The global medical waste management market size was valued at USD 21.0 billion in 2016 and is expected to grow with CAGR of 5.4% over the forecast period. Growth of the overall medical and healthcare industry is triggering the demand of these systems. Continuous R&D in this industry is resulting in advanced diagnostic, surgical, and treatment solutions. In addition, rising prevalence of diseases such as cancer & other chronic disorders and increasing geriatric population & road accidents result in higher demand for these advanced medical solutions. Thus, commercial availability of advanced medical solutions coupled with expanding patient pool is causing a large amount of waste and byproducts.
The development of innovative manufacturing techniques for drugs and medical devices in the pharmaceuticals industry is growing rapidly. Furthermore, the growth of market is also reflected by the efficient supply of inventories required in day-to-day functioning of hospitals, clinics, and diagnostic centers. This results in generation of more waste. These by products and residues need a proper system or service for collection, transportation, disposal, and recycling of specific materials or byproducts, if required.
China medical waste management market, by treatment, 2014 - 2025 (USD Million)
Some of the treatment, disposal, and recycling procedures release harmful gases and compounds such as mercury and oxides. These hazardous compounds can cause land, air, & water pollution, resulting in spreading of infectious agents, which may cause cancer. Thus, development and adoption of advanced techniques in treatment, disposal, and recycling of these materials is driving the growth. In addition, favorable government initiatives in funding medical waste management programs in emerging markets is anticipated to trigger the growth.
However, a drastic shift in the market from larger players to smaller-size local players is anticipated to impede the growth. The developing countries invest high amount of capital for the adoption of sophisticated technologies to aid in reducing pollution and other hazardous effects on the ecosystem during the treatment & disposal. However, these countries lack clear & stringent guidelines and regulations for the management of medical waste, thereby hindering the market growth.
The market is segmented on the basis of services and treatment performed on materials. The players in this industry provide services that include collection, transportation, storage, treatment, disposal, and recycling of waste. These services can be performed onsite or offsite. Usually disposal and treatment of material is outsourced offsite, hence, this segment accounts for the largest share. However, to minimize the cost & holding time of waste, adoption of onsite disposal and treatment is rapidly increasing. Many firms are starting up their own onsite treatment, disposal systems, and recycling units. Thus, this segment is expected to be the fastest growing during the forecast period.
The treatment and disposal of waste segment accounted for the largest revenue share in 2015. However, recycling segment is expected to be the fastest-growing segment during the forecast period due to development of innovative and ecofriendly techniques such as the “Best From the Waste”.
These materials undergo variety of treatments such as incineration, autoclaving, and thermal & chemical processing for disposal. The incineration segment holds the largest share since it is an easy and old method of disposal. On the other hand, incineration leads to the emission of harmful gases and compounds that result in air, water, and land pollution, which cause infectious diseases such as asthma. Hence, treatments involving chemical-processing and other nonincineration methods are expected to replace incineration in the near future.
Global medical waste management market by services, 2016 (USD Million)
North America dominated the market by capturing the largest revenue share of over 32.0% in 2016. A highly developed healthcare sector and rising prevalence of infectious & chronic diseases that require advanced medical & surgical aids, which generate a large number of byproducts and residues is driving the market growth.
Asia Pacific is expected to exhibit the highest growth in the near future due to rising social awareness and establishment of stringent regulations for the proper disposal of residues and byproducts. Adoption of ecofriendly disposal and recycling processes is anticipated to trigger growth.
Some of the major players competing in the industry include REMONDIS SE & Co. KG; Republic Services, Inc.; Sharp Compliance, Inc.; Stericycle, Inc.; Suez environnement; Veolia; and Waste Management, Inc.
These companies hold a strong position in the global market mainly due to strong brand identity and their commercial availability across the globe. In addition, these players are adopting various strategies to remain competent in the market.
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Attribute |
Details |
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Base year for estimation |
2016 |
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Actual estimates/Historical data |
2014 - 2015 |
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Forecast period |
2017 - 2025 |
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Market representation |
Revenue in USD Million and CAGR from 2017 to 2025 |
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Regional scope |
North America, Europe, Asia Pacific, Latin America & MEA |
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Country scope |
U.S., Canada, UK, Germany, China, Japan, Brazil, Mexico, & South Africa |
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Report coverage |
Revenue, company share, competitive landscape, growth factors, trends |
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15% free customization scope (equivalent to 5 analysts working days) |
If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the medical waste management market on the basis of services, treatment and regions:
Services Outlook (Revenue, USD Million; 2014 - 2025)
Onsite
Collection
Treatment
Recycling
Others
Offsite
Collecting, transportation, storage
Treatment
Recycling
Others
Treatment Outlook (Revenue, USD Million; 2014 - 2025)
Incineration
Autoclaving
Chemical treatment
Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
North America
U.S.
Canada
Europe
Germany
UK
Asia Pacific
China
Japan
Latin America
Mexico
Brazil
MEA
South Africa
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