Industry Trends

Europe Medical Waste Management Market Growth was valued at USD 2.6 billion in 2019 and is expected to witness 6.3% CAGR from 2020 to 2026.

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Surging elderly population base in the European region will significantly foster the industry progression over the coming years. The geriatric population is largely prone to various chronic diseases including Alzheimer, and cancer among others. These type of health disorders generally require surgeries in specialty clinics and hospitals that enhances the usage of medical gloves, masks, and syringes. This further contributes to the accumulation of medical waste. Thus, the increasing number of surgeries among the elderly population base at various multispecialty hospitals fosters the demand for proper disposal of medical waste.

Europe Market Share, By Type of Waste

The market is bifurcated based on type of waste, service and waste generator. The type of waste segment covers hazardous as well as non-hazardous medical waste.  The non-hazardous segment accounted for more than 5.5% CAGR during the analysis timeframe. Non-hazardous medical waste is typically known as general non-regulated medical waste that does not pose any physical, chemical, biological, or radioactive danger. Moreover, nearly 80 to 85% of medical waste generated through healthcare facilities are deemed as general waste, causing no harm to the environment and human health. Therefore, above-mentioned benefits will propel the segmental progression.  

Europe Market Size, By Service

Europe medical waste management service segment covers treatment and disposable services, collection, transportation & storage services, recycling services, and others. The treatment and disposable services segment was valued around USD 700 million in 2019 and is estimated to show a similar trend over the coming years. Treatment and disposable service are further fragmented into incineration, microwaving, autoclaving, and others. Amongst them, microwaving as well as autoclaving are the most widely used treatment methods for steam sterilization of medical waste. Furthermore, introduction to novel technologies for several treatment techniques coupled with the surged volume of medical waste generation due to the COVID-19 outbreak will foster the market growth.

Europe Market Growth, By Waste Generator

The waste generator segment is segmented into hospitals, laboratories and research centers, nursing homes, and others. The hospital segment captured around 5% CAGR and estimated to show lucrative growth during the analysis period. Hospitals are considered as one of the main generators of medical waste. A large number of gloves, masks as well as syringes, are used in the hospitals that leads to greater accumulation of medical waste. Furthermore, on-site treatment of biomedical waste in well-established hospitals and healthcare facilities further accelerates the segmental progression.

Europe Market Value, By Country

Italy biomedical waste management market accounted for over 9.0% revenue share in 2019 and is expected to grow at a substantial rate during the forthcoming years. The current outbreak of COVID-19 in Italy has surged the accumulation of biomedical waste from hospitals and other healthcare facilities. Also, the imposition of new regulatory guidelines due to surged impact of COVID-19 in this country will augment the market growth.

Competitive Market Share

Few of the eminent business players operating in the market are Republic Services, Veolia, Stericycle, Triumvirate Environmental, Suez, Clean Harbors, Daniels and Biomedical Waste Solutions. The industry players are implementing various strategies such as introduction to novel services for safe and accurate disposal of medical waste. For instance, BioMedical Waste Solutions employed Occupational Safety and Health Administration standards to securely place and transport all the biomedical waste. These guidelines have well-protocoled services to deal with different types of hazardous waste.

Industry Background

The technique to handle biomedical waste in Europe is continuously rising with novel regulatory guidelines and rules. New services for medical waste disposal in countries including Germany, France, Italy, and Spain among others are constantly evolving to safely treat biomedical waste. Therefore, various federal bodies in this region follow different laws concerning medical waste disposal. Implementation of various regulations proved beneficial for the market growth.