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Medical Waste Management Market Size to Reach $11.92 billion in 2030

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The medical waste management market revenue share is set to grow at a yearly rate of 5.8% during 2021-2030, while its valuation is Projected to jump from $ 6.90 billion in 2020 to $11.92 billion in 2030.

The medical waste management market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2030.

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This research report evaluates the medical waste management market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global medical waste management market for the period from 2017 to 2030.

Growth Factors

Factors such as exponentially increasing volume of medical waste, rising geriatric population, increasing prevalence of chronic disorders such as cardiovascular diseases and diabetes, growing obese population, increasing requirement for sustainable and effective medical waste management, increasing focus of governments all over the world to tackle the issue of medical waste management, and increasing number of accidents are driving the growth of medical waste management market. Moreover, integration of latest technologies and growing investment by key manufacturers is driving the medical waste management market growth across the world. Additional features that are expected to fuel this business are increasing per capita healthcare expenditure and implementation of stringent regulations by governments related to medical waste management.

Above 65% of all deaths occur due to the five major chronic ailments viz., cancer, heart disease, diabetes stroke, and COPD. Chronic ailments are accountable for seven out of ten demises in the United States (more than 1.7 million individuals) each year. After heart ailments, cancer is the second predominant cause of demise in the U.S. Increasing elderly population, coupled with prevailing risk aspects (for example poor nutrition, absence of physical activity, and tobacco usage) and medical developments have led to the deduction that these difficulties are only going to amplify if not efficiently addressed over near future. The rising prevalence of chronic ailments is anticipated to result in a greater demand for healthcare devices, medicines, and equipment’s, which in turn is anticipated to bolster the progress of medical waste management industry over the forecast timeframe.

Market Report Scope

Report Highlights Details
Market Size US$ 11.92 Billion by 2030
Growth Rate CAGR of 5.8% From 2021 to 2030
Base Year 2020
Historic Data 2017-2020
Forecast Period 2021 to 2030
Segments Covered Treatment Type, Waste Type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global medical waste management market for the forecast period of 2021–2030. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global medical waste management market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • Among the treatment segment, incineration dominated the overall market in 2020. Incineration is the lone method employed for pathological scrap such as identifiable tissue and body parts that augments the segmental share. The chemical treatment segment is estimated to grow at the uppermost CAGR through the forecast duration.
  • Hazardous waste accounted for the major share in the end-user segment with more than 65% share in 2020 due to high volume of hazardous waste generation. Moreover, implementation of stringent regulations for the safe disposal of hazardous waste by governments all over the world is expected to boost the demand for hazardous waste management in the near future.
  • Stericycle Inc., Waste Management, Inc., and Clean Harbors accounted for a significant share of the global medical waste management market.
  • The report includes information for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the North America region dominated the worldwide market with a market share of higher than 42%.
  • Europe was the subsequent significant market chiefly due to high geriatric population. Presence of positive reimbursement scenario in the European region is also expected to lift the demand for medical waste management in the anticipated time-span.
  • The Asia Pacific region is projected to grow at the highest CAGR of around 6.8% in the estimate period due to increasing per capita healthcare expenditure and high number of accidents.
  • The U.S. indicated the highest slice in North America principally due to high incidence of cancer and early implementation of latest medical waste management techniques. Moreover, presence of major industry players and constant innovation also supported the high market portion of North America.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global medical waste management market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the medical waste management market include:

  • BioMedical Waste Solutions
  • Stericycle Inc.
  • Clean Harbors
  • Citiwaste
  • MedPro Waste Disposal
  • Sanpro
  • Waste Management, Inc.
  • Sharps Compliance, Inc.

Market Segmentation

By Treatment

  • Chemical Treatment
  • Autoclaving
  • Incineration
  • Others

By Waste Type

  • Hazardous
  • Nonhazardous

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the medical waste management in 2020?

What is the expected market size by 2030?

What is the medical waste management market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the medical waste management market?

Why Buy this Report?

The purpose of Precedence Research’s medical waste management market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Medical Waste Management Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Medical Waste Management Market

5.1. Covid-19: Medical Waste Management Industry Impact
5.2. Medical Waste Management Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Medical Waste Management Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Medical Waste Management Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Medical Waste Management Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Exponentially increasing volume of medical waste
6.1.1.2. Rising geriatric population
6.1.2. Market Restraints
6.1.2.1. Variations in regulatory status
6.1.3. Market Opportunities
6.1.3.1. Growing investment by key manufacturers
6.1.3.2. Increasing per capita healthcare expenditure

Chapter 7. Global Medical Waste Management Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Medical Waste Management Market Revenue by Market Players (2016 -2019)
7.1.1.2. Medical Waste Management Market Revenue Market Share by Market Players (2016 -2019)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Medical Waste Management Market, By Treatment

8.1. Medical Waste Management Market, by Treatment, 2017-2030
8.1.1. Chemical Treatment
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Autoclaving
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Incineration
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Medical Waste Management Market, By Waste Type

9.1. Medical Waste Management Market, by Waste Type, 2017-2030
9.1.1. Hazardous
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Nonhazardous
9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Medical Waste Management Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue Forecast by Treatment(2017-2030)
10.1.2. Market Revenue Forecast by Waste Type (2017-2030)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2017-2030)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2017-2030)
10.2. Europe
10.2.1. Market Revenue Forecast by Treatment (2017-2030)
10.2.2. Market Revenue Forecast by Waste Type (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2017-2030)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2017-2030)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Treatment (2017-2030)
10.3.2. Market Revenue Forecast by Waste Type (2017-2030)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2017-2030)
10.4. LATAM
10.4.1. Market Revenue Forecast by Treatment (2017-2030)
10.4.2. Market Revenue Forecast by Waste Type (2017-2030)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2017-2030)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2017-2030)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Treatment (2017-2030)
10.5.2. Market Revenue Forecast by Waste Type (2017-2030)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2017-2030)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2017-2030)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2017-2030)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2017-2030)

Chapter 11. Company Profiles

11.1. BioMedical Waste Solutions
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Treatment Details, Specification, Waste Type
11.1.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.1.4. Recent Developments and Strategies
11.2. Stericycle Inc.
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Treatment Details, Specification, Waste Type
11.2.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.2.4. Recent Developments and Strategies
11.3. Stericycle Inc.
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Treatment Details, Specification, Waste Type
11.3.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.3.4. Recent Developments and Strategies
11.4. Citiwaste
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Treatment Details, Specification, Waste Type
11.4.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.4.4. Recent Developments and Strategies
11.5. MedPro Waste Disposal
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Treatment Details, Specification, Waste Type
11.5.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.5.4. Recent Developments and Strategies
11.6. Sanpro
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Treatment Details, Specification, Waste Type
11.6.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.6.4. Recent Developments and Strategies
11.7. Waste Management, Inc.
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Treatment Details, Specification, Waste Type
11.7.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.7.4. Recent Developments and Strategies
11.8. Sharps Compliance, Inc.
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Treatment Details, Specification, Waste Type
11.8.3. Revenue, Price, and Gross Margin (2016 – 2019)
11.8.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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