Medical Waste Management: Global Strategic Business Report

Report
271 Pages
April 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

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 (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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.

Table Information

Report Attribute	Details
No. of Pages	271
Published	April 2024
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 14.8 Billion
Forecasted Market Value ( USD ) by 2030	$ 21 Billion
Compound Annual Growth Rate	4.5%
Regions Covered	Global

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

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

Select Competitors (Total 38 Featured) -

What's New?

Table of Contents

Companies Mentioned (Partial List)

Table Information

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