The Medical Waste Management is expected to reach $16.35 billion by 2023.
According to the new market research report by IndustryARC titled “Medical Waste Management Market: By Waste Type (Biomedical, Cytotoxic, Pharmaceutical, Genotoxic, Radioactive); By Treatment Technology (Thermal, Irradiative, Biological, Mechanical) - Forecast (2018-2023)”, the market is driven by growing number of healthcare facilities.
North America dominates the Medical Waste Management Market
North America is expected to reach revenue of $6077.07 million by 2023 at a CAGR of 5.1%. The reason for this growth in the region is due to a large amount of medical waste produced and effective management of the waste with the use of advanced technologies. Hospitals have a major share in the market due to the amount of hazardous waste generated per day. In the US, many organizations provide services to healthcare facilities. The government has been leveling fines on such hospitals in the region if the infection rate is high. This factor increases more number of companies in the market.
Medical Waste Management Market Analysis done in the full Report:
The incineration segment had revenue of $3,851 million in 2015. It is expected to reach $5,627 million by 2023 at a CAGR of 4.3%. Incineration is defined as the process of burning waste materials which are hazardous, at higher temperatures for eliminating contaminants. In this process, toxic elements are burnt and the ash is disposed into landfills. In the autoclave process, heat and pressure are applied within closed chambers to sterilize medical equipment. This process destroys the microorganisms, and the medical waste is disposed of in the landfills.
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Excerpts on Medical Waste Management Market Growth Factors
- Governments of different countries have proposed strict regulations for recycling and disposal. These regulations will drive the demand for waste segregation.
- There is a growing demand for non-incineration technologies which are cost-effective and environmentally friendly. This factor drives the demand for Medical Waste Management Market.
- The growth of ageing population and rise in the healthcare facilities will enhance the growth of safe waste management.
Key players of the Medical Waste Management Market
Veolia Environment dominates the Medical Waste Management Market followed by Stericycle, Clean Harbors, Waste Management Inc, and Republic Services. Veolia Environment is one of the largest providers of waste services. It operates in 48 countries and recycles 7.6 million tons of material per year. Stericycle provides regulated solutions to dispose of waste material. Clean Harbors ensures medical waste disposal by arranging incineration of materials such as biohazards, pathogens, and pharmaceuticals. Republic services carry out the waste collection, recycling, and disposal operating divisions.
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Medical Waste Management Market is segmented as below
Stringent regulations in developed countries drive the demand for the Medical Waste Management Market during the forecast period.
A. Medical Waste Management Market By Type
1. Incineration
2. Autoclave
3. Chemical disinfection
B. Medical Waste Management Market By Application
1. Hospitals
2. Pharmaceuticals
C. Medical Waste Management Market by Geography (covers 11+ countries)
D. Medical Waste Management Market Entropy
Companies Citied / Interviewed in Medical Waste Management Market
1. STERICYCLE
2. SHARPS COMPLIANCE, INC.
3. SUEZ ENVIRONMENT
4. DANIELS SHARP SMART INC.
5. XMED DISPOSAL INC.
6. CLEAN HARBORS, INC.
7. VEOLIA ENVIRONMENT
8. REPUBLIC SERVICES
9. ADVANCED DISPOSAL SERVICES INC.
10. TRINOVA MEDICAL WASTE SOLUTIONS, LLC
11. BONDTECH CORPORATION
12. MEDASEND BIOMEDICAL, INC.
13. BIOPRO, LLC
14. UNITED MEDICAL WASTE MANAGEMENT
15. GRP& ASSOCIATES
16. Company 20+
Related Report:
- A.Wet Waste Management Market
- B.Industrial Waste Management Market
What can you expect from the report?
The Medical Waste Management Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
2.Market trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End-user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country-level Analysis (15+)
13.Competitor Analysis
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
17.Strategic Analysis
18.Current & Future Market Landscape Analysis
19.Opportunity Analysis
20.Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Medical Waste Management segment?
Response: Yes, we do have separate reports as mentioned below:
1. Medical Waste Management Market Report (2018-2023)
2. North America Medical Waste Management Market Analysis (2018-2023)
3. Europe Medical Waste Management Market Size (2018-2023)
4. Asia Pacific Medical Waste Management Market Share (2018-2023)
5. Hospitals Medical Waste Management Market Trends (2018-2023)
6. Pharmaceuticals Medical Waste Management Market Forecast (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end-user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
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