Medical Waste Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Medical Waste Management Market is segmented by Type of Waste (Non-hazardous Waste and Hazardous Waste), Treatment (Incineration, Autoclaving, Chemical Treatment, and Other Treatments), Service (Collection, Transportation, and Storage, Treatment and Disposal, Recycling, and Other Services), Treatment Site (Offsite Treatment and Onsite Treatment), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Medical Waste Management Industry Overview

Medical Waste Management Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.5 %

Major Players

Medical Waste Management Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Medical Waste Management Market Analysis

The Medical Waste Management Market is poised to record a CAGR of 5.5% during the forecast period (2022-2027).

Due to the increase in coronavirus-infected populations, the medical waste generated by health facilities has increased tremendously. Special care should be taken when disposing of COVID-19-related medical waste, as it is likely to spread the virus if not incinerated properly. With the growth in medical waste generation amid the outbreak, several authorities worldwide have devised strategies for waste disposal. For instance, in early 2020, the Central Pollution Control Board (CPCB) India provided guidelines for the management, treatment, and disposal of waste generated during the treatment, diagnosis, and confinement of COVID-19 patients. This has had a positive impact on market growth. Additionally, in August 2021, the Chinese government and the United Nations Development Program (UNDP) jointly launched a new initiative in Nepal to help seven hospitals in the South Asian country improve their healthcare waste management systems to better handle the waste generated during the COVID-19 pandemic. Thus, COVID-19 has had a significant impact on the growth of the market.

Population growth worldwide is increasing the number of patients, leading to an increase in the volume of medical waste generated. Thus, with the increase in medical waste, governments around the world are taking new steps to combat the issue. For example, in India, the Ministry of Environment and Forests (MoEF) introduced the Medical Waste Management and Handling Rules, 1998, and the Bio-Medical Waste (Management and Handling) (Amendment) Rules, 2003 to provide official and mandatory guidelines for health care waste management. The Central Pollution Control Board has also issued guidelines on Central Medical Waste Treatment Plans (CBWTF).

Moreover, a growing number of government-sponsored programs are also driving the market for medical waste management. Several government agencies adhere to laws relating to medical waste. These include the Occupational Safety and Health Administration (OSHA), the Centers for Disease Control (CDC), the U.S. Food and Drug Administration (FDA), the Department of Transport (DOT), and the Drug Enforcement Administration (DEA). Additionally, the initiatives taken by the governments of different countries are also propelling the growth of the market. For instance, in August 2021, the Indian government virtually inaugurated a decentralized biomedical waste incinerator at Buxar Municipality, Bihar. The technology developed by Ganesh Engineering Works was selected through the Biomedical Waste Treatment Innovation Challenge launched in June 2020 by the Waste to Wealth Mission.

Furthermore, the advancement in technology is also contributing to the growth of the market. For instance, in February 2022, Envetec Sustainable Technologies Limited launched its GENERATIONS technology. It is a breakthrough cleantech solution that safely treats biohazardous waste and materials, including plastics, glass, PPE, sharp containers, and other general laboratory consumables, on-site at the source. Envetec is one of the pioneers in environmentally friendly, cleantech solutions engineered for laboratories in the diagnostic, pharmaceutical, medical device, and food and beverage industries. With the introduction of GENERATIONS, Envetec became one of the world’s first and only cleantech companies with a validated technology providing treatment at the source to eliminate the existing harmful treatment and disposal of biohazardous waste and materials.

Thus, the market is expected to experience growth over time. However, the need to invest heavily due to the demand for high-value equipment and new technological equipment may hinder the growth of the medical waste management market.

Medical Waste Management Industry Segments

As per the scope of the report, medical waste contains infectious material, and it is the waste generated by healthcare facilities like physician’s offices, hospitals, dental practices, laboratories, medical research facilities, and veterinary clinics. Medical waste can contain bodily fluids like blood or other contaminants. Some examples are culture dishes, glassware, bandages, gloves, discarded sharps like needles or scalpels, swabs, and tissue. The Medical Waste Management Market is segmented by Type of Waste (Non-hazardous Waste and Hazardous Waste), Treatment (Incineration, Autoclaving, Chemical Treatment, and Other Treatments), Service (Collection, Transportation, and Storage, Treatment and Disposal, Recycling, and Other Services), Treatment Site (Offsite Treatment and Onsite Treatment), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Type of Waste
Non-hazardous Waste
Hazardous Waste
By Treatment
Chemical Treatment
Other Treatments
By Service
Collection, Transportation, and Storage
Treatment and Disposal
Other Services
By Treatment Site
Offsite Treatment
Onsite Treatment
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America

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Medical Waste Management Market Trends

This section covers the major market trends shaping the Medical Waste Management Market according to our research experts:

Incineration Segment is Estimated to Garner the Largest Share in the Medical Waste Management Market

The incineration segment is anticipated to hold a significant share of the market as burning is the most common and preferred method used to dispose of medical waste, although it is not environmentally safe as it leads to global warming. Factors such as convenience and lower capital investments are likely to boost the growth of this segment over the coming years.

Amid the pandemic, several hospitals and healthcare settings considered incineration as one of the best options for medical waste disposal as it restricted the spread of the virus to a greater extent. For instance, according to the World Health Organization's report titled "A global analysis of health waste in the context of COVID-19: status, impacts, and recommendations" published in February 2022, approximately 97% of plastic waste from the COVID-19 trial was burned.

In addition, the introduction of government programs and the introduction of new ventures are projected to boost the market segment’s growth. For example, in August 2021, the Indian government introduced a biomedical waste disposal facility in Buxar Municipality, Bihar, India that is capable of handling 50 kilograms of biomedical waste made from cotton, plastic, or similar materials per hour.

Therefore, due to the aforesaid factors, the market segment is expected to grow over the forecast period.

Number of Biomedical Waste Facility, By States, India, 2020

North America is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period

The North American region is expected to dominate the market for medical waste management due to the presence of a highly developed health sector and an increase in infectious and chronic diseases requiring advanced medical and surgical resources and treatment. Moreover, many hospitals in the United States have begun the process of recycling used equipment, which is sold back to the hospital for a fraction of the initial cost. Such factors greatly contribute to the regional market's growth.

According to a study entitled "Application of the Sterilization Process for Inactivation of Bacillus Stearothermophilus in Biomedical Waste and Associated Greenhouse Gas Emissions" published in July 2020, the total amount of biomedical waste produced annually increased from 1,362 tons in 2009 to 2,375 tons in 2019. The biomedical waste produced per hospital bed was estimated at 1.19 kg per bed per day. The study also suggested that about 60% of biomedical waste in the United States is incinerated, 37% is disinfected, and some is treated differently. Therefore, the high amount of medical waste produced in the country will increase the need for a variety of medical waste management treatments, which will bolster the market's growth.

Additionally, the initiatives undertaken by the market players are also propelling the growth of the market. For instance, in May 2021, Stericycle and UPS Healthcare entered into a partnership to manage the reverse logistics of medical waste. As per the agreement, Stericycle will help UPS healthcare manage the reverse logistics of medical waste, including waste classification and disposal. Through this partnership, UPS and Stericycle will provide end-to-end logistical support to the healthcare industry.

Thus, owing to the abovementioned factors, the market in North America is expected to project growth over the forecast period.

Medical Waste Management Market - Growth Rate by Region

Medical Waste Management Market Competitor Analysis

The medical waste management market is fairly competitive in nature. Medical waste management is one of the biggest challenges being faced by healthcare providers day by day. Other concerns like HIPAA, epidemiology, potential civil litigation, and state and local regulation often complicate it. The major market players in medical waste management are focusing on elaborating their portfolio of services and products in the waste management market. Companies are also adopting various growth strategies, such as partnerships, agreements, mergers, and acquisitions, to strengthen their market presence in the global medical waste management market. Some of the major market players are Biomedical Waste Solutions, Clean Harbors, Daniels, Sharpsart Inc., Stericycle Inc., and WM Intellectual Property Holdings LLC, among others.

Medical Waste Management Market Top Players

  1. Biomedical Waste Solutions, LLC

  2. Clean Harbors, Inc.

  3. Daniels Sharpsmart Inc.

  4. Stericycle, Inc.

  5. Waste Management, Inc.

*Disclaimer: Major Players sorted in no particular order

Medical Waste Management Market Concentration

Medical Waste Management Market Recent Developments

  • In August 2022, the Government of Japan and the United Nations Development Programme (UNDP) launched a new project to support the national health agencies and other key stakeholders in Bangladesh, Bhutan, and the Maldives to address the unprecedented rise in infectious health care waste caused by the COVID-19 pandemic.
  • In March 2022, a new business named MediWaste was launched to handle Bermuda's biohazardous waste. MediWaste is responsible for transporting, treating, and disposing of medical waste through two incinerators specifically designed for the purpose.

Medical Waste Management Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Initiatives by Government Authorities

      2. 4.2.2 Increasing Awareness of Medical Waste

      3. 4.2.3 Increasing Medical Waste

    3. 4.3 Market Restraints

      1. 4.3.1 Technological Advancements

      2. 4.3.2 High-capital Investments

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 5.1 By Type of Waste

      1. 5.1.1 Non-hazardous Waste

      2. 5.1.2 Hazardous Waste

    2. 5.2 By Treatment

      1. 5.2.1 Incineration

      2. 5.2.2 Autoclaving

      3. 5.2.3 Chemical Treatment

      4. 5.2.4 Other Treatments

    3. 5.3 By Service

      1. 5.3.1 Collection, Transportation, and Storage

      2. 5.3.2 Treatment and Disposal

      3. 5.3.3 Recycling

      4. 5.3.4 Other Services

    4. 5.4 By Treatment Site

      1. 5.4.1 Offsite Treatment

      2. 5.4.2 Onsite Treatment

    5. 5.5 Geography

      1. 5.5.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.5.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.5.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.5.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Biomedical Waste Solutions, LLC

      2. 6.1.2 Clean Harbors, Inc.

      3. 6.1.3 Daniels Sharpsmart Inc.

      4. 6.1.4 Republic Services, Inc.

      5. 6.1.5 Stericycle, Inc.

      6. 6.1.6 Suez Environmental Services

      7. 6.1.7 US Ecology, Inc.

      8. 6.1.8 Veolia Environnmental Services

      9. 6.1.9 Waste Management, Inc.

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Medical Waste Management Market Research FAQs

The Global Medical Waste Management Market is studied from 2018 - 2028.

The Global Medical Waste Management Market is growing at a CAGR of 5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Biomedical Waste Solutions, LLC, Clean Harbors, Inc., Daniels Sharpsmart Inc., Stericycle, Inc., Waste Management, Inc. are the major companies operating in Global Medical Waste Management Market.

Global Medical Waste Management Industry Reports

In-depth industry statistics and market share insights of the Global Medical Waste Management sector for 2020, 2021, and 2022. The Global Medical Waste Management research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Global Medical Waste Management report PDF.

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