Market Overview:
The global medical waste treatment service 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 disposal of medical waste and rising number of hospitals and clinics across the globe. In addition, growing demand for biohazardous waste treatment services is also contributing to the growth of this market. Based on type, infectious waste accounted for the largest share in 2017 and is projected to grow at a CAGR of 7% during the forecast period. This can be attributed to increase in number of hospitals and clinics across the globe.
Product Definition:
Medical waste treatment service is the process of treating medical waste in order to make it safe for disposal. This service is important because it helps protect the environment and public health by ensuring that medical waste is properly treated before being disposed of.
Infectious Waste:
Infectious waste is the term used for the waste that carries pathogens or germs capable of causing disease. Medical waste, on the other hand, is any human excreta that has been used or processed and cannot be disposed of as normal municipal sewage.
Human pathological waste:
Human pathological waste is the waste generated from human bodies during death or during life. The body parts that are thrown away after death are called residual organs. Residual organs can be used for scientific research to find out more about human anatomy and physiology, but they cannot be transplanted into another person because they have been exposed to a foreign virus while being transported from the donor’s body.
Application Insights:
The hospitals segment dominated the global medical waste treatment service market in 2017. This can be attributed to factors such as increasing number of surgeries, technological advancements that have led to an increase in the volume of discarded devices and a rise in government initiatives for improving healthcare infrastructure. For instance, according to WHO, by 2019, approximately USD 1.2 trillion will be spent on new construction and renovation projects globally. However, only about 40% of this amount will reach developed countries while 60% will remain with developing countries due to financial constraints faced by them. In order for healthcare facilities in developing countries not to lose out on such investments due these financial constraints being faced by them from private investors; governments from both developed and developing countries are coming together through various agreements & conventions signed under the auspices of WHO for investing through public-private partnerships (PPP).
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high awareness among people about bio-medical waste management, and stringent regulations by EPA and FDA are some of the major factors responsible for its dominance. In addition, increasing cases of chronic diseases in this region is also expected to drive demand for GMW treatment services over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rapid economic development coupled with a large population base in countries such as India and China. Moreover, government initiatives encouraging private players to invest in these markets are expected to boost revenue generation from medical waste treatment services during the forecast period.
Growth Factors:
- Increasing demand for medical waste treatment services from hospitals and clinics
- Rising awareness about the need to treat medical wastes properly
- Stringent government regulations on medical waste management
- Growing number of private players in the medical waste treatment service market
- Technological advancements in medical waste treatment processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Waste Treatment Service Market Research Report
By Type
Infectious Waste, Human pathological waste, Blood Products, Contaminated Personal Protective Equipment, Biohazard Waste, Other
By Application
Hospitals, Dialysis Centers, Private Physicians, Dentist Offices, Nursing Homes, Funeral Homes, Alcohol and Drug Rehab Centers, Animal Hospitals and Clinics, Other
By Companies
Waste Management (WM), Citiwaste, Sanpro Waste, MedPro Waste Disposal, Sharps Compliance, BioServeUSA, BioMedical Waste Solutions, PureWay Total Compliance, Medasend, Stericycle
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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Medical Waste Treatment Service Market Report Segments:
The global Medical Waste Treatment Service market is segmented on the basis of:
Types
Infectious Waste, Human pathological waste, Blood Products, Contaminated Personal Protective Equipment, Biohazard Waste, Other
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, Dialysis Centers, Private Physicians, Dentist Offices, Nursing Homes, Funeral Homes, Alcohol and Drug Rehab Centers, Animal Hospitals and Clinics, Other
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:
- Waste Management (WM)
- Citiwaste
- Sanpro Waste
- MedPro Waste Disposal
- Sharps Compliance
- BioServeUSA
- BioMedical Waste Solutions
- PureWay Total Compliance
- Medasend
- Stericycle
Highlights of The Medical Waste Treatment Service 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
- Human pathological waste
- Blood Products
- Contaminated Personal Protective Equipment
- Biohazard Waste
- Other
- By Application:
- Hospitals
- Dialysis Centers
- Private Physicians
- Dentist Offices
- Nursing Homes
- Funeral Homes
- Alcohol and Drug Rehab Centers
- Animal Hospitals and Clinics
- Other
- 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 Treatment Service 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 treatment service is a process that helps to reduce the amount of medical waste that ends up in landfills. This service can help to prevent harmful bacteria and other contaminants from spreading through the environment. It can also help to ensure that medical waste is properly disposed of, which protects public health and the environment.
Some of the key players operating in the medical waste treatment service market are Waste Management (WM), Citiwaste, Sanpro Waste, MedPro Waste Disposal, Sharps Compliance, BioServeUSA, BioMedical Waste Solutions, PureWay Total Compliance, Medasend, Stericycle.
The medical waste treatment service 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 Treatment Service 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 Treatment Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Waste Treatment Service 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 Treatment Service 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 Treatment Service Market Size & Forecast, 2018-2028
4.5.1 Medical Waste Treatment Service Market Size and Y-o-Y Growth
4.5.2 Medical Waste Treatment Service Market Absolute $ Opportunity
Chapter 5 Global Medical Waste Treatment Service 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 Treatment Service Market Size Forecast by Type
5.2.1 Infectious Waste
5.2.2 Human pathological waste
5.2.3 Blood Products
5.2.4 Contaminated Personal Protective Equipment
5.2.5 Biohazard Waste
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Waste Treatment Service 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 Treatment Service Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Dialysis Centers
6.2.3 Private Physicians
6.2.4 Dentist Offices
6.2.5 Nursing Homes
6.2.6 Funeral Homes
6.2.7 Alcohol and Drug Rehab Centers
6.2.8 Animal Hospitals and Clinics
6.2.9 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Waste Treatment Service 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 Treatment Service 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 Treatment Service Analysis and Forecast
9.1 Introduction
9.2 North America Medical Waste Treatment Service 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 Treatment Service Market Size Forecast by Type
9.6.1 Infectious Waste
9.6.2 Human pathological waste
9.6.3 Blood Products
9.6.4 Contaminated Personal Protective Equipment
9.6.5 Biohazard Waste
9.6.6 Other
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 Treatment Service Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Dialysis Centers
9.10.3 Private Physicians
9.10.4 Dentist Offices
9.10.5 Nursing Homes
9.10.6 Funeral Homes
9.10.7 Alcohol and Drug Rehab Centers
9.10.8 Animal Hospitals and Clinics
9.10.9 Other
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 Treatment Service Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Waste Treatment Service 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 Treatment Service Market Size Forecast by Type
10.6.1 Infectious Waste
10.6.2 Human pathological waste
10.6.3 Blood Products
10.6.4 Contaminated Personal Protective Equipment
10.6.5 Biohazard Waste
10.6.6 Other
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 Treatment Service Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Dialysis Centers
10.10.3 Private Physicians
10.10.4 Dentist Offices
10.10.5 Nursing Homes
10.10.6 Funeral Homes
10.10.7 Alcohol and Drug Rehab Centers
10.10.8 Animal Hospitals and Clinics
10.10.9 Other
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 Treatment Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Waste Treatment Service 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 Treatment Service Market Size Forecast by Type
11.6.1 Infectious Waste
11.6.2 Human pathological waste
11.6.3 Blood Products
11.6.4 Contaminated Personal Protective Equipment
11.6.5 Biohazard Waste
11.6.6 Other
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 Treatment Service Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Dialysis Centers
11.10.3 Private Physicians
11.10.4 Dentist Offices
11.10.5 Nursing Homes
11.10.6 Funeral Homes
11.10.7 Alcohol and Drug Rehab Centers
11.10.8 Animal Hospitals and Clinics
11.10.9 Other
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 Treatment Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Waste Treatment Service 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 Treatment Service Market Size Forecast by Type
12.6.1 Infectious Waste
12.6.2 Human pathological waste
12.6.3 Blood Products
12.6.4 Contaminated Personal Protective Equipment
12.6.5 Biohazard Waste
12.6.6 Other
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 Treatment Service Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Dialysis Centers
12.10.3 Private Physicians
12.10.4 Dentist Offices
12.10.5 Nursing Homes
12.10.6 Funeral Homes
12.10.7 Alcohol and Drug Rehab Centers
12.10.8 Animal Hospitals and Clinics
12.10.9 Other
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 Treatment Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Waste Treatment Service 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 Treatment Service Market Size Forecast by Type
13.6.1 Infectious Waste
13.6.2 Human pathological waste
13.6.3 Blood Products
13.6.4 Contaminated Personal Protective Equipment
13.6.5 Biohazard Waste
13.6.6 Other
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 Treatment Service Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Dialysis Centers
13.10.3 Private Physicians
13.10.4 Dentist Offices
13.10.5 Nursing Homes
13.10.6 Funeral Homes
13.10.7 Alcohol and Drug Rehab Centers
13.10.8 Animal Hospitals and Clinics
13.10.9 Other
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 Treatment Service Market: Competitive Dashboard
14.2 Global Medical Waste Treatment Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Waste Management (WM)
14.3.2 Citiwaste
14.3.3 Sanpro Waste
14.3.4 MedPro Waste Disposal
14.3.5 Sharps Compliance
14.3.6 BioServeUSA
14.3.7 BioMedical Waste Solutions
14.3.8 PureWay Total Compliance
14.3.9 Medasend
14.3.10 Stericycle
