Market Overview:
The global regulated medical waste service market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for safe and secure disposal of medical waste across the globe. In addition, the stringent regulations by government agencies regarding safe handling and disposal of medical waste are also fueling the growth of this market. Based on type, infectious medical 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 & clinics globally coupled with rising awareness about infectious diseases among people. Hazardous medical waste was second largest type segment in 2017 and is projected to grow at a CAGR of 5%. Radioactive Medical Waste was third largest type segment in 2017 and is projected grow at a CAGR 8%. Other types include chemical & pharmaceutical wastes, sharps wastes etc.
Product Definition:
A regulated medical waste service is a company that specializes in the safe and legal disposal of medical waste. The importance of a regulated medical waste service is that they are experts in handling and disposing of biohazardous material in a way that protects both the environment and public health.
Infectious Medical Waste:
Infectious medical waste is the waste that carries pathogens which can cause disease or infections. It includes blood, tissue, organs, fluids and swabs from infected wounds. The infectious medical waste is regulated by Infectious Waste Regulations 2005 as amended by Health (Infection Prevention & Control) Act 2008 in New Zealand and Australian Capital Territory Public Health Act 2016 in Australia.
The global market for Infectious Medical Waste Service was estimated at USD 1 billion in 2015.
Hazardous Medical Waste:
HMW is waste that poses a high risk of injury or illness to the patient if used or handled by an unskilled person. The types of HMW include sharps (nail clippings, needles, etc.), biohazards (urine, blood/lymphatic fluid, tissue), and pharmaceuticals (toxic drugs).
Regulated medical waste is generated from hospitals.
Application Insights:
The hospitals and clinics segment dominated the global market in 2017. This is attributed to the presence of a large number of hospitals and clinics across various regions, which generate regulated medical waste (RMW) on a regular basis. The RMW generated from these healthcare facilities is collected by private companies or government authorities, who then dispose them in an appropriate manner.
Hospitals are considered to be one of the highest risk generating institutions for any type of contamination during disposal activities. This has resulted in most developed countries opting for strict guidelines regarding bio-medical waste management at hospital level, which are followed by all disposal companies operating within these countries. However, with growing awareness about proper treatment methods being adopted by healthcare providers around the world, this industry may witness some growth opportunities over the forecast period as well as other applications serving similar purposes will also grow proportionately during this time frame.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high awareness levels amongst the population, and favorable government initiatives are some of the major factors responsible for its dominance. Furthermore, with an increase in R&D activities across various sectors including pharmaceuticals and biotechnology companies is expected to drive this regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing investments by governments in developing healthcare facilities along with a rise in public & private health expenditures every year since 2012 (The World Bank Group). In addition, growing medical tourism due to affordable treatment options offered by countries such as India & China is further expected boost this region’s growth prospects during future years.
Growth Factors:
- Increasing demand for Regulated Medical Waste Service from hospitals and clinics
- Rising awareness about the safe disposal of medical waste among healthcare professionals
- Proliferation of private healthcare facilities in developing countries
- Stringent government regulations on medical waste management
- Growing investment in research and development for innovative medical waste management technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Regulated Medical Waste Service Market Research Report
By Type
Infectious Medical Waste, Hazardous Medical Waste, Radioactive Medical Waste, Other
By Application
Hospitals & Clinics, Pharmacies & Chemists, Labs & Education, Other
By Companies
Stericycle, SRCL, American Waste Management Services, Inc. (AWMS), UMI, Excel Medical Waste, Veolia Environnement, Daniels Sharpsmart, Fortum, Bechtel, Westinghouse Electric Company LLC, Ecology Services, Inc. (ESI), Cyntox, ATI, MedWaste Management, Triumvirate Environmental, BioMedical Waste Solutions, TüV NORD GROUP, RILTA
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Regulated Medical Waste Service Market Report Segments:
The global Regulated Medical Waste Service market is segmented on the basis of:
Types
Infectious Medical Waste, Hazardous Medical Waste, Radioactive Medical 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 & Clinics, Pharmacies & Chemists, Labs & Education, 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:
- Stericycle
- SRCL
- American Waste Management Services, Inc. (AWMS)
- UMI
- Excel Medical Waste
- Veolia Environnement
- Daniels Sharpsmart
- Fortum
- Bechtel
- Westinghouse Electric Company LLC
- Ecology Services, Inc. (ESI)
- Cyntox
- ATI
- MedWaste Management
- Triumvirate Environmental
- BioMedical Waste Solutions
- TüV NORD GROUP
- RILTA
Highlights of The Regulated Medical Waste 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 Medical Waste
- Hazardous Medical Waste
- Radioactive Medical Waste
- Other
- By Application:
- Hospitals & Clinics
- Pharmacies & Chemists
- Labs & Education
- 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 Regulated Medical Waste 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.
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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?
Regulated medical waste service is a type of hazardous waste disposal that is regulated by the Environmental Protection Agency (EPA). This type of service typically handles medical wastes that are considered to be high-risk, such as infectious materials and chemotherapy drugs. These services often have strict guidelines for how these materials must be handled and disposed of, in order to protect the environment and public health.
Some of the major players in the regulated medical waste service market are Stericycle, SRCL, American Waste Management Services, Inc. (AWMS), UMI, Excel Medical Waste, Veolia Environnement, Daniels Sharpsmart, Fortum, Bechtel, Westinghouse Electric Company LLC, Ecology Services, Inc. (ESI), Cyntox, ATI, MedWaste Management, Triumvirate Environmental, BioMedical Waste Solutions, T¼V NORD GROUP, RILTA.
The regulated medical waste service market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Regulated Medical Waste 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 Regulated Medical Waste Service Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Regulated Medical Waste 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 Regulated Medical Waste 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 Regulated Medical Waste Service Market Size & Forecast, 2018-2028 4.5.1 Regulated Medical Waste Service Market Size and Y-o-Y Growth 4.5.2 Regulated Medical Waste Service Market Absolute $ Opportunity
Chapter 5 Global Regulated Medical Waste 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 Regulated Medical Waste Service Market Size Forecast by Type
5.2.1 Infectious Medical Waste
5.2.2 Hazardous Medical Waste
5.2.3 Radioactive Medical Waste
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Regulated Medical Waste 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 Regulated Medical Waste Service Market Size Forecast by Applications
6.2.1 Hospitals & Clinics
6.2.2 Pharmacies & Chemists
6.2.3 Labs & Education
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Regulated Medical Waste 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 Regulated Medical Waste 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 Regulated Medical Waste Service Analysis and Forecast
9.1 Introduction
9.2 North America Regulated Medical Waste 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 Regulated Medical Waste Service Market Size Forecast by Type
9.6.1 Infectious Medical Waste
9.6.2 Hazardous Medical Waste
9.6.3 Radioactive Medical Waste
9.6.4 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 Regulated Medical Waste Service Market Size Forecast by Applications
9.10.1 Hospitals & Clinics
9.10.2 Pharmacies & Chemists
9.10.3 Labs & Education
9.10.4 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 Regulated Medical Waste Service Analysis and Forecast
10.1 Introduction
10.2 Europe Regulated Medical Waste 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 Regulated Medical Waste Service Market Size Forecast by Type
10.6.1 Infectious Medical Waste
10.6.2 Hazardous Medical Waste
10.6.3 Radioactive Medical Waste
10.6.4 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 Regulated Medical Waste Service Market Size Forecast by Applications
10.10.1 Hospitals & Clinics
10.10.2 Pharmacies & Chemists
10.10.3 Labs & Education
10.10.4 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 Regulated Medical Waste Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Regulated Medical Waste 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 Regulated Medical Waste Service Market Size Forecast by Type
11.6.1 Infectious Medical Waste
11.6.2 Hazardous Medical Waste
11.6.3 Radioactive Medical Waste
11.6.4 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 Regulated Medical Waste Service Market Size Forecast by Applications
11.10.1 Hospitals & Clinics
11.10.2 Pharmacies & Chemists
11.10.3 Labs & Education
11.10.4 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 Regulated Medical Waste Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Regulated Medical Waste 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 Regulated Medical Waste Service Market Size Forecast by Type
12.6.1 Infectious Medical Waste
12.6.2 Hazardous Medical Waste
12.6.3 Radioactive Medical Waste
12.6.4 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 Regulated Medical Waste Service Market Size Forecast by Applications
12.10.1 Hospitals & Clinics
12.10.2 Pharmacies & Chemists
12.10.3 Labs & Education
12.10.4 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) Regulated Medical Waste Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Regulated Medical Waste 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) Regulated Medical Waste Service Market Size Forecast by Type
13.6.1 Infectious Medical Waste
13.6.2 Hazardous Medical Waste
13.6.3 Radioactive Medical Waste
13.6.4 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) Regulated Medical Waste Service Market Size Forecast by Applications
13.10.1 Hospitals & Clinics
13.10.2 Pharmacies & Chemists
13.10.3 Labs & Education
13.10.4 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 Regulated Medical Waste Service Market: Competitive Dashboard
14.2 Global Regulated Medical Waste Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stericycle
14.3.2 SRCL
14.3.3 American Waste Management Services, Inc. (AWMS)
14.3.4 UMI
14.3.5 Excel Medical Waste
14.3.6 Veolia Environnement
14.3.7 Daniels Sharpsmart
14.3.8 Fortum
14.3.9 Bechtel
14.3.10 Westinghouse Electric Company LLC
14.3.11 Ecology Services, Inc. (ESI)
14.3.12 Cyntox
14.3.13 ATI
14.3.14 MedWaste Management
14.3.15 Triumvirate Environmental
14.3.16 BioMedical Waste Solutions
14.3.17 TüV NORD GROUP
14.3.18 RILTA