Medical Waste Management Market by Waste Type (Non-Hazardous, Infectious, Sharps, Pharmaceutical), Service (Collection, Treatment & Disposal [Incineration, Autoclaving], Recycling), Treatment Site (Off-site, On-site), Source - Global Forecast to 2030

Medical Waste Management Market by Waste Type (Non-Hazardous, Infectious, Sharps, Pharmaceutical), Service (Collection, Treatment & Disposal [Incineration, Autoclaving], Recycling), Treatment Site (Off-site, On-site), Source - Global Forecast to 2030

Medical Waste Management Market by Waste Type (Non-Hazardous, Infectious, Sharps, Pharmaceutical), Service (Collection, Treatment & Disposal [Incineration, Autoclaving], Recycling), Treatment Site (Off-site, On-site), Source - Global Forecast to 2030

The medical waste management market is expected to reach $17.02 billion by 2030, at a CAGR of 5.4% from 2023 to 2030.

Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report studies the key industry drivers, restraints, challenges, and opportunities. The growth of this market is driven by the increase in the volume of medical waste generated, stringent regulations for medical waste management, and the growing number of surgical procedures. Additionally, the growing utilization of single-use devices and emerging economies offer opportunities for market growth. However, the lack of standardized regulations for medical waste management is restraining the market growth. Additionally, a lack of awareness regarding medical waste management in developing countries is challenging market growth.

Based on waste type, the global medical waste management market is segmented into non-hazardous and hazardous waste. In 2023, the non-hazardous segment is expected to account for a larger share of the market.

Based on service, the market is segmented into collection, transportation, and storage; treatment & disposal services; and recycling. In 2023, the collection, transportation, and storage segment is expected to account for the largest share of the market. The key factors attributing to the segment's large share are the high volume of medical waste generated from healthcare facilities and high awareness regarding the collection, transportation, and storage of medical waste. Further, during and post-COVID-19 pandemic, the importance of transporting various medical waste from storage to disposal areas increased considerably, supporting the largest share.

Based on treatment site, the market is segmented into off-site and on-site treatment sites. In 2023, the off-site treatment segment is expected to account for the largest share of the global medical waste management market. The large market share of this segment is mainly attributed to the advantages of off-site treatment, such as less manpower requirement for handling and disposal of medical waste and cost efficiency offered by the treatment and disposal of medical waste.

Based on source, the global medical waste management market is segmented into hospitals & clinics, diagnostic laboratories, research laboratories, blood banks, and other sources. In 2023, the hospitals & clinics segment is expected to account for the largest share of the global medical waste management market. Hospitals generate various types of waste, including hazardous and non-hazardous. Hospital waste generally includes expired pharmaceuticals, infectious, needles, chemicals, radioactive items, and sharps, in addition to the items such as packages of medical items and medication boxes and others.

An in-depth analysis of the geographic scenario of medical waste management provides detailed qualitative and quantitative insights into five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2023, North America is estimated to account for the largest share of the medical waste management market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The large volume of medical waste generated, environmental awareness regarding medical waste management, and the presence of policies for regulating the same are the factors contributing to the large market share of this region.

Some of the key players operating in the global medical waste management market report are Biomedical Waste Solutions, LLC (U.S.), Clean Harbors, Inc. (U.S.), Daniels Sharpsmart Inc. (U.S.), Stericycle, Inc. (U.S.), Veolia Environnement SA (France), Waste Management, Inc. (U.S.), EcoMed Services (Canada), and Gamma Waste Services (U.S.), REMONDIS SE & CO. KG (Germany), GIC Medical Disposal, Inc. (Canada).

Scope of the Report

Global Medical Waste Management Market, by Waste Type

Non-hazardous Waste
Hazardous Waste
Infectious & Pathological Waste
Pharmaceutical Waste
Sharps Waste
Other Hazardous Waste

(Note: Other hazardous waste includes chemical and radioactive waste)

Global Medical Waste Management Market, by Service

Collection, Transportation, and Storage
Treatment & Disposal Services
Incineration
Autoclaving
Chemical Treatment
Other Treatments & Disposal Services
Recycling

(Note: Other treatment and disposal services include electro-pyrolysis, irradiation, and vitrification)

Global Medical Waste Management Market, by Treatment Site

Off-site treatment
On-site Treatment

Global Medical Waste Management Market, by Source

Hospitals & Clinics
Diagnostic Laboratories
Research Laboratories
Blood Banks
Other Sources

(Note: Other sources include mortuary and autopsy centers; long-term care facilities; nursing homes; veterinary practices; dialysis centers; and radiation centers)

Global Medical Waste Management Market, by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
Japan
China
India
Rest of APAC (RoAPAC)
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa

Medical Waste Management Market - Report Summary

Report Metrics	Details
Years Considered	2023 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	196
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Waste Type, Market By Service, Market By Treatment Site, and Market By Source
Key Companies Mentioned	Key Companies Mentioned Biomedical Waste Solutions, LLC (U.S.), Clean Harbors, Inc. (U.S.), Daniels Sharpsmart Inc. (U.S.), Stericycle, Inc. (U.S.), Veolia Environnement SA (France), Waste Management, Inc. (U.S.), EcoMed Services (Canada), and Gamma Waste Services (U.S.), REMONDIS SE & CO. KG (Germany), GIC Medical Disposal, Inc. (Canada).

FAQs About the Report

What is the focus of the global medical waste management market?

This study offers a detailed assessment of the medical waste management market, including the market size & forecast for various segmentation like waste type, service, treatment site, and source. The medical waste management market studied in this report also involves the value analysis of various segments of medical waste management services provided at regional and country levels.

What is the value of revenue generated from medical waste management across the globe? At what rate is their demand expected to grow for the next 5-7 years?

The global medical waste management market is projected to reach $17.02 billion by 2030, at a CAGR of 5.4% during the forecast period.

Which waste type is expected to account for the largest share of the market in 2023?

Based on waste type, in 2023, the non-hazardous waste segment is estimated to account for the largest share.

Which services segment is expected to account for the largest share during the forecast period?

Based on service, the collection, transportation, and storage segment is expected to account for the largest share of the market.

What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the global medical waste management market?

The growth of this market is driven by the increase in the volume of medical waste generated globally, stringent regulations for medical waste management, and the growing number of surgical procedures. Additionally, the growing utilization of single-use devices and emerging economies offer opportunities for market growth. However, the lack of standardized regulations for medical waste management is restraining the market growth. Additionally, the lack of awareness regarding medical waste management in developing countries is challenging market growth.

Who are the major players operating in the global medical waste management market?

The key players operating in the global medical waste management market are Biomedical Waste Solutions, LLC (U.S.), Clean Harbors, Inc. (U.S.), Daniels Sharpsmart Inc. (U.S.), Stericycle, Inc. (U.S.), Veolia Environnement SA (France), Waste Management, Inc. (U.S.), EcoMed Services (Canada), and Gamma Waste Services (U.S.), REMONDIS SE & CO. KG (Germany), and GIC Medical Disposal, Inc. (Canada).

Which regions/countries are expected to offer significant growth opportunities for the market players operating in the global medical waste management market?

Emerging economies like China and India are projected to offer significant growth opportunities to the market players due to increased environmental awareness regarding waste management.