Medical Waste Management Market: Increase in Volume of Healthcare Waste is Projected to Boost the Growth of the Global Market

Wilmington, Delaware, United States, Transparency Market Research Inc.: According to Transparency Market Research’s latest report on the global medical waste management market for the historical period 2017–2019 and forecast period 2021–2028, increase in volume of healthcare waste and surge in geriatric and obese populations are projected to boost the growth of the global market during the forecast period

Medical Waste Management Market Outlook 2028

  • The global medical waste management market was valued at US$ 15.3 Bn in 2020
  • It is estimated to expand at a CAGR of 6.2% from 2021 to 2028
  • The global medical waste management market is expected to reach the value of US$ 25.2 Bn by the end of 2028

Technological Advancements and New Methods of Waste Disposal: Key Driver

Incineration technique employed for treatment, disposal, and management of medical waste has been one of the oldest and most widely adopted techniques in the U.S.

However, implementation of new policies and emission norms laid down by regulatory authorities have led to evolution and adoption of new techniques of medical waste management in the country

Request Sample of Report -

In order to achieve effective disposal of medical waste, several waste management companies are coming up with novel and advanced non-incineration management techniques such as steam autoclave treatment, chemical treatment, ozone treatment, pyrolysis, and electron beam technology

Recycling of medical waste is another emerging trend in the U.S., wherein techniques such as single-stream recycling and all-in-one mixed-waste processing have helped increase the rate of recycling and material recovery

New techniques and methods of waste disposal and management introduced in the U.S. are expected to gain regulatory approvals in the next few years. This is anticipated to drive the medical waste management market in the U.S. between 2021 and 2028.

Request for Custom Research -

Shift in Focus Toward Small & Medium Quantity Waste Generators Presents Lucrative Opportunities

Small- and medium-quantity waste generators comprise clinics & physician offices, dentists, long-term care & urgent care centers, ambulatory surgical centers, pharmacies, research institutes, blood banks, and others. These entities generate medical waste such as biomedical, hazardous, and pharmaceutical waste.

Key players in the global medical waste management market are targeting this group by providing customized service plans specific to the need of the waste generating firm

For instance, Sharps Compliance, Inc., one of the leading players in the global medical waste management market, has started targeting this market by focusing on two areas: field sales, which focuses on larger-dollar and nationwide opportunities where the route based pickup service is integrated with mail-back system solutions to create a comprehensive medical waste management offering. The other approach is inside and online sales, which focuses on individual or small groups such as professional offices, government agencies, smaller retail pharmacies & clinics, and assisted living/ long-term care facilities.

Currently, there are around 800,000 physician offices in the U.S. The number of retail health care clinics in the country increased from 1,914 in 2014 to 2,800 in 2017, an increase of 47%.

These factors along with rise in patient preference for treatment in home care and long-term care facilities in the U.S. are expected to drive the small-quantity & medium-quantity waste generators segment compared to the large-quantity generators segment during the forecast period.

This presents new opportunities for market players to enter into long-term contracts with manufacturers of small- and medium-quantity waste generators in the global medical waste management market

Ask for References -

High Initial Capital Investment and Environmental Safety Considerations

The global medical waste management market has witnessed strong growth in the past few years. However, high initial investment to establish the business, for instance high cost required to build the facility, cost of land for dumping the waste, high cost specialized waste collection vehicles and equipment utilized in the safe disposal of the waste, is likely to hamper the growth of the global market over the next few years.

The disposal and recycling process includes the emission of dangerous gases and compounds that are likely to disturb the environment and ecosystem. Hence, the medical waste management facility should be away from residential areas or be very effective in managing all the toxic gases responsible for air pollution.

Nevertheless, keeping all the drawbacks in consideration, various non-incineration technologies have been introduced in the past few years such as non-ionization treatment and steam autoclave treatment

However, adoption of more than one treatment method leads to increased economic burden on medical waste management service providers as well as waste generators preferring on-site medical waste management for their own medical waste disposal facility

Make an Enquiry Before Buying -

Medical Waste Management Market: Competition Landscape

This report profiles major players in the global medical waste management market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global medical waste management market is highly fragmented, with the presence of a number of international as well as regional players

Leading players operating in the global medical waste management market are

  • Stericycle
  • Republic Services Inc.
  • Veolia
  • US Ecology Inc.
  • BioMedical Waste Solutions
  • LLC
  • Clean Harbours Inc.
  • Waste Management Inc.
  • Sharps Compliance Inc.
  • Daniels Health
  • BWS Incorporated
  • and Alba Services GmbH & Co. KG
  • among others

More Trending Reports by Transparency Market Research –

Animal Genetics Market: The global animal genetics market was valued at around US$ 4,740.5 Mn in 2017 and is anticipated to reach US$ 8,022.7 Mn by 2026, expanding at a CAGR of 6.0% from 2018 to 2026.

Soft Tissue Allografts Market: The global soft tissue allografts market was valued at US$ 3.55 Bn in 2018, and is projected to reach ~ US$ 6.2 Bn by 2027, expanding at a CAGR of ~ 6.5% from 2019 to 2027.

Analytical Standards Market: The global analytical standards market was valued at ~US$ 1.2 Bn in 2018, and is projected to expand at a CAGR of ~6% from 2019 to 2027.

Trocars Market: The global trocars market. It was valued at ~US$ 390 Mn in 2018 and is expected to expand at a moderate pace to hit the ~US$ 560 Mn mark by the end of 2027.

Wound Irrigation Systems Market: Rise in number of older adults who need wound care for chronic diseases, such as diabetic foot ulcers, has expanded the avenue for stakeholders in the wound irrigation systems market

Amniotic Membrane Market: The global amniotic membrane market is projected to expand at a healthy CARG of ~10% from 2019 to 2027.

Clinical Chemistry Analyzers Market: The global clinical chemistry analyzers market was valued at ~US$ 11.3 Bn in 2018. The clinical chemistry analyzers market is projected to expand at a CAGR of ~4% from 2019 to 2027.

Non-Invasive Prenatal Testing Market: The global non-invasive prenatal testing market was valued at US$ 1.3 Bn in 2018. The non-invasive prenatal testing market is projected to expand at a CAGR of 16.4% from 2019 to 2027.

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update -


Rohit Bhisey
Transparency Market Research Inc.
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453

Back to news