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Medical Waste Management: Global Strategic Business Report

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    Report

  • 271 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 347977

Global Medical Waste Management Market to Reach $21 Billion by 2030

The global market for Medical Waste Management estimated at US$14.8 Billion in the year 2022, is projected to reach a revised size of US$21 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2022-2030. Collection, Transportation & Storage Services, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$9.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Treatment & Disposal Services segment is readjusted to a revised 4.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 4.1% CAGR

The Medical Waste Management market in the U.S. is estimated at US$4.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 4.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Select Competitors (Total 38 Featured) -

  • Biomedical Waste Solutions LLC
  • Bondtech Corporation
  • BWS Inc.
  • Clean Harbors Inc.
  • Cleanaway Waste Management Limited
  • Daniels Health USA
  • Gamma Waste Systems
  • Hawaii Bio-Waste Systems Inc.
  • MedWaste Management
  • San-I-Pak Pacific Inc.
  • Sharps Compliance Inc.
  • Stericycle Inc.
  • STI BioSAFE
  • SUEZ Recycling & Recovery Pty Ltd
  • the Mark-Costello Co.
  • Waste Management Inc.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Medical Waste Management

What is the estimated value of the Global Market for Medical Waste Management?

The Global Market for Medical Waste Management was estimated to be valued at $14.8 Billion in 2022.

What is the growth rate of the Global Market for Medical Waste Management?

The growth rate of the Global Market for Medical Waste Management is 4.5%, with an estimated value of $21 Billion by 2030.

What is the forecasted size of the Global Market for Medical Waste Management?

The Global Market for Medical Waste Management is estimated to be worth $21 Billion by 2030.

Who are the key companies in the Global Market for Medical Waste Management?

Key companies in the Global Market for Medical Waste Management include Biomedical Waste Solutions LLC, Bondtech Corporation, BWS Inc., Clean Harbors Inc., Cleanaway Waste Management Limited, Daniels Health USA, Gamma Waste Systems, Hawaii Bio, Waste Systems Inc. and MedWaste Management.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Medical Waste Developing into a Major Issue Worldwide
  • Types of Medical Wastes: An Insight
  • Bio-medical Waste Sources
  • Diseases Associated with Biomedical Waste
  • Recent Market Activity
  • Current and Future Analysis
  • The United States Dominates, Asia-Pacific Witnesses Fastest Growth
  • Waste Management Technologies
  • Offsite Waste Management Continues to Dominate
  • Hospital and Big Pharma/Biotech Companies Produce the Largest Quantity of Medical Waste
  • Major Players
  • Sophisticated Techniques and Increased Awareness - Need of the Hour
  • Medical Waste Management - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • Biomedical Waste Solutions, LLC. (USA)
  • Bondtech Corporation (USA)
  • BWS, Inc. (USA)
  • Clean Harbors, Inc. (USA)
  • Cleanaway Waste Management Limited (Australia)
  • Daniels Health USA (USA)
  • Gamma Waste Systems (USA)
  • Hawaii Bio-Waste Systems, Inc. (USA)
  • MedWaste Management (USA)
  • REMONDIS Medison GmbH (Germany)
  • San-I-Pak Pacific, Inc. (USA)
  • Sharps Compliance, Inc. (USA)
  • Stericycle, Inc. (USA)
  • STI BioSAFE (USA)
  • SUEZ Recycling & Recovery Pty Ltd (Australia)
  • The Mark-Costello Co. (USA)
  • Veolia Environmental Services (UK)
  • Waste Management, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Aging Global Population Drives Demand for Medical Waste Management
  • Increasing Healthcare Spending Propels Market Growth
  • Increasing Volume of Waste Drives the Need for Waste Management
  • Increasing Shift towards Disposables Drives Medical Waste Management Market
  • Governments, NGOs, and Global Level Organizations Do their Bit to Raise Awareness
  • WHO Recommended Segregation and Collection Scheme
  • Increased Government Efforts to Manage Medical Wastes
  • Waste Reduction at Source - The New Approach
  • Recycling Witnesses Fast Growth
  • Automated Guided Vehicle Systems Gain in Popularity
  • Ban on Medical Waste Incinerators in the US Triggers Growth
  • Autoclave and Steam Sterilization Technology Grow in Popularity
  • Utilizing Waste for Energy Generation - An Emerging Trend
  • Outsourcing of Medical Waste Management on the Rise
  • Reprocessing - An Effective Medical Waste Management Solution
  • Pre-Treatment of Waste with Disinfectants
  • Medical Waste Management Companies Go Green
  • Centralized Approach of Treating Medical Waste - The Most Preferred Option
  • Smart Solutions for Management of Biomedical Waste - The Future
  • ISSUES & GROWTH INHIBITORS
  • List of Standard Treatment for Biomedical Waste Categories
  • Action Plans to Boost Prospects
  • Alternative Technologies - Issues Remain
  • Comparison of Various Parameters among Various Medical Waste Treatment Technologies
  • Mechanical/Chemical Treatment Technology & Environmental Safety Issues
  • Microwave Irradiation - High Costs Involved
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Medical Waste Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Medical Waste Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Medical Waste Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Collection, Transportation & Storage Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Collection, Transportation & Storage Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Collection, Transportation & Storage Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Treatment & Disposal Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Treatment & Disposal Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Treatment & Disposal Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Recycling Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Recycling Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Recycling Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Non-Hazardous Waste by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Non-Hazardous Waste by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Non-Hazardous Waste by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Hazardous Waste by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Hazardous Waste by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Hazardous Waste by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Offsite by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Offsite by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Offsite by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Onsite by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Onsite by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Onsite by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 25: World Medical Waste Management Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Medical Waste Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Medical Waste Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Medical Waste Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Medical Waste Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Medical Waste Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Medical Waste Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Medical Waste Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Medical Waste Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Biomedical Waste Solutions LLC
  • Bondtech Corporation
  • BWS Inc.
  • Clean Harbors Inc.
  • Cleanaway Waste Management Limited
  • Daniels Health USA
  • Gamma Waste Systems
  • Hawaii Bio-Waste Systems Inc.
  • MedWaste Management
  • San-I-Pak Pacific Inc.
  • Sharps Compliance Inc.
  • Stericycle Inc.
  • STI BioSAFE
  • SUEZ Recycling & Recovery Pty Ltd
  • the Mark-Costello Co.
  • Waste Management Inc.