United States Medical Waste Management Market Segmentation by Waste Type (Infectious & Pathological, Sharp, Chemical & Cytotoxic, Pharmaceutical, and Radioactive Waste, and Others); by Service Type (Collection, Transportation & Storage, Disposal, and Recycling); by Treatment Method (Chemical Treatment, Incineration, Autoclaving, Irradiation, Gasification, Vitrification, and Others); by Treatment Site (Offsite, and Onsite); and by Waste Generator (Hospitals, Laboratories, Pharmacies, Home Healthcare Settings, Emergency Medical Service Centers, Nursing Homes, Clinics, Ambulatory Surgical Centers, Blood Banks & Collection Services, and Others)-Demand Analysis & Opportunity Outlook 2020-2030

United States Medical Waste Management Market Highlights Over 2020 - 2030

The United States medical waste management market is estimated to garner a revenue of USD 12443.9 Million by the end of 2030, by growing at a CAGR of 4.45% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market in the nation generated a revenue of USD 8093.6 Million. The growth of the market can be attributed to the growing number of hospital counts and beds in the nation, which is contributing to a significant volume of medical wastes. According to the statistics by the United States Bureau of Labor Statistics (BLS), the number of hospital establishments during the third quarter of 2019 in the United States was 13944. The surge in the volume of medical wastes generated from these institutions is expected to drive the need for proper waste management practices so as to lower the probability of any advert events that may arise due to mishandling of harmful medical wastes. On the other hand, increasing patient pool in the nation and the availability of better healthcare facilities are also expected to add to the market growth. Besides this, the growing concern for the rise in prevalence of infectious diseases is also expected to create numerous opportunities for market growth in the coming years. Additionally, the stringent government regulations on the proper disposal of medical wastes is also expected to boost the growth of the market during the forecast period.

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United States Medical Waste Management Market Regional Synopsis

Regionally, the United States medical waste management market is segmented into four major regions, West U.S., South U.S., Midwest U.S., and Northeast U.S. The market in South U.S. region is anticipated to garner the largest revenue of USD 5246.9 Million by the end of 2030, up from a revenue of USD 3411.8 Million in the year 2020. The growth of the market in the region can be attributed to the presence of a large number of hospitals in the country states and therefore the surge in generation of a large volume of medical wastes. For instance, in the other statistics by the BLS, the number of hospital establishments in the year 2019 in Alabama, Tennessee, Virginia, North Carolina, Florida, and Georgia was 237, 272, 309, 515, 988, and 492 respectively.

Growth Drivers and Challenges Impacting the Growth of the United States Medical Waste Management Market

Growth Drivers

• Growing Total Hospital Counts and Beds

• Surge in Patient Pool

• Increasing Prevalence of Infectious Diseases

• Rising Stringent Government Regulations to Dispose Medical Wastes

Challenges

• Lack of Training of Medical Waste Management Personnel

United States Medical Waste Management Market Segmentation Synopsis

The United States medical waste management market is segmented by waste type into infectious & pathological waste, sharp waste, chemical & cytotoxic waste, pharmaceutical waste, radioactive waste, and others. The infectious & pathological waste segment is projected to garner the largest revenue of USD 1776.9 Million by the end of 2030, up from a revenue of USD 1168.0 Million in the year 2020. By service type, the market is segmented into collection, transportation & storage, disposal, and recycling. The collection, transportation & storage segment is anticipated to garner the largest revenue of USD 5321.3 Million by the end of 2030, up from a revenue of USD 3450.3 Million in the year 2020. By treatment method, the market is segmented into chemical treatment, incineration, autoclaving, irradiation, gasification, vitrification, and others. The incineration segment is anticipated to garner the largest revenue of USD 4437.8 Million by the end of 2030, up from a revenue of USD 2939.3 Million in the year 2020. By treatment site, the market is segmented into offsite, and onsite. The offsite segment is anticipated to garner the highest market share by the end of 2030 and also grow with the highest CAGR of 4.46% during the forecast period. By waste generator, the market is segmented into hospitals, laboratories, pharmacies, home healthcare settings, emergency medical service centers, nursing homes, clinics, ambulatory surgical centers, blood banks & collection services, and others. The hospitals segment is projected to garner the largest revenue of USD 4452.9 Million by the end of 2030, up from a revenue of USD 2909.1 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the United States medical waste management market that are included in our report are Clean Harbors, Inc., Stericycle, Inc., WM Intellectual Property Holdings, L.L.C., Citiwaste, LLC (Sharps Compliance, Inc.), Sanpro Waste Disposal, LLC, Sharps Compliance, Inc., MEDPRO Disposal, LLC, BioServ, Inc., Pureway, BioMedical Waste Solutions, LLC, Suez Group, Veolia Group, BWS Incorporated, Daniels Sharpsmart Inc., and others.

Latest Developments in the United States Medical Waste Management Market:

• October 8, 2021: Clean Harbors, Inc. announced that it has completed the acquisition of the leading provider of industrial cleaning, specialty maintenance and utilities service of the United States, HydroChemPSC. The purchase was made from an affiliate of Littlejohn & Co., LLC for an all-cash transaction of USD 1.25 Billion.

• April 6, 2022: Stericycle, Inc. announced the launch of its high-quality, standardized containers named SafeShield antimicrobial medical waste containers. These containers are designed specifically for the storage and transport of regulated medical waste (RMW).

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