MEDICAL WASTE MANAGEMENT MARKET

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1 MEDICAL WASTE MANAGEMENT MARKET BY SECTOR (Hospital & Pharmaceutical), SERVICE (Collection, Transportation & Storage, Treatment, Disposal & Recycling), TREATMENT TECHNOLOGY (Mechanical, Thermal, Chemical, Microwave Irradiation) MarketsandMarkets

2 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace & defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2013 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Pages 2

3 1 INTRODUCTION 1.1 MARKETS COVERED FIGURE 1 MARKET SEGMENTATION Medical Waste Management Sector Service Treatment Technology Geography Hospital Waste Management* Collection, Transportation & Storage Mechanical The Americas Pharmaceutical Waste Management** Waste Treatment Thermal Europe Disposal & Recycling Chemical Asia-Pacific Others*** Microwave Irradiation ROW**** * Includes: Regular medical waste & Anatomical waste ** Includes: Manufacturing waste & Clinical trial waste *** Includes: Residual Transfer, Sorting & Separation etc. **** Includes: Far East, Australia,Africa and other prominent regions that exclude Europe, Asia, and Americas Source: Expert Interviews, MarketsandMarkets Analysis MarketsandMarkets Sample Pages 3

4 2 EXECUTIVE SUMMARY This report covers the medical waste management market in major regions that include Asia- Pacific, Europe, the Americas, and Rest of the World (ROW). Medical waste management services include Collection, transportation & storage, Waste treatment, Disposal and Recycling, and Others. The major sectors mentioned in the report are hospital waste management and pharmaceutical waste management. Pharmaceutical waste management has the largest market share in terms of revenue and demand. Under services, Disposal and Recycling leads the overall market. The rising medical waste generation and environmental concerns are expected to enhance the growth prospects of the medical waste management market. The lucrative and high-investment areas such as Europe and the Americas are the key driving factors for an exponential growth of the medical waste management market. The report estimates the medical waste management market in terms of sector, service, treatment technology, and geography. TABLE 1 MEDICAL WASTE MANAGEMENT: MARKET REVENUE, BY GEOGRAPHY, ($MILLION) Region e 2018-p CAGR% ( ) The Americas XX XX XX XX XX Europe XX XX XX XX XX Asia-Pacific XX XX XX XX XX ROW XX XX XX XX XX Total XX XX XX XX XX e-estimated, p-projected Source: Expert Interviews, MarketsandMarkets Analysis MarketsandMarkets Sample Pages 4

5 The total medical waste management market revenue, in terms of geography, is expected to reach $XX million, growing at a CAGR of XX% from 2013 to The Americas dominates the market with $XX million in 2013; and is expected to reach $XX million by 2018, at a CAGR of XX%. This is followed by Europe, which is expected to reach $XX million by 2018, at a CAGR of XX% from 2013 to The growing pharmaceutical industry and strict regulations with regards to medical waste handling are the major drivers for market growth. MarketsandMarkets Sample Pages 5

6 3 MARKET OVERVIEW 3.1 MARKET STATISTICS MEDICAL WASTE MANAGEMENT TREATMENT TECHNOLOGIES Medical waste treatment is one of the crucial services of the medical waste management system. If there is any chance of human contact after treatment, then the medical waste should be completely disinfected and safe. This is also done in order to ensure the safety of waste workers or scavengers who may come in contact with the infected material/paraphernalia. FIGURE 2 WASTE TREATMENT TECHNOLOGY: MARKET REVENUE, BY CATEGORIES, 2013 ($MILLION) $Million Mechanical Thermal Chemical Microwave Irradiation Source: MarketsandMarkets Analysis Thermal technology is the dominating waste treatment technology that garnered the maximum revenue in This is followed by chemical & mechanical technologies. Microwave irradiation is an emerging technology with a significant growth rate. MarketsandMarkets Sample Pages 6

7 TABLE 2 MEDICAL WASTE MANAGEMENT: MARKET REVENUE, BY SUB-SECTOR, ($MILLION) Sub-sector e 2018-p CAGR% ( ) Regular medical waste management Anatomical waste management Manufacturing waste management Clinical trial waste management XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX Total XX XX XX XX XX e - Estimated, p - Projected Source: Expert Interviews, MarketsandMarkets Analysis The total market revenue of medical waste management, by sub-sector is expected to reach $XX million, growing at a CAGR of XX% from 2013 to Manufacturing waste management is expected to reach $XX million by 2018, growing at a CAGR of XX%. This is followed by Regular medical waste management, which is expected to reach $XX, at a CAGR of XX%. MarketsandMarkets Sample Pages 7

8 4 INDUSTRY ANALYSIS 4.1 MEDICAL WASTE MANAGEMENT: INDUSTRY TRENDS This section depicts the overall market trends of medical waste management in terms of regional growth rates, market revenue, and services from 2011 to FIGURE 3 MEDICAL WASTE MANAGEMENT: MARKET REVENUE & GROWTH RATES, BY GEOGRAPHY, ,, Revenue ($Million) CAGR% ( ) XX% XX% XX% XX% 0 Source: MarketsandMarkets Analysis The diagram above shows the growth rates of the Americas, Europe, Asia-Pacific, and ROW in the medical waste management market from 2011 to The Americas is the region with the highest CAGR of XX%, followed by Europe and ROW. In terms of revenue, the Americas is the dominating region, followed by Europe and Asia-Pacific. MarketsandMarkets Sample Pages 8

9 FIGURE 4 MEDICAL WASTE MANAGEMENT: MARKET REVENUE, BY SERVICES, Revenue ($Million) e 2018-p 12,00 10,00 Revenue ($Million) 8, 6, 4, 2, 0 Collection, Transportation & Storage Disposal & Recycling Total Waste Treatment Others Source: MarketsandMarkets Analysis The bar graph above represents the market revenue in terms of medical waste management services. There is a significant increase in market revenue from 2011 to The medical waste management market is expected to follow a similar growth trend till Disposal and recycling is a dominating service of the medical waste management industry. This is followed by collection, transportation, and storage. MarketsandMarkets Sample Pages 9

10 4.2 MEDICAL WASTE MANAGEMENT SERVICES: SUPPLY CHAIN ANALYSIS Medical waste management services supply chain depicts the process flow of major services provided by medical waste management companies. Along with the process flow of services, it also shows the flow direction of other important factors in a supply chain i.e.: Waste Revenue Information FIGURE 5 MEDICAL WASTE MANAGEMENT SERVICES: SUPPLY CHAIN Generators Medical Waste Generation Responsibility Internal Collection & Storage Service Providers Responsibility Waste Transportation Waste Treatment WASTE FLOW REVENUE FLOW INFORMATION FLOW Residual Transfer Disposal & Recycling Source: MarketsandMarkets Analysis MarketsandMarkets Sample Pages 10

11 Waste generators are those that produce waste through various medical and healthcare related services i.e. hospitals, pharmaceutical companies, etc. The first two services i.e. medical waste generation and internal collection & storage are usually taken care of by the waste generators. Waste flow and revenue flow in the supply chain is from generators to service providers, while information flow is bidirectional in nature. MarketsandMarkets Sample Pages 11

12 5 MEDICAL WASTE MANAGEMENT MARKET, BY SECTOR 5.1 MARKET ANALYSIS TABLE 3 MEDICAL WASTE MANAGEMENT: MARKET REVENUE, BY SECTOR, ($MILLION) Sector e 2018-p CAGR% ( ) Hospital waste management Pharmaceutical waste management XX XX XX XX XX XX XX XX XX XX Total XX XX XX XX XX e - Estimated, p - Projected Source: Expert Interviews, MarketsandMarkets Analysis The total medical waste management market, by sector is expected to reach $XX million, growing at a CAGR of XX% from 2013 to Pharmaceutical waste management dominates the market with total revenue of $XX million in 2013; and is expected to reach $XX million by 2018, at a CAGR of XX%. Hospital waste management is expected to reach a $XX million by 2018, at a CAGR of XX% from 2013 to MarketsandMarkets Sample Pages 12

13 6 MEDICAL WASTE MANAGEMENT MARKET, BY SERVICE 6.1 MARKET ANALYSIS TABLE 4 MEDICAL WASTE MANAGEMENT: MARKET REVENUE, BY SERVICE, ($MILLION) Region e 2018-p CAGR% ( ) Collection, transportation & storage XX XX XX XX XX Waste treatment XX XX XX XX XX Disposal and Recycling XX XX XX XX XX Others XX XX XX XX XX Total XX XX XX XX XX e - Estimated, p - Projected Source: Expert Interviews, MarketsandMarkets Analysis The total medical waste management market, by service is expected to reach $XX million, growing at a CAGR of XX% from 2013 to The Disposal and recycling service dominates the market with total revenue of $XX million in It is expected to reach $XX million by 2018, at a CAGR of XX%. This is followed by collection, transportation & storage, which is expected to reach a total of $XX million by 2018, at a CAGR of XX% from 2013 to MarketsandMarkets Sample Pages 13

14 7 MEDICAL WASTE MANAGEMENT MARKET, BY TREATMENT TECHNOLOGY 7.1 MARKET ANALYSIS TABLE 5 MEDICAL WASTE MANAGEMENT: MARKET REVENUE, BY TREATMENT TECHNOLOGY, ($MILLION) Technology e 2018-p CAGR% ( ) Mechanical XX XX XX XX XX Thermal XX XX XX XX XX Chemical XX XX XX XX XX Microwave Irradiation XX XX XX XX XX Total XX XX XX XX XX e - Estimated, p - Projected Source: Expert Interviews, MarketsandMarkets Analysis The total medical waste management market, by treatment technology is expected to reach $XX million, growing at a CAGR of XX% from 2013 to Thermal technology dominates the market with total revenue of $XX million in 2013, and is expected to reach $XX million by 2018, at a CAGR of XX%. This is followed by Chemical technology, which is expected to reach a total of $XX million by 2018, at a CAGR of XX%. MarketsandMarkets Sample Pages 14

15 8 MEDICAL WASTE MANAGEMENT, BY GEOGRAPHY 8.1 INTRODUCTION THE AMERICAS Market analysis TABLE 6 THE AMERICAS: MARKET REVENUE, BY TREATMENT TECHNOLOGY, ($MILLION) Technology e 2018-p CAGR% ( ) Mechanical XX XX XX XX XX Thermal XX XX XX XX XX Chemical XX XX XX XX XX Microwave Irradiation XX XX XX XX XX Total XX XX XX XX XX e - Estimated, p - Projected Source: Expert Interviews, MarketsandMarkets Analysis The total market revenue of the Americas, by treatment technology is expected to reach a value of $XX million growing at a CAGR of XX% from 2013 to Thermal technology commanded the largest share and is expected to reach $XX million by 2018, at a CAGR of XX%. Chemical technology is expected to reach $XX million, at a CAGR of XX%. MarketsandMarkets Sample Pages 15

16 9 COMPETITIVE LANDSCAPE 9.1 INTRODUCTION The competitive landscape is analyzed for global medical waste management service providers. The section covers major developments in the industry for the last three years. The developments tracked include mergers & acquisitions; agreements & collaborations, and investments. FIGURE 6 MEDICAL WASTE MANAGEMENT: MARKET SHARE, BY GROWTH STRATEGY, (AUGUST) XX% Agreem XX% XX% Merger Investm Source: Company Press Releases, MarketsandMarkets Analysis The diagram above indicates that the medical waste management market has been dominated by agreements and collaborations. Most of the collaborations have been associated with service provision for medical waste management. In some cases, the companies have formed collaborations that have lasted for more than five years, so that customers get the waste management services on a continuous basis. Mergers & acquisitions and investment are a few more development types through which medical waste management companies have been involved. MarketsandMarkets Sample Pages 16

17 9.2 AGREEMENTS/PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES The medical waste management industry had few agreements and collaborations between 2011 to Here the companies have focused on competition and less on coalition. The year 2013 witnessed four agreements and collaborations till the time of analysis. About XX companies were selected on the basis of their competitive activities performed in this segment and data for the same is collected between the period 2011 and The available data in this report is till August FIGURE 7 AGREEMENTS/PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES, No.of Development Source: Company Press Releases, MarketsandMarkets Analysis A respectable number of partnerships and alliances can been seen over the studied period. Most of the alliances have been formed in order to provide waste management services (processing, recycling and removal of waste) to customers. Some alliances also deal with equipment purchases by the user. Some of the key companies involved in collaborations are Medasend Biomedical Inc., MedClean Technologies, Veolia Environmental Services, and Waste Management Inc. MarketsandMarkets Sample Pages 17

18 Disclaimer: MarketsandMarkets strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge, when ordering, that MarketsandMarkets strategic analysis services are for our customers internal use and not for general publication or disclosure to third parties. Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation. MarketsandMarkets does not endorse any vendor, product or service depicted in its research publications. MarketsandMarkets strategic analysis publications consist of the opinions of MarketsandMarkets' research and should not be construed as statements of fact. MarketsandMarkets disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. MarketsandMarkets takes no responsibility for any incorrect information supplied to us by manufacturers or users. All trademarks, copyrights and other forms of intellectual property belong to their respective owners and may be protected by copyright. Under no circumstance may any of these be reproduced in any form without the prior written agreement of their owner. No part of this strategic analysis service may be given, lent, resold or disclosed to noncustomers without written permission. Reproduction and/or transmission in any form and by any means including photocopying, mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited. For information regarding permission, contact: Tel: MarketsandMarkets Sample Pages 18

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