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, Laboratories and Research Centres, Nursing Homes), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Apr 2020  |  Report ID: GMI4178  |  Authors: Sumant Ugalmugale, Rupali Swain

Report Format: PDF   |   Pages: 235   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry trends

Medical Waste Management Market size was valued at USD 9.5 billion in 2019 and is expected to witness 6.2% CAGR from 2020 to 2026. Medical waste management is a process that handles hospital generated waste such as chemical, infectious, radioactive items as well as sharps. Effective waste management is essential for hospitals as medical waste can be environmentally hazardous and pathogenic. It is estimated that China generates around 650,000 tons of medical waste every year, and this amount is predicted to grow at a faster rate due to COVID-19 impact worldwide.
 

Medical waste management Market

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Medical Waste Management Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 9.6 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 6.2% 2026 Value Projection: 16.8 Billion (USD)
Pages: 235 Tables, Charts & Figures: 248
Geographies covered (16): U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Australia, Brazil, Mexico, South Africa, Saudi Arabia, UAE
Segments covered: Type of waste, Service, Waste generator, and Region
Companies covered (10): Biomedical Waste Solutions, Clean Harbors, Daniel Sharpsmart, Republic Services, Stericycle, Suez Environmental Services, US Ecology, Veolia Environmental Services, Waste management and Triumvirate Environmental
Growth Drivers:
  • Increasing volume of medical waste globally
  • Increasing importance for effective and eco-friendly waste management
  • Growing government initiatives for medical waste disposal
  • Surging healthcare industry especially in developing economies
Pitfalls & Challenges:
  • Lack of awareness regarding health hazards associated with medical waste
  • Lack of training for proper disposal of medical waste

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Increasing volume of biomedical waste propels the business growth

Medical waste is majorly generated through various disease treatments and diagnostics. Out of the total waste generated from healthcare activities around 85% of waste is non-hazardous. Similarly, about 15% of waste is hazardous, that can be toxic and infectious, causing severe health problems. According to the WHO, in 2018, over 16 billion injections were administered globally that further needs proper as well as effective processing for safe disposal of medical waste. Thus, increasing the need for safe disposal of injections to avoid any health crises, augments the medical waste management market progression.
 

Furthermore, due to the COVID-19 outbreak, there is a significant rise in the amount of medical waste including needles, syringes, infectious waste, pathological waste and others. However, lack of awareness regarding health hazards associated with medical waste may hinder the market growth.
 

Medical Waste Management Market

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Increasing amount of non-hazardous medical waste in healthcare facilities will foster the segmental expansion

Non-hazardous segment was valued over USD 7 billion in 2019. Non-hazardous medical waste is also known as general waste and is a type of waste that cannot be disposed into the sewage line. The World Health Organization (WHO), has categorized non-contaminated equipment and animal tissues as non-hazardous waste. Moreover, several service providers in the North American region are providing non-hazardous waste services for effective disposal of medical waste. For instance, BWS offers non-hazardous waste removal services such as collection, disposal and transportation in countries including Virginia, Delaware and Maryland among others.
 

Due to the COVID-19 outbreak, there is a rapid rise in the amount of non-hazardous medical waste such as disposable wipes and empty disinfectant containers from hospitals that propels the market expansion. Moreover, various guidelines imposed by federal authorities such as the Occupational Safety and Health Administration (OSHA) and Drug Enforcement Administration (DEA) have special guidelines regarding disposal of COVID-19 medical waste. These guidelines make the medical waste management process simple and easier, that leads to the increasing adoption of medical waste management.
 

Treatment and disposable services segment is anticipated to upsurge the medical waste management market growth

The treatment and disposable services segment accounted for around 28% revenue share in 2019. Treatment facilities are further bifurcated into incineration, autoclaving and microwaving among others. Incineration is among the most widely used treatment method, as it is considered one of the oldest forms of treatment. Also, about 90% of infectious medical waste is disposed of by incineration process.
 

Incineration is the only method used for pathological waste such as recognizable tissue and body parts that enhances the segmental demand. Furthermore, adoption of innovative technologies for treatment services along with surged volume of medical waste due to coronavirus outbreak will further drive the segmental market growth.
 

Medical Waste Management Market By Service

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Hospitals segment will dominate the market due to increasing volume of medical waste generated

The hospitals segment contributed over 30% market share in 2019. Hospitals are the major generators of medical waste due to the maximum number of surgeries performed in hospital settings. Furthermore, majority of needles and syringes are used in hospitals that lead to increasing generation of biomedical waste. Moreover, it is anticipated that hospitals will generate more amount of medical waste than usual due to the recent COVID-19 outbreak.
 

Increasing generation of medical waste during the coronavirus will lead to a rise in volume of hazardous waste. Healthcare professionals are at more risk of getting infected as they are exposed to hazardous medical waste. Thus, the demand for effective medical waste management services will increase in order to avoid the contact of healthcare staff from hazardous waste.
 

Presence of leading industry players in North America proves beneficial for the regional market growth

North America medical waste management market held maximum revenue share in 2019 and will witness around 5.5% CAGR during the forecast period. Healthcare providers are adopting innovative technologies for the treatment of COVID-19 biomedical waste processes. For instance, Northwell Health in the U.S. adopted the Envetec 200 system that neutralizes infectious medical waste to minimize the spread of coronavirus. Also, Northwell is one of the first health systems to implement this system against the COVID-19. Thus, increasing technological advancements will lead to increase in demand for effective medical waste management processes, thereby fostering the market growth.
 

The presence of key market players along with well established healthcare facilities will propel the U.S. market growth. Moreover, rising awareness for proper medical waste management in the U.S. will propel the regional market expansion.
 

Increasing adoption of new guidelines by prominent industry players for proper disposal of medical waste

Some of the prominent market players operating in the medical waste management industry share include Biomedical Waste Solutions, Clean Harbors, Daniel Sharpsmart, Republic Services, Stericycle, Suez Environmental Services, US Ecology, Veolia Environmental Services, Waste management and Triumvirate Environmental.
 

  • BioMedical Waste Solutions adopted Occupational Safety and Health Administration (OSHA) standards to effectively dispose the medical waste. OSHA has well established procedure for dealing with medical waste hazards.
     
  • Stericycle is following CDC guidelines based on packaging of medical waste during COVID 19. These guidelines will help the company to simplify procedures for COVID 19 medical waste packaging. 
     

The medical waste management market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:

By Type of Waste

  • Hazardous
  • Non-hazardous

By Service

  • Collection, transportation & storage services
  • Treatment and disposable services
    • Incineration
    • Autoclaving
    • Microwaving
    • Others
  • Recycling services
  • Others

By Waste Generator

  • Hospitals
  • Laboratories and research centers
  • Nursing homes
  • Others

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

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

 

Frequently Asked Questions (FAQ) :

The North American market will witness around 5.5% CAGR during 2020 to 2026.
The non-hazardous waste segment was valued over USD 7 billion in 2019, according to this research report.
The treatment and disposable services accounted for around 28% revenue share in 2019.

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