Global Medical Waste Management Market
Forecast and Trends
The global Medical Waste Management Market anticipated to
reach USD 8,681 Million by 2025 with a significant CAGR of 5.3% in the forecast
period of 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.
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.
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.
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.
High Capital Investments Involved for
the Equipment to Deter Growth of the Market
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
Global Medical Waste Management
Market: Waste Type
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
Global Medical Waste Management Market:
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: Facility
Based on facility, 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: Regional
Based on region, the market is segmented into North America,
Europe, Asia-Pacific, Latin America, and Middle East & Africa. 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 and
upraise the medical waste management market in the forecast period of 2019-2025.
The major industry players in
the global Medical Waste Management market include prominent names like 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, GRP & Associates, Inc., BWS
Incorporated, Medpro Disposal, GIC Medical Disposal, Gamma Waste Services, Triumvirate
Environmental Inc. and other prominent players.
· September 2019 - REMONDIS Maintenance
& Services has acquired the Dutch firm, Reym B.V. A purchase agreement was
signed between the parties on 09.09.2019. The company has purchased all shares
in the business with retroactive effect from 01 April 2019. The transaction
will be subject to approval by the anti-trust authorities.
· September 2019 - US
Ecology, Inc. announced today a strategic partnership with Smarter Sorting, a
machine learning technology company based in Austin, Texas. This partnership
offers retailers across the country a more automated solution to safely and
accurately classify and segregate RCRA, hazardous and non-hazardous waste.
Scope of the Report
Historical data – 2015-2018
Base Year – 2018
2019 – 2025
Revenue in USD Million
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China,
India, UAE, South Africa, Saudi Arabia
By Waste Type, Treatment Type, Facility, Services, and Region.
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, GRP & Associates, Inc., BWS Incorporated, Medpro
Disposal, GIC Medical Disposal, Gamma Waste Services, Triumvirate
Environmental Inc. and other prominent players.
Middle East & Africa
The objective of the Study:
Ø To analyze
and forecast the global Medical Waste Management Market size of the market in
terms of value.
Ø To examine
the careful market segmentation and forecast the market size, in terms of
value, based on the region by segmenting.
Ø The Global
Medical Waste Management Market segmented into five regions, namely, North
America, Europe, Asia Pacific, Latin America, Middle East & Africa and
their leading countries.
Ø To outline,
categorized, and forecast the global Medical Waste Management Market based on
waste type, treatment type, facility, services.
Ø To examine
competitive developments like technological advancement, services, and
regulative framework within the global Medical Waste Management Market.
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.