Global Medical Waste Management Market- Industry Trends and Forecast to 2025

  • Healthcare IT
  • Published Report
  • May 2018
  • Global
  • 292 Pages
  • No of Tables: 49
  • No of Figures: 310

Global Medical Waste Management Market, By Type of Waste (Hazardous Waste, Non-Hazardous Waste), Service Type (Collection, Transportation, & Storage, Treatment & Disposal, Recycling, Others), Treatment Type (Incineration, Autoclaving, Chemical Treatment, Irradiative, Biological, Others), Treatment Site (Offsite, Onsite), Category (Controlled, Uncontrolled), Source of Generation (Hospitals, Physician Offices, Clinical Laboratories, Manufacturers, Reverse Distributors), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025

Global Medical Waste Management Market will cross USD 29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017. The market is growing at a CAGR of 5.4% in the forecast period 2018 to 2025

The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, eco-friendly waste management procedures and growing government initiatives. On the other hand lack of awareness about health hazards and lack of skilled professionals for proper disposal may hinder the growth of the global medical waste management market.

Market Segmentation: Global Medical Waste Management Market

  • The global medical waste management market is segmented based on type of waste into two notable segments; hazardous waste and non-hazardous waste. In 2018, non-hazardous segment is estimated to rule with 85.9% shares and will cross USD 25,645.52 million by 2025, rising at the CAGR of 5.5%. Hazardous waste is sub segmented into infectious & pathological waste, pharmaceutical waste, sharps and others.
  • The global medical waste management market is segmented based on service type into four notable segments; collection, transportation and storage, treatment and disposal, recycling and others. In 2018, collection, transportation and storage is estimated to rule with 64.2% shares and will cross USD 18,893.89 million by 2025, rising at the CAGR of 5.3%. However, recycling is expected to grow at the highest CAGR of 6.1% in the forecast period, and is expected to reach USD 1,963.38 million in 2025 from USD 1,293.16 million in 2017
  • The global medical waste management market is segmented based on treatment type into six notable segments; incineration, autoclaving, chemical treatment, irradiative, biological and others. In 2018, Incineration segment is estimated to rule with 60.4% shares and will cross USD 18,342.10 million by 2025, rising at the CAGR of 5.8%.
  • The global medical waste management market is segmented based on treatment site into two notable segments; offsite and onsite. In 2018, offsite segment is estimated to rule with 80.8% shares and will cross USD 24,147.11 million by 2025, rising at the CAGR of 5.5%. Offsite service type is sub segmented into collection, transportation and storage, treatment and disposal, recycling and others. In 2018, collection, transportation, & storage segment is estimated to rule with 66.5% shares and will cross USD 15,949.86 million by 2025, rising at the CAGR of 5.4%. However, recycling is expected to grow at the highest CAGR of 6.2% in the forecast period, and is expected to reach USD 1,557.88 million in 2025 from USD 971.03 million in 2017. Onsite service type is sub segmented into collection, treatment & disposal, recycling and others. In 2018, collection segment is estimated to rule with 52.6% shares and will cross USD 2,848.23 million by 2025, rising at the CAGR of 4.7%. However, recycling is expected to grow at the highest CAGR of 5.6% in the forecast period, and is expected to reach USD 682.91 million in 2025 from USD 445.02 million in 2017
  • The global medical waste management market is segmented based on category into two notable segments; controlled and uncontrolled. In 2018, controlled segment is estimated to rule with 90.2% shares and will cross USD 26,954.98 million by 2025, rising at the CAGR of 5.5%.
  • The global medical waste management market is segmented based on source of generation into five notable segments; hospitals, physician offices, clinical laboratories, manufacturers and reverse distributors. In 2018, hospitals segment is estimated to rule with 63.9%shares and will cross USD 19,303.02 million by 2025, rising at the CAGR of 5.7%.
  • Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. The North America is expected to dominate the market with 42.2% share in 2018 and Asia Pacific is growing with the highest CAGR of 6.3% in the forecast period of 2018-2025.

Key Drivers: Global Medical Waste Management Market

The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, eco-friendly waste management procedures and growing government initiatives. On the other hand lack of awareness about health hazards and lack of skilled professionals for proper disposal may hinder the growth of the global medical waste management market.

Key Points: Global Medical Waste Management Market

In 2017, the global medical waste management market is dominated Stericycle by with market share of 25.4%, followed by Veolia 19.8%, and SUEZ 15.6%.

  • The infectious & pathological waste segment is dominating the global medical waste management market.
  • The collection, transportation, & storage segment is expected to grow with the highest CAGR of 6.1% in the forecast period 2018 to 2025.

SKU-
CHOOSE LICENCE TYPE
  • 7000.00     
  • 4800.00     
  • 3000.00     
  • 8000.00     
  • 12000.00     
BUY NOW ADD TO CART
Why Choose Us