Medical Waste Management Market Introduction and Overview
According to SPER Market Research, the Global Medical Waste Management Market is estimated to reach USD 17.39 million by 2033 with a CAGR of 6.26%.
The report includes an in-depth analysis of the Global Medical Waste Management Market , including market size and trends, product mix, applications, and supplier analysis. Essentially, medical waste management involves handling biological waste through various processes such as chemical processing, burning, and autoclaving. The by product created by labs, hospitals, surgical centers, and the research business is known as medical waste. In order to protect animals, the general public, and the environment, medical waste management makes sure that biomedical waste is properly stored, collected, treated, and disposed of. It is essential to properly separate garbage at the source. To enable safe disposal, many categories of medical waste, including sharps, infectious, pharmaceutical, and radioactive waste, should be segregated.
- December 2021: Veolia Environment S.A. introduced the Vigie COVID-19 solution in December 2021. This solution serves as an early warning system for tracking the pandemic's growth by detecting indicators of the Omicron variant in wastewater.
- May 2022: Suez Environment was purchased by Veolia Environment S.A. in May 2022. The firms agreed to buy all of the hazardous waste assets in France in order to resolve Veolia's worries about competition with the European Commission.
Market Opportunities and Challenges
Awareness-raising campaigns about safe medical waste disposal and how to avoid mistreatment have become more prevalent in industrialized countries like the US and the UK. In an effort to inform stakeholders about the significance of properly managing medical waste, conferences and awareness campaigns are being organized as part of this shift. By emphasizing the requirement of following set norms and guidelines, these campaigns hope to draw attention to the possible problems that come with inappropriate disposal methods. These initiatives aim to promote a culture of ethical waste management practices by raising awareness among legislators, the general public, and healthcare professionals. In the end, these countries' healthcare systems should be made more environmentally friendly, safeguard public health, and more sustainably built.
Effective medical waste management in underdeveloped nations requires a large financial commitment in addition to increased knowledge. But these nations have difficulties since there aren't enough precise and strict laws regulating the medical waste management industry. Furthermore, the creation of medical waste treatment facilities and the use of cutting-edge technology are impeded by inadequate financial resources. Because of this, a lot of healthcare institutions in these areas have trouble putting in place appropriate waste management procedures, which puts the public's health and the environment at danger. Raising awareness of the value of responsible waste management is only one way to address these problems; another is to make it easier for people to get finance and assistance for the installation of the right infrastructure and technology.
Market Competitive Landscape
A few number of very large companies dominate the worldwide market for medical waste management and have a strong regional presence. These top businesses actively participate in strategic growth activities, such as product development, launches, joint ventures, and partnerships, and they stay dedicated to ongoing research and development projects. Several notable entities in the worldwide medical waste management industry comprise Biomedical Waste Solutions,LLC, Clean Harbors,Inc., Daniels Health Inc, EcoMed Services, Remondis Medison, Republic Services,Inc., Stericycle,Inc., Suez Environmental Services, Veolia Environmental Services, Waste Management,Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Service, By Type of Waste, By Treatment, By Waste Generator.
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Biomedical Waste Solutions, LLC, Clean Harbors,Inc., Daniels Health Inc, EcoMed Services, Remondis Medison, Republic Services,Inc., Stericycle,Inc., Suez Environmental Services, Veolia Environmental Services, Waste Management,Inc.
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COVID-19 Impact on Global Medical Waste Management Market
The rapid disintegration of waste management strings is a direct outcome of the COVID-19 outbreak. To effectively contain the epidemic, hazardous medical waste must be managed safely. Any level of mismanagement has the potential to increase environmental pollution. Because of the COVID-19 pandemic, it is expected that the globe will soon be overflowing with medical waste material. The resulting accumulation of medical waste will have a significant influence on appropriate medical waste management practices for many years to come. The industry will need to adapt by dispensing an increase in conservative management facility volumes in order to handle such a large global influx of waste.
Key Target Audience:
- Healthcare Facilities
- Government Agencies and Regulatory Bodies
- Waste Management Companies
- Environmental and Health Organizations
- Research Institutions and Academia
- Manufacturers of Medical Waste Management Equipment
- Investors and Financial Institutions
- Community and Public Health Officials
- Educational Institutions
Our in-depth analysis of the Medical Waste Management Market includes the following segments:
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By Service: |
Collection
Treatment
Disposal
Incineration
Recycling
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By Type of Waste: |
Non-Hazardous
Infectious
Pharmaceutical
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By Treatment Site: |
Offsite
Onsite
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By Waste Generator: |
Hospitals
Labs
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Key Topics Covered in the Report:
- Global Medical Waste Management Market Size (FY’2024-FY’2033)
- Overview of Global Medical Waste Management Market
- Segmentation of Global Medical Waste Management Market By Service (Collection, Treatment, Disposal, Incineration, Recycling).
- Segmentation of Global Medical Waste Management Market By Type of Waste (Non-Hazardous, Infectious, Pharmaceutical).
- Segmentation of Global Medical Waste Management Market By Treatment Site (Offsite, Onsite)
- Segmentation of Global Medical Waste Management Market By Waste Generator (Hospitals, Labs)
- Statistical Snap of Global Medical Waste Management Market
- Expansion Analysis of Global Medical Waste Management Market
- Problems and Obstacles in Global Medical Waste Management Market
- Competitive Landscape in the Global Medical Waste Management Market
- Impact of COVID-19 and Demonetization on Global Medical Waste Management Market
- Details on Current Investment in Global Medical Waste Management Market
- Competitive Analysis of Global Medical Waste Management Market
- Prominent Players in the Global Medical Waste Management Market
- SWOT Analysis of Global Medical Waste Management Market
- Global Medical Waste Management Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Medical Waste Management Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Medical Waste Management Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Medical Waste Management Market
7. Global Medical Waste Management Market, By Service (USD Million)
7.1. Global Medical Waste Management Market Value Share and Forecast, By Service, 2024-2033
7.2. Collection
7.3. Treatment
7.4. Disposal
7.5. Incineration
7.6. Recycling
8. Global Medical Waste Management Market, By Type of Waste(USD Million)
8.1. Global Medical Waste Management Market Value Share and Forecast, By Type of Waste, 2024-2033
8.2. Non-Hazardous
8.3. Infectious
8.4. Pharmaceutical
9. Global Medical Waste Management Market, By Treatment Site (USD Million)
9.1. Global Medical Waste Management Market Value Share and Forecast, By Treatment Site, 2024-2033
9.2. Offsite
9.3. Onsite
10. Global Medical Waste Management Market, By Waste Generator (USD Million)
10.1. Global Medical Waste Management Market Value Share and Forecast, By Waste Generator, 2024-2033
10.1.1. Hospitals
10.1.2. Labs
11. Global Medical Waste Management Market Forecast, 2020-2033 (USD Million)
11.1. Global Medical Waste Management Market Size and Market Share
12. Global Medical Waste Management Market, By Service 2020-2033 (USD Million)
12.1. Global Medical Waste Management Market Size and Market Share By Service (2020-2026)
12.2. Global Medical Waste Management Market Size and Market Share By Service (2027-2033)
13. Global Medical Waste Management Market, By Type of Waste 2020-2033 (USD Million)
13.1. Global Medical Waste Management Market Size and Market Share By Type of Waste (2020-2026)
13.2. Global Medical Waste Management Market Size and Market Share By Type of Waste(2027-2033)
14. Global Medical Waste Management Market, By Treatment Site, 2020-2033 (USD Million)
14.1. Global Medical Waste Management Market Size and Market Share By Treatment Site(2020-2026)
14.2. Global Medical Waste Management Market Size and Market Share By Treatment Site (2027-2033)
15. Global Medical Waste Management Market, By Waste Generator, 2020-2033 (USD Million)
15.1. Global Medical Waste Management Market Size and Market Share By Waste Generator(2020-2026)
15.2. Global Medical Waste Management Market Size and Market Share By Waste Generator(2027-2033)
16. Global Medical Waste Management Market, By Region, 2020-2033 (USD Million)
16.1. Global Medical Waste Management Market Size and Market Share By Region (2020-2026)
16.2. Global Medical Waste Management Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. Biomedical Waste Solutions,LLC
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Clean Harbors,Inc.
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Daniels Health Inc.
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. EcoMed Services
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Remondis Medison
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Republic Services,Inc.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Stericycle,Inc.
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Suez Environmental Services
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Veolia Environmental Services
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Waste Management,Inc.
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
