Medical Waste Management Market (By Treatment: Chemical Treatment, Autoclaving, Incineration, and Others; By Waste Type: Hazardous and Nonhazardous) - Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2024 - 2033
The global medical waste management market size was valued at USD 12.23 billion in 2023 and is projected to surpass USD 24.51 billion by the end of 2033, exhibiting a CAGR of 7.2% during the estimated period 2024 to 2033.
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The U.S. medical waste management market size was estimated at USD 2.67 billion in 2023 and is predicted to be worth around USD 5.70 billion by 2033, at a CAGR of 7.9% from 2024 to 2033.
The detailed research report covers significant prospects and inclinations of medical waste management products throughout different regions including Europe, North America, Asia-Pacific, Africa, the Middle East, and Latin America. By region, the medical waste management market is led by North America due to the high incidence of cancer and early implementation of the latest medical waste management techniques. Europe reported the second maximum share predominantly due to the high geriatric population and positive reimbursement scenario. Asia-Pacific is also anticipated to witness a rapid growth rate, on account of increasing investment by major manufacturers and increasing per capita healthcare expenditure.
The Europe medical waste management market size was calculated at USD 3.60 billion in 2023 and is projected to expand around USD 7.60 billion by 2033, poised to grow at a CAGR of 7.8% from 2024 to 2033.
| Year | Market Size (USD Billion) |
| 2023 | 3.60 |
| 2024 | 3.88 |
| 2025 | 4.18 |
| 2026 | 4.50 |
| 2027 | 4.85 |
| 2028 | 5.23 |
| 2029 | 5.64 |
| 2030 | 6.07 |
| 2031 | 6.54 |
| 2032 | 7.05 |
| 2033 | 7.60 |
Medical wastes need careful containment and disposal before gathering and consolidation for handling. The measures for discarding controlled medical-waste substances are designed to shield the staffs who generate medical scrap and who tackle the wastes from generation point to disposal point. To avert injuries from needle sticks and other infected sharps should not be repeated, firmly bent, or cracked by hand. Centers for Disease Control and Prevention have broadcasted general rules for managing sharps. Healthcare amenities may need added precautions to avert the creation of aerosols during the management of blood-contaminated objects for some rare diseases or situations.
Storage and transportation of regulated medicinal wastes within the healthcare organization prior to termination of treatment are often essential. Healthcare organizations are instructed to clear out medical waste frequently to avoid buildup. Medical scrap requiring storing should be reserved in puncture-resistant, leak-proof, labeled containers under situations that lessen or avert foul smells. The storage area must be well-ventilated and be unreachable to pests. Every facility that produces regulated medical scrap should have a controlled medical waste management strategy to ensure well-being and environmental protection as per local guidelines.
Incineration of medical scrap has conventionally been the foremost medical waste managing technique globally. However, incineration results in the emission of numerous harmful fumes such as Sulphur dioxide, dioxins, and carbon monoxide which augment global warming. Thus, the development of other techniques is gaining popularity for sustainable medical waste management.
COVID-19 Impact on Global Medical Waste Management Market
The COVID-19 pandemic has resulted in an abrupt breakdown of waste management strings. Safe management of hazardous medicinal waste is critical to successfully limiting the pandemic. Mismanagement at any stage can lead to augmented environmental contamination. The world is anticipated to be loaded with medical waste material in the near future owing to the COVID-19 pandemic, and the consequences of this buildup of medical leftovers will have a deep impact on justifiable medical waste administration measures for years to come. To handle such a large worldwide influx of waste, the industry will have to respond by dispensing an increase in conservative management facility volumes and will require looking to fewer conventional portable units and RFID imprinting technology to guarantee sustainable healthcare waste administration.
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 7.2% |
| Market Size in 2023 | USD 12.23 Billion |
| Market Size by 2033 | USD 24.51 Billion |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Treatment Type, and By Waste Type |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Incineration Segment Reported Foremost Market Stake in 2023
Incineration displayed the major share in the worldwide medical waste management market in 2023. Incineration is the lone method employed for pathological scrap such as identifiable tissue and body parts that augments the segmental share. The factors such as the generation of a high volume of medical waste due to the increasing prevalence of viral diseases and the low cost of incineration are expected to retain the dominance of incineration in the near future.
The chemical treatment segment is anticipated to grow at the maximum CAGR through the forecast time frame mainly due to high anticipated demand.
Hazardous Waste Dominated the Market Revenue
Hazardous waste is generated in high volumes at hospitals and other healthcare facilities. Moreover, the implementation of stringent regulations for the safe disposal of hazardous waste by governments all over the world is expected to boost the demand for hazardous waste management in the near future.
Major Market Segments Covered:
By Treatment
By Waste Type
By Waste Generator
By Treatment Site
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Medical Waste Management Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Medical Waste Management Market
5.1. Covid-19: Medical Waste Management Industry Impact
5.2. Medical Waste Management Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Medical Waste Management Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Medical Waste Management Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Medical Waste Management Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Exponentially increasing volume of medical waste
6.1.1.2. Rising geriatric population
6.1.2. Market Restraints
6.1.2.1. Variations in regulatory status
6.1.3. Market Opportunities
6.1.3.1. Growing investment by key manufacturers
6.1.3.2. Increasing per capita healthcare expenditure
Chapter 7. Global Medical Waste Management Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Medical Waste Management Market Revenue by Market Players
7.1.1.2. Medical Waste Management Market Revenue Market Share by Market Players
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Medical Waste Management Market, By Treatment
8.1. Medical Waste Management Market, by Treatment, 2024-2033
8.1.1. Chemical Treatment
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Autoclaving
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Incineration
8.1.3.1. Market Revenue and Forecast (2021-2033)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Medical Waste Management Market, By Waste Type
9.1. Medical Waste Management Market, by Waste Type, 2024-2033
9.1.1. Hazardous
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Nonhazardous
9.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Medical Waste Management Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue Forecast by Treatment(2021-2033)
10.1.2. Market Revenue Forecast by Waste Type (2021-2033)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2021-2033)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2021-2033)
10.2. Europe
10.2.1. Market Revenue Forecast by Treatment (2021-2033)
10.2.2. Market Revenue Forecast by Waste Type (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2021-2033)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2021-2033)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Treatment (2021-2033)
10.3.2. Market Revenue Forecast by Waste Type (2021-2033)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2021-2033)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2021-2033)
10.4. LATAM
10.4.1. Market Revenue Forecast by Treatment (2021-2033)
10.4.2. Market Revenue Forecast by Waste Type (2021-2033)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2021-2033)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2021-2033)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Treatment (2021-2033)
10.5.2. Market Revenue Forecast by Waste Type (2021-2033)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2021-2033)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2021-2033)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2021-2033)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2021-2033)
Chapter 11. Company Profiles
11.1. BioMedical Waste Solutions
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Treatment Details, Specification, Waste Type
11.1.3. Revenue, Price, and Gross Margin
11.1.4. Recent Developments and Strategies
11.2. Stericycle Inc.
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Treatment Details, Specification, Waste Type
11.2.3. Revenue, Price, and Gross Margin
11.2.4. Recent Developments and Strategies
11.3. Stericycle Inc.
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Treatment Details, Specification, Waste Type
11.3.3. Revenue, Price, and Gross Margin
11.3.4. Recent Developments and Strategies
11.4. Citiwaste
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Treatment Details, Specification, Waste Type
11.4.3. Revenue, Price, and Gross Margin
11.4.4. Recent Developments and Strategies
11.5. MedPro Waste Disposal
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Treatment Details, Specification, Waste Type
11.5.3. Revenue, Price, and Gross Margin
11.5.4. Recent Developments and Strategies
11.6. Sanpro
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Treatment Details, Specification, Waste Type
11.6.3. Revenue, Price, and Gross Margin
11.6.4. Recent Developments and Strategies
11.7. Waste Management, Inc.
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Treatment Details, Specification, Waste Type
11.7.3. Revenue, Price, and Gross Margin
11.7.4. Recent Developments and Strategies
11.8. Sharps Compliance, Inc.
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Treatment Details, Specification, Waste Type
11.8.3. Revenue, Price, and Gross Margin
11.8.4. Recent Developments and Strategies
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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