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Medical Waste Services in Australia Industry Data and Analysis
Demand for medical waste services has increased in recent years, supported by growth in demand from hospitals, medical service providers, blood banks, residential aged care facilities and research laboratories. Higher demand has been underpinned by Australia's ageing population, the growing prevalence of chronic disease and rising cancer rates, all of which are contributing to greater volumes of both hazardous and non-hazardous medical waste. A greater reliance on single-use surgical devices and medical equipment is also adding to greater volumes of medical waste. Increasingly stringent regulations governing the safe disposal of sharps and chemotherapeutic, radioactive and genotoxic waste are working in favour of the industry as healthcare providers turn to industry providers to ensure compliance. A greater focus on infectious waste management solutions in the wake of the COVID-19 pandemic has also benefited the industry.
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What's included in this industry analysis
IBISWorld's research coverage on the Medical Waste Services industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released January 2025.
About this industry
What's this industry report about?
The Medical Waste Services industry in Australia operates under the ANZSIC industry code OD5194. 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. Related terms covered in the Medical Waste Services industry in Australia include medical waste, cytotoxic waste, sharps, autoclave, matrix treatment and personal protective equipment (ppe).
What's included in this industry?
Products and services covered in Medical Waste Services industry in Australia include Medical waste collection services, Medical waste treatment services and Medical waste disposal services.
What companies are included in this industry?
Companies covered in the Medical Waste Services industry in Australia include Cleanaway, REMONDIS Australia and Veolia Environmental Services.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Medical Waste Services industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Medical Waste Services industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Medical Waste Services industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Medical Waste Services industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Medical Waste Services industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Medical Waste Services industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Medical Waste Services industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Medical Waste Services industry in Australia.
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Frequently Asked Questions
What is the market size of the Medical Waste Services industry in Australia in 2026?
The market size of the Medical Waste Services industry in Australia is $744.5m in 2026.
How many businesses are there in the Medical Waste Services industry in Australia in 2025?
There are 141 businesses in the Medical Waste Services industry in Australia, which has grown at a CAGR of 0.7 % between 2020 and 2025.
How may import tariffs affect the Medical Waste Services industry in Australia?
The Medical Waste Services industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Medical Waste Services industry in Australia?
The Medical Waste Services industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Medical Waste Services industry in Australia grown or declined over the past 5 years?
The market size of the Medical Waste Services industry in Australia has been growing at a CAGR of 1.7 % between 2020 and 2025.
What is the forecast growth of the Medical Waste Services industry in Australia over the next 5 years?
Over the next five years, the Medical Waste Services industry in Australia is expected to grow.
What are the biggest companies in the Medical Waste Services industry in Australia?
The biggest companies operating in the Medical Waste Services industry in Australia are Cleanaway, REMONDIS Australia and Veolia Environmental Services
What does the Medical Waste Services industry in Australia include?
Medical waste collection services and Medical waste treatment services are part of the Medical Waste Services industry in Australia.
Which companies have the highest market share in the Medical Waste Services industry in Australia?
The company holding the most market share in the Medical Waste Services industry in Australia is Cleanaway.
How competitive is the Medical Waste Services industry in Australia?
The level of competition is moderate and increasing in the Medical Waste Services industry in Australia.
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