The medical waste management market was valued at US$ 10,563.25 million in 2018 and it is projected to reach US$ 16,495.8 million in 2027; it is expected to grow at a CAGR of 5.2% from 2019 to 2027.
Medical waste is referred to as the wastes that are generated at the medical facility centers and life science processing companies. The wasted generated by healthcare activities include body parts, blood, chemicals, soiled dressings, medical devices, diagnostic samples etc. the process of regulating the generation, handling, treating and disposal of these medical wastes are termed as medical waste management. The growth of the global medical waste management market is attributed to the increasing medical waste, initiatives undertaken for medical waste management and increasing number of patient admissions across the globe. However, lack of awareness about health hazards associated with medical waste is the major factor hindering the market growth.
The global medical waste management market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Lucrative Regions for Global Medical Waste Management Market
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Market Insights
Increasing Medical Waste to Drive Global Medical Waste Management Market Growth
With the modern medicine continuing to maintain and sustain current quality of wellness and care standards, the medical industry continues to produce enormous amount of byproducts that can pose adverse threat to both people and environment. Healthcare waste has witnessed comparatively lower attention in developing economies that has led to increasing diseases occurring due to side-effects of these waste products. According to the World Health Organization, an estimated of 16 billion injections are administered across the globe in 2018, however not all the sharps and needles and disposed orderly after their use. According to a report published by biomedical Waste Solutions, 5.9 million tons of medical waste was produced by American hospitals in 2018.
Furthermore, in emerging economies such as India that has high-tech medical facilities and is one of the most common destination for medical tourism also has a humongous amount of hospital waste generated in the country. For instance, according to the General Health Services India, the country generates approximately 550.9 tons of medical waste on a regular basis and is expected to produce775.5 tons of waste by 2022.
Moreover, according to the NHS UK, in 2015, the domestic material consumption was recorded to be 576 million tons, which is a slight decrease from 591 million tons in 2014. In addition, according to a survey conducted and published by Wockhardt Hospitals, on an average, high income countries generate up to 0.5 kg of hazardous waste per bed per day as compared to 0.2 kg that is generated in low income countries.
The rising volumes of these waste materials demands appropriate disposal mechanism that can be achieved through the services offered by medical waste management companies. Thus, the faster growing generation of medical waste products is likely to propel the growth of global medical waste management market over the forecast years.
Service Type -Based Insights
In terms of service type, the global medical waste management market is segmented into collection, transportation and storage, treatment and disposal, and recycling. In 2018, the treatment and disposal segment held largest share of the market. However, the recycling segment is estimated to grow at the fastest rate during the forecast period.
Global Medical Waste Management Market, by Service Type– 2018 and 2027
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Treatment Type-Based Insights
Based on treatment type, the global medical waste management market is segmented into incineration, autoclaving, chemical treatment, and others. The incineration segment held the largest market share in 2018. Also, the same segment is estimated to grow at the fastest rate during the forecast period.
Treatment Site-Based Insights
In terms of treatment site, the global medical waste management market is segmented into offsite and onsite. In 2018, the offsite segment held largest share of the market. The same segment is expected to register the highest CAGR during the forecast period.
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Medical Waste Management Market: Strategic Insights
Market Size Value in US$ 10,563.25 Million in 2018 Market Size Value by US$ 16,495.8 Million by 2027 Growth rate CAGR of 5.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Medical Waste Management Market: Strategic Insights
| Market Size Value in | US$ 10,563.25 Million in 2018 |
| Market Size Value by | US$ 16,495.8 Million by 2027 |
| Growth rate | CAGR of 5.2% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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The global medical waste management market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Global Medical Waste Management Market – by Service Type
- Collection
- Transportation and Storage
- Treatment and Disposal
- Recycling
Global Medical Waste Management Market – by Treatment Type
- Incineration
- Autoclaving
- Chemical Treatment
- Others
Global Medical Waste Management Market – by Treatment Site
- Offsite
- Onsite
Global Medical Waste Management Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Medasend Biomedical, Inc.
- Bondtech Corporation
- Sharps Compliance, Inc.
- Veolia
- Clean Harbors, Inc.
- Daniels Sharpsmart, Inc.
- Stericycle
- REMONDIS SE & Co. KG
- Republic Services, Inc.
- Waste Management, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service Type ; Treatment Type ; Treatment Site , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Medical Waste Management Market – By Service Type
1.3.2 Global Medical Waste Management Market – By Treatment Type
1.3.3 Global Medical Waste Management Market – By Treatment Site
1.3.4 Global Medical Waste Management Market – By Geography
2. Global Medical Waste Management Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Medical Waste Management– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe– PEST Analysis
4.2.3 Asia Pacific– PEST Analysis
4.2.4 Middle East and Africa – PEST Analysis
4.2.5 South and Central America – PEST Analysis
4.3 Expert Opinion
5. Global Medical Waste Management Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Medical Waste
5.1.2 Initiatives of Medical Waste Management
5.1.3 Increasing Number of Patient Admissions
5.2 Key Market Restraints
5.2.1 Lack of Awareness of Health Hazards Associated with Medical Waste
5.3 Key Market Opportunities
5.3.1 Development of Reliable Methods for Recycling Medical Waste
5.4 Future Trend
5.4.1 Adoption of Environment-Friendly Medical Waste Management Solutions
5.5 Impact Analysis of Drivers and Challenges
6. Medical Waste Management Market – Global Analysis
6.1 Global Medical Waste Management Market Revenue Forecasts And Analysis
6.2 Global Medical Waste Management Market, By Geography - Forecasts And Analysis
6.3 Performance Of Key Players
6.4 Positioning Of Key Players
7. Medical Waste Management Market Analysis And Forecasts To 2027 – Service Type
7.1 Overview
7.2 Global Medical Waste Management Market Share by Service Type 2018 & 2027 (%)
7.3 Collection
7.3.1 Overview
7.3.2 Collection Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Transportation and Storage
7.4.1 Overview
7.4.2 Transportation and Storage Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Treatment and Disposal
7.5.1 Overview
7.5.2 Treatment and Disposal Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Recycling
7.6.1 Overview
7.6.2 Recycling Market Revenue and Forecast to 2027 (US$ Mn)
8. Global Medical Waste Management Market Analysis And Forecasts To 2027 – Treatment Type
8.1 Overview
8.2 Global Medical Waste Management Market Share by Type 2018 & 2027 (%)
8.3 Incineration
8.3.1 Overview
8.3.2 Incineration Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Autoclaving
8.4.1 Overview
8.4.2 Autoclaving Market Revenue and Forecast to 2027 (US$ Mn)
8.5 Chemical Treatment
8.5.1 Overview
8.5.2 Chemical Treatment Market Revenue and Forecast to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
9. Medical Waste Management Market Analysis And Forecasts To 2027 – Treatment Site
9.1 Overview
9.2 Global Medical Waste Management Market Share by Treatment Site 2018 & 2027 (%)
9.3 Onsite
9.3.1 Overview
9.3.2 Onsite Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Off-Site
9.4.1 Overview
9.4.2 Off-Site Market Revenue and Forecast to 2027 (US$ Mn)
10. Medical Waste Management Market Revenue And Forecasts To 2027 – Regional Analysis
10.1 North America Medical Waste Management Market
10.1.1 Overview
10.1.2 North America Medical Waste Management Market Revenue And Forecasts to 2027 (US$ Mn)
10.1.3 North America Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.1.4 North America Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.1.5 North America Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.1.6 North America Medical Waste Management Market Revenue and Forecasts to 2027, By Country (%)
10.1.7 US Medical Waste Management Market
10.1.7.1 US Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.7.2 US Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.1.7.3 US Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.1.7.4 US Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.1.8 Canada Medical Waste Management Market
10.1.8.1 Canada Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.8.2 Canada Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.1.8.3 Canada Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.1.8.4 Canada Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.1.9 Mexico Medical Waste Management Market
10.1.9.1 Mexico Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.9.2 Mexico Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.1.9.3 Mexico Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.1.9.4 Mexico Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.2 Europe Medical Waste Management Market
10.2.1 Overview
10.2.2 Europe Medical Waste Management Market Revenue And Forecasts to 2027 (US$ Mn)
10.2.3 Europe Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.2.4 Europe Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.2.5 Europe Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.2.6 Europe Medical Waste Management Market Revenue and Forecasts to 2027, By Country (%)
10.2.7 UK Medical Waste Management Market
10.2.7.1 UK Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.7.2 UK Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.2.7.3 UK Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.2.7.4 UK Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.2.8 Germany Medical Waste Management Market
10.2.8.1 Germany Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.8.2 Germany Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.2.8.3 Germany Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.2.8.4 Germany Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.2.9 France Medical Waste Management Market
10.2.9.1 France Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.9.2 France Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.2.9.3 France Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.2.9.4 France Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.2.10 Spain Medical Waste Management Market
10.2.10.1. Spain Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.10.2 Spain Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.2.10.3 Spain Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.2.10.4 Spain Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.2.11 Italy Medical Waste Management Market
10.2.11.1.. Italy Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.11.2.. Italy Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.2.11.3.. Italy Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.2.11.4.. Italy Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.3 Asia Pacific Medical Waste Management Market
10.3.1 Overview
10.3.2 Asia Pacific Medical Waste Management Market Revenue And Forecasts to 2027 (US$ Mn)
10.3.3 Asia Pacific Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.3.4 Asia Pacific Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.3.5 Asia Pacific Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.3.6 Asia Pacific Medical waste management Market Revenue and Forecasts to 2027, By Country (%)
10.3.7 China Medical Waste Management Market
10.3.7.1 China Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.7.2 China Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.3.7.3 China Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.3.7.4 China Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.3.8 Japan Medical Waste Management Market
10.3.8.1 Japan Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.8.2 Japan Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.3.8.3 Japan Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.3.8.4 Japan Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.3.9 India Medical Waste Management Market
10.3.9.1 India Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.9.2 India Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.3.9.3 India Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.3.9.4 India Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.3.10 Australia Medical Waste Management Market
10.3.10.1 Australia Medical waste management Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.10.2 Australia Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.3.10.3 Australia Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.3.10.4 Australia Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.3.11 South Korea Medical Waste Management Market
10.3.11.1........... South Korea Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.11.2........... South Korea Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.3.11.3........... South Korea Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.3.11.4........... South Korea Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.4 Middle East & Africa Medical Waste Management Market
10.4.1 Overview
10.4.2 Middle East & Africa Medical waste management Market Revenue And Forecasts to 2027 (US$ Mn)
10.4.3 Middle East & Africa Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.4.4 Middle East & Africa Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.4.5 Middle East & Africa Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.4.6 Middle East & Africa Medical Waste Management Market Revenue and Forecasts to 2027, By Country (%)
10.4.7 UAE Medical Waste Management Market
10.4.7.1 UAE Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.7.2 UAE Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.4.7.3 UAE Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.4.7.4 UAE Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.4.8 Saudi Arabia Medical Waste Management Market
10.4.8.1 Saudi Arabia Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.8.2 Saudi Arabia Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.4.8.3 Saudi Arabia Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.4.8.4 Saudi Arabia Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.4.9 South Africa Medical Waste Management Market
10.4.9.1 South Africa Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.9.2 South Africa Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.4.9.3 South Africa Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.4.9.4 South Africa Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.5 South and Central America Medical Waste Management Market
10.5.1 Overview
10.5.2 South and Central America Medical Waste Management Market Revenue And Forecasts to 2027 (US$ Mn)
10.5.3 South and Central America Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.5.4 South and Central America Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.5.5 South and Central America Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.5.6 South and Central America Medical Waste Management Market Revenue and Forecasts to 2027, By Country (%)
10.5.7 Brazil Medical Waste Management Market
10.5.7.1 Brazil Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.7.2 Brazil Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.5.7.3 Brazil Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.5.7.4 Brazil Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
10.5.8 Argentina Medical Waste Management Market
10.5.8.1 Argentina Medical Waste Management Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.8.2 Argentina Medical Waste Management Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.5.8.3 Argentina Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Type (US$ Mn)
10.5.8.4 Argentina Medical Waste Management Market Revenue And Forecasts to 2027, By Treatment Site (US$ Mn)
11. Medical Waste Management Market– Industry Landscape
11.1 Overview
11.2 Comparative Company Analysis
11.3 Growth Strategies done by the companies in the Market, (%)
11.4 Organic Developments
11.4.1 Overview
11.5 Inorganic developments
11.5.1 Overview
12. Medical Waste Management Market–Key Company Profiles
12.1 Medasend Biomedical, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Service Portfolio
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bondtech Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Product/Service Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sharps Compliance, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Service Portfolio
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Veolia
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 Service Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 CLEAN HARBORS, INC.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 Product/Service Portfolio
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Daniels Health
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Information
12.6.4 Product/Service Portfolio
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Stericycle
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 Product/Service Portfolio
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 REMONDIS SE & Co. KG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 Product/Service Portfolio
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Republic Services, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 Product/Service Portfolio
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Waste Management, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 Product/Service Portfolio
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 2. North America Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 3. North America Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 4. US Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 5. US Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 6. US Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 7. Canada Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 8. Canada Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 9. Canada Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 10. Mexico Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 11. Mexico Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 12. Mexico Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 13. Europe Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 14. Europe Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 15. Europe Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 16. UK Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 17. UK Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 18. UK Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 19. Germany Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 20. Germany Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 21. Germany Medical waste management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 22. France Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 23. France Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 24. France Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 25. Spain Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 26. Spain Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 27. Spain Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 28. Italy Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 29. Italy Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 30. Italy Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 31. Asia Pacific Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 32. Asia Pacific Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 33. Asia Pacific Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 34. China Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 35. China Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 36. China Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 37. Japan Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 38. Japan Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 39. Japan Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 40. India Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 41. India Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 42. India Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 43. Australia Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 44. Australia Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 45. Australia Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 46. South Korea Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 47. South Korea Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 48. South Korea Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 49. Middle East & Africa Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 50. Middle East & Africa Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 51. Middle East & Africa Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 52. UAE Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 53. UAE Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 54. UAE Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 55. Saudi Arabia Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 56. Saudi Arabia Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 57. Saudi Arabia Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 58. South Africa Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 59. South Africa Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 60. South Africa Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 61. South and Central America Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 62. South and Central America Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 63. South and Central America Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 64. Brazil Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 65. Brazil Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 66. Brazil Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 67. Argentina Medical Waste Management Market Revenue And Forecasts To 2027, By Service Type (US$ Mn)
Table 68. Argentina Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Type (US$ Mn)
Table 69. Argentina Medical Waste Management Market Revenue And Forecasts To 2027, By Treatment Site (US$ Mn)
Table 70. Organic Developments Done By Companies
Table 71. Inorganic developments done by Companies
Table 72. Glossary of Terms, Medical Waste Management Market
LIST OF FIGURES
Figure 1. Medical Waste Management Market Segmentation
Figure 2. Medical Waste Management Segmentation, By Region
Figure 3. Asia Pacific Medical Waste Management Market, Revenue (US$ Mn), 2018 & 2027
Figure 4. Global Medical Waste Management Market By Service Type, Market Share (%), 2018
Figure 5. Global Medical Waste Management Market By Treatment Type, Market Share (%), 2018
Figure 6. Global Medical Waste Management Market By Treatment Site, Market Share (%), 2018
Figure 7. North America PEST Analysis
Figure 8. Europe PEST Analysis
Figure 9. Asia pacific PEST Analysis
Figure 10. Middle East and Africa PEST Analysis
Figure 11. South and Central America PEST Analysis
Figure 12. Medical Waste Management Market Impact Analysis of Drivers and Challenges
Figure 13. Global Medical Waste Management Market – Revenue Forecasts And Analysis – 2018- 2027
Figure 14. Global Medical Waste Management Market – By Geography Forecasts And Analysis – 2018- 2027
Figure 15. Market Positioning Of Key Players In Global Medical Waste Management Market
Figure 16. Global Medical Waste Management Market Share by Service Type 2018 & 2027 (%)
Figure 17. Collection Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 18. Transportation and Storage Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 19. Treatment and Disposal Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 20. Recycling Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 21. Global Medical Waste Management Market Share by Treatment Type 2018 & 2027 (%)
Figure 22. Incineration Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 23. Autoclaving Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 24. Chemical Treatment Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 25. Others Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 26. Global Medical Waste Management Market Share by Treatment Site 2018 & 2027 (%)
Figure 27. Onsite Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 28. Off-Site Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 29. North America Medical Waste Management Market Revenue Overview, By Country (2018) (US$ Mn)
Figure 30. North America Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 31. North America Medical Waste Management Market Revenue And Forecasts To 2027, By Country (%)
Figure 32. US Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 33. Canada Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 34. Mexico Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 35. Europe Medical Waste Management Market Revenue Overview, By Country (2018) (US$ Mn)
Figure 36. Europe Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 37. Europe Medical Waste Management Market Revenue And Forecasts To 2027, By Country (%)
Figure 38. UK Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 39. Germany Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 40. France Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 41. Spain Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 42. Italy Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 43. Asia Pacific Medical Waste Management Market Revenue Overview, By Country (2018) (US$ Mn)
Figure 44. Asia Pacific Medical Waste Management Market Revenue And Forecasts to 2027 (US$ Mn)
Figure 45. Asia Pacific Medical Waste Management Market Revenue And Forecasts To 2027, By Country (%)
Figure 46. China Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 47. Japan Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 48. India Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 49. Australia Medical waste management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 50. South Korea Medical waste management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 51. Middle East & Africa Medical waste management Market Revenue Overview, By Country (2018) (US$ Mn)
Figure 52. Middle East & Africa Medical waste management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 53. Middle East & Africa Medical Waste Management Market Revenue And Forecasts To 2027, By Country (%)
Figure 54. UAE Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 55. Saudi Arabia Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 56. South Africa Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 57. South And Central America Medical Waste Management Market Revenue Overview, By Country (2018) (US$ Mn)
Figure 58. South And Central America Medical waste management Market Revenue And Forecasts to 2027 (US$ Mn)
Figure 59. South and Central America Medical Waste Management Market Revenue And Forecasts To 2027, By Country (%)
Figure 60. Brazil Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 61. Argentina Medical Waste Management Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 62. Comparative Company Analysis
Figure 63. Growth Strategies done by the companies in the Market, (%)
The List of Companies - Medical Waste Management Market
- Medasend Biomedical, Inc.
- Bondtech Corporation
- Sharps Compliance, Inc.
- Veolia
- Clean Harbors, Inc.
- Daniels Sharpsmart, Inc.
- Stericycle
- REMONDIS SE & Co. KG
- Republic Services, Inc.
- Waste Management, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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