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Redding, California - September 30, 2022

Medical Waste Management Market Worth $16.69 billion by 2029

Medical Waste Management Market by Waste Type (Non-hazardous, Hazardous), Service (Collection, Transport, Treatment (Incineration, Autoclaving, Chemical), Disposal), Source (Hospital, Diagnostic Laboratory, Research Laboratory) - Global Forecast to 2029


Meticulous Research®—a leading global market research company, published a research report titled Medical Waste Management Market by Waste Type (Non-hazardous, Hazardous), Service (Collection, Transport, Treatment (Incineration, Autoclaving, Chemical), Disposal), Source (Hospital, Diagnostic Laboratory, Research Laboratory) - Global Forecast to 2029

According to this latest publication from Meticulous Research®, the global medical waste management market is projected to reach $16.69 billion by 2029, at a CAGR of 6.3% from 2022 to 2029. Factors driving this market's growth include the increased volume of medical waste generated globally, stringent regulations for medical waste management, and growing government initiatives to raise awareness regarding proper medical waste disposal. However, the lack of standardized regulations for medical waste management in developing countries is expected to restrain the growth of this market.

The global medical waste management market is segmented by waste type (non-hazardous waste and hazardous waste), services (collection, transportation, & storage, treatment [incineration, autoclaving, chemical treatment, and other treatments], and recycling), source (hospitals & clinics, diagnostic laboratories, research laboratories, other sources) and geography. The study also includes an analysis of the regional and country-level markets.

Based on waste type, in 2022, the non-hazardous waste segment is expected to account for the larger share of the global medical waste management market. The non-hazardous medical does not pose any biological, chemical, radioactive or physical hazard. The large market share of this segment is mainly attributed to a large number of healthcare facilities globally, an increase in the number of surgical procedures, and government initiatives to promote proper medical waste management.

Based on services, in 2022, the collection, transportation, and storage segment is expected to account for the largest share of the global medical waste management market. There is a large demand for medical waste collection, transportation, and storage services due to issues faced by healthcare facilities in terms of proper transportation and packaging of non-hazardous and hazardous medical waste. Furthermore, the large volume of medical waste across the medical facilities globally generates the demand for medical waste collection, transportation, and storage services.

Based on source, in 2022, the hospitals & clinics segment is expected to account for the largest share of the global medical waste management market. The large market share of this segment is attributed to a large volume of medical waste generated via hospitals and the growing government initiatives to promote proper medical waste management.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), Latin America (Brazil and Mexico), and Middle East & Africa. Based on geography, in 2022, North America is expected to account for the largest share of the global medical waste management market. The large share of this region is mainly attributed to a large volume of medical waste generated, rising healthcare expenditures, and growing government initiatives to raise awareness regarding proper medical waste disposal.

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Key Players

Key companies operating in the global medical waste management market are Biomedical Waste Solutions, LLC (U.S.), Clean Harbors, Inc. (U.S.), Daniels Sharpsmart Inc. (U.S.), Republic Services, Inc. (U.S.), Stericycle, Inc. (U.S.), SUEZ SA (France), VEOLIA ENVIRONNEMENT SA (France), Waste Management, Inc. (U.S.), Sharp Compliance, Inc. (U.S.), and Gamma Waste Services (U.S.).

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