Enjoy complimentary customisation on priority with our Enterprise License!
The medical waste management market is projected to reach a value of USD 14.15 billion in 2027 with a CAGR of 5.5% between 2022 and 2027. In 2017, the US held the largest market share, projecting an annual revenue of USD 1.48 billion. The market report offers extensive research analysis on the market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments. The market's expansion is fueled by the burgeoning healthcare sector, escalating environmental apprehensions, and a rising trend toward outsourcing.
However, this momentum faces obstacles such as insufficient awareness, exorbitant expenses linked with medical waste disposal, and inadequate infrastructure. Despite the optimistic outlook generated by these growth drivers, overcoming these challenges is imperative for sustained market advancement. Tackling the issue of awareness deficiency necessitates targeted education and outreach initiatives. Moreover, addressing the cost barriers requires innovative cost-saving strategies and efficient resource allocation. Additionally, bridging the gap in infrastructure entails investment in facilities and logistics to support the expanding market demands. By navigating through these hurdles, the market can capitalize on its growth potential, aligning with evolving healthcare needs and environmental imperatives while fostering a more sustainable and efficient ecosystem.
The market refers to the industry involved in the proper handling, treatment, and disposal of medical waste. Incineration accounts for approximately 40% of the market share.
Analysis Period | 2017-2027 |
Market Size (2017) Historic Year | USD 8.79 billion |
Market Size (2027) - Forecasted Year | USD 14.15 billion |
Historic Opportunity (2017-2021) | USD 0.82 billion |
Historic CAGR | 2.25 % |
Forecasted Opportunity (2023-2027) | USD 3.32 billion |
Market Opportunity Transformation Growth | 60.98 % |
Market Opportunity Capitalization | USD 4.14 billion |
Our market forecast report includes an overview that involves a comprehensive analysis, integrating market trends and growth analysis. Market research and growth assessments contribute to a thorough market analysis and report, providing insights into dynamic trends that shape the industry's trajectory. Emphasizing market growth and forecasting, this overview offers a holistic understanding of the industry, addressing the evolving trends that influence the market's growth and forecast. The continuous market analysis and forecast reflect the industry's commitment to staying abreast of developments, ensuring that clinical byproduct management practices align with global standards and environmental sustainability goals.
To learn more about this market trends and analysis report, Download PDF Sample
The Global Surgical Waste Management Market refers to the industry involved in the proper handling, treatment, and disposal of medical waste. The global market is expected to witness significant growth in the coming years due to increasing healthcare activities and strict regulations. Key players in the market offer services such as collection, transportation, treatment, and disposal of medical waste. Stringent government regulations regarding the safe management of medical residue are driving the growth of the market. Technological advancements in treatment methods, such as microwave disinfection and autoclaving, are leading to more efficient and eco-friendly practices.
The market encompasses various facilities, including diagnostic labs, research centers, hospitals, laboratories, mortuaries, autopsy centers, blood banks, surgery centers, dental practices, physician's offices, veterinary clinics, and clinics. These healthcare facilities generate a significant amount of medical waste, which includes infectious materials, nicotine, and biomedical products. Proper management of this waste is crucial to prevent potential health hazards and ensure environmental sustainability. These systems employ various techniques such as incineration, autoclaving, and recycling services to dispose of medical waste effectively. Hospitals, in particular, generate large quantities of medical waste due to emergency services and surgical procedures. The geriatric population and chronic disease patients contribute to an increased demand for medical waste management services. Effective medical waste management is essential for maintaining the highest standards of hygiene and infection control in healthcare facilities. It is also crucial for ensuring the safe disposal of hazardous waste, such as infectious materials, to prevent potential health risks to the public and the environment.
The growing global population and increased healthcare demands have led to a significant rise in healthcare activities, resulting in an increased generation of medical waste. The global healthcare sector's expansion, fueled by population growth and escalating healthcare requirements, has resulted in a substantial increase in medical waste generation. This trend has necessitated the development and implementation of efficient medical waste management solutions. Strict regulations governing medical waste disposal have been enacted by healthcare providers, thereby boosting the demand for these services. In response, numerous specialized companies have emerged to offer outsourced medical waste management.
The market is experiencing substantial growth, particularly in economies like India and China, where the healthcare sector is rapidly expanding and generating substantial revenue. Chemical treatments are commonly utilized in medical waste management processes to ensure thorough sterilization and compliance with regulatory standards. Market research firms, such as Grand View Research, Marketsandmarkets, Future Market Insights, Future Business Insights, Mordor Intelligence, Data Bridge Research, and Transparency Market Research, provide in-depth analyses and forecasts for the medical waste management market, highlighting key trends, drivers, and opportunities. The flourishing healthcare industry presents a positive outlook for the global market's growth in the foreseeable future.
Significant Market Trend
The market has witnessed significant advancements through the adoption of innovative technologies, enhancing efficiency, cost reduction, and enhancing safety. Technological innovations, such as chemical treatments in microwave technology and autoclaving, mitigate risks associated with the improper handling, transport, and disposal of biohazardous and medical wastes. These advancements enable healthcare facilities to uphold stringent health and safety standards. Furthermore, the integration of digital solutions, including electronic waste tracking systems and cloud-based waste management software, bolsters transparency and efficiency in medical waste management processes. A key focus lies in safeguarding workers involved in medical waste management through the utilization of personal protective equipment, safety training, and ergonomic equipment.
Major Market Challenge
The market is a critical yet complex process due to the potential hazards it poses. This waste can include infectious agents, radioactive materials, and hazardous chemicals, necessitating specialized handling and disposal methods. Unfortunately, many healthcare providers and the public are uninformed about proper medical waste disposal, leading to improper disposal and potential health and environmental risks. Inaccurate segregation of medical waste can result in its mixing with non-hazardous waste, rendering the entire waste stream hazardous. Furthermore, hospital staff responsible for managing medical waste often lack awareness of segregation and disposal techniques, increasing the risk of health issues for these individuals. Chemical treatments play a significant role in medical waste management, ensuring the safe and effective neutralization or destruction of hazardous materials. Various market research firms, such as Grand View Research, Marketsandmarkets, Future Market Insights, Future Business Insights, Mordor Intelligence, Data Bridge Research, and Transparency Market Research, provide comprehensive analyses of the medical waste management market, emphasizing trends, growth drivers, and challenges.
Various types of waste arise from healthcare procedures, laboratories, and treatment sites worldwide. During the pandemic, initiatives to manage infectious diseases generated an increased volume of medical residue. In Spain, Japan, Mexico, South Korea, and Italy, incineration is a common method, while some organizations focus on recycling. The type of waste encompasses sharps, infectious materials, and hazardous substances. Latin America witnesses diverse approaches, with clinics and others adopting cost-effective waste management strategies. Efficient management of medical waste is crucial for public health, necessitating global collaboration and advancements in disposal methods to address environmental concerns and ensure the safety of healthcare workers and communities.
The management market operates within a regulatory framework guided by guidelines and regulations set by nations worldwide. The pharmaceutical sector is the fastest-growing segment in the market, with an annual growth rate of 7%. Stakeholders, including management industry leaders like Republic Services Inc., play a pivotal role in shaping the regulatory landscape.
In the Asia Pacific region, the prevalence of medical waste prompts the development of robust waste management services. Instances like Indonesia, Bangladesh, and Bhutan underscore the need for funding and recycling services. Market segmentation aligns with regulatory frameworks, considering the diverse spread of clients and ensuring compliance across the world. As regulations evolve, the market sector adapts to meet stringent standards, reflecting a collective effort to safeguard public health and the environment.
Medical waste management involves effective waste collection and segregation methods, crucial for handling the increasing amount of healthcare waste generated globally. Governments, recognizing the significance, invest in service collection infrastructure and treatment segments. Daniels Sharpsmart Inc. implements growth strategies, focusing on patent analysis and innovative waste treatment. In the United States and Maldives, healthcare services adapt to industry trends, addressing the issue of waste management during outbreaks. Chemical treatment is a prevalent method, ensuring the safe disposal market of medical waste. Research facilities and waste generators collaborate to implement efficient waste segregation, reflecting a collective commitment to sustainable and safe practices.
The non-hazardous segment was valued at USD 7.29 billion in 2017 and continued to grow until 2021. Medical waste disposal is a critical aspect of maintaining a safe and healthy environment in the healthcare industry. The global market for medical waste management continues to expand due to the increasing generation of medical waste and the potential hazards it poses to health workers and hospital patients. Approximately 85% of the waste produced in hospitals, laboratories, and clinics is non-hazardous biomedical waste, which includes plastic packaging, clean glass and plastic, paper and cardboard, and office products. Proper disposal of medical waste is essential to prevent the spread of infection from blood-borne pathogens and micro-organisms. Inappropriate management of medical waste can lead to hospital-acquired infections, posing significant risks to both health workers and patients.
Around 80% of medical waste generated in hospitals is non-infectious and can be safely disposed of through landfilling or recycling. Sharps waste, such as needles and syringes, require specialized disposal processes to prevent injury and cross-contamination. The healthcare sector, including hospitals, surgery centers, diagnostic centers, clinics, and research institutions, generates a significant amount of medical waste. The geriatric population and individuals with chronic diseases, such as cancer, cardiovascular disease, hypertension, and diabetes, contribute to the increasing volume of medical waste.
Pharmaceutical waste, including nicotine and hazardous chemicals, also requires proper disposal to prevent environmental contamination and potential health risks. Autoclaving services, which use moist heat, steam, or microwaving, are commonly used disposal methods for pathological waste, recognizable tissue, and body parts. Eco-friendly recycling is an emerging trend in the medical waste management market, offering a sustainable solution to the growing volume of waste. The research industry and healthcare facilities are increasingly adopting disposal processes that minimize the environmental impact of medical waste disposal. In conclusion, the medical waste management market is driven by the growing volume of medical waste, the potential hazards it poses to health workers and patients, and the need for sustainable disposal solutions. Proper disposal of medical waste, including sharps waste, pharmaceutical waste, and pathological waste, is essential to prevent infection and ensure a safe and healthy environment in the healthcare industry.
The market employs various treatment and disposal techniques to address pollution and ensure safety. Medical waste management market encompasses the provision of services for the collection, transportation, storage, treatment, disposal, and recycling of hazardous medical waste. Despite accounting for merely 2-3% of the global waste generation, medical waste poses significant risks due to the presence of harmful microorganisms, toxic drugs, and potential radiological hazards. Chemical treatments are a crucial aspect of medical waste management, ensuring the neutralization and destruction of hazardous substances. Compliant with Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) regulations, off-site medical waste management service providers specialize in handling and processing this hazardous waste, ensuring safe and efficient disposal methods.
Emerging technologies in the market are reshaping practices in countries like Singapore, the Philippines, and Thailand. The emphasis on market opportunities, especially in health facilities and offices, has led to innovative approaches such as microwaving. The market witnesses acquisitions and mergers, with collaborations and partnerships addressing the quantity and proper disposal of medical waste. BWS Incorporated, a prominent name in this category, plays a crucial role in addressing the increasing volumes of medical waste. With specific attention to handling hazardous items like needles and addressing the healthcare needs of cancer patients, these technologies offer sustainable solutions. Authorities and health agencies in China, Japan, and other states collaborate to implement advanced technologies, ensuring efficient industry for growing populations.
North America holds the largest market share in medical waste industry, with over 36% revenue contribution. Asia-Pacific also contributes significant growth. Medical waste disposal is a critical aspect of healthcare operations in North America, given the potential hazards posed by blood-borne pathogens, hospital-acquired infections, sharps waste, and micro-organisms. These hazards can cause serious illnesses among health workers and hospital patients if not managed properly. In 2022, North America led the global medical waste management market due to stringent regulatory requirements.
In the US, for instance, the Environmental Protection Agency (EPA) enforces regulations governing medical waste treatment and disposal. Additionally, many states mandate specific regulations for medical waste management in healthcare facilities. Biomedical waste, including pathological waste with recognizable tissue and body parts, must be managed carefully to prevent cross-contamination and potential health risks. Disposal processes for such waste involve various methods, such as autoclaving services, microwaving, moist heat, and steam. Hospitals are the largest segment of the medical waste management market, with single-use products contributing significantly to the waste stream.
The research industry, surgery centers, diagnostic centers, clinics, and geriatric population with chronic diseases also generate substantial medical waste. Hazardous waste, such as pharmaceuticals, nicotine, and research activities, require specialized disposal methods. Biomedical products and autoclaving are essential components of medical waste management, with chemical treatment and pharmaceutical waste disposal playing crucial roles. Cancer, cardiovascular disease, hypertension, and diabetes patients generate a considerable amount of medical waste due to their treatment requirements. Sharp waste disposal is another critical aspect of medical waste management, given the potential risks associated with needles and other sharp objects.
To understand geographic trends Download Report Sample
The market is fragmented in nature. Some significant players include Advanced Micro Devices Inc., All Medical Waste Australia Pty Ltd., BioMedical Waste Solutions LLC, BWS Inc., Casella Waste Systems Inc.
The market growth analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Clean Harbors Inc., Daniels Health, EcoMed Services, EPCO, Gamma Waste Systems, GIC Medical Disposal Inc., GRP and Associates Inc., Hawaii Bio Waste Systems Inc., Larson Miller Inc., MEDPRO Disposal LLC, Stericycle Inc., Trilogy MedWaste Inc., Triumvirate Environmental, Veolia Environnement SA, and Waste Management Inc.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
In the dynamic medical industry, effective Waste management systems are a crucial aspect. The Medical Waste Management market encompasses various types of waste generated from healthcare facilities, including infectious, non-infectious, and radioactive waste. This market is driven by several factors, including stringent regulations, increasing healthcare expenditures, and the growing number of hospitals and clinics. Centers play a significant role in medical waste management.
They are responsible for collecting, transporting, treating, and disposing of waste in a safe and environmentally friendly manner. Laboratories also contribute to medical waste generation, particularly in the form of chemical and hazardous waste. Hospitals and laboratories in the US and Europe are major contributors to the market. The market is expected to grow steadily due to the increasing focus on waste reduction and the implementation of advanced technologies for waste treatment and disposal. The use of autoclaves, incinerators, and shredders is common in medical waste management. These technologies ensure the safe and efficient disposal of waste while minimizing the risk of contamination.
Additionally, the adoption of sustainable practices, such as recycling and waste-to-energy, is gaining popularity in the market. In conclusion, the medical waste management market is a critical component of the healthcare industry. It is driven by various factors, including regulations, healthcare expenditures, and the growing number of healthcare facilities. Effective waste management is essential for ensuring patient safety, protecting the environment, and complying with regulations.
Market Scope |
|
Report Coverage |
Details |
Page number |
149 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2023-2027 |
USD 3.32 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Micro Devices Inc., All Medical Waste Australia Pty Ltd., BioMedical Waste Solutions LLC, BWS Inc., Casella Waste Systems Inc., Clean Harbors Inc., Daniels Health, EcoMed Services, EPCO, Gamma Waste Systems, GIC Medical Disposal Inc., GRP and Associates Inc., Hawaii Bio Waste Systems Inc., Larson Miller Inc., MEDPRO Disposal LLC, Stericycle Inc., Trilogy MedWaste Inc., Triumvirate Environmental, Veolia Environnement SA, and Waste Management Inc. |
Market dynamics |
Parent market analysis, market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our Market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Technique
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.