Medical Waste Management Market to Grow Nearly 5.8% through 2030 | Potential Opportunity Is Opening in the Coming Years

According to Precedence Research’s new research study on “Medical Waste Management Market Size 2021 to 2030 – Global Industry Analysis and Forecast (By Treatment: Chemical Treatment, Autoclaving, Incineration, and Others; By Waste Type: Hazardous and Nonhazardous)” The global medical waste management market size is forecasted to reach around US$ 11.92 billion by 2030 and is anticipated to grow with a healthy CAGR of 5.8% from 2021 to 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.

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Medical waste can be defined as a type of waste that comprises infectious substances. This contains waste produced by healthcare amenities like doctor’s offices, dental practices, hospitals, research laboratory, medicinal research amenities, and veterinary hospitals. The increasing patient population internationally is anticipated to increase the quantity of medicinal waste generated by the healthcare facilities. With the increasing quantity of medical waste, the administrations, worldwide, are undertaking several actions for the management of medicinal waste. The increasing number of actions by the government establishments is likely to support the medicinal waste management industry growth over the estimate timeframe. The advancement of innovative production techniques for medical devices and medicines in the healthcare industry is increasing rapidly in throughout the world. Moreover, the progress of the industry is also reflected by the effectual supply of inventories essential in the everyday functioning of diagnostic centers, clinics, and hospitals.

Growth Factors:

Factors such as exponentially increasing volume of medical waste, rising geriatric population, increasing prevalence of chronic disorders such as cardiovascular diseases and diabetes, growing obese population, increasing requirement for sustainable and effective medical waste management, increasing focus of governments all over the world to tackle the issue of medical waste management, and increasing number of accidents are driving the growth of medical waste management market. Moreover, integration of latest technologies and growing investment by key manufacturers is driving the medical waste management market growth across the world. Additional features that are expected to fuel this business are increasing per capita healthcare expenditure and implementation of stringent regulations by governments related to medical waste management.

Above 65% of all deaths occur due to the five major chronic ailments viz., cancer, heart disease, diabetes stroke, and COPD. Chronic ailments are accountable for seven out of ten demises in the United States (more than 1.7 million individuals) each year. After heart ailments, cancer is the second predominant cause of demise in the U.S. Increasing elderly population, coupled with prevailing risk aspects (for example poor nutrition, absence of physical activity, and tobacco usage) and medical developments have led to the deduction that these difficulties are only going to amplify if not efficiently addressed over near future. The rising prevalence of chronic ailments is anticipated to result in a greater demand for healthcare devices, medicines, and equipment’s, which in turn is anticipated to bolster the progress of medical waste management industry over the forecast timeframe.

Market Scope:

Report Highlights:

• Among the treatment segment, incineration dominated the overall market in 2020. Incineration is the lone method employed for pathological scrap such as identifiable tissue and body parts that augments the segmental share. The chemical treatment segment is estimated to grow at the uppermost CAGR through the forecast duration.
• Hazardous waste accounted for the major share in the end-user segment with more than 65% share in 2020 due to high volume of hazardous waste generation. Moreover, implementation of stringent regulations for the safe disposal of hazardous waste by governments all over the world is expected to boost the demand for hazardous waste management in the near future.
• Stericycle Inc., Waste Management, Inc., and Clean Harbors accounted for a significant share of the global medical waste management market.

Regional Analysis:

The report includes information for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the North America region dominated the worldwide market with a market share of higher than 42%. The U.S. indicated the highest slice in North America principally due to high incidence of cancer and early implementation of latest medical waste management techniques. Moreover, presence of major industry players and constant innovation also supported the high market portion of North America.

Europe was the subsequent significant market chiefly due to high geriatric population. Presence of positive reimbursement scenario in the European region is also expected to lift the demand for medical waste management in the anticipated time-span. The Asia Pacific region is projected to grow at the highest CAGR of around 6.8% in the estimate period due to increasing per capita healthcare expenditure and high number of accidents. Latin America and Middle East and African region will display noticeable growth.

Some of the prominent players in the global Medical Waste Management Market are listed as below:

• BioMedical Waste Solutions
• Stericycle Inc.
• Clean Harbors
• Citiwaste
• MedPro Waste Disposal
• Sanpro
• Waste Management, Inc.
• Sharps Compliance, Inc.

In order to well recognize the present status of medical waste management, and policies implemented by the foremost nations, Precedence Research projected the future progress of the medical waste management market. This research report bids quantitative and qualitative insights on medical waste management market and valuation of market size and progress trend for probable market segments.

Major Market Segments Covered:

By Treatment

• Chemical Treatment
• Autoclaving
• Incineration
• Others

By Waste Type

• Hazardous
• Nonhazardous

By Geography     

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Medical Waste Management Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Medical Waste Management Market

5.1. Covid-19: Medical Waste Management Industry Impact
5.2. Medical Waste Management Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Medical Waste Management Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Medical Waste Management Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Medical Waste Management Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Exponentially increasing volume of medical waste
6.1.1.2. Rising geriatric population
6.1.2. Market Restraints
6.1.2.1. Variations in regulatory status
6.1.3. Market Opportunities
6.1.3.1. Growing investment by key manufacturers
6.1.3.2. Increasing per capita healthcare expenditure

Chapter 7. Global Medical Waste Management Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Medical Waste Management Market Revenue by Market Players (2016 -2019)
7.1.1.2. Medical Waste Management Market Revenue Market Share by Market Players (2016 -2019)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Medical Waste Management Market, By Treatment

8.1. Medical Waste Management Market, by Treatment, 2017-2030
8.1.1. Chemical Treatment
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Autoclaving
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Incineration
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Medical Waste Management Market, By Waste Type

9.1. Medical Waste Management Market, by Waste Type, 2017-2030
9.1.1. Hazardous
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Nonhazardous
9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Medical Waste Management Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue Forecast by Treatment(2017-2030)
10.1.2. Market Revenue Forecast by Waste Type (2017-2030)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2017-2030)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2017-2030)
10.2. Europe
10.2.1. Market Revenue Forecast by Treatment (2017-2030)
10.2.2. Market Revenue Forecast by Waste Type (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2017-2030)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2017-2030)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Treatment (2017-2030)
10.3.2. Market Revenue Forecast by Waste Type (2017-2030)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2017-2030)
10.4. LATAM
10.4.1. Market Revenue Forecast by Treatment (2017-2030)
10.4.2. Market Revenue Forecast by Waste Type (2017-2030)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2017-2030)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2017-2030)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Treatment (2017-2030)
10.5.2. Market Revenue Forecast by Waste Type (2017-2030)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2017-2030)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2017-2030)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2017-2030)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2017-2030)

Chapter 11. Company Profiles

11.1. BioMedical Waste Solutions
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Treatment Details, Specification, Waste Type
11.1.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.1.4. Recent Developments and Strategies
11.2. Stericycle Inc.
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Treatment Details, Specification, Waste Type
11.2.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.2.4. Recent Developments and Strategies
11.3. Stericycle Inc.
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Treatment Details, Specification, Waste Type
11.3.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.3.4. Recent Developments and Strategies
11.4. Citiwaste
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Treatment Details, Specification, Waste Type
11.4.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.4.4. Recent Developments and Strategies
11.5. MedPro Waste Disposal
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Treatment Details, Specification, Waste Type
11.5.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.5.4. Recent Developments and Strategies
11.6. Sanpro
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Treatment Details, Specification, Waste Type
11.6.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.6.4. Recent Developments and Strategies
11.7. Waste Management, Inc.
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Treatment Details, Specification, Waste Type
11.7.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.7.4. Recent Developments and Strategies
11.8. Sharps Compliance, Inc.
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Treatment Details, Specification, Waste Type
11.8.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.8.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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