Market Overview:
The global medical waste disposal services market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about safe medical waste disposal and the growing demand for recyclable materials. In addition, the stringent regulations imposed by governments across different regions are also contributing to the growth of this market. The transportation segment is expected to dominate the global medical waste disposal services market during the forecast period owing to rising concerns about environmental pollution and health hazards caused by improper handling and storage of medical wastes.
Product Definition:
Medical waste disposal services are important because they help keep our communities safe. Medical waste can contain harmful and infectious materials that can pose a serious health risk if not disposed of properly. By using medical waste disposal services, we can ensure that these dangerous materials are handled and disposed of safely and securely.
Transportation, Storage Services:
Transportation services are the disposal of waste from its source to the destination. It includes pick-up and delivery services. The service is provided by third parties for medical waste disposal or hospital waste removal as well as hazardous material transportation such as blood, biohazardous materials, chemicals, body fluids and tissue samples.
Storage Services: This service involves safekeeping of medical wastes until they are transported to their destination for processing or disposed off at an approved facility.
Recycling Services:
Recycling services are waste management services that deal with the collection, transportation, processing, and disposal of used or unwanted materials. These materials are processed at an industrial level and then transported to a recycling center where they are separated according to their composition or material. The recyclable materials are further sold to manufacturers who convert them into new products.
Application Insights:
Non-hazardous medical waste disposal services held the largest market share of over 70% in 2017. Non-hazardous wastes comprise a wide range of materials that are discarded in the healthcare setting, including hypodermic syringes, surgical gloves and gowns, patient clothing and shoes, bloody bandages/dressings/tapes etc. These wastes can be disposed of at any location without affecting the environment as they do not contain hazardous substances.
The growing volume and variety of non-hazardous medical waste being generated daily is anticipated to drive growth during the forecast period. The increasing prevalence of chronic diseases such as cancer is also expected to contribute significantly towards segment growth during the forecast period. In addition, an increase in investments for developing advanced healthcare infrastructure across various countries will further boost demand for non-hazardous medical waste disposal services over the next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding medical waste management, rising investments by private and public organizations for improving healthcare infrastructure, and stringent government regulations regarding disposal of medical waste.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as developing healthcare infrastructure due to growing population, increase in disposable income resulting in rise in demand for better healthcare facilities & services, and government initiatives for improved sanitation services across countries such as India & China etc. In addition, economic development coupled with rapid urbanization has resulted into increased generation of non-hazardous & hazardous wastes from industrial sources including manufacturing units of pharmaceuticals/medical devices industry which are further recycled or disposed off through landfills posing health risks especially during long term exposure.
Growth Factors:
- Increasing demand for medical waste disposal services from hospitals and clinics
- Rising awareness about the importance of safe and hygienic medical waste disposal among healthcare professionals and patients
- Stringent government regulations on medical waste management
- Growing number of private players in the medical waste disposal services market
- Technological advancements in medical waste disposal equipment and methods
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Waste Disposal Services Market Research Report
By Type
Transportation, Storage Services, Recycling Services
By Application
Non-hazardous Waste, Hazardous Waste
By Companies
Stericycle, Veolia Environnement S.A., Suez Environnement, Clean Harbors, REMONDIS AG & Co. KG, Sharps Compliance, Inc., Waste Management, Inc., BioMedical Waste Solutions, LLC, Daniels Sharpsmart Inc., Republic Services, Inc., EcoMed Services, GRP & Associates, BWS Incorporated, MedPro Disposal, GIC Medical Disposal, Gamma Waste Services, Triumvirate Environmental, EPCO, Casella Waste Systems, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Medical Waste Disposal Services Market Report Segments:
The global Medical Waste Disposal Services market is segmented on the basis of:
Types
Transportation, Storage Services, Recycling Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Non-hazardous Waste, Hazardous Waste
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stericycle
- Veolia Environnement S.A.
- Suez Environnement
- Clean Harbors
- REMONDIS AG & Co. KG
- Sharps Compliance, Inc.
- Waste Management, Inc.
- BioMedical Waste Solutions, LLC
- Daniels Sharpsmart Inc.
- Republic Services, Inc.
- EcoMed Services
- GRP & Associates
- BWS Incorporated
- MedPro Disposal
- GIC Medical Disposal
- Gamma Waste Services
- Triumvirate Environmental
- EPCO
- Casella Waste Systems, Inc.
Highlights of The Medical Waste Disposal Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transportation, Storage Services
- Recycling Services
- By Application:
- Non-hazardous Waste
- Hazardous Waste
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Waste Disposal Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical waste disposal services are a type of waste management service that help to remove medical debris and hazardous materials from an environment. This can include hospitals, clinics, laboratories, and other medical facilities. Medical waste disposal services can also help to dispose of any unused or expired medications.
Some of the key players operating in the medical waste disposal services market are Stericycle, Veolia Environnement S.A., Suez Environnement, Clean Harbors, REMONDIS AG & Co. KG, Sharps Compliance, Inc., Waste Management, Inc., BioMedical Waste Solutions, LLC, Daniels Sharpsmart Inc., Republic Services, Inc., EcoMed Services, GRP & Associates, BWS Incorporated, MedPro Disposal, GIC Medical Disposal, Gamma Waste Services, Triumvirate Environmental, EPCO, Casella Waste Systems, Inc..
The medical waste disposal services market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Waste Disposal Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Waste Disposal Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Waste Disposal Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Waste Disposal Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Waste Disposal Services Market Size & Forecast, 2018-2028
4.5.1 Medical Waste Disposal Services Market Size and Y-o-Y Growth
4.5.2 Medical Waste Disposal Services Market Absolute $ Opportunity
Chapter 5 Global Medical Waste Disposal Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Waste Disposal Services Market Size Forecast by Type
5.2.1 Transportation
5.2.2 Storage Services
5.2.3 Recycling Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Waste Disposal Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Waste Disposal Services Market Size Forecast by Applications
6.2.1 Non-hazardous Waste
6.2.2 Hazardous Waste
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Waste Disposal Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Waste Disposal Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Waste Disposal Services Analysis and Forecast
9.1 Introduction
9.2 North America Medical Waste Disposal Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Waste Disposal Services Market Size Forecast by Type
9.6.1 Transportation
9.6.2 Storage Services
9.6.3 Recycling Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Waste Disposal Services Market Size Forecast by Applications
9.10.1 Non-hazardous Waste
9.10.2 Hazardous Waste
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Waste Disposal Services Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Waste Disposal Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Waste Disposal Services Market Size Forecast by Type
10.6.1 Transportation
10.6.2 Storage Services
10.6.3 Recycling Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Waste Disposal Services Market Size Forecast by Applications
10.10.1 Non-hazardous Waste
10.10.2 Hazardous Waste
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Waste Disposal Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Waste Disposal Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Waste Disposal Services Market Size Forecast by Type
11.6.1 Transportation
11.6.2 Storage Services
11.6.3 Recycling Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Waste Disposal Services Market Size Forecast by Applications
11.10.1 Non-hazardous Waste
11.10.2 Hazardous Waste
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Waste Disposal Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Waste Disposal Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Waste Disposal Services Market Size Forecast by Type
12.6.1 Transportation
12.6.2 Storage Services
12.6.3 Recycling Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Waste Disposal Services Market Size Forecast by Applications
12.10.1 Non-hazardous Waste
12.10.2 Hazardous Waste
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Waste Disposal Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Waste Disposal Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Waste Disposal Services Market Size Forecast by Type
13.6.1 Transportation
13.6.2 Storage Services
13.6.3 Recycling Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Waste Disposal Services Market Size Forecast by Applications
13.10.1 Non-hazardous Waste
13.10.2 Hazardous Waste
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Waste Disposal Services Market: Competitive Dashboard
14.2 Global Medical Waste Disposal Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stericycle
14.3.2 Veolia Environnement S.A.
14.3.3 Suez Environnement
14.3.4 Clean Harbors
14.3.5 REMONDIS AG & Co. KG
14.3.6 Sharps Compliance, Inc.
14.3.7 Waste Management, Inc.
14.3.8 BioMedical Waste Solutions, LLC
14.3.9 Daniels Sharpsmart Inc.
14.3.10 Republic Services, Inc.
14.3.11 EcoMed Services
14.3.12 GRP & Associates
14.3.13 BWS Incorporated
14.3.14 MedPro Disposal
14.3.15 GIC Medical Disposal
14.3.16 Gamma Waste Services
14.3.17 Triumvirate Environmental
14.3.18 EPCO
14.3.19 Casella Waste Systems, Inc.
