous waste segment is anticipated to cover the significant share of medical waste management market.

Global Medical Waste Management Market: Regional insights

Geographically, the medical waste management market is dominated by North America driven by its policy & reforms for medical waste management, rising prevalence of infectious and chronic diseases, that require advanced medical & surgical aids, which generate a vast number of by-products and residues to drive the medical waste management market globally in the coming years. 

Europe is holding the second-largest position, and Asia-Pacific is anticipated to witness the highest growth rate, with growth focused on China, India, and Japan. Rising social awareness and acceptance of ecofriendly disposal and recycling processes is anticipated to trigger the uprise of the medical waste management market in the forecast period of 2019-25.


The objective of the Study:

·         To analyze and forecast the global Medical Waste Management market size of the market, in terms of value.

·         To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Medical Waste Management market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.

·         To outline, categorized and forecast the global Medical Waste Management market based on the product type, application and end user.

·         To examine competitive developments like technological advancement, services, and regulative framework within the global Medical Waste Management Market.

·         To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report

By Type of Waste

·         Hazardous Waste

·         Nonhazardous Waste

·         Infectious and Pathological Waste

·         Pharmaceutical Waste

·         Other Medical Waste

By Type of Treatment

·         Incineration

·         Autoclaving

·         Chemical Treatment

·         Other Treatments

By Treatment Site

·         Offsite Treatment

·         Onsite Treatment

By Service

·         Collection, Transportation, and Storage

·         Treatment and Disposal

·         Recycling

·         Other Services

By Region:

·         North America

·         Europe

·         Asia Pacific (APAC)

·         Latin America

·         Middle East & Africa

Competitive Landscape

·         BioMedical Waste Solutions, LLC

·         Suez Environment

·         Stericycle

·         Republic Services

·         Daniels Sharpsmart Inc.

·         Remondis Ag & Co.Kg

·         Veolia Environnement S.A.

·         XMED Disposal, Inc.

·         American Ecology Corporation

·         Suez Environnement S.A

·         Other Prominent Players

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with a detailed classification?

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority and that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis

·         Additional country analysis

·         Detailed segment analysis


1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary & Secondary Sources

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents

2.5. Market Size Estimation

2.6. Assumption for the Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Medical Waste Management Industry Insights

4.1. Industry Value Chain Analysis

4.1.1.   Vendor Matrix

4.2. DROC Analysis

4.2.1.   Growth Drivers

4.2.2.   Restraints

4.2.3.   Opportunities

4.2.4.   Challenges

4.3. Technological Landscape

4.4. Regulatory Framework

4.5. Company market share analysis,2018

4.6. Porter’s Five forces analysis

4.6.1.   Bargaining Power of Suppliers

4.6.2.   Bargaining Power of Buyers

4.6.3.   Threat of New Entrants

4.6.4.   Threat of Substitutes

4.6.5.   Intensity of Rivalry

4.7. PESTEL Analysis

4.8. Strategic Outlook

5.    Global Medical Waste Management Market Overview

5.1. Market Size & Forecast 2015-2025

5.1.1.   By Value (USD)

5.2. Market Share & Forecast

5.2.1.   By Waste Type

5.2.1.1.       Hazardous Waste

5.2.1.2.       Nonhazardous Waste

5.2.1.3.       Infectious and Pathological Waste

5.2.1.4.       Pharmaceutical Waste

5.2.1.5.       Other Waste

5.2.2.   By Treatment Type

5.2.2.1.       Incineration

5.2.2.2.       Autoclaving

5.2.2.3.       Chemical Treatment

5.2.2.4.       Other Treatments

5.2.3.   By Treatment Site

5.2.3.1.       Offsite Treatment

5.2.3.2.       Onsite Treatment

5.2.4.   By Services

5.2.4.1.       Collection & Transportation

5.2.4.2.       Treatment & Disposal

5.2.4.3.       Recycling

5.2.4.4.       Other Services

5.2.5.   By Region

5.2.5.1.       North America

5.2.5.2.       Europe

5.2.5.3.       Asia Pacific

5.2.5.4.       Latin America

5.2.5.5.       Middle East & Africa

6.    North America Medical Waste Management Market

6.1. Key Regional Trends

6.2. Market estimates & forecast

6.2.1.   By Waste Type

6.2.2.   By Treatment Type

6.2.3.   By Treatment Site

6.2.4.   By Services

6.2.5.   By Country

6.2.5.1.       U.S

6.2.5.2.       Canada

7.    Europe Medical Waste Management Market

7.1. Key Regional Trends

7.2. Market estimates & forecast

7.2.1.   By Waste Type

7.2.2.   By Treatment Type

7.2.3.   By Treatment Site

7.2.4.   By Services

7.2.5.   By Country

7.2.5.1.       Germany

7.2.5.2.       U.K

7.2.5.3.       France

7.2.5.4.       Italy

7.2.5.5.       Rest of Europe

8.    Asia Pacific Medical Waste Management Market

8.1. Key Regional Trends

8.2. Market estimates & forecast

8.2.1.   By Waste Type

8.2.2.   By Treatment Type

8.2.3.   By Treatment Site

8.2.4.   By Services

8.2.5.   By Country

8.2.5.1.       China

8.2.5.2.       India

8.2.5.3.       Japan

8.2.5.4.       Rest of APAC

9.    Latin America Medical Waste Management Market

9.1. Key Regional Trends

9.2. Market estimates & forecast

9.2.1.   By Waste Type

9.2.2.   By Treatment Type

9.2.3.   By Treatment Site

9.2.4.   By Services

9.2.5.   By Country

9.2.5.1.       Brazil

9.2.5.2.       Argentina

9.2.5.3.       Rest of Latin America

10. Middle East & Africa Medical Waste Management Market

10.1.             Key Regional Trends

10.2.             Market estimates & forecast

10.2.1. By Waste Type

10.2.2. By Treatment Type

10.2.3. By Treatment Site

10.2.4. By Services

10.2.5. By Country

10.2.5.1.    Saudi Arabia

10.2.5.2.    UAE

10.2.5.3.    South Africa

10.2.5.4.    Rest of MEA

11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)*

11.1.             BioMedical Waste Solutions, LLC

11.2.             Suez Environment

11.3.             Stericycle

11.4.             Republic Services

11.5.             Daniels Sharpsmart Inc.

11.6.             Remondis Ag & Co. Kg

11.7.             Veolia Environnement S.A.

11.8.             XMED Disposal, Inc.

11.9.             American Ecology Corporation

11.10.          Suez Environnement S.A

11.11.          Other Prominent Players

*Financial Details Not Be Captured in Case of Unlisted Companies

**The segmentation and the companies are subjected to modifications based on in- depth secondary for the final deliverable