Covid Impact Medical Waste Management Market is projected to register growth and reach USD 19.5 Billion with a CAGR of 5.3% within the study period.

MEDICAL WASTE MANAGEMENT MARKET: Summary

The Global Medical Waste Management Market is projected to register growth and reach USD 19.5 Billion with a CAGR of 5.3% within the study period.

Medical waste or healthcare waste can be termed as any kind of the waste material generated at the time of medical procedures, diagnosis, treatment or research carried on human or animals. Source of medical waste generation ranges from blood banks, dental clinics, medical laboratory, research facilities to hospitals and diagnostic centers. Medical waste management including procedures or services including the collection, handling, disinfection/sterilization, and disposal of the waste in order to eradicate any chance of infection.

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MEDICAL WASTE MANAGEMENT MARKET: Drivers & OPPORtunity

Market Driver:

  • Growth in Infectious Diseases

Growing healthcare industry leads to the production of medical waste resulting in adverse health effects. The outbreak of the infectious diseases creates an enormous burden on both, public health as well as economic stability. Such diseases contribute to the leading cause of death and disability worldwide hampering health and human progress. Rapid rise in the prevalence of tuberculosis, influenza, diphtheria, HIV/AIDS and some zoonotic diseases. The World Health Organization (WHO) reveals that it is one of the leading cause of death worldwide. It further stated that in 2018, approximately 1.5 million died from tuberculosis (TB), and around 10 million of the global population suffered by TB, including 5.7 million men, 3.2 million women and 1.1 million children. The demand for medical waste management market gained a rapid pace owing to the outbreak of SARS-CoV-2 virus (COVID-19). With the high transmission rate of the COVID-19, the need for appropriate waste management becomes vital. Thus, the prevalence of infectious diseases is expected to drive the market growth.

Market Restraint:

  • High Set Up Cost

Appropriate disposal of the healthcare waste requires specialized set up which can disinfect and then dispose of the hazardous waste. It includes incinerators equipped with automatic loading and de-ashing system. Construction of the medical waste incineration plant includes the cost of the land, site preparation, architectural and legal fees. The cost further adds expenditure related to waste storage room, incinerator building, water collation trucks, storage charges and another equipment cost. Due to hidden cost and the relatively high price of the incinerators, the overall set up cost of the medical waste management rises. Abovfementioned factors are projected to hamper medical waste management market growth up to a certain extent .

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MEDICAL WASTE MANAGEMENT market: Key segments

  • Segmentation based on form of waste: Hazardous and Non-Hazardous
  • Segmentation based on waste source: Medical Institutes, Dental Clinics, Veterinary Clinics, Nursing Home, and Others
  • Segmentation based on service: Collection and Segregation, Storage and Transportation and Treatment and Disposal
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

KEY Companies Covered

  • Stericycle (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Veolia
  • BWS Incorporated
  • MEDPRO Disposal, LLC
  • CNIM Group
  • Waste Management Inc.
  • Daniels Health
  • REMONDIS SE & Co. KG
  • BioMedical Waste Solutions, LLC
  • Clean Harbors Inc.
  • Republic Services, Inc.
  • BioServ, Inc.
  • EcoMed
  • Sharps Compliance, Inc.
  • GRP & Associates, Inc.
  • Gamma Waste Services
  • Other Key Companies

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MEDICAL WASTE MANAGEMENT MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Medical Waste Management Market, by Service

  • Collection and Segregation
  • Storage and Transportation
  • Treatment and Disposal

Medical Waste Management Market, by Form of Waste

  • Hazardous
  • Pathological Waste
  • Pharmaceutical Waste
  • Genotoxic Waste
  • Radioactive Waste
  • Non-Hazardous

Medical Waste Management Market, by Waste Source

  • Medical Institutes
  • Dental Clinics
  • Veterinary Clinics
  • Nursing Home
  • Others

Medical Waste Management Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Belgium
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Peru
  • Chile
  • Rest of South America

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Table of Content

  1. INTRODUCTION
  2. Research Objectives
  3. Market Definition
  4. Research Scope
  5. Regional Coverage
  6. Research Timeline
  7. Assumptions
  8. Limitations
  9. RESEARCH DESIGN & SCOPE
  10. Introduction
  11. Primary Research
  12. Key Industry Expert Insight
  13. Secondary Research
  14. Vital Data from Secondary Sources
  15. Market Size Estimation
  16. Data Validation & Triangulation
  17. EXECUTIVE SUMMARY
  18. MARKET DYNAMICS
  19. Introduction
  20. Drivers
  21. Growth in Infectious Diseases
  22. Increasing Prevalence of Surgeries
  23. Hazards Associated with Medical Waste
  24. Strict Mandates On Appropriate Medical Waste Disposal and Management
  25. Restraint
  26. High Set Up Cost
  27. Opportunities
  28. Adoption of Advanced Disposal Technologies
  29. Internet-Of-Things in Waste Management
  30. Challenges
  31. Low Awareness and Inadequate Training
  32. INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
  33. Introduction
  34. Power of Buyers
  35. Power of Suppliers
  36. Intensity of Competition
  37. Challenges of Substitutes
  38. Challenges of New Entrants
  39. Macro-Economic Indicators
  40. GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY SERVICE, Market Size in USD Million (2019–2027)
  41. Introduction
  42. Collection and Segregation
  43. Storage and Transportation
  44. Treatment and Disposal
  45. GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY FORM OF WASTE, Market Size in USD Million (2019–2027)
  46. Introduction
  47. Hazardous
  48. Pathological Waste
  49. Pharmaceutical Waste
  50. Genotoxic Waste
  51. Radioactive Waste
  52. Non-Hazardous
  53. GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY APPLICATION, Market Size in USD Million (2019–2027)
  54. Introduction
  55. Medical Institutes
  56. Dental Clinics
  57. Veterinary Clinics
  58. Nursing Home
  59. Others
  60. GLOBAL MEDICAL WASTE MANAGEMENT MARKET BY REGION, Market Size in USD Million (2019–2027)
  61. North America
  62. US
  63. Canada
  64. Mexico
  65. Europe
  66. Germany
  67. UK
  68. France
  69. Italy
  70. Spain
  71. Russia
  72. Rest of Europe
  73. Asia-Pacific
  74. China
  75. India
  76. Japan
  77. South Korea
  78. Indonesia
  79. Malaysia
  80. Rest of Asia-Pacific
  81. Middle East and Africa
  82. Saudi Arabia
  83. UAE
  84. Israel
  85. South Africa
  86. Rest of Middle East and Africa
  87. South America
  88. Brazil
  89. Argentina
  90. Peru
  91. Chile
  92. Rest of South America
  93. COMPETITIVE LANDSCAPE
  94. Introduction
  95. Market Ranking/Share Analysis of Key Companies
  96. Company Benchmarking
  97. COMPANY PROFILES
  98. Stericycle
  99. Company Overview
  100. Financial Overview
  101. Products/Solutions/Services Offered
  102. Key Developments
  103. SWOT Analysis
  104. Veolia
  105. BWS Incorporated
  106. MEDPRO Disposal, LLC
  107. CNIM Group
  108. Waste Management Inc.
  109. Daniels Health
  110. REMONDIS SE & Co. KG
  111. BioMedical Waste Solutions, LLC
  112. Clean Harbors Inc.
  113. Republic Services, Inc.
  114. BioServ, Inc.
  115. EcoMed
  116. Sharps Compliance, Inc.
  117. GRP & Associates, Inc.
  118. Gamma Waste Services
  119. Other Key Companies
  120. APPENDIX
  121. Key Industry Expert Insights
  122. Primary Discussion Guide
  123. Customization Options

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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