Analyst Speak:

“The Global Medical Waste Management Market was valued around US$ 13.4 Bn by 2018 and growing at a significant CAGR of 8.1% over next seven years 2019-2025 owing to rapid growth in aging population”

The global Medical Waste Management market accounted for US$ 13.4 Bn in 2018 and burgeoning over the forthcoming years. Some of the key factors propelling the market growth are rising number of awareness programs regarding waste management, initiatives taken by various governments for management of medical waste, rapid growth in aging population. However, factors such as huge capital investments, lack of awareness regarding health hazards associated with medical waste among the people are hampering the market growth. In addition, huge demand for innovative technologies is expected to be one of the major trend during the forecast period.

Global Medical Waste Management market segmented on the basis of services, treatment, type of waste, and region.

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Autoclaving Dominate the Global Medical Waste Management Market

Based on treatment, global Medical Waste Management market segmented into incineration, autoclaving, chemical treatment and others. Autoclaving segment held considerable market growth during estimated period. Autoclaves are closed chambers that apply heat and sometimes pressure and steam, over a period of time to sterilize medical equipment. Autoclaves have been used for a century to sterilize medical instruments for re-use. Surgical knives and clamps, for instance, are put in autoclaves for sterilization. Modern medical waste management systems incorporate autoclaves for processing of waste cultures, sharps, gauzes, bandages, and more. Sometime surgery waste and plastic and metal waste contaminated with blood or other bodily fluids are put into autoclaves. For example, Tuttnauer's is leading in infection control introduced medical waste autoclaves for small, medium and large hospitals which enables medical waste treatment close to its source using a safe and cost-effective method completely free from harmful emissions.

North America Leads the Global Medical Waste Management market

PBI’s global Medical Waste Management market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. This region is one of the key markets for Medical Waste Management. The region has witnessed considerable growth in this market owing to the presence of highly developed healthcare sectors, increasing incidences of infectious and chronic diseases, growing aging population which are further driving the demand for medical waste management market growth in North America region.

Strategic Acquisition are the Key Strategies Adopted by Market Players

Global Medical Waste Management market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in 2014, Curtis Bay Medical Waste Services acquired the assets of Culver Enterprises. The acquisition of Culver Enterprises expands Curtis Bay's geographic service footprint. Curtis Bay continues to grow its business by providing healthcare professionals with comprehensive medical waste solutions, including collection, transfer, transportation, recycling, waste reduction, sharps management, consulting, and sustainable medical waste processing services.

Key player’s profiles in the report are Remondis Medison GmbH (Germany), Stericycle, Inc. (U.S.), BioMedical Waste Solutions, LLC (U.S.), Republic Services, Inc. (U.S.), Waste Management, Inc. (U.S.), Suez Environnement S.A. (France), Clean Harbors, Inc. (U.S.), Veolia Environnement S.A. (France), Curtis Bay Medical Waste Services (U.S.), and Tox Free Solutions Ltd. (Australia).

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Precision Business Insights (PBI) in its report titled “Global Medical Waste Management Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

Detailed Segmentation

By Treatment

Incineration
Autoclaving
Chemical Treatment
Others

By Type of Waste

Hazardous Waste
Non-Hazardous or General Waste

By Services

Disposal
Collection, Transpiration & Storage
Recycling
Others

By Geography

North America

US
Canada
Europe

Germany
France
UK
Italy
Spain
Russia
Poland
Rest of Europe
Asia-Pacific

Japan
China
India
Australia & New Zealand
ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
South Korea
Rest of Asia-Pacific
Latin America

Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa (MEA)

Gulf Cooperation Council (GCC) Countries
Israel
South Africa
Rest of MEA

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