Medical Waste Management Equipment Market Research Report -Forecast till 2027

Medical Waste Management Equipment Market Research Report: Information by Waste Type (Hazardous Waste, Non-Hazardous Waste and others), Equipment Type (Sorting Equipment, Disposal & Processing Equipment, Treatment Equipment and others), Site (Off-Site and On-Site), End User (Hospitals and Clinics, Medical Research Institutes, Blood Banks and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027

Q: What are the major tailwinds pushing the growth of the global medical waste management equipment market?

Rising rate of treatment procedures.. Read More

ID: MRFR/MED/1420-HCR | February 2021 | Region: Global | 105 pages

Medical Waste Management Equipment Market Scenario

Medical Waste Management Equipment Market is expected to register 5.1% CAGR during the forecast period, 2019 to 2025.

Waste management on a bigger term is related to the collection, transportation, disposal, reduction, monitoring, and recycling of used healthcare materials. Medical waste is generated by activities such as diagnosis, treatment (including surgeries), and other prevention of diseases. It is obligatory to treat various pathogens and hazardous chemicals produced during medical operations. The medical waste management equipment converts infectious, contaminated, and hazardous medical waste into safe and reusable products and materials. The drivers of this market are the increasing activates in research and development related to healthcare, rising expenditure rate in healthcare and treatment, and the rising prevalence of communicable diseases. The rising prevalence of diseases and number of patients are the major cause of the increase in medical waste, and therefore it drives the growth of the market.

Segmentation

The Medical Waste Management Equipment Market has been segmented based on waste type, equipment type, site, end user, and region.

Based on waste type, the global market has been classified into hazardous waste, non-hazardous waste, and others. The non-hazardous waste segment is likely to register the highest CAGR during the forecast period. The equipment type segment has been further classified into sorting equipment, disposal & processing equipment, treatment equipment, and others. The treatment equipment segment is likely to hold the maximum market share of the medical waste management equipment market during the forecast period. The site segment is divided into off-site and on-site, with the off-site segment holding a major share of the global market.

The medical waste management equipment global market, by end user, has been segmented into hospitals and clinics, medical research institutes, blood banks, and others.

The global medical waste management equipment market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas have further been segmented into North America and South America, with the North American market divided into the US and Canada. The European medical waste management equipment market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The medical waste management equipment market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The medical waste management equipment market in the Middle East & Africa has been segmented into the Middle East and Africa.

Key Players

The Key Players operating in the Global Medical Waste Management Equipment Market are AMB Ecosteryl, ARVS Equipments Private Limited, Steelco S.p.A., Bertin, Bondtech Corporation, Hydroclave, Chongqing Gient Heating Industry Co., Ltd., Novartis AG, Medicinova, Inc., Merck & Co., Inc., and Prometic Life Sciences Inc.

Regional Market Summary

Global Medical Waste Management Equipment Market Share by Region, 2018 (%)

Source: World Health Organization (WHO)

The market in the Americas is expected to dominate the medical waste management equipment market due to the increasing per capita healthcare expenditure and the high adoption rates of new technology in the region.

The market in Europe is expected to show a considerable amount of growth. This can be attributed to the presence of a well-established healthcare system, an increase in chronic diseases, and the involvement of key companies. In 2018, the World Health Organization (WHO) stated that the total number of waste generated from healthcare activities is around 85% general waste, and rest 15% is hazardous waste (such as chemicals, radioactive, infectious materials, and others). Therefore, the market in the region is expected to grow significantly during the forecast period.

The market in Asia-Pacific is projected to have a steady growth rate during the forecast period owing to the growing patient pool and increasing government initiatives for healthcare reforms.

The market in the Middle East & Africa is projected to account for the least share of the market due to the low per capita disposable income in the region.

Global Medical Waste Management Equipment Market, by Waste Type

Hazardous Waste
- Infectious and Pathological Waste
- Pharmaceutical Waste
- Others

Nonhazardous Waste

Global Medical Waste Management Equipment Market, by Equipment Type

Sorting Equipment
- Shredders
- Balers
- Others

Disposal & Processing Equipment
- Precipitators
- Crushers
- Combustor
- Others

Treatment Equipment
- Autoclave
- Microwave
- Others

Global Medical Waste Management Equipment Market, by Site

Off-Site

On-Site

Global Medical Waste Management Equipment Market, by End User

Hospitals and Clinics

Medical Research Institutes

Blood Banks

Others

Global Medical Waste Management Equipment Market, by Region

Americas
- North America
  - US
  - Canada
- Latin America

Europe
- Western Europe
  - Germany
  - France
  - Italy
  - Spain
  - UK
  - Rest of Western Europe
- Eastern Europe

Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific

Middle East & Africa
- Middle East
- Africa

Intended Audience

Pharmaceutical companies

Hospitals and clinics

Government research institutes

Academic institutes and universities

Venture capitalists

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: Significant Value
CAGR	5.1% CAGR (2019-2025)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	by Waste Type, Equipment Type, Site
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	AMB Ecosteryl, ARVS Equipments Private Limited, Steelco S.p.A., Bertin, Bondtech Corporation, Hydroclave, Chongqing Gient Heating Industry Co., Ltd., Novartis AG, Medicinova, Inc., Merck & Co., Inc., and Prometic Life Sciences Inc.
Key Market Opportunities	Rising expenditure rate in healthcare and treatment, and the rising prevalence of communicable diseases. \r\n The rising prevalence of diseases and number of patients are the major cause of the increase in medical waste, and therefore it drives the growth of the market.
Key Market Drivers	The market in Europe is expected to show a considerable amount of growth.

Frequently Asked Questions (FAQ) :

At what CAGR is the global medical waste management equipment market projected to grow during the forecast period (2019-2025)?

The global medical waste management equipment market is expected to register over 5.1% CAGR over the assessment period (2019-2025).

What are the major tailwinds pushing the growth of the global medical waste management equipment market?

Rising rate of treatment procedures.

Which region holds the largest share in the global medical waste management equipment market?

North America holds the largest share in the global medical waste management equipment market followed by Europe and Asia Pacific, respectively.

Who are the top players in the global medical waste management equipment market?

ARVS Equipments Private Limited, AMB Ecosteryl, Steelco S.p.A., Bondtech Corporation, Bertin, Hydroclave, Novartis AG, Chongqing Gient Heating Industry Co., Ltd., Medicinova, Inc., Prometic Life Sciences Inc., and Merck & Co., Inc., are some of the major players operating in the global medical waste management equipment market.

What are the key growth strategies of medical waste management equipment industry players?

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global medical waste management equipment market adopt to gain a larger competitive advantage.

Table of Contents

Chapter 1. Executive Summary

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.2.1 R&D and Designing

5.2.2 Manufacturing

5.2.3 Distribution & Sales

5.2.4 Post-Sales Review

Chapter 6. Global Medical Waste Management Equipment Market, by Waste Type

6.1 Overview

6.2 Hazardous Waste

6.2.1 Infectious and Pathological Waste

Market Estimates & Forecast, by Region, 2020-2027