Medical Waste Management Market by Type (Non-Hazardous Waste, Hazardous Waste), Service, Treatment Site, Waste Generator, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Medical Waste Management Market by Type (Non-Hazardous Waste, Hazardous Waste), Service, Treatment Site, Waste Generator, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Medical Waste Management Market Size

The global medical waste management market size was valued at $9.79 billion in 2024 and is projected to reach $14.20 billion by 2030, growing at a CAGR of 6.4% during the forecast period.

Medical Waste Management Market Overview

Medical waste management involves the proper handling of biomedical waste through different methods like autoclaving, chemical treatment, and incineration. This waste is generated by hospitals, laboratories, research facilities, and surgical centers. The goal of medical waste management is to ensure that biological waste is collected, stored, treated, and disposed of correctly, thereby protecting the health and safety of people, animals, and the environment.

Medical Waste Management Market Dynamics

• The medical waste management market has a promising growth potential due to several factors which includes the increasing use of reusable surgical products, increasing patient population, and rise in volume of medical waste.
• Additionally, increase in prevalence of chronic disease and increasing focus on healthcare are the prominent factors driving the growth of the market.
• However, high-capital investments and lack of awareness regarding health hazards associated with medical waste are restraining the market growth.
• On the contrary, growing government initiatives for medical waste disposal and rising awareness programs for medical waste management are creating opportunities for market growth.

By Type, Non-Hazardous Waste Segment Constitutes Immense Share with Medical Waste Management Market

The non-hazardous waste segment holds a significant portion within the medical waste management market during the forecast period owing to the increasing emphasis on regulatory compliance and environmental sustainability, along with the rise in healthcare spending and demand for medical supplies. Although non-hazardous waste may not pose immediate risks, its improper disposal can have adverse effects on the environment. Consequently, there has been a heightened focus on adhering to stringent regulations and guidelines for the proper management and disposal of medical waste, particularly non-hazardous waste. Compliance with these regulations is essential for healthcare facilities to avoid penalties and safeguard their reputation. According to the World Health Organization (WHO), approximately 85% of the waste generated from healthcare activities falls under the category of general non-hazardous waste, encompassing items such as Over-the-Counter (OTC) medications, antibiotics, vials, creams, and other related products.

By Geography, North America Dominates by Being the Largest Market for Medical Waste Management

The North America leads as the largest market for medical waste management during the forecast period due to the region’s highly developed healthcare sector, which is equipped to handle the increasing prevalence of infectious and chronic diseases requiring advanced medical resources and treatment. Furthermore, initiatives such as equipment recycling programs in numerous U.S. hospitals contribute significantly to regional market growth. A study published in July 2020 titled "Application of the Sterilization Process for Inactivation of Bacillus Stearothermophilus in Biomedical Waste and Associated Greenhouse Gas Emissions" highlighted a substantial increase in the annual production of biomedical waste from 2009 to 2019. The study revealed that the United States produces a significant amount of biomedical waste, with approximately 60% being incinerated and 37% disinfected, necessitating various medical waste management treatments.

Key Target Audience:

• Healthcare Facilities
• Waste Management Companies
• Suppliers of Medical Waste Management
• Patients and Public Health Advocates

List of the Key Players Profiled in the Report Includes:

• Veolia Environnement SA
• Clean Harbors, Inc.
• Stericycle Inc
• Waste Management Inc.
• BioMedical Waste Solutions LLC
• Daniels Sharpsmart, Inc.
• Gamma Waste Systems
• Republic Services, Inc.
• Triumvirate Environmental
• Ecomed Services
• Suez Environmental Services
• Remondis Medison

Recent Developments:

• In May 2022, Veolia Environnement S.A. finalized the acquisition of Suez Environnement. The deal involved an agreement to acquire all hazardous waste assets in France, addressing competition concerns raised by the European Commission.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:

• Non-Hazardous Waste
• Hazardous Waste

Market by, Service:

• Collection and Transportation Services
• Disposal Services
• Recycling Services
• Compliance and Consulting Services

Market by, Treatment Site:

• Offsite Treatment
• Onsite Treatment

Market by, Waste Generator:

• Hospitals
• Pharmaceutical Companies
• Research Institutes and Laboratories
• Blood Banks
• Veterinary Clinics
• Other Waste Generators

Market by, Geography:

The medical waste management market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report “Global Medical Waste Management Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.