Medical Waste Disposal Services in the US - Industry Market Research Report
Description
Medical Waste Disposal Services in the US
According to the US Environmental Protection Agency and industry estimates, the United States generates an estimated 6.0 million tons of medical waste annually. Due to public safety concerns, such waste cannot be directly disposed of in landfills along with municipal solid waste. Strict laws and regulations govern the disposal of regulated medical waste (RMW), further necessitating a specialized industry to fulfill demand. This waste includes disposable items that may be contaminated by blood, body fluids or other potentially infectious materials. As a result of regulations, most small-quantity RMW-generating facilities outsource disposal activities to the Medical Waste Disposal Services industry. Amid rising healthcare demand, industry revenue has been increasing at a CAGR of 3.4% over the past five years, and is expected to reach $1.8 billion in 2023. In the same year, industry revenue is expected to grow 0.7%. The COVID-19 pandemic supported downstream demand as hospitals operated at capacity and PPE waste grew. Growth is expected to have continued following the height of the pandemic as patients got elective procedures they had put off, with growth expected to taper off in 2023.
This industry collects, treats and disposes medical waste according to local, state and federal guidelines. Medical waste is generated from healthcare facilities, including hospitals, clinics, veterinary clinics, dentist offices, research labs and private practices. The industry is highly regulated.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
According to the US Environmental Protection Agency and industry estimates, the United States generates an estimated 6.0 million tons of medical waste annually. Due to public safety concerns, such waste cannot be directly disposed of in landfills along with municipal solid waste. Strict laws and regulations govern the disposal of regulated medical waste (RMW), further necessitating a specialized industry to fulfill demand. This waste includes disposable items that may be contaminated by blood, body fluids or other potentially infectious materials. As a result of regulations, most small-quantity RMW-generating facilities outsource disposal activities to the Medical Waste Disposal Services industry. Amid rising healthcare demand, industry revenue has been increasing at a CAGR of 3.4% over the past five years, and is expected to reach $1.8 billion in 2023. In the same year, industry revenue is expected to grow 0.7%. The COVID-19 pandemic supported downstream demand as hospitals operated at capacity and PPE waste grew. Growth is expected to have continued following the height of the pandemic as patients got elective procedures they had put off, with growth expected to taper off in 2023.
This industry collects, treats and disposes medical waste according to local, state and federal guidelines. Medical waste is generated from healthcare facilities, including hospitals, clinics, veterinary clinics, dentist offices, research labs and private practices. The industry is highly regulated.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
44 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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