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Medical Waste Management Market Safe and Secure SSL Encrypted

 Publish on: Dec-2022 |  Total Page: 190 |  Report Code: GRH-139 |  Format: PDF |

Medical Waste Management Market Size, Share, Growth & Trends Analysis Report Choose License Type
by Type of Waste (Nonhazardous Waste, Hazardous Waste), By Treatment
(Incineration, Autoclaving, Chemical Treatment, Other Treatments), by Services Single User Price : $3200.00

(Onsite, Offsite) Regional Outlook, Growth Potential & Forecast, 2022 – 2030 Multi User Price : $4200.00

 Report Summary  Table of Content  Infographics Market Segment Request Sample Corporate User Price :
$5200.00

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Market Insight
In 2021, The Global Medical Waste Management Market Was Valued at Approximately USD 12.9 Billion, and it is
Forecast to Reach Approximately USD 20.7 Billion by 2030 at A CAGR Of About 5.9%.
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Healthcare is one of the highly important sectors for growth and development of any country. Hospitals and
clinics play a very important role in our society. But they also generate huge amount of waste, out of which
around 15 percent of which lead to risks either of infection, of trauma or of chemical or radiation exposure.
Thus, healthcare waste management is of great importance and one of the basic necessities of today’s
healthcare system. Poor healthcare waste management can badly impact employees, care staff who handle
medical waste, patients and their families, and the neighboring population. In addition, the inappropriate
treatment or disposal of that waste can lead to environmental contamination or pollution.
The term “medical waste” covers all wastes produced in health-care or diagnostic activities. Medical waste is
calculated by amount of waste generated in kg per bed per day. The amount varies significantly between
developed, developing and under development countries. The U.S. produces largest amount of medical waste
per bed. Medical waste can be broadly classified into hazardous waste and non-hazardous waste. Improving
global demand for healthcare facilities coupled with increasing aging population is expected to drive the
global healthcare waste management market. However, requirement of heavy capital investment may restrain
the growth of this market. While, upcoming technological advancements in medical waste management
market are expected to act as an opportunity for growth of this market.

Medical Waste Management Market Drivers

Growth in global population and aging demographics

Global increase in both aging demographics and overall population will continue to augment the global
demand for healthcare. This will increase demand for healthcare facilities which in turn will boost medical
waste management market. It is predicted that, world population would increase by 1 billion in the next 12
years with most of the growth will result in developing countries. As the population will increase demand on
healthcare system would also increase. It would drive the medical waste management industry in long run.
Aging demographic is one of the fastest growing demographics which include individuals over 60 years of age.
The growth rate of this older population is significantly higher than the total population and more than 90% of
them are relying on prescription medicine on a regular basis and need to be frequently hospitalized. Thus,
aging demographic is anticipated to stay long term driver for the healthcare industry and in turn to healthcare
waste management market.
Medical Waste Management Market Restraints

Release of Harmful Gases and Pollutants While Treatment of Medical Waste

Numbers of methodologies are used for treatment of medical waste. Incineration is one of the oldest
methodologies. However, during the process of incineration large number of pollutants are released into the
atmosphere. A medical waste incinerator releases into the air number of pollutants based on the composition
of the waste. These pollutants include heavy metals, acid gases, carbon monoxide; particulate matter and
organic. Pathogens can also be found in the solid residues and in the exhaust of badly operated and poorly
designed incinerators. In the study, it has been seen that the release from incinerator has had detrimental
effect on lung function in the children living in surrounding area. It has been seen that in Finland, Germany
and the U.S. the workers working at incineration site or residents living closer to incinerators show higher
levels of mercury in the hair, cadmium and lead in the blood, of arsenic in urine. Thus, the release of
hazardous gases and pollutants during medical waste treatment may restrain the growth of medical waste
management market. However, the upcoming medical waste treatment technologies are expected to
overcome this factor in coming years.
Medical Waste Management Market Opportunities
Technological Advancements

The traditional technologies used for medical waste management have a number of effects on the
environment. Various kinds of harmful and toxic gases are released during the incineration process while
chemical treatment involves the use of various toxic and harmful chemicals. Thus, the demand for alternative
technologies for the treatment of medical waste is on the rise. Alternative technologies such as steam
sterilization, dry heat sterilization, alkaline hydrolysis, advanced steam sterilization, microwave treatment, and
biological treatment are gaining importance day by day. To overcome the side effects of conventional
treatment technologies number of advanced technologies are being used. Thus, Technological advancement
is expected to act as an opportunity for medical waste management market during the forecast period.

Medical Waste Management Market Segmentation

Type of Waste Insights
By type of waste, the medical waste management market has been segmented into non-hazardous waste, and
hazardous waste. In 2021, Non-hazardous waste is the largest type segment of this market and it accounted
for 85.3% share in the global market. The key factor contributing to this segment's large market share is
improved surgical procedures worldwide.  Non-hazardous is similar to household waste and is not infectious
however, hazardous waste can cause serious harm and special care needs to be taken while handling
hazardous waste. Though, hazardous waste is generated in very less amount as compared to non-hazardous
still it can be highly dangerous. However, hazardous waste is expected to show significant growth in the years
to come.

Treatment Insight
On the basis of treatment, the market can be segmented into incineration, autoclaving, chemical treatment
and others. Autoclaving held 38.4% share of total market in 2021 and is expected to grow as a preferred
methodology for medical waste treatment. Incineration is another key segment of this market and is expected
to witness substantial growth in the years to come due to the technological advancements.

Services Insight
The companies operating in this industry offer services such as waste collection, transportation, storage,
treatment, disposal, and recycling of waste services. These services may be delivered off-site as well as on-site.
Typically, disposal and treatment of the material are outsourced offsite, hence, this segment accounts for the
major share. However, the adoption of on-site disposal and treatment is quickly growing in order to reduce
the cost and holding time of trash. Many companies are starting up their own onsite treatment, disposal
systems, and recycling units. Hence, this segment is anticipated to be the fastest-growing through the
estimate period.

Regional Insights
North America emerged as the largest regional medical waste management market and it accounted for
35.3% market share of total revenue generated in 2021. The dominance of North America is expected to be
maintained in the years to come on account of presence for strict environmental regulations for disposable of
medical waste in this region. In terms of the revenue, the non-hazardous waste segment is expected to exhibit
the highest growth followed by hazardous waste within the forecast period in this region.
Asia Pacific accounted for XX% share of the total market in 2021 and is expected to witness the fastest growth
in the near future. This growth is mainly due to increasing awareness and the government's ambitions toward
efficient waste disposal. The increasing aging population is another key factor contributing to the growth of
the medical waste management market in Asia Pacific. The countries such as China, Japan and India are
expected to lead the Asia-Pacific market, with China having the largest share followed by India in terms of
revenue. Increasing healthcare industry coupled with adoption of new technology developed for medical
waste management in Argentina, Brazil, and Peru is anticipated to fuel market growth in Latin America. The
Middle East & Africa is expected to show steady growth in the years to come.  

Competitive Landscape

The report covers detailed competitive outlook including company profiles of the key participants operating in
the global medical waste management market. Some of the key participants operating in the global medical
waste management market include BioMedical Waste Solutions, LLC, Clean Harbors, Inc., Daniels Sharpsmart,
Inc., REMONDIS Medison GmbH, Republic Services, Inc., Sharps Compliance, Inc., Stericycle, Inc., Suez
Environnement S.A., Medasend Biomedical, Inc., Veolia Environnement S.A., and Waste Management, Inc.
Key Industry Developments

August 2021: Clean Harbors, Inc. declared it has entered into a definitive agreement to acquire
HydroChemPSC (HPC), from an affiliate of Littlejohn & Co., LLC, for USD 1.25 billion in an all-cash transaction.
Medical Waste Management Market Scope and segmentation

Attribute Details

Market Size in 2021 USD 12.9 Billion

Estimated Market Size in 2028 USD 20.7 Billion

CAGR Growth Rate 5.9% CAGR

Base Year 2021

Forecast Years 2022-2030

Segmentation Type of Waste, Treatment, Services and Region

Non-hazardous Waste
By Type of Waste Hazardous Waste

Incineration
Autoclaving
By Treatment Chemical Treatment
Other Treatments

Onsite
By Services Offsite

North America
Europe
Major Regions Covered Asia Pacific
Latin America
The Middle East & Africa

Revenue forecast, company share, growth factors, and

Report coverage
recent trends
 Free customization scope (equivalent to 5
analysts working days)
Key Questions Answered
What is the market size and growth rate of
the global and regional market by various
segments?
What is the market size and growth rate of
the market for selective countries?
Which region or sub-segment is expected
to drive the market in the forecast period?
What Factors are estimated to drive and
restrain the market growth?
What are the key technological and market
trends shaping the market?
What are the key opportunities in the
market?
What are the key companies operating in
the market?
Which company accounted for the highest
market share?
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the scope of the report, we will provide it to you as part of
the customization process.
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