Global Medical Waste Management Market - A Comprehensive Overview By Top Companies: Stericycle, SUEZ, CLEAN HARBORS INC., Veolia, BioMedical Waste Solutions, LLC, REMONDIS AG & Co. KG., Sharps Compliance, Inc. And Others

Databridgemarketresearch.com Adds “Global Medical Waste Management Market Demand, Growth, Opportunities And Analysis Of Top Key Player Forecast To 2025” To Its Research Database.

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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Market Segmentation:

Global Medical Waste Management Market, By Type of Waste (Hazardous Waste, Non-Hazardous Waste), Service Type (Collection, Transportation, & Storage, Treatment & Disposal, Recycling, Others), Treatment Type (Incineration, Autoclaving, Chemical Treatment, Irradiative, Biological, Others), Treatment Site (Offsite, Onsite), Category (Controlled, Uncontrolled), Source of Generation (Hospitals, Physician Offices, Clinical Laboratories, Manufacturers, Reverse Distributors), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025

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Market Drivers:

The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, eco-friendly 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 global medical waste management market.

RISE IN GENERATION OF HEALTHCARE WASTE

Medical waste management refers to the suitable processing of waste materials produced by the healthcare institutions. The waste generated in the diagnosis, treatment or immunization of human beings or animals, including related research and production or testing of biologicals is termed as healthcare waste. These waste materials are engendered at clinics, bloods banks, and laboratories. With the surge in healthcare industries, there appears a rapid growth in healthcare waste too. Some of the statistics for the same are mentioned below

According to World Health Organization (WHO), among the total amount of waste generated by health-care activities about 85.0% is non-hazardous waste. The remaining 15.0% is considered hazardous material that may be infectious, chemical or radioactive.

According to World Health Organization (WHO), the developed countries generate 0.5 kg of hazardous waste per hospital bed per day and developing countries generate on average 0.2 kg

According to BioMedical Waste Solutions, LLC., 5.9 million tons of medical waste is produced every year in America.

According to Molecular Diversity Preservation International and Multidisciplinary Digital Publishing Institute (MDPI), in 2017, an article published in Sustainability reports showed that healthcare waste generation rates (HCWGR) are generally lower in developing countries than in the developed countries. Though, it is observed that there is rise in production of healthcare waste worldwide

Growing Healthcare Industry

The healthcare industry has become the prime sector in the terms of revenues and employment. This sector comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, and health insurance. According to Health Carousel, in the U.S, the healthcare profession is set to become one of the biggest and fastest-growing sectors. According to the Bureau of Labour Statistics, the fastest employment growth in between 2014-2024 is estimated in healthcare

Indian healthcare sector is growing at a balanced pace due to its improved coverage system, services and growing expenditure by public as well private players. The private and public are the two major components of Indian healthcare delivery system. Medical sector is growing lucratively in India as it is cost competitive when compared to Asian and Western countries

Hospitals are the prime growing segment in the healthcare sector. Moreover, Hospitals are the leading medical waste generating entity. The medical wastes produced in any form have to be managed to lower the risks of spreading or epidemic of diseases. The expansion in hospitals, specialized clinics and diagnostic centers require huge number of inventories for day to day functioning. This might lead to production of more waste. Therefore, overall growth in healthcare industry coupled with rising patient populace requiring prolong medical and surgical help is driving the market to grow

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IMPORTANCE OF MEDICAL WASTE MANAGEMENT

The World Health Organization (WHO) has promoted the medical waste as special waste as certain categories of health care waste is considered as hazardous and potentially dangerous. The health care waste has been recognized as one of the noteworthy problems that adversely affect both human health and the environment, when improperly stored, transported and disposed.

For instance, hospital sewage contains 2-10 times more antibiotic-resistant bacteria than domestic wastewater, which should be disposed properly. There are many risks related to inappropriate processing and dumping of hazardous medical waste. If wastes are incinerated at low temperature i.e. less than 800°C, hydrochloric acid, dioxins, furans and other toxic air-borne pollutants are formed which are injurious to public health. Such exposures of low or high doses of dioxins and furans for long and short term may lead severe ailments such as immune system disorders, abnormal development of the nervous system, endocrine disruption, reproductive damage, skin lesions and impaired liver function.

The random disposal or uncontrolled dumping of medical wastes directly affects the environment in terms of soil and water pollution. The pharmaceutical wastes and chemicals, if poorly controlled and discharged with the waste water and sewage sludge could lead to contamination of water and soil with pathogens or toxic chemicals. It may also result to deteriorating or damage of biological sewage treatment plants or septic tanks. This eventually ends up polluting the ecosystem and water sources.

Major Players:

Some of the major players operating in this market are Stericycle, SUEZ, CLEAN HARBORS INC., Veolia, BioMedical Waste Solutions, LLC, REMONDIS AG & Co. KG., Sharps Compliance, Inc., Waste Management, Inc., Daniels Sharpsmart and Triumvirate Environmental among others.

STERICYCLE:

Stericycle was instituted in 1989 and headquartered at Lake Forest, U.S. The company is engaged in providing highly specialized solutions to the healthcare, retail, and commercial businesses in the United States and globally. The company is involved in collecting and processing of regulated and specialized waste for disposal services. The company offers enormous services namely medical waste disposal, pharmaceutical waste disposal, hazardous waste management, sustainability solutions, regulated recall & return management communication, logistics, and data management services for expired, withdrawn, or recalled products. The company operates in three different segments namely domestic and Canada regulated waste & compliance services, international regulated waste & compliance services and domestic communication & related services. The company offers services in industries such as maritimes & airlines, veterinarians, dentists, retailers and pharmacies among others.

The company’s operations span across 21 countries including United States, Canada, Ireland, the Netherlands, Spain, and the United Kingdom (U.K.). It provides regulated services in Argentina, Brazil, Chile, Japan, Mexico, Portugal, Republic of Korea and Romania. It has subsidiaries namely- Stericycle International LLC (U.S.), Stericycle Return Inc, (U.S.), Strong Environmental Inc, (U.S.), SRCL Ltd, (U.K.), Cardinal Group Inc. (U.S.) and others.

Suez:

SUEZ was established in 2010 and headquartered at Paris, France. The firm specializes in smart and sustainable resource management. It provides water and waste management solutions in order to optimize resource management and strengthen their environmental and economic performances. The company operates in different segments like; water Europe, recycling and recovery, international, WTS and others. The company’s solution and services are widely applicable in food & beverage, chemical & pharmaceutical, construction, power, pulp & paper, site construction & soil decontamination, mining, oil & gas, electronic & electrical products, automotive, transport & aeronautic and others.

SUEZ has a strong geographical presence in Asia-Pacific, Europe, South America and others. some of company’s subsidiaries are SUEZ North America (United States), Lyonnaise (France), Degrémont (France), Agbar (Spain), SAFEGE (France) among others

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Table of Contents:

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL MEDICAL WASTE MANAGEMENT MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED
2.2 GEOGRAPHIC SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 RESEARCH METHODOLOGY
2.6 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7 SECONDARY SOURCES
2.8 ASSUMPTIONS

3 MARKET OVERVIEW

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.3.1 INCREASING HEALTHCARE EXPENDITURE

3.4 CHALLENGES

4 EXECUTIVE SUMMARY

5 GLOBAL MEDICAL WASTE MANAGEMENT MARKET, BY TYPE OF WASTE

5.1 OVERVIEW

5.2 HAZARDOUS WASTE

5.3 NON-HAZARDOUS WASTE

6 GLOBAL MEDICAL WASTE MANAGEMENT MARKET, BY SERVICE TYPE

6.1 OVERVIEW
6.2 COLLECTION, TRANSPORTATION, & STORAGE
6.3 TREATMENT & DISPOSAL
6.4 RECYCLING
6.5 OTHERS

7 GLOBAL MEDICAL WASTE MANAGEMENT MARKET, BY TREATMENT TYPE

7.1 OVERVIEW
7.2 INCINERATION
7.3 AUTOCLAVING
7.4 CHEMICAL TREATMENT
7.5 IRRADIATIVE
7.6 BIOLOGICAL
7.7 OTHERS

8 GLOBAL MEDICAL WASTE MANAGEMENT MARKET, BY TREATMENT SITE

8.1 OVERVIEW

8.2 OFFSITE

8.3 ONSITE

9 GLOBAL MEDICAL WASTE MANAGEMENT MARKET, BY CATEGORY

9.1 OVERVIEW
9.2 CONTROLLED
9.3 UNCONTROLLED

10 GLOBAL MEDICAL WASTE MANAGEMENT MARKET, BY SOURCE OF GENERATION

10.1 OVERVIEW
10.2 HOSPITAL
10.3 PHYSICIAN OFFICES
10.4 CLINICAL LABORATORIES
10.5 REVERSE DISTRIBUTORS
10.6 MANUFACTURERS

11 GLOBAL MEDICAL WASTE MANAGEMENT MARKET, BY GEOGRAPHY

11.1 OVERVIEW

11.2 NORTH AMERICA

11.3 EUROPE

11.4 ASIA-PACIFIC

11.5 SOUTH AMERICA

11.6 MIDDLE EAST AND AFRICA

12 GLOBAL MEDICAL WASTE MANAGEMENT MARKET, COMPANY LANDSCAPE

12.1 COMPANY SHARE ANALYSIS: GLOBAL
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
12.3 COMPANY SHARE ANALYSIS: EUROPE
12.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC

13 COMPANY PROFILES

13.1 STERICYCLE

13.2 SUEZ

13.3 CLEAN HARBORS, INC.

13.4 VEOLIA

13.5 BIOMEDICAL WASTE SOLUTIONS, LLC.

13.6 REMONDIS SE & CO. KG

13.7 SHARPS COMPLIANCE, INC.

13.8 WASTE MANAGEMENT, INC.

13.9 DANIELS SHARPSMART

13.10 TRIUMVIRATE ENVIRONMENTAL

14 RELATED REPORTS

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