Industry Analysis & Industry Trends
Cleaning up
Healthcare services are growing in demand due to an aging US population and rapid technology innovation. As this sector grows, so does the need for medical waste disposal. More hospitals will increasingly outsource waste disposal services, driving industry demand. Nevertheless, competition will remain high, with major player Stericycle increasing its market share through acquisitions.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Medical Waste Disposal Services industry is in the growth stage of its life cycle. Its industry value added (IVA), which measures its contribution to the US economy, is expected to grow at an average annual rate of 2.1% over the 10 years to 2016. This growth rate slightly overshadows that of US GDP, which is projected to grow at an annualized rate of 1.8% over the same period. Therefore, the industry's share of the US economy is expanding. Industry growth is the result of various factors, particularly including rising medical waste generation and increased government regulation on collection and disposal of medical waste. Str... purchase to read more