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Medical Waste Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • ID: 4771725
  • Report
  • June 2022
  • Region: Global
  • 112 Pages
  • Mordor Intelligence

FEATURED COMPANIES

  • Clean Harbors, Inc.
  • Daniels Sharpsmart Inc.
  • Republic Services, Inc.
  • Stericycle, Inc.
  • US Ecology, Inc.
  • Waste Management, Inc.
Medical Waste Management Market is poised to grow at a CAGR of 5.5% during the forecast period (2022-2027).

COVID-19 has created an unprecedented challenge to the global health care system leading to supply chain disruptions, delays in surgical procedures, reduced patient hospital visits. redistribution of COVID-19 patient medical services and others. Due to the increase in coronavirus-infected populations, waste generated by health facilities is increasing and special care should be taken when disposing of COVID-19-related medical waste, as it is likely to spread the virus worldwide. With the rejection of the medical waste proposal, various guidelines were set by the governing bodies. For example, the Central Pollution Control Board (CPCB) India provides guidelines for the management, treatment, and disposal of waste generated during the treatment / diagnosis / confinement of COVID-19 patients. This has had a positive impact on market growth. According to a study by the United Nations Development Program (UNDP) of five Asian cities, COVID-19 increased the amount of hazardous waste by 3.4 kg / bed / day. This is about ten times the average dose of hazardous health care waste, ranging from 0.2 to 0.5 kg / bed / day. However, due to delays in some surgical procedures and hospitalizations related to other diseases, there has been little impact on hospital waste.

Population growth worldwide is increasing the number of patients, leading to an increase in the volume of medical waste. Thus, with the increase in medical waste, governments around the world are taking a few steps to control medical waste. For example, in India, the Ministry of Environment and Forests (MoEF), government of India, introduced the Medical Waste Management and Handling Rules, 1998 and the Bio-Medical Waste (Management and Handling) (Amendment) Rules, 2003, to provide official and mandatory guidelines for health care waste management. The Central Pollution Control Board has also issued guidelines on Central Medical Waste Treatment Plans (CBWTF). A growing number of government officials' programs are driving the market for medical waste management. Several government agencies adhere to laws relating to medical waste. These include the Occupational Safety and Health Administration (OSHA), Centers for Disease Control (CDC), U.S. Food and Drug Administration (FDA), Department of Transport (DOT), and Drug Enforcement Administration (DEA).

Other factors, such as increased awareness of medical waste, are also driving market growth. The medical waste management market has been growing rapidly, over the past few years, although some factors may impede the growth of the medical waste management market. After all, the need to invest heavily, due to the demand for high-value equipment and new technological equipment, is a major factor hindering the growth of the medical waste management market.

Key Market Trends


Incineration segment is estimated to rule the medical waste management market


Burning is the most common and preferred method used to dispose of medical waste, although it is not environmentally safe as it leads to global warming. The Environmental Protection Agency has imposed stricter laws on global warming due to rising effects of global warming, which has led to a ban on greenhouse gases affecting global warming. For example, the Canadian Council of Environment Ministers recently proposed new gas emissions that would reduce current emissions of dioxin and mercury by 80%.

In addition, the increase in health care waste also contributes to market growth. As per the guidelines published by the Central Pollution Control Board, in the event of a massive production of yellow (burned) COVID-19 waste in excess of the existing CBWTF capacity and BMW cremation bodies; HW burners in existing TSDFs or enclosures in closed industrial areas may not be allowed to dispose of medical waste. Approximately, 97% of plastic waste from the COVID-19 trial was burned according to a report "A global analysis of health waste in the context of COVID-19: status, impacts and recommendations" published by the World Health Organization 2022.

In addition, the introduction of government programs and the introduction of new ventures will boost market growth. For example, in August 2021, the Indian government introduced a biomedical waste disposal facility in Buxar Municipality, Bihar, India is capable of handling 50 kilograms of biomedical waste made from cotton, plastic, or similar materials per hour.

Therefore, in view of the above, and the increase in technological advances is expected to further the growth of the medical waste management market globally.



The United States to Lead the Market in North America


The U.S. medical waste management market holds the largest market share in North America, due to the presence of a highly developed health sector, as well as an increase in infectious and chronic diseases, requiring advanced medical and surgical resources, and treatment. Diseases also produce a large number of products and residues. Many hospitals in the United States have begun the process of recycling, which is sold back into the hospital for a fraction of the initial cost.

According to a study entitled "Application of Sterilization Process for Inactivation of Bacillus Stearothermophilus in Biomedical Waste and Associated Greenhouse Gas Emissions" published in July 2020, the total amount of biomedical waste produced annually increased from 1362 tons in 2009 to 75 tons -2019. The biomedical waste produced per hospital bed was estimated at 1.19 kg per bed per day. The study also suggests that in the United States, about 60% of biomedical waste is incinerated, 37% is disinfected, and some are treated differently. Therefore, the high amount of medical waste produced in the country will increase the need for a variety of medical waste management systems, which will improve the market.

Asia-Pacific is also expected to attain a very high growth rate, thanks to growing social awareness and the establishment of strict rules for the proper disposal of medical waste and products.



Competitive Landscape


Medical waste management is one of the biggest challenges being faced by the healthcare providers day by day. It is often complicated by other concerns like HIPAA, epidemiology, potential civil litigation, and state and local regulation. The major market players in the medical waste management are focusing on elaborating their portfolio of services and products in the waste management market. Companies are also adopting various growth strategies, such as partnerships, agreements, mergers and acquisitions in order to strengthen their market presence in the medical waste management market globally. The major market players are Biomedical Waste Solutions, Clean Harbors, Daniels, Sharpsart Inc., Stericycle Inc., WM Intellectual Property Holdings LLC.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Clean Harbors, Inc.
  • Daniels Sharpsmart Inc.
  • Republic Services, Inc.
  • Stericycle, Inc.
  • US Ecology, Inc.
  • Waste Management, Inc.

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Initiatives by Government Authorities
4.2.2 Increasing Awareness of Medical Waste
4.2.3 Increasing Medical Waste
4.3 Market Restraints
4.3.1 Technological Advancements
4.3.2 High-capital Investments
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 Type of Waste
5.1.1 Non-hazardous Waste
5.1.2 Hazardous Waste
5.2 Treatment
5.2.1 Incineration
5.2.2 Autoclaving
5.2.3 Chemical Treatment
5.2.4 Other Treatments
5.3 Service
5.3.1 Collection, Transportation, and Storage
5.3.2 Treatment and Disposal
5.3.3 Recycling
5.3.4 Other Services
5.4 Treatment Site
5.4.1 Offsite Treatment
5.4.2 Onsite Treatment
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Italy
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Australia
5.5.3.5 South Korea
5.5.3.6 Rest of Asia-Pacific
5.5.4 Middle East and Africa
5.5.4.1 GCC
5.5.4.2 South Africa
5.5.4.3 Rest of Middle East and Africa
5.5.5 South America
5.5.5.1 Brazil
5.5.5.2 Argentina
5.5.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Biomedical Waste Solutions, LLC
6.1.2 Clean Harbors, Inc.
6.1.3 Daniels Sharpsmart Inc.
6.1.4 Republic Services, Inc.
6.1.5 Stericycle, Inc.
6.1.6 Suez Environmental Services
6.1.7 US Ecology, Inc.
6.1.8 Veolia Environnmental Services
6.1.9 Waste Management, Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Biomedical Waste Solutions, LLC
  • Clean Harbors, Inc.
  • Daniels Sharpsmart Inc.
  • Republic Services, Inc.
  • Stericycle, Inc.
  • Suez Environmental Services
  • US Ecology, Inc.
  • Veolia Environnmental Services
  • Waste Management, Inc.
Note: Product cover images may vary from those shown

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