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Global Medical Waste Disposal Services Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Healthcare
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Medical Waste Disposal Services Market, By Waste Type (Hazardous Waste, Non-Hazardous Waste), Treatment Type (Incineration, Autoclaving, Chemical Treatment, Irradiative, Biological, Others), Treatment Site (Offsite, Onsite), Waste Generator (Hospitals, Physician Offices, Clinical Laboratories, Manufacturers, Reverse Distributors) – Industry Trends and Forecast to 2029.

Medical Waste Disposal Services Market

 Medical Waste Disposal Services Market Analysis and Size

The waste management service's goal is to ensure that proper procedures are followed in the handling and disposal of hazardous waste products. This helps to reduce contamination risk and protect human health. It is a major concern for many governmental and non-governmental organizations and the private sector. The waste management company offers a wide range of services. In addition to regular waste disposal services, the companies provide hazardous waste disposal services. This service handles the disposal of toxic and noxious substances considered dangerous to the environment. Lead containers are among the hazardous waste items that these companies can handle.

Data Bridge Market Research analyses that the medical waste disposal services market which was USD 13 billion in 2021, is expected to reach USD 22.34 billion by 2029, at a CAGR of 7% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Medical Waste Disposal Services Market Scope and Segmentation      

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Waste Type (Hazardous Waste, Non-Hazardous Waste), Treatment Type (Incineration, Autoclaving, Chemical Treatment, Irradiative, Biological, Others), Treatment Site (Offsite, Onsite), Waste Generator (Hospitals, Physician Offices, Clinical Laboratories, Manufacturers, Reverse Distributors)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Stericycle Inc. (U.S.), Veolia (France), Suez (France), CLEAN HARBORS, INC. (U.S.), REMONDIS SE & Co. KG (Germany), BioMedical Waste Solutions, LLC. (U.S.), Ecomed Services (Canada), Triumvirate Environmental (U.S.), BWS Incorporated (U.S.), MEDPRO Disposal, LLC (U.S.), Gamma Waste Services (U.S.), EPCO (Germany), Daniels Sharpsmart, Inc. (U.S.), Casella Waste Systems, Inc. (U.S.)

Market Opportunities

  • Increasing volume of healthcare waste
  • Growing geriatric and obese population
  • Rising number of surgical procedures

Market Definition

Global Medical Waste Disposal Services Market Dynamics

Drivers

  • Rising usage of Nonwovens

Nonwovens are widely used in the medical field and in other industries to protect against biological agents. They provide critical safety properties such as infection and disease prevention. Nonwovens can aid in the fight against cross-contamination and the spread of infection in a surgical or medical setting, especially with  multi-drug resistant strains of bacteria and viruses, because they are used only once and then incinerated, they eliminate the need for handling and limit the spread of contaminants. These are the certain factors which propel the growth of market.

For instance- Nonwovens are also becoming a more important component in the development of "smart" wound care products, with functions such as the creation of a moist wound healing environment, controlled vapour transmission, absorbency, and low skin adhesion.

  • Increasing volume of healthcare waste

The medical waste disposal services industry in the healthcare industry has grown significantly which drives the market. Increased demand for healthcare services around the world has resulted in an increase in hospitals, laboratories, research centres, blood banks, and collection activities, which has increased market demand.

Opportunities

  • Technological advancements

Concerns about the potential health hazards of medical waste grew in the 1980s, when medical waste washed up on several east coast beaches. As a result, Congress passed the MWTA in 1988. The MWTA was a two-year federal program in which the EPA was required to issue regulations on medical waste management. On June 24, 1989, the regulations for this two-year program went into effect in four states: New York, New Jersey, Connecticut, Rhode Island, and Puerto Rico. The regulations were set to expire on June 21, 1991.

Restraints/Challenges

Dumping all waste illegally could result in a major public health problem, exposing many people to infections and diseases. According to some estimates, improperly handled medical waste may be responsible for up to 12% of all HIV cases worldwide. Burning waste is not a viable option for medical waste disposal. 

This medical waste disposal services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical waste disposal services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Medical Waste Disposal Services Market

The medical waste generated by health facilities has increased dramatically as the number of coronavirus-infected people has increased. COVID-19-related medical waste should be disposed of with caution because it is likely to spread the virus if not properly incinerated. With the increase in medical waste generation during the outbreak, several authorities around the world have devised waste disposal strategies. For instance, the Central Pollution Control Board (CPCB) of India, issued guidelines in early 2020 for the management, treatment, and disposal of waste generated during the treatment, diagnosis, and confinement of COVID-19 patients. This has contributed to market expansion.

Global Medical Waste Disposal Services Market Scope

The medical waste disposal services market is segmented on the basis of waste type, treatment type, treatment site and waste generator. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Waste Type

  • Hazardous waste
  • Infectious and pathological waste
  • Pharmaceutical waste
  •  Sharps
  •  Others
  • Non-Hazardous Waste

Treatment Type

  • Incineration
  • Autoclaving
  •  Chemical Treatment
  •  Irradiative
  •  Biological
  • Others

 Treatment Site

  • Offsite
  •  Collection
  •  Transportation and storage
  •  Treatment and disposal
  •  Recycling
  • Onsite
  • Collection
  •  Treatment and disposal
  •  Recycling and others

Waste Generator

  • Hospitals
  • Physician Offices
  • Clinical Laboratories
  • Manufacturers
  • Reverse Distributors

Medical Waste Disposal Services Market Regional Analysis/Insights

The medical waste disposal services market is analyzed and market size insights and trends are provided by country, waste type, treatment type, treatment site and waste generator as referenced above.

The countries covered in the medical waste disposal services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the medical waste disposal services market because of a highly developed healthcare sector and an increase in the incidence of chronic and infectious diseases that necessitate advanced medical and surgical aids.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 because of increased social awareness and the implementation of strict regulations for the proper disposal of deposits and by-products in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The medical waste disposal services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical waste disposal services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical waste disposal services market. The data is available for historic period 2010-2020.

Competitive Landscape and Medical Waste Disposal Services Market Share Analysis

The medical waste disposal services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical waste disposal services market.

Some of the major players operating in the medical waste disposal services market are:

  • Stericycle Inc. (U.S.)
  • Veolia (France)
  • Suez (France)
  • CLEAN HARBORS, INC. (U.S.)
  • REMONDIS SE & Co. KG (Germany)
  • BioMedical Waste Solutions, LLC. (U.S.)
  • Ecomed Services (Canada)
  • Triumvirate Environmental (U.S.)
  • BWS Incorporated (U.S.)
  • MEDPRO Disposal, LLC (U.S.)
  • Gamma Waste Services (U.S.)
  • EPCO (Germany)
  • Daniels Sharpsmart, Inc. (U.S.)
  • Casella Waste Systems, Inc. (U.S.)
  • Republic Services, Inc. (U.S.)
  • GRP & Associates, Inc. (U.S.)

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Frequently Asked Questions

The Medical Waste Disposal Services Market is projected to grow at a CAGR of 7.0% during the forecast period by 2029.
The future market value of the Medical Waste Disposal Services Market is expected to reach USD 22.34 billion by 2029.
The major players in the Medical Waste Disposal Services Market are Stericycle Inc. (U.S.), Veolia (France), Suez (France), CLEAN HARBORS, INC. (U.S.), REMONDIS SE & Co. KG (Germany), BioMedical Waste Solutions, LLC. (U.S.), Ecomed Services (Canada), Triumvirate Environmental (U.S.), etc.
The countries covered in the Medical Waste Disposal Services Market are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, etc.
The medical waste disposal services market value was USD 13 billion in 2021.