Market Overview:
The global medical waste management solutions market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about medical waste and its hazards, stringent government regulations for safe disposal of medical waste, and growing demand for cost-effective and efficient medical waste management solutions. Based on type, the global medical waste management solutions market can be segmented into infectious waste, hazardous waste, radioactive Waste, and general Waste. Infectious Waste is expected to account for the largest share of the global market in 2018 owing to its high volume and potential health hazards associated with it. By application, hospitals & clinics are expected to account for the largest share of the global market in 2018 followed by laboratories & research centers. North America is estimated to dominate the global Medical Waste Management Solutions Market in terms of revenue contribution followed by Europe during forecast period (2018-2030).
Product Definition:
Medical Waste Management Solutions refers to the various methods and technologies used to manage medical waste. Medical waste can be dangerous if not handled properly, so it is important to have a system in place for safely managing it. Medical Waste Management Solutions include things like incinerators, autoclaves, and landfills. They are important because they help protect both healthcare workers and patients from the dangers of medical waste.
Infectious Waste:
Infectious waste is the term used to define waste that carries pathogens or germs capable of causing disease. It includes blood, body fluids & tissues, oral fluids & tissues, and other infectious materials. The most common types of infectious wastes are sewage effluents and hospital wastes (fomites).
The global medical industry is growing at a rapid rate which in turn has increased the amount of infectious as well as non-infectious waste generated from hospitals, laboratories.
Hazardous Waste:
Hazardous waste is classified as E-1 to E-8, according to the degree of health and safety risk. It includes chemical waste, radioactive waste, infectious biological material and others. Radioactive wastes are the most harmful type of hazardous wastes generated from industrial facilities; they can cause cancer in humans if handled or disposed by improper methods.
Application Insights:
Based on the application, the global medical waste management solutions market is segmented into hospitals and clinics, laboratories and research centers, home healthcare services, dental care facilities and other health facilities. The hospitals and clinics segment dominated the overall market in terms of revenue in 2017. This can be attributed to a large patient base that requires treatment for various diseases including HIV/AIDS. In addition, an increasing number of hospital construction projects across developing countries such as China is expected to drive demand over the forecast period.
The laboratory and research center segment is anticipated to witness lucrative growth over the forecast period owing to an increase in government funding for medical research coupled with growing awareness among researchers regarding bio-waste management practices at these sites. Furthermore, stringent government regulations regarding bio-waste disposal are further expected to drive demand from this sector during future years.
Regional Analysis:
North America dominated the global market in 2017. The presence of advanced healthcare infrastructure, high awareness levels coupled with stringent government regulations regarding medical waste management are some of the key factors responsible for its large share. In addition, rising concerns regarding patient safety and hospital hygiene are expected to drive demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rapid economic development along with increasing investments in healthcare facilities and services in emerging countries such as China and India. Furthermore, favorable government initiatives aimed at improving public health system & infrastructure along with a growing number of hospitals & clinics are also contributing towards industry growth. ‘‘The Ebola Virus Disease'’ (EVD) has resulted into increased medical waste generation across Africa; therefore boosting demand for proper disposal methods for such situations which results into increased volume generators across this region as well as others aforementioned.
Growth Factors:
- Increasing demand for medical waste management solutions from hospitals and clinics
- Rising awareness about the need for safe and effective medical waste management solutions
- Proliferation of new technologies and services in the medical waste management industry
- Growing number of regulations and standards pertaining to medical waste management
- Rising investments in research and development for innovative medical waste management technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Waste Management Solutions Market Research Report
By Type
Infectious Waste, Hazardous Waste, Radioactive Waste, General Waste
By Application
Hospitals & Clinics, Laboratories and Research Centers, Nursing Homes, Others
By Companies
Stericycle, Sharps Compliance, Veolia Environnement, Daniels Sharpsmart, Clean Harbors, MedWaste Management, ATI, Republic Services, Waste Management, Medical Waste Management, Excel Medical Waste, Cyntox, Triumvirate, BioMedical Waste Solutions, UMI
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Medical Waste Management Solutions Market Report Segments:
The global Medical Waste Management Solutions market is segmented on the basis of:
Types
Infectious Waste, Hazardous Waste, Radioactive Waste, General Waste
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
Hospitals & Clinics, Laboratories and Research Centers, Nursing Homes, Others
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
- Sharps Compliance
- Veolia Environnement
- Daniels Sharpsmart
- Clean Harbors
- MedWaste Management
- ATI
- Republic Services
- Waste Management
- Medical Waste Management
- Excel Medical Waste
- Cyntox
- Triumvirate
- BioMedical Waste Solutions
- UMI
Highlights of The Medical Waste Management Solutions 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:
- Infectious Waste
- Hazardous Waste
- Radioactive Waste
- General Waste
- By Application:
- Hospitals & Clinics
- Laboratories and Research Centers
- Nursing Homes
- Others
- 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 Management Solutions 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
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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 management solutions are a set of services that help healthcare facilities manage the disposal of medical waste. These services can include collection, transportation, processing and disposal.
Some of the major companies in the medical waste management solutions market are Stericycle, Sharps Compliance, Veolia Environnement, Daniels Sharpsmart, Clean Harbors, MedWaste Management, ATI, Republic Services, Waste Management, Medical Waste Management, Excel Medical Waste, Cyntox, Triumvirate, BioMedical Waste Solutions, UMI.
The medical waste management solutions 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 Management Solutions 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 Management Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Waste Management Solutions 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 Management Solutions 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 Management Solutions Market Size & Forecast, 2018-2028
4.5.1 Medical Waste Management Solutions Market Size and Y-o-Y Growth
4.5.2 Medical Waste Management Solutions Market Absolute $ Opportunity
Chapter 5 Global Medical Waste Management Solutions 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 Management Solutions Market Size Forecast by Type
5.2.1 Infectious Waste
5.2.2 Hazardous Waste
5.2.3 Radioactive Waste
5.2.4 General Waste
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Waste Management Solutions 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 Management Solutions Market Size Forecast by Applications
6.2.1 Hospitals & Clinics
6.2.2 Laboratories and Research Centers
6.2.3 Nursing Homes
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Waste Management Solutions 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 Management Solutions 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 Management Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Medical Waste Management Solutions 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 Management Solutions Market Size Forecast by Type
9.6.1 Infectious Waste
9.6.2 Hazardous Waste
9.6.3 Radioactive Waste
9.6.4 General Waste
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 Management Solutions Market Size Forecast by Applications
9.10.1 Hospitals & Clinics
9.10.2 Laboratories and Research Centers
9.10.3 Nursing Homes
9.10.4 Others
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 Management Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Waste Management Solutions 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 Management Solutions Market Size Forecast by Type
10.6.1 Infectious Waste
10.6.2 Hazardous Waste
10.6.3 Radioactive Waste
10.6.4 General Waste
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 Management Solutions Market Size Forecast by Applications
10.10.1 Hospitals & Clinics
10.10.2 Laboratories and Research Centers
10.10.3 Nursing Homes
10.10.4 Others
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 Management Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Waste Management Solutions 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 Management Solutions Market Size Forecast by Type
11.6.1 Infectious Waste
11.6.2 Hazardous Waste
11.6.3 Radioactive Waste
11.6.4 General Waste
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 Management Solutions Market Size Forecast by Applications
11.10.1 Hospitals & Clinics
11.10.2 Laboratories and Research Centers
11.10.3 Nursing Homes
11.10.4 Others
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 Management Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Waste Management Solutions 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 Management Solutions Market Size Forecast by Type
12.6.1 Infectious Waste
12.6.2 Hazardous Waste
12.6.3 Radioactive Waste
12.6.4 General Waste
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 Management Solutions Market Size Forecast by Applications
12.10.1 Hospitals & Clinics
12.10.2 Laboratories and Research Centers
12.10.3 Nursing Homes
12.10.4 Others
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 Management Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Waste Management Solutions 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 Management Solutions Market Size Forecast by Type
13.6.1 Infectious Waste
13.6.2 Hazardous Waste
13.6.3 Radioactive Waste
13.6.4 General Waste
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 Management Solutions Market Size Forecast by Applications
13.10.1 Hospitals & Clinics
13.10.2 Laboratories and Research Centers
13.10.3 Nursing Homes
13.10.4 Others
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 Management Solutions Market: Competitive Dashboard
14.2 Global Medical Waste Management Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stericycle
14.3.2 Sharps Compliance
14.3.3 Veolia Environnement
14.3.4 Daniels Sharpsmart
14.3.5 Clean Harbors
14.3.6 MedWaste Management
14.3.7 ATI
14.3.8 Republic Services
14.3.9 Waste Management
14.3.10 Medical Waste Management
14.3.11 Excel Medical Waste
14.3.12 Cyntox
14.3.13 Triumvirate
14.3.14 BioMedical Waste Solutions
14.3.15 UMI
