New Opportunities in Medical Waste Management Market is Expected to Generate Huge Growth by 2026

The research report by DataM Intelligence titled ‘Global Medical Waste Management Market – Size, Share and Forecast (2019-2026)’ analyses the scope and trends prevailing in this industry.

Global Medical Waste Management Market Dynamics
The global market for the Medical Waste Management Market is primarily driven by the increasing initiatives by government authorities, a large amount of healthcare waste generated and raising awareness on using eco-friendly and safe waste management and treatment processes. According to the World Health Organization, an estimated 16 billion injections are administered every year worldwide. But, not all needles and syringes were disposed safely, creating a risk of injury and infection and opportunities for reuse. Other factors driving the market is the development of the overall healthcare industry including R&D which is triggering the demand for waste management systems. Furthermore, the increase in technological advancements and the rising generation of excess medical waste across the globe are anticipated to propel the growth of the medical waste management market globally.
However, lack of reimbursement policies and the high cost of some medical waste management systems may hinder the market progress.
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Global Medical Waste Management Market Segmentation
By Service Type, the Global Medical Waste Management Market is segmented into Disposal, Recycling, Collection, Transportation & Storage, and Others. The disposal of waste segment accounts for the largest revenue share. Increasing government initiatives for the disposal of medical waste is expected to drive the growth of this market segment. However, the recycling segment is anticipated to be the fastest-growing segment during the forecast period due to the development of innovative and eco-friendly techniques.
By Treatment, the Global Medical Waste Management Market is segmented into Chemical treatment, Incineration, Autoclaving, and Others. Incineration holds the most significant market share as it is the simple, effective and highly preferred method used for the disposing of medical waste.
The Environmental Protection Agency reports about 80% of biohazardous waste continue to end up in incineration facilities. However, the Environment Protection Agency has imposed strict regulations concerning incineration of waste due to the increasing global warming. Hence, chemical treatment and other non-incineration methods are predicted to replace incineration in the near future.
By Type of Waste, the Medical Waste Management market is bifurcated into Non-Hazardous and Hazardous Waste. Hazardous Waste is further sub-segmented into Infectious & Pathological Waste, Pharmaceutical Waste, Sharps and others. The non-hazardous waste segment accounts for the most substantial share of the market. Non-Hazardous are almost 80% of the total waste generated by healthcare facilities, while the remaining 20% of waste is considered to be hazardous and may be infectious, toxic, or radioactive.

Global Medical Waste Management Market Regional Analysis
North America leads the global medical waste management market owing to the stringent laws for medical waste management, increasing healthcare expenditure, high use of biomedical technologies and products, presence of a large number of healthcare waste generators and high awareness about safe medical waste disposal. Moreover, the rapidly ageing population and increasing incidents of infectious and chronic diseases which require medical and surgical aids, which generate a large number of byproducts and residues is driving the market growth. Stringent government regulations regarding the handling of medical waste have been one of the major factors driving the medical waste management market. For instance, the U.S. Department of Labor Occupational Safety & Health Administration (OSHA), regulates several aspects of medical waste, including management of sharps, requirements for containers that hold or store medical waste, labelling of medical waste containers, and employee training. These standards are designed to protect healthcare workers from the risk of exposure to blood-borne pathogens. However, they also help to systematically manage wastes, which benefit the public and the environment.
Asia Pacific is anticipated to exhibit the fastest CAGR during the forecast period due to the presence of a large patient population, improving healthcare infrastructure coupled with growing social awareness and establishment of regulations for the proper disposal of medical residues and by-products.

Global Medical Waste Management Market Competitive Trends
Key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches are other ways the leading players improve their market presence.
In April 2019, RedHawk Holdings Corp. announced it is increasing its business focus on the development and sale of its line of Sharps and Needle Disintegration Devices (“SANDD”) designed for the safe and environmentally friendly incineration and disposal of hypodermic needles. RedHawk offers two SANDD medical devices – SANDD mini and the SANDD Pro.
In April 2019, Waste Management and Advanced Disposal, two of America's largest waste management companies, are joining forces in a $4.9 billion deal. Texas-based Waste Management has agreed to acquire Florida-based Advanced Disposal for about $2.9 billion in cash, marking one of the biggest acquisitions in the waste collection, recycling, and disposal spaces in more than a decade.

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This report contains the following table of contents -
Section 1. Global Medical Waste Management Market Methodology and Scope
1.1 Research methodology
1.2 Research Objective and Scope of the Report
Section 2. Global Medical Waste Management Market – Market Definition and Overview
Section 3. Global Medical Waste Management Market – Executive Summary
3.1 Market Snippet By Service Type
3.2 Market Snippet By Treatment
3.3 Market Snippet By Treatment Site
3.4 Market Snippet By End-user
3.5 Market Snippet by Region
Section 4. Global Medical Waste Management Market – Market Dynamics
4.1 Market Impacting Factors
4.1.1 Drivers
4.1.1.1 Growing government initiatives
4.1.1.2 Large Amount of Healthcare Waste Generated
4.1.1.3 Driver 3
4.1.2 Restraints
4.1.2.1 Lack of stringent of regulations for medical waste management in developing countries.
4.1.2.2 Restraint 2
4.1.3 Impact Analysis
Section 5. Global Medical Waste Management Market – Industry Analysis
5.1 Porter's Five Forces Analysis
5.2 Pricing Analysis
5.3 Regulatory Analysis
5.4 Principles of Waste Management
Section 6. Global Medical Waste Management Market – By Service Type
6.1 Disposal
6.2 Recycling
6.3 Collection, Transportation & Storage
6.4 Others
Section 7. Global Medical Waste Management Market – By Treatment
7.1 Chemical treatment
7.2 Incineration
7.3 Autoclaving
7.4 Biological
7.5 Others
Section 8. Global Medical Waste Management Market – By Type of Waste
8.1 Non-Hazardous Waste
8.2 Hazardous Waste
8.2.1 Infectious & Pathological Waste
8.2.2 Pharmaceutical Waste
8.2.3 Sharps
8.2.4 Other Medical Waste
Section 9. Global Medical Waste Management Market – By Treatment Site
9.1 Offsite Treatment
9.2 Onsite Treatment
Section 10. Global Medical Waste Management Market – By Region
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 U.K.
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Rest of Europe
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Rest of South America
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Australia
10.4.5 Rest of Asia Pacific
10.5 The Middle East and Africa
Section 11. Global Medical Waste Management Market – Competitive Landscape
11.1 Competitive Scenario
11.2 Competitor Strategy Analysis
11.3 Comparative Service Type Portfolio Analysis
11.4 Market Positioning/Share Analysis
11.5 Mergers and Acquisitions Analysis
Section 12.Company Profiles
12.1 Stericycle Inc.
12.2 Sharp Compliance Inc.
12.3 Waste Management Inc.
12.4 Clean Harbors Inc.
12.5 Suez Environnement S.A.
12.6 Republic Services Inc.
12.7 Daniels Sharpsmart Inc.
12.8 Veolia Environment
12.9 BioMedical Waste Solutions LLC
12.10 Remondis Medison GmbH
Section 13. Global Medical Waste Management Market – Premium Insights
Section 14. Global Medical Waste Management Market – DataM
14.1 Appendix
14.2 About Us and Services
14.3 Contact Us

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