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Medical Waste Management Market - Forecast (2020 - 2025)

  • ID: 3339510
  • Report
  • March 2020
  • Region: Global
  • 118 pages
  • IndustryARC
Medical Waste Management Market Overview

Medical waste is a solid or liquid waste generated during the diagnosis, treatment, and immunization of humans or animals from health facilities (such as hospitals, pharmaceuticals, nursing homes, medical offices, and others). Various treatment options exist for the management of medical waste. Although incineration is the preferred option, there are several environmental pollution issues. The market is estimated to grow at a CAGR of 5.3% during the forecast period 2018–2025. The Asia-Pacific Medical Waste Management market is forecast to grow at the highest CAGR of 6.5%, which can be mainly attributed to the not-so-stringent government regulations in the APAC countries, such as Japan, China. and India.

Medical Waste Management Market Outlook

Management of the medical waste depends upon the effective waste segregation. If  segregation is not proper, then there is always a chance of small quantity of hazardous waste getting mixed with large quantity of medical waste, making the complete volume into hazardous waste. There are various types of waste in the Medical Waste Management market such as sharps, chemical waste, pathological waste, industrial waste, and other waste types. Companies are coming up with innovative technologies to manage medical waste, which pose low threat to mankind, flora, and fauna. The Medical Waste Management market is segmented on the basis of waste type, treatment technology, services, treatment site, nature of waste, and waste generator. The market has been analyzed on the basis of its geographic region comprising of North America, South America, Europe, Asia-Pacific, and Rest of the World.

Medical Waste Management Market Growth Drivers

In order to ensure safety from hazardous waste, governments in different countries regulate proper methods of handling and disposal. In the U.S., medical waste is regulated under the Resource Conservation and Recovery Act (RCRA) and the European Commission in Europe by the Environmental Protection Agency. This regulation leads to the efficient management of health facilities' medical waste. The demand for the use of environmental-friendly and cost-effective non-incineration technologies is increasing as serious problems, such as the emission of toxins into the air using incineration technology, are considered to be the primary method for the treatment of medical waste. This innovative technology for medical waste is driving the overall market growth.

Medical Waste Management Market Challenges

In the U.S. and European countries, due to strict regulations, most medical waste management service providers require permits, approvals, certificates, and other types of government permits from all jurisdictions in which they operate. Regulated waste disposal costs 10 times as much as unregulated waste disposal. As the quantity of medical waste produced increases, reducing regulated medical waste from health facilities is a challenge.

Medical Waste Management Market Research Scope

The base year of the study is 2017, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Medical Waste Management market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the waste types, services, nature of wastes, treatment site, and treatment technology.

Medical Waste Management Market Report: Industry Coverage

By Waste Type: Sharps, pathological waste, pharmaceutical waste, chemical waste, infectious waste, gene toxic waste, and others

By Treatment Technology: Non-incineration system and incineration system

By Services: Disposal, recycling, and other processing and collection, transportation & storage

By Treatment Sites: Offsite and onsite

By Nature of Wastes: Non-hazardous and hazardous

By Waste Generator: Hospitals, retail pharmacy, laboratories, blood banks, research institutions, and others

The Medical Waste Management market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Argentina, Ecuador, Peru, Colombia and Rest of South America

Europe: The U.K., Germany, Italy, and Rest of Europe

APAC: China, Japan, South Korea, India, and Rest of APAC

RoW: The Middle East & Africa

Medical Waste Management Market Trends

  • The growing number of government initiatives drives the medical waste management market.
  • Medical waste management depends on the effective waste segregation. If segregation is not proper, then there is always a chance of small quantity of hazardous waste getting mixed with large quantity of medical waste, making the complete volume into hazardous waste.
  • There is a growing demand of managing medical waste among the service providers. Because of high operation costs to maintain the equipment in the hospital and also due to the risk of infection and air pollution for the patients and healthcare workers in the hospital, majority of the hospitals are trying to shift to off-site mode of treatment of medical waste, owing to which there is a huge demand amongst the service providers.

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1. Medical Waste Management Market – Market Overview
1.1. Definitions and Scope

2. Medical Waste Management Market – Executive Summary
2.1. Market Revenue, Market Size and Key Trends

3. Medical Waste Management Market – Comparative Analysis
3.1. Comparative analysis
3.1.1. Product Benchmarking – Key Companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value Split by Key Companies
3.1.4. Patent Analysis – Top 10 companies
3.1.5. Pricing Analysis

4. Medical Waste Management Market – Startup Companies Scenario
4.1. Investment
4.2. Revenue
4.3. Venture Capital and Funding Scenario

5. Medical Waste Management Market – Market Forces
5.1. Drivers
5.2. Constraints & Challenges
5.3. Porter’s Five Force Model
5.3.1. Bargaining Power of Suppliers
5.3.2. Bargaining Power of Customers
5.3.3. Threat of New Entrants
5.3.4. Rivalry Among Existing Players
5.3.5. Threat of Substitutes

6. Medical Waste Management Market – Strategic Analysis
6.1. Value Chain Analysis
6.2. Opportunities Analysis
6.3. Market Life Cycle

7. Medical Waste Management Market – By Waste Type (Market Size - $Million/$Billion)
7.1. Market Size and Market Share Analysis
7.2. Waste Type Segment Analysis
7.3. Sharps
7.3.1. Needles
7.3.2. Infusion Sets
7.3.3. Scalpels
7.3.4. Knives
7.3.5. Blades
7.4. Chemical Wastes
7.4.1. Lab Reagents
7.4.2. Disinfectants
7.4.3. Solvents
7.5. Pathological Waste
7.5.1. Body Parts
7.5.2. Blood and Other Fluids
7.6. Pressurized Containers
7.6.1. Gas Cylinders
7.6.2. Cartridges and Aerosol Cans
7.7. Infectious Waste
7.7.1. Lab Cultures
7.7.2. Waste from Isolation Wards
7.7.3. Tissues
7.7.4. Others
7.7. Pharmaceutical Waste
7.8. Gene Toxic Waste
7.9.1. Cytotoxic Drugs
7.9.2. Gene Toxic Chemicals
7.10. Waste with Heavy Metal Content
7.10.1. Heavy Metal Content Barrier
7.10.2. Broken Thermometers
7.10.3. Blood Pressure Gauges
7.10.4. Others

8. Medical Waste Management Market – By Treatment Technology (Market Size - $Million/$Billion)
8.1. Market Size and Market Share Analysis
8.2. Treatment Technology Segment Analysis
8.3. Non-Incineration System
8.3.1. Autoclaving
8.3.2. Thermal
8.3.3. Irradiative
8.3.4. Biological
8.3.5. Chemical
8.4. Incineration
8.4.1. Controlled Air
8.4.2. Rotary Kiln
8.4.3. Multiple Hearth Type

9. Medical Waste Management Market – By Service (Market Size - $Million/$Billion)
9.1. Market Size and Market Share Analysis
9.2. Service Segment Analysis
9.3. Disposal
9.4. Recycling and Other Processing
9.5. Collection, Transportation & Storage

10. Medical Waste Management Market – By Treatment Site (Market Size - $Million/$Billion)
10.1. Market Size and Market Share Analysis
10.2. Treatment Site Segment Analysis
10.3. Offsite
10.4. Onsite

11. Medical Waste Management Market – By Nature of Waste (Market Size - $Million/$Billion)
11.1. Market Size and Market Share Analysis
11.2. Nature of Waste Segment Analysis
11.3. Non-Hazardous
11.4. Hazardous

12. Medical Waste Management Market – By Waste Generator (Market Size - $Million/$Billion; Volume: Units)
12.1. Market Size and Market Share Analysis
12.2. Waste Generator Segment Analysis
12.3. Hospitals
12.4. Retail Pharmacy
12.5. Laboratories
12.6. Blood Banks
12.7. Research Institutions
12.8. Others

13. Medical Waste Management Market – By Geography
13.1. Medical Waste Management Market– North America Segment Research
13.2. North America Market Research (Market Size – $Million/$Billion)
13.2.1. Segment Type Size and Market Size Analysis
13.2.2. North America U.S. Canada Mexico
13.3. Medical Waste Management Market - South America Segment Research
13.4. South America Market Research (Market Size - $Million/$Billion)
13.4.1. Segment Type Size and Market Size Analysis
13.4.2. South America Brazil Argentina Ecuador Peru Colombia Costa Rica Rest of South America
13.5. Medical Waste Management Market - Europe Segment Research
13.6. Europe Market Research (Market Size - $Million/$Billion)
13.6.1. Segment Type Size and Market Size Analysis
13.6.2. Europe U.K. Germany Italy France The Netherlands Belgium Spain Denmark Rest of Europe
13.7. Medical Waste Management Market – APAC Segment Research
13.8. APAC Market Research (Market Size - $Million/$Billion)
13.8.1. Segment type Size and Market Size Analysis
13.8.2. APAC China Japan South Korea India Australia Taiwan Malaysia Rest of APAC
13.9. Medical Waste Management Market– RoW Segment Research
13.10. RoW Market Research (Market Size - $Million/$Billion)
13.10.1. Segment Type Size and Market Size Analysis
13.10.2. RoW Middle East Africa

14. Medical Waste Management Market – Market Entropy

15. Medical Waste Management Market – Industry/Segment Competition Landscape
15.1. Market Share Analysis
15.1.1. Market Share by Country – Top companies
15.1.2. Market Share by Region – Top 10 companies
15.1.3. Market Share by Type of Application – Top 10 companies
15.1.4. Market Share by Type of Product/Product Category – Top 10 companies
15.1.5. Market Share at Global Level – Top 10 Companies
15.1.6. Best Practices for Companies

16. Medical Waste Management Market - Key Company List

17. Medical Waste Management Market Company Analysis
17.1. Market Share, Company Revenue, Products, M&A, Developments

18. Medical Waste Management Market – Appendix
18.1. Abbreviations
18.2. Sources

19. Medical Waste Management Market – Methodology
19.1. Research Methodology
19.1.1. Company Expert Interviews
19.1.2. Industry Databases
19.1.3. Associations
19.1.4. Company News
19.1.5. Company Annual Reports
19.1.6. Application Trends
19.1.7. New Products and Product Database
19.1.8. Company Transcripts
19.1.9. R&D Trends
19.1.10. Key Opinion Leaders Interviews
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