Medical Waste Management Market Share, Trends, Size, Research and Forecast 2019-2025

 

The global medical waste management market is projected to exhibit a significant growth, at a CAGR of 5.7%, during the forecast period. The hazardous waste generated by the biomedical sector possesses various harmful substances to the human health such as infections, owing to which, there is an increasing necessity for the management of biomedical waste across the globe. Biomedical waste refers to any solid or liquid waste which is produced during the diagnosis, treatment or immunization of human beings or animals. It also involves waste generation from medical research activities or in the manufacturing or testing of biological products. Biomedical waste consists of waste sharps (broken glass, hypodermic needles, scalpels, and syringes), human anatomical waste (organs, tissues, and body parts).

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Healthcare services are considered as one of the major sources of toxic waste generation due to increasing amount of waste from various healthcare facilities such as hospitals, clinics, test laboratories, mortuaries, autopsy centers, blood banks, pharmaceutical component manufacturers and others. Biomedical waste is characterized into infectious waste, pathological waste, chemical waste, radioactive waste and others. The waste is considered as hazardous in nature due to presence of bacteria, lethal chemical remains and other harmful micro-organisms. According to the WHO, every year approximately 16 billion injections are administered across the globe. This indicates huge waste generation of syringes and needles in the environment. Not all the medical waste is disposed properly, which as a result poses various healthcare challenges such as infections, respiratory issues and others.

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China, being the largest and one of the fastest developing economies face challenges regarding medical waste management. According to the National Institute of Health in 2018, the health system of China generated nearly 650,000 tons of medical waste each year. In order to meet the waste management requirement for biomedical waste, various facilities are being deployed at healthcare services. According to the WHO, out of the total sampled facilities across 24 countries, 58% had suitable systems for the disposal of healthcare waste. The adoption rate of waste management activities is improving due to stringent government regulations and growing awareness among people for infections, in turn, offering growth to the medical waste treatment market.

The major factor for imposition of regulations by various government agencies is substantial number of infections being reported across the globe. According to the WHO, a total of 33,800 new HIV infections, 1.7 million hepatitis B infections and 315,000 hepatitis C infections were reported in 2010 and the figures are estimated to increase due to growing infectious waste across the globe. This, in turn, is offering growth to the medical waste treatment market. Some companies launched a new waste management solution for potentially hazardous medical waste. For instance, in December 2017, Bertin Technologies introduced Sterilwave 100, a compact solution which is intended for the onsite treatment of biomedical waste and decontamination of potentially hazardous medical waste.

Global Medical Waste Management Market-Segmentation

By Waste Type

• Hazardous Waste
• Non-Hazardous Waste

By Treatment Site           

• Off-Site Treatment
• On-Site Treatment

By Services        

• Transportation & Storage
• Waste Treatment and Disposal Services

o   Incineration

o   Autoclaving

o   Chemical Treatment

o   Others (Microwave and Vitrification)

• Recycling Services

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Medical Waste Management Market– Segment by Region

North America          

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• AMB Ecosteryl
• Bertin Medical Waste (CNIM Group)
• BioMedical Waste Solutions, LLC
• Biotic Waste Ltd.
• BWS Inc.
• Clean Harbors, Inc.
• Covanta Holding Corp.
• Daniels Sharpsmart, Inc.
• EcoMed Services
• GRP & Associates, Inc.
• MedPro Disposal, LLC
• PegEx Inc.
• REMONDIS SE & Co. KG
• Republic Services, Inc.
• Sharps Compliance, Inc.
• SMS Envocare Ltd.
• Stericycle, Inc.
• SUEZ SA
• Veolia Environnement S.A.
• Verisk 3E

 

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