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Medical Waste Management Market Size By Type of Waste (Hazardous, Non-hazardous), By Service (Collection, Transportation & Storage Services, Treatment and Disposable Services, {Incineration, Autoclaving, Microwaving}, Recycling Services), By Waste Generator (Hospitals, Laboratory and Research Centers, Nursing Homes), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI4178
  • Published Date: Jul 2022
  • Report Format: PDF

Industry Overview

Medical Waste Management Market size surpassed USD 12.8 Billion in 2021 and is expected to witness a 6.9% CAGR from 2022 to 2030 owing to the increasing importance for effective and eco-friendly waste management along with growing healthcare industry in developing economies.
 

Medical Waste Management Market

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Medical waste management collects and manages different types of medical waste produced through healthcare or diagnostic activities. Waste management is essential to hospitals, clinics, laboratories or diagnostic centers that can be hazardous or non-hazardous and pathogenic or non-pathogenic wastes. Additionally, the increasing volume of medical waste generated across the globe and rising awareness of effective and eco-friendly waste management are expected to drive market growth over the forthcoming years.
 

A global medical emergency was generated by the coronavirus (COVID-19) pandemic. The unexpected advent of such a pandemic has resulted in huge amounts of medical waste. For instance, since the outbreak, the amount of medical waste generated by COVID-19 has been projected to be 2.6 million tons per day over the world. Furthermore, as the demand for vaccination grows, more waste, primarily syringes, needles, and safety boxes, is generated. As a result, in such situations, effective waste management techniques are needed. These elements are assisting in the market's expansion.
 

Medical waste is the byproduct of medical, treatment, and surgical procedures at various hospitals, clinics, or healthcare facilities. In other words, medical waste is any waste contaminated with infectious agents that leads to infectious diseases and is harmful to the environment. Therefore, proper medical waste management is required to reduce health risks and foster a healthy environment.
 

Increasing volume of medical waste globally is expected to accelerate the market statistics

Medical waste is usually generated at healthcare facilities including hospitals, dental practices, blood banks, clinics, medical research facilities as well as laboratories. For instance, according to the World Health Organization (WHO), 85% of waste generated in the healthcare sector is general and non-hazardous waste. The remaining 15% is hazardous waste which may be infectious, radioactive, or chemical that might be harmful to the environment.
 

Similarly, according to the Center for Science and Environment (CSE), biomedical waste in India grew from 559 tonnes per day in 2017 to 619 tonnes per day in 2019. Moreover, the number of hazardous waste generating units in the country increased by 3.5%, leading to a decline of almost 7% in hazardous waste generation. Hence, these attributes will boost the demand for medical waste management proving favorable for the overall market progression.
 

Medical waste management helps in the segregation, storage, and safe disposal of waste that is harmful to people’s health. As per the World Health Organization (WHO) records, every year 16 billion injections are administered worldwide, however, not all the syringes and needles are disposed. Thus, with improved medical waste management, all biomedical waste is segregated and disposed of accordingly. Thus, the growing medical waste from laboratories and research centers, hospitals, blood banks and collection services, testing laboratories and nursing homes for elderly will accelerate the medical waste management market share during the forecast period.
 

The growing amount of hazardous waste will augment the market progress

Global Medical Waste Management Market By Type of Waste

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Based on type of waste, the hazardous waste segment accounted for around 22.8% market share in 2021 and the trend will continue to grow in the near future. This is attributed to the increasing utilization of sharps and chemicals during surgeries, treatment, or medical storage. Some of the medical hazardous wastes include anesthesia gases and ethylene oxide, various acids and bases, toxic fumes and gases, and metal wastes (including X-ray and CT scans).
 

Moreover, hazardous wastes have the ability to affect human health. For instance, consumption of expired drugs leads to side effects of the medication that is harmful to the patients. Such scenarios increase the demand to manage medical waste in a proper and efficient manner thereby propelling the medical waste management market growth over the forecast period.
 

Treatment and disposable services will drive the market expansion

Global Medical Waste Management Market By Service

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On the basis of service, the treatment & disposable services segment is sub-segmented into incineration, autoclaving, and microwaving. Among them, the autoclaving segment accounted for around USD 1.1 billion market size in 2021 owing to the increasing utilization of autoclaves to kill pathogens such as viruses or bacteria at a specific period and temperature.
 

An autoclave uses steam to sterilize small equipment and tools mainly found in surgical centers, hospitals, laboratories, and other pharmaceutical facilities. Autoclave helps to disinfect certain types of medical waste before transportation and safe disposal. For this, the Centers for Disease Control and Prevention (CDC) suggests steam sterilization at 2500 or 2700 to destruct microbes for infection control. Therefore, autoclaves are mainly used for regulating medical waste after that the waste is considered non-infectious. Moreover, with innovative technologies, new autoclaves are introduced in the medical waste management market with efficient features and applications.
 

Increasing hospital waste will accelerate the overall market progression

Based on waste generator, the medical waste management market is categorized into hospitals, laboratory and research centers, and nursing homes. Among these, the hospital segment accounted for over USD 3.9 billion market size in 2021. Hospitals usually generate different kinds of waste such as healthcare, administrative waste and household. Healthcare waste generally includes infectious, expired pharmaceuticals, chemicals, sharps, needles, and radioactive items. Whereas other non-hazardous waste item generated includes medication boxes and packaging of medical items among others.
 

Medical waste management in hospitals consists of a process that begins at the site of generation where medical waste is collected and segregated into solid bio-medical waste in specific color-coded bins consisting of infected and non-infected waste in different bins.  Further, various on-site and off-site methods are available for the treatment of hazardous waste. Therefore, these factors will augment the business expansion during the analysis timeframe.
 

Rising government initiatives in North America prove favorable for the business expansion

North America Medical Waste Management Market By Country

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North America medical waste management market revenue is poised to grow at a 6.6% CAGR during the forthcoming years. High regional growth is attributed to growing government initiatives for medical waste disposal.  For instance, The Medical Waste Management Program (MWMP) of the California Department of Public Health, manages the generation, handling, storage, treatment, and disposal of medical waste by overseeing the implementation of the Medical Waste Management Act (MWMA). This act also inspects and permits medical waste offsite treatment facilities and medical waste transfer stations. Additionally, key industry players are focusing on managing medical waste in an effective and eco-friendly manner that should augment the industry growth in forthcoming years.
 

Innovative approach by key market players will surge the market demand

Some of the key market players operating in the medical waste management industry include Biomedical Waste Solutions. LLC, Clean Harbors, Inc., Daniels Sharpsmart, Inc., Gamma Waste Systems, GRP & Associates, Inc., Republic Services, Inc., Stericycle, Triumvirate Environmental, Veolia Environmental, and Waste Management Inc. among others. These market participants are formulating various growth strategies with continued innovations and technology improvements to sustain market competition in the medical waste management market.
 

Some of the recent industry developments:

  • In February 2020, Stericycle announced an agreement to sell its Domestic Environments Solutions business to Harso Corporation for USD 462.5 million. This strategy has helped the firm to improve its margin percentages and drive long-term value to its shareholders.
     
  • In August 2021, Clean Harbors acquired HydroChemPSC, an affiliate of Littlejohn & Co., LLC, for USD 1.25 billion. This acquisition helped the company to strengthen its opportunities with strong brand equity and customer service reputation that enhanced the company’s revenue generation.
     

The medical waste management report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2022 to 2030, for the following segments:

By Type of Waste

  • Hazardous
  • Non-hazardous

By Service

  • Collection, Transportation, & Strong Services
  • Treatment and Disposable Services
    • Incineration
    • Autoclaving
    • Microwaving
    • Others
  • Recycling Services
  • Others

By Waste Generator

  • Hospitals
  • Laboratory and Research Centers
  • Nursing Homes
  • Others

The above information is provided for the following regions and countries:

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific 
    • Japan
    • China
    • India
    • Australia
  • Latin America 
    • Brazil
    • Mexico
  • Middle East & Africa 
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

The global medical waste management industry size was valued at over USD 12.8 billion in 2021 and is slated to witness a 6.9% CAGR through 2030 due to the rising focus on effective and eco-friendly waste management as well as the expanding healthcare industry across the developing economies.

The medical waste management market share from the hospital waste generator segment had crossed USD 3.9 billion in 2021 and will grow with the increasing need for managing expired pharmaceuticals, chemicals, sharps, needles, and radioactive items.

The medical waste management industry from autoclaving services exceeded USD 1.1 billion in 2021 driven by the increasing need for killing pathogens such as viruses or bacteria at a specific period and temperature.

North America market for medical waste management is expected to rise at a 6.6% CAGR through 2030 due to the growing number of government initiatives for medical waste disposal in the region.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 10
  • Tables & Figures: 189
  • Countries covered: 16
  • Pages: 140

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