$1.9bn
$XXX.Xm
6,952
179
$XXX.Xm
Healthcare facilities create thousands of tons of medical waste daily in the US. Managing the correct storage, disposal and treatment of medical waste is vital for public health, making the Medical Waste Disposal Services industry critical for the safety of employees, patients and healthcare facilities across settings. Increasing healthcare utilization in recent years has translated into higher volumes of medical waste, strengthening the need for medical waste disposal solutions. A broader trend toward outsourcing in the health sector has also supported the industry's growth. Healthcare facilities' growing dependence on medical waste disposal services has mitigated volatility characterizing the broader health sector since the beginning of the COVID-19 pandemic, leading revenue to rise at a CAGR of 3.5% to an estimated $1.9 billion over the past five years, including expected growth of 1.2% in 2024.
Industry revenue has grown at a CAGR of 3.5 % over the past five years, to reach an estimated $1.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Stericycle, Inc. | 932.4 | 296.2 | 31.8 | |
Sharps Compliance, Inc. Of Texas | 50.8 | 9.2 | 18.2 |
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Medical Waste Disposal Services in the US
Industry revenue is measured across several distinct product and services lines, including Medical waste treatment, Pharmaceutical disposal and Collection. Medical waste treatment is the largest segment of the Medical Waste Disposal Services in the US.
Medical and pharmaceutical waste disposal account for a large share of the industry
Medical waste disposal companies specialize in the collection, transportation, treatment and disposal of medical waste generated by healthcare facilities, laboratories and other medical or veterinary care institutions. These companies handle various types of medical waste, including infectious materials, sharps (needles, scalpels), pathological waste (tissues, organs), pharmaceutical waste and other hazardous substances.
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NAICS 56211 - Medical Waste Disposal Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Medical waste disposal is a fast-growing industry. The sudden uptick in demand for medical waste disposal during the pandemic has proven to be long-lasting as more healthcare...
Learn about an industry's products and services, markets and trends in international trade.
The scale and scope of hospital care create a massive need for medical waste disposal. Hospitals provide diverse medical care across specializations, making them the industry...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The distribution of medical waste disposal providers closely aligns with population trends. Urban areas and regions with larger populations have more developed healthcare inf...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Medical waste disposal companies offering competitive pricing are the most sought-after. Providers delivering cost-effective solutions without comprising efficiency or safety...
Learn about the performance of the top companies in the industry.
Stericycle’s brand is synonymous with medical waste management. The company’s extensive network and advanced technologies offer streamlined waste management to clients rangin...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulatory bodies enforce strict rules for the safe handling, treatment and disposal of medical waste. Navigating these complex regulations is an essential component of medic...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Medical waste management is labor-intensive even as new technologies make the process safer and more efficient. Maintaining a skilled, compliant and safe workforce has histor...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Medical Waste Disposal Services in the US industry in United States is $1.9bn in 2024.
There are 179 businesses in the Medical Waste Disposal Services in the US industry in United States, which has grown at a CAGR of 4.9 % between 2019 and 2024.
The market size of the Medical Waste Disposal Services in the US industry in United States has been growing at a CAGR of 3.5 % between 2019 and 2024.
Over the next five years, the Medical Waste Disposal Services in the US industry in United States is expected to grow.
The biggest companies operating in the Medical Waste Disposal Services market in United States are Stericycle, Inc. and Sharps Compliance, Inc. Of Texas
Medical waste collection and Medical waste treatment and disposal services are part of the Medical Waste Disposal Services in the US industry.
The company holding the most market share in United States is Stericycle, Inc..
The level of competition is high and increasing in the Medical Waste Disposal Services in the US industry in United States.