Medical waste management market size to grow by USD 3,323.84 million from 2022 to 2027|North America will account for 36% of the market growth – Technavio

NEW YORK, July 24, 2023 /PRNewswire/ — The medical waste management market size is estimated to grow by USD 3,323.84 million from 2022 to 2027. The market will be growing at a CAGR of 5.5% during the forecast period. North America will contribute to 36% of the global medical waste management market. Medical waste management is mandatory in North America since medical waste can contain infectious agents. The infectious agents include bacteria, viruses, and other harmful substances that can cause serious illness. There are regulatory requirements at both the federal and state level that mandate proper medical waste management in the region as a result of the improper disposal of medical waste. Hence, such factors drive the regional market during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and forecast period (2023-2027) – View Sample report

Medical waste management market – Vendor Landscape
The medical waste management market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products –The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Medical waste management market – Market Dynamics

Major Drivers & Challenges- 

The growing healthcare industry drives the growth of the medical waste management market. Factors such as a rise in the global population and increasing healthcare needs lead to a significant increase in healthcare activities. Healthcare providers have implemented stringent regulations related to medical waste management. This increases the demand for effective medical waste management solutions. Also, there is an increased demand for these services due to various healthcare facilities outsourcing their medical waste management to specialized companies. Hence, such factors boost the growth of the medical waste management market during the forecast period.

Lack of awareness challenges the growth of the medical waste management market. Healthcare providers and the general public lack awareness about the proper disposal of medical waste, which leads to improper disposal and potential health and environmental hazards. Also, the improper handling of hazardous waste by such staff can directly affect their health. Hence, such challenges impede market growth during the forecast period.

Key Trends–

Advancement in technology is an emerging trend in the medical waste management market. Microwave technology and autoclaving are the development of innovative technologies, which increase the efficiency of medical waste management, reduced costs, and improved safety. Innovative technologies, including microwave technology, autoclaving, and chemical treatment, are being developed and adopted to improve the efficiency and safety of medical waste management. Hence, the rising adoption of advanced technology is expected to boost the growth of the global medical waste management market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. – View Sample Report

Company Profiles

The medical waste management market report includes information on the product launches, sustainability, and prospects of leading vendors including Advanced Micro Devices Inc., All Medical Waste Australia Pty Ltd., BioMedical Waste Solutions LLC, BWS Inc., Casella Waste Systems Inc., Clean Harbors Inc., Daniels Health, EcoMed Services, EPCO, Gamma Waste Systems, GIC Medical Disposal Inc., GRP and Associates Inc., Hawaii Bio Waste Systems Inc., Larson Miller Inc., MEDPRO Disposal LLC, Stericycle Inc., Trilogy MedWaste Inc., Triumvirate Environmental, Veolia Environnement SA, and Waste Management Inc.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

Medical waste management market – Market Segmentation

This report extensively covers market segmentation by type (non-hazardous and hazardous), technique (offsite treatment and onsite treatment), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The non-hazardous segment will be significant for market growth during the forecast period. The non-hazardous segment includes plastic packaging, clean glass and plastic, paper and cardboard, and office products. In order to reduce the risk of infections to humans, medical waste needs to be disposed of properly, increasing the demand for medical waste management. Hence, such factors boost the segment growth during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technique
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global medical waste management market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global medical waste management market 2017 – 2021 ($ million)

• 4.2 Type Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.3 Technique Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Technique Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Non-hazardous – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Non-hazardous – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Non-hazardous – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Non-hazardous – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Non-hazardous – Year-over-year growth 2022-2027 (%)

• 6.4 Hazardous – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Hazardous – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Hazardous – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Hazardous – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Hazardous – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Technique

• 7.1 Market segments
• Exhibit 44: Chart on Technique – Market share 2022-2027 (%)
• Exhibit 45: Data Table on Technique – Market share 2022-2027 (%)

• 7.2 Comparison by Technique 
• Exhibit 46: Chart on Comparison by Technique
• Exhibit 47: Data Table on Comparison by Technique

• 7.3 Offsite treatment – Market size and forecast 2022-2027 
• Exhibit 48: Chart on Offsite treatment – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Offsite treatment – Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Offsite treatment – Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Offsite treatment – Year-over-year growth 2022-2027 (%)

• 7.4 Onsite treatment – Market size and forecast 2022-2027 
• Exhibit 52: Chart on Onsite treatment – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Onsite treatment – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Onsite treatment – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Onsite treatment – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Technique 
• Exhibit 56: Market opportunity by Technique ($ million)
• Exhibit 57: Data Table on Market opportunity by Technique ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 83: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 Canada – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027 
• Exhibit 91: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027 
• Exhibit 95: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 China – Market size and forecast 2022-2027 
• Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 All Medical Waste Australia Pty Ltd. 
• Exhibit 111: All Medical Waste Australia Pty Ltd. – Overview
• Exhibit 112: All Medical Waste Australia Pty Ltd. – Product / Service
• Exhibit 113: All Medical Waste Australia Pty Ltd. – Key offerings

• 12.4 BioMedical Waste Solutions LLC 
• Exhibit 114: BioMedical Waste Solutions LLC – Overview
• Exhibit 115: BioMedical Waste Solutions LLC – Product / Service
• Exhibit 116: BioMedical Waste Solutions LLC – Key offerings

• 12.5 BWS Inc.
• Exhibit 117: BWS Inc. – Overview
• Exhibit 118: BWS Inc. – Product / Service
• Exhibit 119: BWS Inc. – Key offerings

• 12.6 Casella Waste Systems Inc. 
• Exhibit 120: Casella Waste Systems Inc. – Overview
• Exhibit 121: Casella Waste Systems Inc. – Business segments
• Exhibit 122: Casella Waste Systems Inc. – Key offerings
• Exhibit 123: Casella Waste Systems Inc. – Segment focus

• 12.7 Clean Harbors Inc.
• Exhibit 124: Clean Harbors Inc. – Overview
• Exhibit 125: Clean Harbors Inc. – Business segments
• Exhibit 126: Clean Harbors Inc. – Key offerings
• Exhibit 127: Clean Harbors Inc. – Segment focus

• 12.8 Daniels Health
• Exhibit 128: Daniels Health – Overview
• Exhibit 129: Daniels Health – Product / Service
• Exhibit 130: Daniels Health – Key offerings

• 12.9 EPCO
• Exhibit 131: EPCO – Overview
• Exhibit 132: EPCO – Product / Service
• Exhibit 133: EPCO – Key offerings

• 12.10 Gamma Waste Systems
• Exhibit 134: Gamma Waste Systems – Overview
• Exhibit 135: Gamma Waste Systems – Product / Service
• Exhibit 136: Gamma Waste Systems – Key offerings

• 12.11 Larson Miller Inc.
• Exhibit 137: Larson Miller Inc. – Overview
• Exhibit 138: Larson Miller Inc. – Product / Service
• Exhibit 139: Larson Miller Inc. – Key offerings

• 12.12 MEDPRO Disposal LLC
• Exhibit 140: MEDPRO Disposal LLC – Overview
• Exhibit 141: MEDPRO Disposal LLC – Product / Service
• Exhibit 142: MEDPRO Disposal LLC – Key offerings

• 12.13 Stericycle Inc.
• Exhibit 143: Stericycle Inc. – Overview
• Exhibit 144: Stericycle Inc. – Business segments
• Exhibit 145: Stericycle Inc. – Key offerings
• Exhibit 146: Stericycle Inc. – Segment focus

• 12.14 Trilogy MedWaste Inc. 
• Exhibit 147: Trilogy MedWaste Inc. – Overview
• Exhibit 148: Trilogy MedWaste Inc. – Product / Service
• Exhibit 149: Trilogy MedWaste Inc. – Key offerings

• 12.15 Triumvirate Environmental 
• Exhibit 150: Triumvirate Environmental – Overview
• Exhibit 151: Triumvirate Environmental – Product / Service
• Exhibit 152: Triumvirate Environmental – Key offerings

• 12.16 Veolia Environnement SA 
• Exhibit 153: Veolia Environnement SA – Overview
• Exhibit 154: Veolia Environnement SA – Business segments
• Exhibit 155: Veolia Environnement SA – Key news
• Exhibit 156: Veolia Environnement SA – Key offerings
• Exhibit 157: Veolia Environnement SA – Segment focus

• 12.17 Waste Management Inc. 
• Exhibit 158: Waste Management Inc. – Overview
• Exhibit 159: Waste Management Inc. – Business segments
• Exhibit 160: Waste Management Inc. – Key offerings
• Exhibit 161: Waste Management Inc. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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