Market Research Report
Medical Waste Management Market by Service (Collection, Treatment, Disposal, Incineration, Recycling), Type of Waste (Non-Hazardous, Infectious, Pharmaceuticals), Treatment Site (Offsite, Onsite), Waste Generator (Hospitals) - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||924485|
|Published||Content info||147 Pages
Delivery time: 1-2 business days
|Medical Waste Management Market by Service (Collection, Treatment, Disposal, Incineration, Recycling), Type of Waste (Non-Hazardous, Infectious, Pharmaceuticals), Treatment Site (Offsite, Onsite), Waste Generator (Hospitals) - Global Forecast to 2025|
|Published: February 5, 2020||Content info: 147 Pages||
"The global medical waste management market size is projected to register a CAGR of 5.6% during the forecast period"
The global medical waste management market size is projected to reach USD 9.0 billion by 2025 from USD 6.8 billion in 2020, at a CAGR of 5.6%. The increasing volume of healthcare waste and the growing geriatric and obese populations are the major factors driving the growth of the global medical waste management market. However, hospitals, healthcare institutes, and pharmaceutical companies have to make significant investments for the collection and processing of waste in an appropriate manner so as to reduce environmental pollution. This, coupled with the low awareness in developing countries, is expected to affect the growth of this market during the forecast period.
The medical waste management market by service is categorized into collection, transportation, and storage services; treatment & disposal services; and recycling services. The collection, transportation, and storage services segment is expected to register the highest CAGR during the forecast period. The growth of this segment is mainly driven by an increasing amount of waste generated by healthcare facilities and the rising number of surgeries performed in the hospitals.
On the basis of the treatment site, the medical waste management market is segmented into and onsite treatment. The offsite treatment segment is expected to account for the largest share of the global medical waste management market in 2019. Factors such as the increasing number of conferences and high costs associated with onsite medical waste treatment are driving the growth of the offsite treatment segment.
Geographically, the medical waste management market is dominated by North America, which is then followed by Europe for 2019. However, the Asia Pacific region is estimated to grow at the fastest rate owing to the increasing number of hospitals and clinics, growing population, and increasing medical waste generation by healthcare facilities are driving market growth in this region.
The key players in the medical waste management market include: Stericycle (US), Veolia Environnement S.A. (France), Suez Environnement (France), Clean Harbors (US), REMONDIS AG & Co. KG (Germany), Sharps Compliance, Inc. (US), Waste Management, Inc., (US), BioMedical Waste Solutions, LLC (US), Daniels Sharpsmart Inc. (Australia), Republic Services, Inc. (US), EcoMed Services (US), GRP & Associates (US), BWS Incorporated (US), MedPro Disposal (US), GIC Medical Disposal (Canada), Gamma Waste Services (US), Triumvirate Environmental (US), EPCO (Saudi Arabia), Casella Waste Systems, Inc. (US), & All Medical Waste Australia Pty Ltd. (Australia).
The report analyzes the medical waste management market by service, treatment site, waste generator, type of waste, and region. Apart from comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by market players over the last three years. In addition, the company profiles include the product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market. Market research data, current market size, and forecast of future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output to remain successful in the market.
This report will enable both established firms and new entrants/smaller firms to gauge the pulse of the market, which, in turn, will help these firms garner greater market shares. Firms purchasing the report can use any one, or a combination of the below mentioned five strategies for strengthening their market shares.
The report provides insights on the following pointers:
(Business Overview, Products Offered, Recent Developments, MnM View)*
Business Overview, Products Offered, Recent Developments, MnM View might not be captured in case of unlisted companies.