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Medical Waste Management Market - Global Industry Analysis

Medical Waste Management Market By Type (Non-Hazardous Waste And Hazardous Waste) And By Treatment (Incineration, Autoclaving, Chemical Treatment And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 26-Jul-2021 Category: Healthcare Report Format : PDF Pages: 120 Report Code: ZMR-287 Status : Published

The global Medical Waste Management Market accounted for USD 14.90 Billion in 2020 and is expected to reach USD 22.17 Billion by 2028, growing at a CAGR of 4.9% from 2021 to 2028.

Description

Market Overview   

The global Medical Waste Management Market  accounted for USD 14.90 Billion in 2020 and is expected to reach USD 22.17 Billion by 2028, growing at a CAGR of 4.9% from 2021 to 2028.    

The Medical Waste Management Market  is boosted majorly by the rapidly rising number of the aging population everywhere on the planet. Also to the present, rising initiatives by government organizations are that the major factor for powering the event of the Medical Waste Management Market. aside from this, advanced technology and research are among the various factors, which are directly in charge of towering the event of the Medical Waste Management Market. For instance, in February 2018 ECCC (Environment and global climate change Canada) planned to roll out its new notice processing system (named as WIETS equivalent system). This, in turn, boosted the worldwide Medical Waste Management Market.

On the opposite hand, the requirement of high capital investment may be a major hindering factor, which directly hampers the event of the Medical Waste Management Market. Nevertheless, in-progress research and development within the healthcare industry paired with an untapped market of Asia Pacific are anticipated to open growth opportunities for the Medical Waste Management Market within the years to return.

COVID-19 Impact Analysis:

Worldwide, there's a growing concern about the negative effects of infectious Nonhazardous Waste  produced during the COVID-19 pandemic and therefore the contamination risks related to waste management. The COVID-19 pandemic has triggered diseases and deaths, created immense confusion for the world, and modified the solid waste management profile. This pandemic changed the behavioral and consumption patterns of people, resulting in a sudden change in the generation amount, composition, and disposal rate of municipal solid waste (MSW), depending on location. Therefore, measures to make sure that Nonhazardous Waste is managed safely and in an environmentally sound manner will avoid negative health and environmental effects from such waste, thus protecting the health of patients, doctors, and therefore the public generally. However, lack of awareness regarding health hazards associated with Nonhazardous Waste  may hinder the market growth.

Growth Factors

In recent years, there has been an unceasing rise in life expectancy and more attention to quality. Consumers are progressively becoming more aware of their health and have started paying more attention to their lifestyles, hygiene and healthy diets, which has rushed the demand for Medical Waste Management  across the globe. Also, the young generation giving more importance to their fitness may drive the market growth in a positive way within the near future. Growing interest, increasing healthcare expenditure, and rising awareness among people regarding proper waste management which advances a system are a number of the key factors boosting the worldwide Medical Waste Management Market .

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview

The type market includes nonhazardous waste and hazardous waste. The hazardous waste is further segmented into infectious and pathological waste, pharmaceutical waste, and other Nonhazardous Waste . Based on treatment, the global Medical Waste Management Market  is divided into autoclaving, incineration, and other treatments including chemical treatment. Autoclaving treatment rules the global Nonhazardous Waste  treatment market and is likely to develop at the uppermost CAGR with 5.4% amongst the entire division in the years to come. This development is mainly credited due to the different effects and characteristics offered by autoclaving.

Regional Analysis Preview

North America was the dominating area for the Medical Waste Management Market in 2020 in terms of income creation. North America was chased by Europe on the back of the availability of enhanced infrastructure and technology. North America adds up to almost 40% of the entire market share for the global Medical Waste Management Market. In addition to this, the Medical Waste Management Market has a huge chance in up-and-coming areas such as Latin America and the Asia Pacific owing to the government & public awareness, government initiatives, increasing aging population, and healthcare infrastructure.

Key Market Players & Competitive Landscape

Some of the key vendors of the global Medical Waste Management Market  include BioNonhazardous Waste  Solutions, LLC, Clean Harbors, Inc., Daniels Sharpsmart, Inc., REMONDIS Medison GmbH, Republic Services, Inc., Sharps Compliance, Inc., Stericycle, Inc., Suez Environnement S.A., Veolia Environnement S.A., and Waste Management, Inc.

The global Medical Waste Management   market is segmented as follows:  

By Treatment

  • Incineration
  • Autoclaving
  • Chemical Treatment
  • Other Treatments

By Type

  • Nonhazardous Waste
  • Hazardous Waste

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Treatment
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Medical Waste Management Market , 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Medical Waste Management Market – Treatment Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Incineration
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Autoclaving
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Chemical Treatment
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Other Treatments
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Medical Waste Management Market – Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Treatment, 2020 & 2028
    • 5.2. Nonhazardous Waste
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Hazardous Waste
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Medical Waste Management Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Treatment, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Treatment, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Treatment, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Treatment, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Treatment, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Treatment, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Treatment, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Treatment, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Treatment, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Treatment, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Treatment, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Treatment, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Treatment, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Treatment, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Treatment, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Treatment, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Treatment, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Treatment, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Treatment, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Treatment, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Treatment, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Treatment, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Treatment, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Treatment, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Treatment, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Treatment, 2016 – 2028
  • Chapter No. 7: Medical Waste Management Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. By Treatment Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Medical Waste Management Market : Company Market Share, 2019
      • 8.1.2. Global Medical Waste Management Market , Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Medical Waste Management Market , Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Medical Waste Management Market : Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. BioMedical Waste Sulutions, LLC,
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Clean Harbors, Inc.
    • 9.3. Daniels Sharpsmart, Inc.
    • 9.4. REMONDIS Medison GmbH
    • 9.5. Republic Services, Inc.
    • 9.6. Sharps Compliance, Inc.
    • 9.7. Stericycle, Inc.
    • 9.8. Suez Environnement S.A.
    • 9.9. Veulia Environnement S.A.
    • 9.10. Waste Management, Inc.
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Treatment
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Medical Waste Management Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Treatment, 2020 & 2028 
FIG NO. 7. Global Medical Waste Management Market for Incineration, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Medical Waste Management Market for Incineration, By Country, 2020 & 2028
FIG NO. 9. Global Medical Waste Management Market for Autoclaving, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Medical Waste Management Market for Autoclaving, By Country, 2020 & 2028
FIG NO. 11. Global Medical Waste Management Market for Chemical Treatment, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Medical Waste Management Market for Chemical Treatment, By Country, 2020 & 2028
FIG NO. 13. Global Medical Waste Management Market for Other Treatments, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Medical Waste Management Market for Other Treatments, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 16. Global Medical Waste Management Market for Nonhazardous Waste, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Medical Waste Management Market for Nonhazardous Waste, By Country, 2020 & 2028 
FIG NO. 18. Global Medical Waste Management Market for Hazardous Waste, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Medical Waste Management Market for Hazardous Waste, By Country, 2020 & 2028
FIG NO. 20. Global Medical Waste Management Market Revenue Share, By Region, 2020 & 2028
FIG NO. 21. North America Medical Waste Management Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 22. Porter’s Five Forces Analysis for Global Medical Waste Management Market 
FIG NO. 23. PEST Analysis for Global Medical Waste Management Market 
FIG NO. 24. Pricing Analysis for Global Medical Waste Management Market 
FIG NO. 25. Value Chain Analysis for Global Medical Waste Management Market 
FIG NO. 26. Company Share Analysis, 2019
FIG NO. 27. Radar Determinant Chart, 2019
FIG NO. 28. Company Strategic Developments – Heat Map Analysis
FIG NO. 29. Business Segment Revenue Share, 2020 (%)
FIG NO. 30. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 31. Market Channels
FIG NO. 32. Marketing Channel Development Trend
FIG NO. 33. Growth in World Gross Product, 2008-2018
FIG NO. 34. Research Methodology – Detailed View
FIG NO. 35. Research Methodology
 


List of Tables 

TABLE NO. 1. Global Medical Waste Management Market : Snapshot
TABLE NO. 2. Quarterly Medical Waste Management Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Medical Waste Management Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Medical Waste Management Market for Incineration, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Medical Waste Management Market for Autoclaving, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Medical Waste Management Market for Chemical Treatment, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Medical Waste Management Market for Other Treatments, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Medical Waste Management Market for Nonhazardous Waste, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Medical Waste Management Market for Hazardous Waste, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12 Global Medical Waste Management Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Medical Waste Management Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America Medical Waste Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Medical Waste Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. U.S. Medical Waste Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. Medical Waste Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. Canada Medical Waste Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada Medical Waste Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico Medical Waste Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. Mexico Medical Waste Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. Drivers for the Medical Waste Management Market : Impact Analysis
TABLE NO. 23. Restraints for the Medical Waste Management Market : Impact Analysis
TABLE NO. 24. Major Buyers 
TABLE NO. 25. Distributors/Traders List 
TABLE NO. 26. Global Medical Waste Management Market , Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 27: Global Medical Waste Management Market , Company Y-o-Y Growth, 2017 – 2019 (USD Billion)  

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Medical Waste Management market. Zion Research has collected and analyzed key data belong to the global Medical Waste Management market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Medical Waste Management across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Medical Waste Management industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Medical Waste Management market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Medical centers including hospitals, laboratories, clinics and various places where diagnosis and treatment are carried out generate waste that can be highly hazardous. These waste put people at risk of fatal diseases. However, the understanding of medical waste management and control techniques is important. Proper method used in today scenario for decomposing medical waste includes incineration, autoclaving, chemical treatment and others

Globally, medical waste management market has been accelerated by increasing/rising numbers of aging population (which serves as patient) across the globe. Moreover, the large amount of waste generated are the key factors for fueling the growth of medical waste management market. Furthermore, increasing initiatives by government authorities for the management of medical waste are also considered for the growth of medical waste management market. However, high capital investment is a key limiting factor which directly affects the growth of medical waste management market. Nonetheless, ongoing research and technological advancement in the healthcare sector are expected to open growth avenues for the medical waste management market over the years.

Based on the type, the global market for medical waste management is bifurcated into two types: nonhazardous waste and hazardous waste. The hazardous waste is further segmented into infectious and pathological waste, pharmaceutical waste and other medical waste. Global medical waste management market is dominated by nonhazardous waste. Nonhazardous waste is the biggest market and acquires 85% of the world market of medical waste management. However, hazardous waste accounts for only 15% of market shares in terms of revenue.

Based on treatment, the global market for medical waste management is bifurcated into four types: incineration, autoclaving, chemical treatment and other treatments. Autoclaving dominates the market of medical waste management based on treatment in terms of revenue and accounts for approximately 40% of market share in 2014. Autoclaving is a most appropriate method for decomposing the medical waste. Autoclaving was followed by incineration.

Based on geographies, the global market for medical waste management market is bifurcated into five types: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These segments are further bifurcated into the U.S., UK, Germany, France, China, Japan, India, and Brazil. North America was the leading regional segments of medical waste management market in 2014 followed by Europe, as this region associated with advanced technology coupled with the rapid rising of the population in this region. Moreover, technological advancement and large numbers of big hospitals (bed numbers) account for market growth. The medical waste management is expected to witness the highest growth in Asia-Pacific region in the upcoming years due presence of large patient base coupled with the increase in of health care expenditure.

Key participants operating in the global medical waste management market include BioMedical Waste Solutions, LLC, Clean Harbors, Inc., Daniels Sharpsmart, Inc., REMONDIS Medison GmbH, Republic Services, Inc., Sharps Compliance, Inc., Stericycle, Inc., Suez Environnement S.A., Veolia Environnement S.A., and Waste Management, Inc.

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FrequentlyAsked Questions

The global Medical Waste Management Market  was valued at USD 14.90 billion in 2020.

The global Medical Waste Management Market  is expected to reach USD 22.17 billion by 2028, growing at a CAGR of 4.9% between 2021 to 2028.

People preferring to prevent diseases by maintaining hygiene, healthy and nutritional Hazardous Waste rather than keeping ill due to various diseases may act as the growth factor of the global market. 

North America in 2020 ruled the  Medical Waste Management Market  and was believed to be the highest income-generating area all over the globe.  

Some of the key vendors of the global Medical Waste Management Market include BioNonhazardous Waste Solutions, LLC, Clean Harbors, Inc., Daniels Sharpsmart, Inc., REMONDIS Medison GmbH, Republic Services, Inc., Sharps Compliance, Inc., Stericycle, Inc., Suez Environnement S.A., Veolia Environnement S.A., and Waste Management, Inc.

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