US Medical Waste Management Market Research Report: Forecast (2024-2030)

Market Insights & Analysis: The US Medical Waste Management Market (2024-30):

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.

In addition, the growing elderly population at risk of diseases and hospitalization has further supported this growing demand for medical waste management services in the country.  For instance, as per the World Bank, in 2022, there were 57,085,895 people aged 65 and over in the US. The number increased from 53,782,439 in 2020.  Moreover, people in the US are always motivated to donate blood during which hazardous medical waste is produced. Hence, these procedures have further contributed to the augmented demand for different medical waste management services.

Further, there is the Environment Protection Agency (EPA) and potentially other bodies that have mandated healthcare and other facilities to strictly follow the proper protocol for medical waste management. This is because inappropriate handling and management of medical waste such as discarded needles and other sharps pose a health risk to the public and waste workers as well as to the environment. As a result, there has always been a demand for medical waste management services in the US. In addition, research studies have been conducted in the US where human and animal-derived cells and tissues are largely used which post-completion of research are required to be properly disposed of to avoid any kind of contamination. This thereby generates more demand for medical waste management services.

The US Medical Waste Management Market Driver:

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.

The US Medical Waste Management Market Opportunity:

Integration of Artificial Intelligence (AI) in Medical Waste Management Services to Offer Lucrative Opportunities – Medical waste management involves several challenges such as segregation issues, human errors, environmental impacts, etc. AI has the potential to address these challenges and improve the overall process of medical waste management. As a result, the preference for services involving AI for medical waste management is increasing. Further, AI implementation optimizes the waste segregation, collection, transportation, and disposal processes that help to reduce the risks and costs of medical waste management. Due to this, the sophisticated specialty clinics in the US gradually inclining towards AI-based medical waste management services.

Moreover, various research studies by reputed medical research institutes in the country have been thrusting on the gradual integration of AI in medical waste management. Realizing the potential, MedPro Waste Disposal has initiated offering state-of-the-art AI-driven waste management services in the US. Therefore, as the AI integration in medical waste management increases, this would open new opportunities for the growth & expansion of the US Medical Waste Management Industry in the coming years.

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.

The US Medical Waste Management Market (2024-30): Segmentation Analysis

The US Medical Waste Management Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the national level. Based on the analysis, the market has been further classified as:

Based on Service:

• Collection
• Transportation & Storage Services
• Treatment & Disposal Services
  • Incineration
  • Autoclaving
  • Chemical Treatment
  • Others
• Recycling Services

Out of them all, the Treatment & Disposal Services segment held a significant market share in the US Medical Waste Management Market in 2024. The market growth owes to the execution of various surgical procedures due to factors such as the growing occurrence of road traffic accidents, oncological and cardiovascular disorders, etc. The surgical procedures required in these instances result in the generation of a large amount of medical waste. Further, there has been a large number of pet owners in the country who tend to get their pets vaccinated and treated at veterinary clinics, giving rise to medical waste such as needles and syringes, scalpels, glass objects, etc. Thereby, the demand for Treatment & Disposal Services has been witnessing a boost. Furthermore, the prevalence of diseases and surgical procedures requiring blood transfusions has amplified the demand for blood, prompting more individuals to donate. As a result, huge volumes of medical waste have been generated, thereby augmenting the size & volume of the Treatment & Disposal Services segment.  

Based on the Treatment Site:

• Offsite Treatment
• Onsite Treatment

The Onsite Treatment segment held the largest market share in the US Medical Waste Management Market in 2024. This has been ascribed to the fact that onsite treatment services reduce the need for transportation, thereby limiting the risk of accidents and spills. Further, the fact that onsite treatment services are less costly than offsite treatment contributes to the segment’s market growth. Moreover, the treatment of medical waste onsite, along with lessening the need for transportation, also diminishes the use of landfills and is considered environmentally friendly. This therefore motivates facilities to opt for onsite treatment services to meet the regulations set by entities like the EPA, WHO, etc.

Further, various technological advancements have been improving the efficiency, cost-effectiveness, and effectiveness of onsite medical waste management services, which is successfully generating demand for the same. With that, segmental market growth and market size have been witnessing positive trends.

The US Medical Waste Management Industry Recent Development:

2024: WM announced plans to acquire Stericycle for USD 7.2 Billion.

Gain a Competitive Edge with Our US Medical Waste Management Market Report

1. The US Medical Waste Management Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. The US Medical Waste Management Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.