US Medical Waste Management Market Growth, Key Trends & Factor Driving Industry till 2030

US Medical Waste Management Market Overview and Insights:

US Medical Waste Management Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the US Medical Waste Management Industry and its Yearly Growth Rate?

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.

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Who are the Main Competitors Driving the US Medical Waste Management Market Forward?

The prominent players essentially operating in the US Medical Waste Management Market are as follows:

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

What are the key Drivers Defining the US Medical Waste Management Market Size?

Increasing Establishment of Healthcare Facilities – There has been substantial growth in the establishment of specialized medical facilities in the US driven by factors like population demographics, rising income, better health awareness, and increasing lifestyle diseases. These facilities visited by patients for diagnostic and treatment purposes generate a huge amount of medical waste. Also, the government of the US announced its plans to set up more than 40 large-scale hospitals across the country by 2030. Moreover, the private players are anticipated to build more than 85 hospitals during the same time with that, the demand for medical waste management services has been increasing in the country to properly handle, manage, and dispose of the generated medical waste.

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What is the Segmentation of the US Medical Waste Management Market?

The US Medical Waste Management market covered in this report is segmented –

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
  - Incineration- Market Size Forecast 2019-2030, USD Million
  - Autoclaving- Market Size Forecast 2019-2030, USD Million
  - Chemical Treatment- Market Size Forecast 2019-2030, USD Million
  - Others- Market Size Forecast 2019-2030, USD Million
- Recycling Services- Market Size Forecast 2019-2030, USD Million

Out of them all, the Treatment Disposal Services segment held a significant market share in the US Medical Waste Management Market in 2024.

By Type of Waste
- Non Hazardous Waste- Market Size Forecast 2019-2030, USD Million
- Hazardous Waste- Market Size Forecast 2019-2030, USD Million
  - Infectious Pathological Waste- Market Size Forecast 2019-2030, USD Million
  - Sharps Waste- Market Size Forecast 2019-2030, USD Million
  - Pharmaceutical Waste- Market Size Forecast 2019-2030, USD Million
  - Others- 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
- By Region
  - North-East
  - Mid-West
  - West
  - South

Key Questions Answered in the Research Report

What is the predicted US Medical Waste Management market size and growth rate for the years 2024-30?
What challenges are restricting the growth of the US Medical Waste Management market?
Which segment accounted for the largest market share in the US Medical Waste Management market?
Which prominent companies are leading growth in the US Medical Waste Management market?
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How long does it take for customers to receive the reports provided by Markntel Advisors?
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