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Market Research Report

Global Medical Waste Management Market - 2019-2026

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Global Medical Waste Management Market - 2019-2026
Published: May 1, 2019 Content info: 130-180 Pages
Description

Global Medical Waste Management Market Overview

The Global Medical Waste Management market was valued at USD XX million in 2018 and expected to grow at a CAGR of XX% to reach a market value of USD XX million by 2026.

Medical waste is any kind of waste that potentially contains infectious material. Medical waste can be solid or liquid (it can contain bodily fluids like blood or other contaminants). The 1988 Medical Waste Tracking Act defines Medical Waste as 'waste generated during medical testing, research, immunization, diagnosis, or treatment of either human beings or animals.' Some examples include glassware, culture dishes, gloves, bandages, swabs, discarded sharps like needles or scalpels. Common sources of biomedical waste include hospitals, medical research laboratories, emergency medical services, nursing homes, health clinics, dentists, veterinarians' morgues or funeral homes.

Global Medical Waste Management Market - Market Dynamics

The global market for the Medical Waste Management Market is primarily driven by the increasing initiatives by government authorities, a large amount of healthcare waste generated and raising awareness on using eco-friendly and safe waste management and treatment processes. According to the World Health Organization, an estimated 16 billion injections are administered every year worldwide. But, not all needles and syringes were disposed safely, creating a risk of injury and infection and opportunities for reuse. Other factors driving the market is the development of the overall healthcare industry including R&D which is triggering the demand for waste management systems. Furthermore, the increase in technological advancements and the rising generation of excess medical waste across the globe are anticipated to propel the growth of the medical waste management market globally.

However, lack of reimbursement policies and the high cost of some medical waste management systems may hinder the market progress.

Global Medical Waste Management Market - Segment Analysis

By Service Type, the Global Medical Waste Management Market is segmented into Disposal, Recycling, Collection, Transportation & Storage, and Others. The disposal of waste segment accounts for the largest revenue share. Increasing government initiatives for the disposal of medical waste is expected to drive the growth of this market segment. However, the recycling segment is anticipated to be the fastest-growing segment during the forecast period due to the development of innovative and eco-friendly techniques.

By Treatment, the Global Medical Waste Management Market is segmented into Chemical treatment, Incineration, Autoclaving, and Others. Incineration holds the most significant market share as it is the simple, effective and highly preferred method used for the disposing of medical waste. The Environmental Protection Agency reports about 80% of biohazardous waste continue to end up in incineration facilities. However, the Environment Protection Agency has imposed strict regulations concerning incineration of waste due to the increasing global warming. Hence, chemical treatment and other non-incineration methods are predicted to replace incineration in the near future.

By Type of Waste, the Medical Waste Management market is bifurcated into Non-Hazardous and Hazardous Waste. Hazardous Waste is further sub-segmented into Infectious & Pathological Waste, Pharmaceutical Waste, Sharps and others. The non-hazardous waste segment accounts for the most substantial share of the market. Non-Hazardous are almost 80% of the total waste generated by healthcare facilities, while the remaining 20% of waste is considered to be hazardous and may be infectious, toxic, or radioactive.

Global Medical Waste Management Market- Geographical Analysis

North America leads the global medical waste management market owing to the stringent laws for medical waste management, increasing healthcare expenditure, high use of biomedical technologies and products, presence of a large number of healthcare waste generators and high awareness about safe medical waste disposal. Moreover, the rapidly aging population and increasing incidents of infectious and chronic diseases which require medical and surgical aids, which generate a large number of byproducts and residues is driving the market growth. Stringent government regulations regarding the handling of medical waste have been one of the major factors driving the medical waste management market. For instance, the U.S. Department of Labor Occupational Safety & Health Administration (OSHA), regulates several aspects of medical waste, including management of sharps, requirements for containers that hold or store medical waste, labeling of medical waste containers, and employee training. These standards are designed to protect healthcare workers from the risk of exposure to blood-borne pathogens. However, they also help to systematically manage wastes, which benefit the public and the environment.

Asia Pacific is anticipated to exhibit the fastest CAGR during the forecast period due to the presence of a large patient population, improving healthcare infrastructure coupled with growing social awareness and establishment of regulations for the proper disposal of medical residues and by-products.

Global Medical Waste Management Market- Competitive Analysis

Key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches are other ways the leading players improve their market presence.

In April 2019, RedHawk Holdings Corp. announced it is increasing its business focus on the development and sale of its line of Sharps and Needle Disintegration Devices ("SANDD") designed for the safe and environmentally friendly incineration and disposal of hypodermic needles. RedHawk offers two SANDD medical devices - SANDD mini and the SANDD Pro.

In April 2019, Waste Management and Advanced Disposal, two of America's largest waste-management companies, are joining forces in a $4.9 billion deal. Texas-based Waste Management has agreed to acquire Florida-based Advanced Disposal for about $2.9 billion in cash, marking one of the biggest acquisitions in the waste collection, recycling, and disposal spaces in more than a decade.

In December 2018, Mauser Packaging Solutions, a global leader in solutions and services across the packaging lifecycle, has launched the first medical waste container made of 100% recycled plastics generated from post-consumer packaging waste.

In September 2018, Sharps Compliance Corp. announced that the Addictive and Mental Disorders Division (AMDD) of the Montana Department of Public Health and Human Services (DPHSS) is to purchase 212 of the Company's 38-Gallon MedSafe Medication Disposal Systems via the partnership for Success Grant that was recently awarded.

Key Takeaways:

  • The global market for the Medical Waste Management Market is primarily driven by the increasing initiatives by government authorities, a large amount of healthcare waste generated and raising awareness on using eco-friendly and safe waste management and treatment processes.
  • The disposal of waste segment accounts for the largest revenue share. Incineration holds the most significant market share as it is the simple, effective and highly preferred method used for the disposing of medical waste. The non-hazardous waste segment accounts for the most substantial share of the market.
  • North America leads the global medical waste management market owing to the stringent laws for medical waste management, increasing healthcare expenditure, high use of biomedical technologies and products, presence of a large number of healthcare waste generators and high awareness about safe medical waste disposal.
  • New product launches are other ways the leading players improve their market presence. In April 2019, RedHawk Holdings Corp. announced it is increasing its business focus on the development and sale of its line of Sharps and Needle Disintegration Devices ("SANDD") designed for the safe and environmentally friendly incineration and disposal of hypodermic needles.

Why Purchase the Report?

  • Visualize the composition of the global Medical Waste Management Market across each indication, in terms of Service Type and Treatment options, highlighting the key commercial assets and players.
  • Identify commercial opportunities in global Medical Waste Management Market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the global Medical Waste Management Market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Service Type mapping in excel for the key Service Types of all major market players

Target Audience:

  • Equipment Suppliers/ Buyers
  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

SECTION 1

1. Global Medical Waste Management Market Methodology and Scope

  • 1.1 Research methodology
  • 1.2 Research Objective and Scope of the Report

SECTION 2

2. Global Medical Waste Management Market - Market Definition and Overview

SECTION 3

3. Global Medical Waste Management Market - Executive Summary

  • 3.1 Market Snippet By Service Type
  • 3.2 Market Snippet By Treatment
  • 3.3 Market Snippet By Treatment Site
  • 3.4 Market Snippet By End-user
  • 3.5 Market Snippet by Region

SECTION 4

4.Global Medical Waste Management Market - Market Dynamics

  • 4.1 Market Impacting Factors
    • 4.1.1 Drivers
      • 4.1.1.1 Growing government initiatives
      • 4.1.1.2 Large Amount of Healthcare Waste Generated
      • 4.1.1.3 Driver 3
    • 4.1.2 Restraints
      • 4.1.2.1 Lack of stringent of regulations for medical waste management in developing countries.
      • 4.1.2.2 Restraint 2
    • 4.1.3 Impact Analysis

SECTION 5

5. Global Medical Waste Management Market - Industry Analysis

  • 5.1 Porter's Five Forces Analysis
  • 5.2 Pricing Analysis
  • 5.3 Regulatory Analysis
  • 5.4 Principles of Waste Management

SECTION 6

6. Global Medical Waste Management Market - By Service Type

  • 6.1 Disposal
  • 6.2 Recycling
  • 6.3 Collection, Transportation & Storage
  • 6.4 Others

SECTION 7

7. Global Medical Waste Management Market - By Treatment

  • 7.1 Chemical treatment
  • 7.2 Incineration
  • 7.3 Autoclaving
  • 7.4 Biological
  • 7.5 Others

SECTION 8

8. Global Medical Waste Management Market - By Type of Waste

  • 8.1 Non-Hazardous Waste
  • 8.2 Hazardous Waste
    • 8.2.1 Infectious & Pathological Waste
    • 8.2.2 Pharmaceutical Waste
    • 8.2.3 Sharps
    • 8.2.4 Other Medical Waste

SECTION 9

9. Global Medical Waste Management Market - By Treatment Site

  • 9.1 Offsite Treatment
  • 9.2 Onsite Treatment

SECTION 10

10. Global Medical Waste Management Market - By Region

  • 10.1 North America
    • 10.1.1 U.S.
    • 10.1.2 Canada
    • 10.1.3 Mexico
  • 10.2 Europe
    • 10.2.1 Germany
    • 10.2.2 U.K.
    • 10.2.3 France
    • 10.2.4 Italy
    • 10.2.5 Spain
    • 10.2.6 Rest of Europe
  • 10.3 South America
    • 10.3.1 Brazil
    • 10.3.2 Argentina
    • 10.3.3 Rest of South America
  • 10.4 Asia Pacific
    • 10.4.1 China
    • 10.4.2 India
    • 10.4.3 Japan
    • 10.4.4 Australia
    • 10.4.5 Rest of Asia Pacific
  • 10.5 The Middle East and Africa

SECTION 11

11. Global Medical Waste Management Market - Competitive Landscape

  • 11.1 Competitive Scenario
  • 11.2 Competitor Strategy Analysis
  • 11.3 Comparative Service Type Portfolio Analysis
  • 11.4 Market Positioning/Share Analysis
  • 11.5 Mergers and Acquisitions Analysis

SECTION 12

12. Company Profiles

  • 12.1 Stericycle Inc.
  • 12.2 Sharp Compliance Inc.
  • 12.3 Waste Management Inc.
  • 12.4 Clean Harbors Inc.
  • 12.5 Suez Environnement S.A.
  • 12.6 Republic Services Inc.
  • 12.7 Daniels Sharpsmart Inc.
  • 12.8 Veolia Environment
  • 12.9 BioMedical Waste Solutions LLC
  • 12.10 Remondis Medison GmbH

SECTION 13

13. Global Medical Waste Management Market - Premium Insights

SECTION 14

14. Global Medical Waste Management Market - DataM

  • 14.1 Appendix
  • 14.2 About Us and Services
  • 14.3 Contact Us
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