Global Medical Waste Management Market Size, Share, Development, Growth and Demand Forecast to 2023

Medical waste refers to the waste originated within medical amenities such as hospitals, clinics, veterinary hospitals/clinics, dental practices, physician's offices, laboratories, blood banks and research and development centers (R&D) related to healthcare. The medical waste management program is critical for the public health, environment, and sanitation. Unlike municipal waste treatment the medical waste management involves various stages of waste management, such as accumulation, generation, storage, handling, treatment, transport, and disposal.
Stringent environment and health safety regulation by governments worldwide, and the growth of pharmaceuticals and healthcare industry in developing market, are some of the predominant drivers of the medical waste treatment market. In the U.S. the government has regulated the medical water treatment under U.S. Environmental Protection Agency’s (EPA) Resource Conservation and Recovery Act (RCRA).
High investment of initial setup coupled with lack of industrial recycling facilities specially in developing reason are some of the common factors restraining the growth of the medical waste treatment market. Moreover the lack of awareness towards waste management and recycling and lack of regulatory measures by the government in the developing market is hindering the growth of the medical waste treatment market especially in the developing market. However country such as India, China, and Malaysia are expected to witness a considerable growth in the forecast period attributed to rising medical tourism in this region.
Based on the different business sector the global medical waste management market can be bifurcated as:

• Hospital Waste Management
  • Anatomical Waste Management
  • Regular Medical Waste Management
• Pharmaceutical Waste Management
  • Clinical Trial Waste Management
  • Manufacturing Waste Management

On the basis of various services under medical waste treatment the global medical waste treatment market can be classified as:

• Collection, Transportation, and Storage
• Waste Treatment
• Disposal/Recycling

On the basis of waste treatment technology the global medical waste treatment market can be segmented as:

• Mechanical
• Chemical
• Thermal
• Others

On the basis of waste generator the global medical waste treatment market can be further segmented as:

• Large Quantity Generator
• Small Quantity Generator

On the bases of various type of waste the global waste treatment market can be further segmented as:

• Biomedical waste management
• Cytotoxic waste management
• Radioactive waste management
• Others waste management

Europe and North America are the major market for medical waste treatment attributed to the stringent environmental and patient’s safety regulations in the region. Asia Pacific market for the medical waste treatment is growing at a significant rate. The strengthening healthcare infrastructure and increasing expenditure of Hospitals towards the waste management is driving the medical waste treatment market in Asia Pacific. Apart from these Latin America and Middle-East are other important markets of medical waste treatment market. Country wise, The U.S. is largest market of medical waste treatment in North America. Germany, U.K., France, Italy are some of the major medical waste treatment market in Europe. India, Japan, and China are major medical waste treatment market in Asia Pacific, where as Brazil is the largest market of medical waste treatment in Rest of the World region.
Some of the major players operating in global medical waste management market include, Clean Harbors, Inc., Hawaii Bio-Waste Systems Inc. (HBW), Healthcare Environmental Services Group, Medclean Technologies Inc., Medasend Biomedical Inc., Miller Group, Republic Services Inc., Suez Environnement, Waste Management Inc., Aipura LIC, Stericycle Inc. and Gamma Waste Systems

Report Coverage

• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Uncovers potential demands in the market
• Porter analysis identifies competitive forces within the market
• Provides information on the historical and current market size and the future potential of the market
• Provides sizes of key regional markets using yardsticks of segments, applications, and segments of applications
• Highlights the competitive scenario of the market, major competitors, and benchmarking
• Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.