Global Medical Waste Management Market Analysis & Overview by 2025
Global Medical Waste Management Market will cross USD 29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017. The market is growing at a CAGR of 5.4% in the forecast period 2018 to 2025.
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The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, ecofriendly waste management procedures and growing government initiatives. On the other hand lack of awareness about health hazards and lack of skilled professionals for proper disposal may hinder the growth of the global medical waste management market.
The key market players for global medical waste management market are listed below:
- Stericycle
- Suez Environnement S.A
- Clean Harbors, Inc
- Veolia Environnement S.A
- Biomedical Waste Solutions, LLC
- Remondis AG & CO. KG
- Sharps Compliance, Inc
- Waste Management, Inc
- Daniels Sharpsmart
- Radiancy, Inc
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The market is further segmented into:
- Type of Waste
- Service Type
- Treatment Type
- Treatment Site
- Category
- Source Of Generation
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The global medical waste management market is segmented based on type of waste into two notable segments; hazardous waste and non-hazardous waste. In 2018, non-hazardous segment is estimated to rule with 85.9% shares and will cross USD 25,645.52 million by 2025, rising at the CAGR of 5.5%. Hazardous waste is sub segmented into infectious & pathological waste, pharmaceutical waste, sharps and others.
The global medical waste management market is segmented based on service type into four notable segments; collection, transportation and storage, treatment and disposal, recycling and others. In 2018, collection, transportation and storage is estimated to rule with 64.2% shares and will cross USD 18,893.89 million by 2025, rising at the CAGR of 5.3%. However, recycling is expected to grow at the highest CAGR of 6.1% in the forecast period, and is expected to reach USD 1,963.38 million in 2025 from USD 1,293.16 million in 2017.
The global medical waste management market is segmented based on treatment type into six notable segments; incineration, autoclaving, chemical treatment, irradiative, biological and others. In 2018, Incineration segment is estimated to rule with 60.4% shares and will cross USD 18,342.10 million by 2025, rising at the CAGR of 5.8%.
The global medical waste management market is segmented based on treatment site into two notable segments; offsite and onsite. In 2018, offsite segment is estimated to rule with 80.8% shares and will cross USD 24,147.11 million by 2025, rising at the CAGR of 5.5%. Offsite service type is sub segmented into collection, transportation and storage, treatment and disposal, recycling and others. In 2018, collection, transportation, & storage segment is estimated to rule with 66.5% shares and will cross USD 15,949.86 million by 2025, rising at the CAGR of 5.4%. However, recycling is expected to grow at the highest CAGR of 6.2% in the forecast period, and is expected to reach USD 1,557.88 million in 2025 from USD 971.03 million in 2017. Onsite service type is sub segmented into collection, treatment & disposal, recycling and others. In 2018, collection segment is estimated to rule with 52.6% shares and will cross USD 2,848.23 million by 2025, rising at the CAGR of 4.7%. However, recycling is expected to grow at the highest CAGR of 5.6% in the forecast period, and is expected to reach USD 682.91 million in 2025 from USD 445.02 million in 2017.
The global medical waste management market is segmented based on category into two notable segments; controlled and uncontrolled. In 2018, controlled segment is estimated to rule with 90.2% shares and will cross USD 26,954.98 million by 2025, rising at the CAGR of 5.5%.
The global medical waste management market is segmented based on source of generation into five notable segments; hospitals, physician offices, clinical laboratories, manufacturers and reverse distributors. In 2018, hospitals segment is estimated to rule with 63.9%shares and will cross USD 19,303.02 million by 2025, rising at the CAGR of 5.7%.
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Based on geography, the market is segmented into 5 geographical regions:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Covered in this report:
The report covers the present scenario and the growth prospects of the global medical waste management for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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