Global Medical Waste Management Market Drivers, Restraints, Opportunities & Challenges (2020 to 2025) – CAGR of 5.6% Expected During the Forecast Period – ResearchAndMarkets.com
February 17, 2020DUBLIN–(BUSINESS WIRE)–The “Medical Waste Management Market by Service (Collection, Treatment, Disposal, Incineration, Recycling), Type of Waste ( (Non-Hazardous, Infectious, Pharmaceuticals), Treatment Site (Offsite, Onsite), Waste Generator (Hospitals) – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global medical waste management market size is projected to reach USD 9.0 billion by 2025 from USD 6.8 billion in 2020, at a CAGR of 5.6%.
The increasing volume of healthcare waste and the growing geriatric and obese populations are the major factors driving the growth of the global medical waste management market. However, hospitals, healthcare institutes, and pharmaceutical companies have to make significant investments for the collection and processing of waste in an appropriate manner so as to reduce environmental pollution. This, coupled with the low awareness in developing countries, is expected to affect the growth of this market during the forecast period.
The treatment and disposal segment is anticipated to grow at the fastest rate during the forecast period
The medical waste management market by service is categorized into collection, transportation, and storage services; treatment & disposal services; and recycling services. The collection, transportation, and storage services segment is expected to register the highest CAGR during the forecast period. The growth of this segment is mainly driven by an increasing amount of waste generated by healthcare facilities and the rising number of surgeries performed in the hospitals.
The offsite treatment segment is estimated to grow at a rapid rate during the analysis period
On the basis of the treatment site, the medical waste management market is segmented into offsite and onsite treatment. The offsite treatment segment is expected to account for the largest share of the global medical waste management market in 2019. Factors such as the increasing number of conferences and high costs associated with onsite medical waste treatment are driving the growth of the offsite treatment segment.
Asia Pacific is estimated to register the highest CAGR during the study period
Geographically, the medical waste management market is dominated by North America, which is then followed by Europe for 2019. However, the Asia Pacific region is estimated to grow at the fastest rate owing to the increasing number of hospitals and clinics, growing population, and increasing medical waste generation by healthcare facilities are driving market growth in this region.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the services of the top players in the medical waste management market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the medical waste management market
- Market Development: Detailed information about emerging markets.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the medical waste management market
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Medical Waste Management Market Overview
4.2 North America: Market, By Type of Waste, 2019
4.3 Geographical Snapshot of the Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Volume of Healthcare Waste
5.2.1.2 Growing Geriatric and Obese Populations
5.2.2 Restraints
5.2.2.1 High Capital Investments
5.2.3 Opportunities
5.2.3.1 Increasing Number of Awareness Programs for Medical Waste Management in Developed Countries
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Medical Waste Management in Developing Countries
6 Medical Waste Management Market, By Service
6.1 Introduction
6.2 Collection, Transportation, and Storage Services
6.2.1 Collection, Transportation, and Storage Services to Dominate the Market During the Forecast Period
6.3 Treatment & Disposal Services
6.3.1 Incineration
6.3.1.1 Many Companies are Investing in the Development of Incinerators for Small- and Medium-Scale Healthcare Facilities – A Key Factor Driving Market Growth
6.3.2 Autoclaving
6.3.2.1 Initiatives By Government & Non-Government Organizations to Support Market Growth
6.3.3 Chemical Treatment
6.3.3.1 Increasing Focusing on the Onsite Treatment of Medical Waste to Avoid the Spread of Infections to Support Market Growth
6.3.4 Other Treatments
6.4 Recycling Services
6.4.1 Increasing Awareness About Recycling Medical Waste to Drive the Growth of This Segment
7 Medical Waste Management Market, By Type of Waste
7.1 Introduction
7.2 Non-Hazardous Waste
7.2.1 Increasing Surgical Volume Boosts the Generation of Non-Hazardous Waste
7.3 Hazardous Waste
7.3.1 Infectious & Pathological Waste
7.3.1.1 Increasing Incidence of Infectious Diseases Will Lead to the Greater Generation of Infectious Medical Waste
7.3.2 Sharp Waste
7.3.2.1 Increasing Number of Surgeries Will Support Market Growth
7.3.3 Pharmaceutical Waste
7.3.3.1 Presence of Stringent Regulations and Protocols for the Monitoring and Disposal of Pharmaceutical Waste is A Key Growth Driver
7.3.4 Other Hazardous Waste
8 Medical Waste Management Market, By Treatment Site
8.1 Introduction
8.2 Offsite Treatment
8.2.1 High Costs Associated With Medical Waste Treatment at Onsite Locations to Drive the Market for Offsite Treatment
8.3 Onsite Treatment
8.3.1 Growing Company Initiatives to Provide Advanced Onsite Equipment Will Drive Market Growth
9 Medical Waste Management Market, By Waste Generator
9.1 Introduction
9.2 Hospitals & Diagnostic Laboratories
9.2.1 Rising Number of Surgeries Contributing to the Generation of Waste in Hospitals & Diagnostic Laboratories
9.3 Other Waste Generators
10 Medical Waste Management Market, By Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Rest of the World
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis, 2018
11.3 Competitive Scenario
11.4 Competitive Leadership Mapping (2018)
12 Company Profiles
12.1 Stericycle
12.2 Veolia Environnement S.A.
12.3 Suez Environnement S.A.
12.4 Sharps Compliance, Inc.
12.5 Waste Management, Inc.
12.6 Clean Harbors, Inc.
12.7 Remondis Se & Co. Kg
12.8 Biomedical Waste Solutions, LLC
12.9 Daniels Sharpsmart, Inc.
12.10 Republic Services, Inc
12.11 EcoMed Services
12.12 GRP & Associates, Inc.
12.13 BWS Incorporated
12.14 MedPro Disposal
12.15 GIC Medical Disposal
12.16 Gamma Waste Services
12.17 Triumvirate Environmental Inc.
12.18 EPCO
12.19 All Medical Waste Australia Pty Ltd.
12.20 Casella Waste Systems, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/75ur8u
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900