Global Pharmaceutical Waste Management Market Size, Trends, By Type of Waste (Over The Counter Waste, Non-Controlled Prescription Drugs, Controlled Drugs), By Nature Of Waste (Hazardous Pharmaceutical Waste, Non-hazardous Pharmaceutical Waste), By End User (Hospitals, Pharmacies, Pharmaceutical And Biotechnology Companies), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030
Global Pharmaceutical Waste Management Market
The Global Pharmaceutical Waste Management Market was valued at US$ 1,569.59 Mn in 2022 estimated to reach US$ 2,500.69 Mn by 2030, with a CAGR of 5.99% from 2023-2030.
Medical waste is the byproduct of treatments performed in hospitals, clinics, and other healthcare facilities. Clinics, hospitals, and diagnostic centers all generate waste that must be appropriately treated and managed. Medical waste management makes sure that biological waste is properly collected, stored, treated, and disposed of to maintain the safety of the general public, animals, and the environment.
Market Drivers
The growing need for specialized pharmaceutical waste disposal techniques to reduce health and environmental dangers. Additionally, the pharmaceutical sector's strong R&D spending to bring new treatments to market will have a beneficial impact on industry growth in the years to come. A strategic partnership to recycle plastic medical waste was signed in August 2022 by Brightmark, a provider of global waste management solutions, and Jamar Health Products, a producer of medical equipment.
Pharmaceutical waste management market value is anticipated to increase as a result of various initiatives and expenditures in the expansion of the pharmaceutical industry.
Market Restraints
The medical waste management market's expansion is anticipated to be constrained by the high cost of services and transportation offered by emerging main competitors during the forecasted period. A lack of knowledge regarding the effects of incorrect medicine disposal could limit industry growth.
Market Segmentation
The scope of the Global Pharmaceutical Waste Management Market covers segmentation based on the Type of Waste, Nature of Waste, End User, and Region.
Based on Type of Waste, the market is classified into Over The Counter Waste, Non-Controlled Prescription Drugs, and Controlled Drugs.
Based on Nature of Waste, the market is segmented into Hazardous Pharmaceutical Waste, Non-hazardous Pharmaceutical Waste.
Based on End User, the market is bifurcated into Hospitals, Pharmacies, Pharmaceutical and Biotechnology Companies.
Regional Analysis
The Global Pharmaceutical Waste Management Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Due to its highly developed healthcare system and expanding hospital population, North America dominates the pharmaceutical waste management industry. There are approximately 6,210 hospitals in the United States as of 2019, according to the American Hospital Association. In addition, the incidence of infectious and chronic diseases is increasing, necessitating medicine and treatment, which is anticipated to generate a significant amount of byproducts.
Key Players
BioMedical Waste Solution, Clean Harbors, Inc., Covanta Holding Corporation, Sharps Compliance, Inc., Stericycle, Suez SA, US Ecology, Inc., and Waste Management, Inc.
Market Taxonomy
By Type of Waste
• The Counter Waste
• Non-Controlled Prescription Drugs
• Controlled Drugs
By Nature of Waste
• Hazardous Pharmaceutical Waste
• Non-hazardous Pharmaceutical Waste
By End User
• Hospitals
• Pharmacies
• Pharmaceutical and Biotechnology Companies
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Bonsai Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Pharmaceutical Waste Management Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Pharmaceutical Waste Management Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Pharmaceutical Waste Management Market, By Type of Waste
5.1 Y-o-Y Growth Comparison, By Nature Of Waste and Services
5.2 Global Pharmaceutical Waste Management Market Share Analysis, By Type of Waste
5.3 Global Pharmaceutical Waste Management Market Size and Forecast, By Type of Waste
5.3.1 Over The Counter Waste
5.3.2 Non-Controlled Prescription Drugs
5.3.3 Controlled Drugs
6 Global Pharmaceutical Waste Management Market, By Nature Of Waste
6.1 Y-o-Y Growth Comparison, By Nature Of Waste
6.2 Global Pharmaceutical Waste Management Market Share Analysis, By Nature Of Waste
6.3 Global Pharmaceutical Waste Management Market Size and Forecast, By Nature Of Waste
6.3.1 Hazardous Pharmaceutical Waste
6.3.2 Non-hazardous Pharmaceutical Waste
7 Global Pharmaceutical Waste Management Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Pharmaceutical Waste Management Market Share Analysis, By End User
7.3 Global Pharmaceutical Waste Management Market Size and Forecast, By End User
7.3.1 Hospitals
7.2.2 Pharmacies
7.2.3 Pharmaceutical and Biotechnology Companies
8 Global Pharmaceutical Waste Management Market, By Region
8.1 Global Pharmaceutical Waste Management Market Share Analysis, By Region
8.2 Global Pharmaceutical Waste Management Market Size and Forecast, By Region
8.3 Global Pharmaceutical Waste Management Market Trends and Forecast, By Region
9 North America Pharmaceutical Waste Management Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Pharmaceutical Waste Management Market Share Analysis, By Type of Waste
9.3 North America Pharmaceutical Waste Management Market Size and Forecast, By Nature Of Waste
9.4 North America Pharmaceutical Waste Management Market Size and Forecast, By End User
9.5 North America Pharmaceutical Waste Management Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Type of Waste
9.5.1.2 Market Size and Forecast, By Nature Of Waste
9.5.1.3 Market Size and Forecast, By End User
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Type of Waste
9.5.2.2 Market Size and Forecast, By Nature Of Waste
9.5.2.3 Market Size and Forecast, By End User
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Type of Waste
9.5.3.2 Market Size and Forecast, By Nature Of Waste
9.5.3.3 Market Size and Forecast, By End User
10 Europe Pharmaceutical Waste Management Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Pharmaceutical Waste Management Market Share Analysis, By Type of Waste
10.3 Europe Pharmaceutical Waste Management Market Size and Forecast, By Nature Of Waste
10.4 Europe Pharmaceutical Waste Management Market Size and Forecast, By End User
10.5 Europe Pharmaceutical Waste Management Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Type of Waste
10.5.1.2 Market Size and Forecast, By Nature Of Waste
10.5.1.3 Market Size and Forecast, By End User
10.5.2 France
10.5.2.1 Market Size and Forecast, By Type of Waste
10.5.2.2 Market Size and Forecast, By Nature Of Waste
10.5.2.3 Market Size and Forecast, By End User
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Type of Waste
10.5.3.2 Market Size and Forecast, By Nature Of Waste
10.5.3.3 Market Size and Forecast, By End User
10.5.4. Russia
10.5.4.1 Market Size and Forecast, By Type of Waste
10.5.4.2 Market Size and Forecast, By Nature Of Waste
10.5.4.3 Market Size and Forecast, By End User
10.5.5. Italy
10.5.5.1 Market Size and Forecast, By Type of Waste
10.5.5.2 Market Size and Forecast, By Nature Of Waste
10.5.5.3 Market Size and Forecast, By End User
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Type of Waste
10.5.6.2 Market Size and Forecast, By Nature Of Waste
10.5.6.3 Market Size and Forecast, By End User
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Type of Waste
10.5.7.2 Market Size and Forecast, By Nature Of Waste
10.5.7.3 Market Size and Forecast, By End User
11 Asia Pacific Pharmaceutical Waste Management Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Pharmaceutical Waste Management Market Share Analysis, By Type of Waste
11.3 Asia Pacific Pharmaceutical Waste Management Market Size and Forecast, By Nature Of Waste
11.4 Asia Pacific Pharmaceutical Waste Management Market Size and Forecast, By End User
11.5 Asia Pacific Pharmaceutical Waste Management Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Type of Waste
11.5.1.2 Market Size and Forecast, By Nature Of Waste
11.5.1.3 Market Size and Forecast, By End User
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Type of Waste
11.5.2.2 Market Size and Forecast, By Nature Of Waste
11.5.2.3 Market Size and Forecast, By End User
11.5.3 India
11.5.3.1 Market Size and Forecast, By Type of Waste
11.5.3.2 Market Size and Forecast, By Nature Of Waste
11.5.3.3 Market Size and Forecast, By End User
11.5.4. South Korea
11.5.4.1 Market Size and Forecast, By Type of Waste
11.5.4.2 Market Size and Forecast, By Nature Of Waste
11.5.4.3 Market Size and Forecast, By End User
11.5.5. Australia
11.5.5.1 Market Size and Forecast, By Nature Of Waste and Services
11.5.5.2 Market Size and Forecast, By Nature Of Waste
11.5.5.3 Market Size and Forecast, By End User
11.5.6. New Zealand
11.5.6.1 Market Size and Forecast, By Type of Waste
11.5.6.2 Market Size and Forecast, By Nature Of Waste
11.5.6.3 Market Size and Forecast, By End User
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Type of Waste
11.5.7.2 Market Size and Forecast, By Nature Of Waste
11.5.7.3 Market Size and Forecast, By End User
11.5.8. Malaysia
11.5.8.1 Market Size and Forecast, By Nature Of Waste and Services
11.5.8.2 Market Size and Forecast, By Nature Of Waste
11.5.8.3 Market Size and Forecast, By End User
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Type of Waste
11.5.9.2 Market Size and Forecast, By Nature Of Waste
11.5.9.3 Market Size and Forecast, By End User
12 Latin America Pharmaceutical Waste Management Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Pharmaceutical Waste Management Market Share Analysis, By Type of Waste
12.3 Latin America Pharmaceutical Waste Management Market Size and Forecast, By Nature Of Waste
12.4 Latin America Pharmaceutical Waste Management Market Size and Forecast, By End User
12.5 Latin America Pharmaceutical Waste Management Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Type of Waste
12.5.1.2 Market Size and Forecast, By Nature Of Waste
12.5.1.3 Market Size and Forecast, By End User
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Type of Waste
12.5.2.2 Market Size and Forecast, By Nature Of Waste
12.5.2.3 Market Size and Forecast, By End User
12.5.3. Colombia
12.5.3.1 Market Size and Forecast, By Type of Waste
12.5.3.2 Market Size and Forecast, By Nature Of Waste
12.5.3.3 Market Size and Forecast, By End User
12.5.4. Peru
12.5.4.1 Market Size and Forecast, By Type of Waste
12.5.4.2 Market Size and Forecast, By Nature Of Waste
12.5.4.3 Market Size and Forecast, By End User
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Type of Waste
12.5.5.2 Market Size and Forecast, By Nature Of Waste
12.5.5.3 Market Size and Forecast, By End User
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Type of Waste
12.5.6.2 Market Size and Forecast, By Nature Of Waste
12.5.6.3 Market Size and Forecast, By End User
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Type of Waste
12.5.7.2 Market Size and Forecast, By Nature Of Waste
12.5.7.3 Market Size and Forecast, By End User
13 Middle East Pharmaceutical Waste Management Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Pharmaceutical Waste Management Market Share Analysis, By Type of Waste
13.3 Middle East Pharmaceutical Waste Management Market Size and Forecast, By Nature Of Waste
13.4 Middle East Pharmaceutical Waste Management Market Size and Forecast, By End User
13.5 Middle East Pharmaceutical Waste Management Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Type of Waste
13.5.1.2 Market Size and Forecast, By Nature Of Waste
13.5.1.3 Market Size and Forecast, By End User
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Type of Waste
13.5.2.2 Market Size and Forecast, By Nature Of Waste
13.5.2.3 Market Size and Forecast, By End User
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Type of Waste
13.5.3.2 Market Size and Forecast, By Nature Of Waste
13.5.3.3 Market Size and Forecast, By End User
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Type of Waste
13.5.4.2 Market Size and Forecast, By Nature Of Waste
13.5.4.3 Market Size and Forecast, By End User
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Type of Waste
13.5.5.2 Market Size and Forecast, By Nature Of Waste
13.5.5.3 Market Size and Forecast, By End User
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Type of Waste
13.5.6.2 Market Size and Forecast, By Nature Of Waste
13.5.6.3 Market Size and Forecast, By End User
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BioMedical Waste Solution
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Clean Harbors, Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Covanta Holding Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Sharps Compliance, Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Stericycle
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Suez SA
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15. US Ecology, Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Waste Management, Inc.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
