Wasting away: Population growth and demand from the health sector have boosted revenue

Operators in the Medical Waste Services industry collect, treat and dispose of a range of medical waste produced by medical service organisations in the health sector. Demand for industry services has steadily increased over the past five years, as downstream demand from hospitals and other medical service providers has grown. This trend has principally been due to general population growth, continued demand for medical services, and increased hospital and medical funding from governments. Reduced demand from pharmaceutical companies and governments has had a minor effect on the industry. Industry revenue is expected to increase at an annualised 3.4% over the five years through 2019-20, to reach $507.5 million...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • Steady population growth and rising demand from the health sector have supported the industry
  • Increases in hospital and medical centre waste volumes have driven revenue growth
  • Profit margins are projected to decline due to pricing pressures and rising landfill levies
  • Industry Report - Industry Products Chapter

    Medical Waste Services industry firms provide services to collect, treat and dispose of a range of medical waste products. The industry also provides other medical waste-related services. These services include medical waste audits and medical documentation destruction services. Medical waste collection servicesFirms providing medical waste collection services place receptacles and bins in hospitals and other medical service provider locations, for the disposal of medical and clinical waste. These bins are generally colour-coded to indicate the type of medical waste that can be placed in them. For...purchase to read more.

    Additional Insights for the Medical Waste Services Industry

    IBISWorld has determined the most important Key Success Factors for the Medical Waste Services are:

  • Ability to accommodate environmental requirements
  • Ability to clearly specify requirements to suppliers/contractors
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Demand from hospitals and Demand from medical and other health care services in the Medical Waste Services industry impact industry performance..

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    What's in this report

    What is the Medical Waste Services Industry?

    Companies in the industry collect, treat and dispose of medical waste. Medical waste is generated from healthcare facilities, including hospitals, clinics, veterinary clinics, dentist offices, research labs and private practices.

    Industry Products
  • Medical waste collection services
  • Medical waste treatment services
  • Medical waste disposal services
  • Waste audits and other services
  • Industry Activities
  • Providing empty receptacles, containers and bins for the collection of medical waste and sharps
  • Collecting medical, clinical, cytotoxic, anatomical, pharmaceutical and sharps waste
  • Treating medical waste through incineration, shredding, sterilisation and other methods
  • Disposing of treated medical waste through landfill and other methods
  • Providing other medical waste services, such as waste audits and medical records destruction
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from hospitals
  • Demand from medical and other health care services
  • Road freight service price
  • Capital expenditure by state and local government
  • Demand from residential care services
  • Government funding for public hospitals

  • Current Performance
  • Medical waste processes
  • Industry performance
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand growth
  • Industry profit and participation
  • Other industry trends
  • Table: Medical Waste Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Waste Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • General Hospitals
  • Nursing Homes
  • General Practice Medical Services
  • Dental Services
  • Pathology Services
  • Other Health Services
  • Pharmaceuticals Wholesaling

  • Key Selling Industries
  • Commercial Vehicle Wholesaling
  • Fibreglass Product Manufacturing
  • Mining and Industrial Machinery Wholesaling

  • Products & Services
  • Medical waste collection services
  • Medical waste treatment services
  • Medical waste disposal services
  • Waste audits and other services
  • Chart: Medical Waste Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Public hospitals
  • Other medical service providers
  • Private hospitals
  • Medical centres
  • Pathology service providers
  • Dental service providers
  • Government and other non-medical sectors
  • Pharmaceutical companies
  • Chart: Major Market Segmentation for the Medical Waste Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Medical Waste Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Waste Services Industry

  • Industry Globalization
    Cleanaway Waste Management Limited, Suez Recycling & Recovery Holdings Pty Limited,
  • Table: Cleanaway Waste Management Limited - financial performance
  • Table: Suez Recycling & Recovery Holdings Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Waste Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical Waste Services Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A chamber used to sterilise medical and other waste through high pressure and steam.
  • Cytotoxic Waste
  • Medical waste that has been contaminated with cytotoxic materials from the administration of drugs, including needles, syringes, IV drips, vials, caps, gowns and gloves.
  • Matrix Treatment
  • A process that shreds, disinfects and compacts medical and other waste prior to landfill disposal.
  • Medical Waste
  • Waste that includes any instrument or tool used in medical processes, such as sharps; human tissue, bones organs and body parts; body fluids; blood; laboratory samples; and discarded medical products.
  • Sharps
  • Needles, syringes, surgical instruments and other devices with sharp edges that have been discarded.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Medical Waste Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Waste Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Waste Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Waste Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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