The Medical Waste Management Market is projected to reach $16.69 billion by 2029, at a CAGR of 6.3% from 2022 to 2029. Medical waste is the waste produced during healthcare or diagnostic activities in hospitals & clinics, diagnostic laboratories, research laboratories, blood banks, mortuary and autopsy centers, and long-term care facilities. Its management comprises various techniques for collecting, transporting, storing, treating, and recycling non-hazardous and hazardous medical waste. The growth of this market is driven by the increase in the volume of medical waste generated globally, stringent regulations for medical waste management, and the 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 market growth.
Impact of COVID-19 on Medical Waste Management Market
According to WHO, around 30% of healthcare facilities globally are not equipped to handle medical waste loads. The global medical waste management market experienced tremendous pressure during the COVID-19 pandemic due to the high demand for healthcare waste management services. There is a large concern about hazardous medical waste produced during the COVID-19 pandemic and the risks of contamination associated with waste management. According to WHO, till now, around 10,000 tons of extra medical waste has been generated in response to the COVID-19 pandemic. While countries were actively procuring commodities such as personal protective equipment, PPE kits, diagnostic test kits, disinfectant chemicals, and vaccines, less attention and resources were allocated to the safe and sustainable management of COVID-19-related medical waste.
The WHO Global analysis of health care waste in the context of COVID-19 estimates that between March 2020 and November 2021, approximately 87,000 tons of PPE were procured and shipped to various countries to support COVID-19 response needs. Since the start of the pandemic, over 140 million diagnostic test kits that could generate 2,600 tons of medical waste have been shipped globally. Furthermore, as of 7 January 2022, over 9 billion doses of COVID-19 vaccine have been administered globally, producing 144,000 tons of additional medical waste in the form of syringes and needles (88,000 tons) and safety boxes (8,000 tons) (source: WHO). The companies operating in the medical waste management market experienced tremendous strain due to the huge demand for healthcare waste management services. Although these companies reported an increase in revenue due to high demand for COVID-19-related waste management and decontamination services, the amount of medical waste generated tremendously exceeded their waste management capacity.
According to an assessment by the United Nations Development Programme (UNDP) of five Asian cities (Manila, Jakarta, Bangkok, Ha Noi, and Kuala Lumpur) done in April 2020, on average, when compared to the pre-COVID-19 pandemic, the volume of medical waste generated per day during the pandemic increased by 497.5%. Thus, the pandemic has boosted the revenue of companies offering medical waste management services but, at the same time, has imposed a tremendous strain on the market.
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Key Findings in the Global Medical Waste Management Market Study:
Based on Waste Type, in 2022, the Non-hazardous Segment is Expected to Account for the Largest Share
Based on waste type, the global medical waste management market is segmented into non-hazardous and hazardous waste. In 2022, the non-hazardous waste segment is expected to account for the largest share of the global medical waste management market. The non-hazardous medical waste does not cause any particular biological, chemical, radioactive or physical hazards. The large market share of this segment is 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
Based on services, the global medical waste management market is segmented into collection, transportation, & storage, treatment, and recycling. 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 huge demand for medical waste collection, transportation, and storage services due to issues faced by healthcare facilities, mainly in terms of proper transportation and packaging of non-hazardous and hazardous medical waste. Furthermore, a large volume of medical waste across medical facilities globally generates the demand for medical waste collection, transportation, and storage services.
Based on Source, in 2022, the Hospitals Segment is Expected to Account for the Largest Share
Based on source, the global medical waste management market is segmented into hospitals & clinics, diagnostic laboratories, research laboratories, and other sources. 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 mainly attributed to the large volume of medical waste generated in hospitals and growing government initiatives to promote proper medical waste management.
In 2022, North America is Expected to Account for the Largest Share of the Global Medical Waste Management Market
Based on geography, the global medical waste management market is segmented into North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the global medical waste management market. The large market share of this region is attributed to the large volume of medical waste generated, rising healthcare expenditures, and growing government initiatives to raise awareness regarding proper medical waste disposal
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments that led market participants to adopt over the past three years. The key players profiled in the global medical waste management market report 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.).
Scope of the Report
Medical Waste Management Market, by Waste Type
Medical Waste Management Market, by Services
Medical Waste Management Market, by Source
Medical Waste Management Market, by Geography
Key questions answered in the report:
This study offers a detailed assessment of the medical waste management market, including the market size & forecast for various segmentation like waste type, services, treatment, and source. The medical waste management market studied in this report also involves the value analysis of various segments of medical waste management services provided at regional and country levels.
The global medical waste management market is projected to reach $16.69 billion by 2029, at a CAGR of 6.3% during the forecast period.
In 2022, the non-hazardous waste segment is estimated to account for the largest share.
The collection, transportation, and storage segment is expected to register the highest CAGR during the forecast period.
The growth of this market is mainly attributed to the increase in the volume of medical waste generated globally, stringent regulations for medical waste management, and growing government initiatives to raise awareness regarding proper medical waste disposal. In addition, an increasing number of awareness programs for medical waste management in developed countries is expected to offer significant growth opportunities for players operating in the market.
The key players 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.)
Emerging economies like China and India are projected to offer significant growth opportunities to the market players due to increased environmental awareness regarding waste management.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth Forecast
2.3.2. Market Share Analysis
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
4. Market Insights
4.1. Market Overview
4.2. Drivers
4.2.1. Increase in Volume of Healthcare Waste Generated Globally
4.2.2. Stringent Regulations for Medical Waste Management
4.2.3. Increasing Number of Surgical Procedures
4.3. Restraints
4.3.1. Lack of Standardized Regulations for Medical Waste Management in Developing Countries
4.4. Opportunities
4.4.1. Growing Government Initiatives to Raise Awareness Regarding Proper Medical Waste Management
4.5. Challenges
4.5.1. Lack of Awareness About Medical Waste Management in Developing Countries
4.6. Impact Assessment of COVID-19 on Medical Waste Management Market
5. Medical Waste Management Market, by Waste Type
5.1. Introduction
5.2. Non-hazardous Waste
5.3. Hazardous Waste
6. Medical Waste Management Market, by Service
6.1. Introduction
6.2. Collection, Transportation, and Storage
6.3. Treatment
6.3.1. Introduction
6.3.2. Incineration
6.3.3. Autoclaving
6.3.4. Chemical Treatment
6.3.5. Other Treatments
6.4. Recycling
7. Medical Waste Management Market, by Source
7.1. Introduction
7.2. Hospitals & Clinics
7.3. Diagnostic Laboratories
7.4. Research Laboratories
7.5. Other Sources
8. Medical Waste Management Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. U.K.
8.3.2. Germany
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Rest of Latin America
8.6. Middle East & Africa
9. Competitive Landscape
9.1. Introduction
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Market Share Analysis (2021)
10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
10.1. Biomedical Waste Solutions, LLC
10.2. Clean Harbors, Inc.
10.3. Daniels Sharpsmart Inc.
10.4. Republic Services, Inc.
10.5. Stericycle, Inc.
10.6. Suez Environmental Services
10.7. Veolia Environnement S.A.
10.8. Waste Management, Inc.
10.9. Sharp Compliance, Inc.
10.10. Gamma Waste Services
11. Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 Global Medical Waste Management Market Drivers: Impact Analysis (2022–2029)
Table 2 Global Medical Waste Management Market Restraints: Impact Analysis (2022–2029)
Table 3 Global Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 4 Global Non-hazardous Medical Waste Management Market Size, by Country/Region, 2020–2029 (USD Million)
Table 5 Global Hazardous Medical Waste Management Market Size, by Country/Region, 2020–2029 (USD Million)
Table 6 Global Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 7 Global Medical Waste Management Market Size for Collection, Transportation, and Storage Services, by Country/Region, 2020–2029 (USD Million)
Table 8 Global Medical Waste Management Market Size for Treatment, by Country/Region, 2020–2029 (USD Million)
Table 9 Global Medical Waste Management Market Size for Incineration, by Country/Region, 2020–2029 (USD Million)
Table 10 Global Medical Waste Management Market Size for Autoclaving, by Country/Region, 2020–2029 (USD Million)
Table 11 Global Medical Waste Management Market Size for Chemical Treatment, by Country/Region, 2020–2029 (USD Million)
Table 12 Global Medical Waste Management Market Size for Other Treatment, by Country/Region, 2020–2029 (USD Million)
Table 13 Global Medical Waste Management Market Size for Recycling Services, by Country/Region, 2020–2029 (USD Million)
Table 14 Global Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 15 Global Medical Waste Management Market Size for Hospitals & Clinics, by Country/Region, 2020–2029 (USD Million)
Table 16 Global Medical Waste Management Market Size for Diagnostic Laboratories, by Country/Region, 2020–2029 (USD Million)
Table 17 Global Medical Waste Management Market Size for Research Laboratories, by Country/Region, 2020–2029 (USD Million)
Table 18 Global Medical Waste Management Market Size for Other Sources, by Country/Region, 2020–2029 (USD Million)
Table 19 Global Medical Waste Management Market, by Country/Region, 2020–2029 (USD Million)
Table 20 North America: Medical Waste Management Market Size, by Country, 2020–2029 (USD Million)
Table 21 North America: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 22 North America: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 23 North America: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 24 North America: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 25 U.S.: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 26 U.S.: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 27 U.S.: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 28 U.S.: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 29 Canada.: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 30 Canada.: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 31 Canada: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 32 Canada: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 33 Europe: Medical Waste Management Market Size, by Country, 2020–2029 (USD Million)
Table 34 Europe: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 35 Europe: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 36 Europe: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 37 Europe: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 38 Germany: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 39 Germany: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 40 Germany: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 41 Germany: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 42 France: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 43 France: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 44 France: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 45 France: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 46 U.K.: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 47 U.K.: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 48 U.K.: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 49 U.K.: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 50 Italy: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 51 Italy: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 52 Italy: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 53 Italy: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 54 Spain: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 55 Spain: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 56 Spain: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 57 Spain: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 58 Rest of Europe: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 59 Rest of Europe: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 60 Rest of Europe: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 61 Rest of Europe: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 62 Asia-Pacific: Medical Waste Management Market Size, by Country, 2020–2029 (USD Million)
Table 63 Asia-Pacific: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 64 Asia-Pacific: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 65 Asia-Pacific: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 66 Asia-Pacific: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 67 China: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 68 China: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 69 China: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 70 China: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 71 Japan: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 72 Japan: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 73 Japan: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 74 Japan: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 75 India: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 76 India: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 77 India: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 78 India: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 79 Rest of Asia-Pacific: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 80 Rest of Asia-Pacific: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 81 Rest of Asia-Pacific: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 82 Rest of Asia-Pacific: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 83 Latin America: Medical Waste Management Market Size, by Country, 2020–2029 (USD Million)
Table 84 Latin America: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 85 Latin America: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 86 Latin America: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 87 Latin America: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 88 Brazil: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 89 Brazil: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 90 Brazil: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 91 Brazil: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 92 Mexico: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 93 Mexico: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 94 Mexico: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 95 Mexico: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 96 Rest of Latin America: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 97 Rest of Latin America: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 98 Rest of Latin America: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 99 Rest of Latin America: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
Table 100 Middle East & Africa: Medical Waste Management Market Size, by Waste Type, 2020–2029 (USD Million)
Table 101 Middle East & Africa: Medical Waste Management Market Size, by Service, 2020–2029 (USD Million)
Table 102 Middle East & Africa: Medical Waste Treatment Services Market Size, by Type, 2020–2029 (USD Million)
Table 103 Middle East & Africa: Medical Waste Management Market Size, by Source, 2020–2029 (USD Million)
List of Figures
Figure 1 Key Stakeholders
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 7 Market Size Estimation
Figure 8 Global Medical Waste Management Market, by Waste Type, 2022 Vs. 2029 (USD Million)
Figure 9 Global Medical Waste Management Market, by Service, 2022 Vs. 2029 (USD Million)
Figure 10 Global Medical Waste Management Market, by Source, 2022 Vs. 2029 (USD Million)
Figure 11 Medical Waste Management Market, by Geography
Figure 12 Market Dynamics
Figure 13 Global Medical Waste Management Market, by Type of Waste, 2022–2029 (USD Million)
Figure 14 Global Medical Waste Management Market, by Service, 2022–2029 (USD Million)
Figure 15 Global Medical Waste Management Market, by Source, 2022–2029 (USD Million)
Figure 16 Global Medical Waste Management Market, by Region, 2022–2029 (USD Million)
Figure 17 North America: Medical Waste Management Market Snapshot
Figure 18 Europe: Medical Waste Management Market Snapshot
Figure 19 Asia-Pacific: Medical Waste Management Market Snapshot
Figure 20 Key Growth Strategies Adopted by Leading Players (2019–2022)
Figure 21 Medical Waste Management Market: Competitive Benchmarking based on Service
Figure 22 Market Share Analysis: Medical Waste Management Market (2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jan-2023
Published Date: Jan-2023
Published Date: Jan-2023
Published Date: Jan-2023
Published Date: Jan-2023
