US Medical Waste Management Market Overview:
According to MarkNtel Advisors study the US Medical Waste Management Market size is estimated to grow at a CAGR of around 4.55% during the forecast period, i.e., 2024-30. The US medical waste management market size is estimated to be around USD 2.11 billion in 2024. The country has one of the most robust healthcare infrastructures across the globe. In 2024, the country has more than 6,000 hospitals and 10,000 specialty clinics. These various healthcare facilities present in the country have been generating huge volumes of medical waste due to increased patient admissions requiring diagnosis and treatment for various diseases. Also, there has been a rise in the number of road accidents, cancer patients, cardiovascular diseases, etc., in the country which has accelerated the need for surgeries. Consequently, these factors are leading to the growth of the US medical waste management services market. As per the American Medical Association, each patient in the US hospitals generated about 34 pounds of waste, which led to about 6 million tons of medical waste in 2022.
Key Findings of the Study: US Medical Waste Management market
The US Medical Waste Management Market Challenge:
Regulatory Challenges Restricting Market Growth – The stringent regulations established by the major authorities in the US to treat each category of medical waste have been hindering the growth of the US Medical Waste Management Market. Further, after a certain period, the regulations are updated by the authorities to address environmental and other challenges. This however creates problems for medical waste management services providing companies who find it difficult to adjust their services as per the newly established guidelines. Further, incorporating new modifications and training personnel as per updated guidelines remains costly for companies particularly the smaller ones with limited capital. As a consequence, companies might not offer certain services and face limited revenue growth. Consequently, the market for the US Medical Waste Management has been adversely affected.
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Scope of the US Medical Waste Management Market Report Segmentation
-By Service
- Collection- Market Size & Forecast 2019-2030, USD Million
- Transportation & Storage Services- Market Size & Forecast 2019-2030, USD Million
- Treatment & Disposal Services- Market Size & Forecast 2019-2030, USD Million
- Recycling Services- Market Size & Forecast 2019-2030, USD Million
-By Type of Waste
- Non Hazardous Waste- Market Size & Forecast 2019-2030, USD Million
- Hazardous Waste- Market Size & Forecast 2019-2030, USD Million
-By Treatment Site
- Offsite Treatment- Market Size & Forecast 2019-2030, USD Million
- Onsite Treatment- Market Size & Forecast 2019-2030, USD Million
-By Waste Generator
- Hospitals- Market Size & Forecast 2019-2030, USD Million
- Diagnostics Laboratories- Market Size & Forecast 2019-2030, USD Million
- Blood Banks- Market Size & Forecast 2019-2030, USD Million
- Dental Clinics- Market Size & Forecast 2019-2030, USD Million
- Others (Nursing Homes, Veterinary Facilities, etc.)- Market Size & Forecast 2019-2030, USD Million
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Geographical analysis:
-By Region
- North-East
- Mid-West
- West
- South
The US Medical Waste Management Industry Recent Development:
- 2024: WM announced plans to acquire Stericycle for USD 7.2 Billion.
Current Landscape of US Medical Waste Management Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the US Medical Waste Management market. The research report profiles major players, including
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- Stericycle
- Biomedical Waste Solutions (BWS)
- MedPro Waste Disposal
- Sharps Medical Waste Services
- Triumvirate Environmental
- Eco Medical Waste Solutions
- Ingenium Group, LLC
- Daniels Health
- Allied USA
- BioServ, Inc.
- Others
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