Medical Waste Management Market by Form of Waste (Pathological Waste, Pharmaceutical Waste), by Waste Source (Medical Institutes, Dental Clinics), by Service (Collection & Segregation, Storage & Transportation), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2019 to 2027)

Medical Waste Management Market - Global Industry Analysis and Forecast 2020 to 2027

MEDICAL WASTE MANAGEMENT MARKET: Summary

The Global Medical Waste Management Market is projected to register growth and reach USD 19.5 Billion with a CAGR of 5.3% within the study period.

Medical waste or healthcare waste can be termed as any kind of the waste material generated at the time of medical procedures, diagnosis, treatment or research carried on human or animals. Source of medical waste generation ranges from blood banks, dental clinics, medical laboratory, research facilities to hospitals and diagnostic centers. Medical waste management including procedures or services including the collection, handling, disinfection/sterilization, and disposal of the waste in order to eradicate any chance of infection.   

Medical Waste Management Market

 MEDICAL WASTE MANAGEMENT MARKET: Drivers & OPPORtunity

Market Driver:

  • Growth in Infectious Diseases

Growing healthcare industry leads to the production of medical waste resulting in adverse health effects. The outbreak of the infectious diseases creates an enormous burden on both, public health as well as economic stability. Such diseases contribute to the leading cause of death and disability worldwide hampering health and human progress. Rapid rise in the prevalence of tuberculosis, influenza, diphtheria, HIV/AIDS and some zoonotic diseases. The World Health Organization (WHO) reveals that it is one of the leading cause of death worldwide. It further stated that in 2018, approximately 1.5 million died from tuberculosis (TB), and around 10 million of the global population suffered by TB, including 5.7 million men, 3.2 million women and 1.1 million children. The demand for medical waste management market gained a rapid pace owing to the outbreak of SARS-CoV-2 virus (COVID-19). With the high transmission rate of the COVID-19, the need for appropriate waste management becomes vital. Thus, the prevalence of infectious diseases is expected to drive the market growth.

 

Market Restraint:

  • High Set Up Cost

Appropriate disposal of the healthcare waste requires specialized set up which can disinfect and then dispose of the hazardous waste. It includes incinerators equipped with automatic loading and de-ashing system. Construction of the medical waste incineration plant includes the cost of the land, site preparation, architectural and legal fees. The cost further adds expenditure related to waste storage room, incinerator building, water collation trucks, storage charges and another equipment cost. Due to hidden cost and the relatively high price of the incinerators, the overall set up cost of the medical waste management rises. Abovfementioned factors are projected to hamper medical waste management market growth up to a certain extent .

 

MEDICAL WASTE MANAGEMENT market: Key segments

  • Segmentation based on form of waste: Hazardous and Non-Hazardous
  • Segmentation based on waste source: Medical Institutes, Dental Clinics, Veterinary Clinics, Nursing Home, and Others
  • Segmentation based on service: Collection and Segregation, Storage and Transportation and Treatment and Disposal
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

 

MEDICAL WASTE MANAGEMENT MARKET: Report SCOPE

The report on the Medical Waste Management market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Service, Form of Waste, Waste Source, nd Region 

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

  • Stericycle (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Veolia
  • BWS Incorporated
  • MEDPRO Disposal, LLC
  • CNIM Group
  • Waste Management Inc.
  • Daniels Health
  • REMONDIS SE & Co. KG
  • BioMedical Waste Solutions, LLC
  • Clean Harbors Inc.
  • Republic Services, Inc.
  • BioServ, Inc.
  • EcoMed
  • Sharps Compliance, Inc. 
  • GRP & Associates, Inc. 
  • Gamma Waste Services
  • Other Key Companies

MEDICAL WASTE MANAGEMENT MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Medical Waste Management Market, by Service

  • Collection and Segregation
  • Storage and Transportation
  • Treatment and Disposal

Medical Waste Management Market, by Form of Waste

  • Hazardous
    • Pathological Waste
    • Pharmaceutical Waste
    • Genotoxic Waste
    • Radioactive Waste
  • Non-Hazardous

Medical Waste Management Market, by Waste Source

  • Medical Institutes
  • Dental Clinics
  • Veterinary Clinics
  • Nursing Home
  • Others

Medical Waste Management Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Belgium
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Peru
    • Chile
    • Rest of South America

Key Questions answered by the report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Medical Waste Management Market Providers
  • Medical Waste Management Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of MEDICAL WASTE MANAGEMENT Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MEDICAL WASTE MANAGEMENT MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growth in Infectious Diseases
      2. Increasing Prevalence of Surgeries
      3. Hazards Associated with Medical Waste
      4. Strict Mandates On Appropriate Medical Waste Disposal and Management
    3. Restraint
      1. High Set Up Cost
    4. Opportunities
      1. Adoption of Advanced Disposal Technologies
      2. Internet-Of-Things in Waste Management
    5. Challenges
      1. Low Awareness and Inadequate Training
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY SERVICE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Collection and Segregation
    3. Storage and Transportation
    4. Treatment and Disposal
  7. GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY FORM OF WASTE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hazardous
      1. Pathological Waste
      2. Pharmaceutical Waste
      3. Genotoxic Waste
      4. Radioactive Waste
    3. Non-Hazardous
  8. GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Medical Institutes
    3. Dental Clinics
    4. Veterinary Clinics
    5. Nursing Home
    6. Others
  9. GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Indonesia
      6. Malaysia
      7. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. South Africa
      5. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Peru
      4. Chile
      5. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. Stericycle
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Veolia
    3. BWS Incorporated
    4. MEDPRO Disposal, LLC
    5. CNIM Group
    6. Waste Management Inc.
    7. Daniels Health
    8. REMONDIS SE & Co. KG
    9. BioMedical Waste Solutions, LLC
    10. Clean Harbors Inc.
    11. Republic Services, Inc.
    12. BioServ, Inc.
    13. EcoMed
    14. Sharps Compliance, Inc. 
    15. GRP & Associates, Inc. 
    16. Gamma Waste Services
    17. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : HC 034

Published : September, 2020


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