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    North America Medical Waste Management Market Size By Waste Generator (Hospitals, Laboratories and Research Centres, Nursing Homes), By Type of Waste (Hazardous, Non-hazardous), By Service (Collection, Transportation & Storage Services, Treatment and Disposable Services, {Incineration, Autoclaving, Microwaving}, Recycling Services), Industry Analysis Report, Regional Outlook (U.S., Canada), Application Potential, Competitive Market Share & Forecast, 2020 - 2026
    Published Date: April 2020   |   Report ID: GR1346   |   Delivery: PDF  Request Free Sample

    Industry Trends

    North America Medical Waste Management Market Share was valued at USD 3,881.6 million in 2019 and is expected to witness 6.0% CAGR from 2019 to 2026.

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    Increasing accumulation of medical waste including hazardous and non-hazardous from hospitals as well as laboratories and research centers in the North America region will accelerate business growth. Effective management of healthcare and biomedical waste requires appropriate collection, identification, transportation, disposal, and treatment along with personal protection and disinfection. The accurate disposal of medical waste further restricts the chances of infection among healthcare workers and professionals. Hence, several effective measures are being carried out in this region for the safe disposal of medical waste. Moreover, guidelines related to environmental safety are also imposed to minimize hazards as well as human health. Thus, the imposition of numerous guidelines in this region will foster the overall North America medical waste management market growth.

    North America Market Share, By Type of Waste

    The type of waste segment is bifurcated into hazardous and non-hazardous waste. The non-hazardous segment held around USD 2.8 billion revenue size in 2019 and anticipated to show lucrative growth over the coming years. Non-hazardous medical waste is also called as general waste that cannot be disposed of into the sewage line. The WHO has categorized animal tissues as well as non-contaminated equipment as non-hazardous waste. Furthermore, various service providers in the North America region are delivering effective non-hazardous waste services for safer disposal of medical waste. Therefore, the aforementioned aspects prove beneficial for the industry growth.

    North America Market Size, By Service

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    The service segment is fragmented into collection, transportation & storage services, treatment and disposable services, recycling services as well as others. The treatment and disposable services segment is forecasted to progress over 6% CAGR throughout the estimated timeline. The treatment and disposable services are further segmented based upon microwaving, autoclaving as well as incineration among others. Amongst them, incineration is one of the widely used treatment methods, as it is the oldest technique to detect pathological waste. Moreover, introduction of innovative technologies for numerous treatment methods coupled with increased volume of medical waste due to COVID-19 outbreak will further boost the segmental growth.

    North America Market Value, By Waste Generator

    The hospital segment was valued more than USD 1 billion in 2019. Hospitals are considered as the major generators of medical waste. The maximum number of syringes, as well as needles, are used in the hospital settings, that further leads to higher accumulation of biomedical waste. Moreover, healthcare workers are at greater risk to get infected due to continuous exposure to hazardous medical waste. Therefore, the demand for safe and effective disposal of medical waste in hospital settings will augment the market growth.

    North America Market Forecast, By Country

    The U.S. medical waste management market accounted for around 6% CAGR and expected to dominate the market value in the analysis period. The presence of foremost industry players coupled with a secured healthcare infrastructure will boost the overall regional market growth. Additionally, the imposition of novel regulatory guidelines due to increasing impact of COVID-19 in this country will foster North America medical waste management business growth.

    Competitive Market Share

    Some of the notable industry players involved in the market are Daniels, Suez, Triumvirate Environmental, Clean Harbors, Biomedical Waste Solutions, Stericycle, Veolia, Sharpsmart, Republic Services, US Ecology, and Waste management. These players are adopting numerous strategies including the introduction to new services for effective medical waste disposal. For instance, BioMedical Waste Solutions implemented OSHA standards to safely dispose of all the medical waste. The Occupational Safety and Health Administration has well-protocoled services to deal with medical waste hazards.

    Industry Background

    The method to handle medical waste in the U.S was progressed since the 1980s. During this period, a large number of incidents related to healthcare waste gained media attention. Due to this event, the Federal Medical Waste Tracking Act imposed several regulations for safer and accurate disposal of medical waste. Also, this act strictly imposed numerous rules and regulations on the storage as well as transportation of waste from hospital settings and other facilities. Moreover, in the 2000s, new solutions and regulations on medical waste were imposed for safer disposal of medical waste. Furthermore, imposition of new regulatory guidelines will further augment the medical waste management market growth.


    Frequently Asked Question(FAQ) :

    What are growth predictions for North America Medical Waste Management Market?
    According to Graphical Research, North America Medical Waste Management Market Share was valued at USD 3,881.6 million in 2019 and is expected to witness 6.0% CAGR from 2019 to 2026.
    On what basis is the Segmentation of North America Medical Waste Management Market done?
    North America Medical Waste Management Market Size By Waste Generator (Hospitals, Laboratories and Research Centres, Nursing Homes), By Type of Waste (Hazardous, Non-hazardous), By Service (Collection, Transportation & Storage Services, Treatment and Disposable Services, {Incineration, Autoclaving, Microwaving}, Recycling Services), Industry Analysis Report, Regional Outlook (U.S., Canada), Application Potential, Competitive Market Share & Forecast, 2020 – 2026.
    Which are key market players involved?
    Some of the notable industry players involved in the North America medical waste management market are Daniels, Suez, Triumvirate Environmental, Clean Harbors, Biomedical Waste Solutions, Stericycle, Veolia, Sharpsmart, Republic Services, US Ecology, and Waste management.

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