Medical Waste Disposal Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 - 2025

Procurement Outlook

Medical waste contains potentially infectious materials generated by several healthcare facilities like hospitals, laboratories, physician’s offices, dental practices, veterinary clinics, and medical research facilities. The medical waste may include gloves, gauze, gowns, human or animal tissues, cultures of infectious diseases/agents, discarded vaccines, etc. Based on type, medical waste can be categorized into the following categories:

• Sharps: Needles, scalpels, lancets, broken glass, razors, ampules, staples, wires, and trocars.

• Infectious waste: Swabs, tissues, excreta, equipment, and lab cultures.

• Radioactive: Unused radiotherapy liquid or lab research liquid.

• Pathological: Human fluids, tissue, blood, body parts, bodily fluids, contaminated animal carcasses.

• Pharmaceuticals: Unused, expired, and/or contaminated vaccines, drugs, injectable, and pills.

• Chemical: Disinfectants, solvents used for laboratory purposes, batteries, and heavy metals from medical equipment.

• Genotoxic waste: Carcinogenic, teratogenic, or mutagenic, cytotoxic drugs.

• General non-regulated medical waste: Non-hazardous waste, other than chemical, biological.

These medical wastes is disposed of by first making it safe through a sterilization process. Waste that cannot be recycled, such as, gauze or needles, still needs to sanitized and make it non-hazardous before it can be disposed of. This inactivates all bacteria, viruses, fungi, and spores by using high temperature and thus the items are considered safe for recycling or disposal.

Demand Outlook

The global medical waste disposal market is valued at USD 7 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2025 due to the increasing volume of healthcare waste and from the pharmaceutical and healthcare industry post-Covid-19. North America and Europe have the largest share in the medical waste disposal market as these two regions have more standardized and structured medical waste management systems in place compared to other regions. However, APAC is expected to witness the highest growth rate, due to the rising social awareness and establishment of strict regulations for the proper disposal of medical wastes.

Cost Drivers

Incineration, sterilization through autoclaving and chemical treatment are the key cost drivers of medical waste disposal services accounting for more than 30% of the overall cost of service. The other major cost components include collection, transportation, and storage services.

Constraints

Incineration is the most common and highly preferred method among medical waste disposal companies due to its low cost. However, multiple environment protection agencies across the world have imposed stringent regulations regarding incineration due to increasing global warming. For instance, The Canadian Council of Ministers of the Environment has proposed new incinerator emission standards that will reduce current dioxin and mercury emissions by 80%.

Supply Chain

Stericycle, Veolia Environnement, Suez Environnement , Clean Harbors, REMONDIS AG, Sharps Compliance, Inc., Waste Management, Inc., BioMedical Waste Solutions, Daniels Sharpsmart Inc. Republic Services, Inc., EcoMed Services, GRP & Associates, BWS Incorporated, MedPro Disposal, GIC Medical Disposal, Gamma Waste Services, Triumvirate Environmental, EPCO, Casella Waste Systems, Inc. are some of the major medical waste disposal suppliers. The market feature a highly fragmented competitive landscape and several small players are entering the market. Grand View Research will help our client identify the best-suited suppliers by mapping their core capabilities and operational efficiency.