Coming clean: High regulation and more patient visits will spur industry demand

In the five years to 2016, the number of patient visits in the healthcare sector has risen, and this trend has pressed healthcare providers to outsource disposal services to reduce costs, driving industry demand. Over the next five years, rising waste generation and healthcare regulation is anticipated to create opportunities for new entrants, continuing to drive demand growth...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
4.3%
Forecast Growth 16-21
Profit
Employment
6,716
Businesses
514
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Rising waste generation and greater healthcare regulation will drive industry demand
  • Demand for industry services increased as the number of insured individuals rose
  • Medical waste generation is expected to grow at faster rate over the next five years
  • Industry Report - Industry Products Chapter

    Medical waste collectionThe industry's highly skilled workers handle, pick up and transport medical waste to facilities for further treatment or disposal. Waste collection efforts are concentrated in regions with large hospitals and outpatient facilities. Waste collection generally is highly reliant on economies of scale; dispatching collection vehicles and staff is costly, but the incremental cost of adding stops along a collection route is very low. Collection revenue has remained relatively stable as a share of revenue, and is estimated to account for 28.9% in 2016. However, much of the establishment growth in the industry has been the result of increased investment in collection sites and transfer stations. Man...purchase to read more.

    Additional Insights for the Medical Waste Disposal Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Waste Disposal Services Industry are

  • Offer a broad range of services
  • Establishing network of processing facilities and transportation locations
  • Developing and using new technologies to dispose of medical waste
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Demand from hospitals in the Medical Waste Disposal Services industry impact industry performance..

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    What is the Medical Waste Disposal Services Industry?

    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.

    Industry Products
  • Medical waste incineration
  • Medical waste collection
  • Other medical waste disposal
  • Industry Activities
  • Medical waste collection
  • Medical waste treatment and disposal
  • Returns and recall management
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance
  • Demand from hospitals
  • Federal funding for Medicare and Medicaid
  • Regulation
  • Number of adults aged 65 and older

  • Current Performance
  • Regulation spurs demand
  • Medical waste grows
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Consolidation and competition
  • Other developments
  • Table: Medical Waste Disposal Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Waste Disposal Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Primary Care Doctors
  • Emergency & Other Outpatient Care Centers
  • Blood & Organ Banks
  • Hospitals
  • Specialty Hospitals

  • Key Selling Industries
  • Industrial Building Construction
  • Medical Instrument & Supply Manufacturing

  • Products & Services
  • Medical waste incineration
  • Medical waste collection
  • Other medical waste disposal
  • Chart: Medical Waste Disposal Services Industry Products and Services Segmentation

  • Demand Determinants
  • Regulation on disposal services
  • Volume of medical waste

  • Major Markets
  • Hospitals
  • Physician offices
  • Home healthcare
  • Assisted living
  • Chart: Major Market Segmentation for the Medical Waste Disposal Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and other
  • Chart: Cost Structure Benchmarking – Sector vs Medical Waste Disposal Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Waste Disposal Services Industry

  • Industry Globalization
    Stericycle
  • Table: Stericycle - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Waste Disposal Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical Waste Disposal Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of adults over 65 years old (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Regulated Medical Waste (Rmw)
  • The portion of the waste stream that may be contaminated by blood, body fluids or other potentially infectious materials, posing a significant risk of transmitting infection.
  • Steam Autoclave
  • An instrument used to sterilize equipment and supplies by subjecting them to high-pressure saturated steam.
  • Transfer Station
  • Building or processing site for the temporary deposition of waste by local vehicles, where waste is later transferred to long-distance vehicles for transport to disposal facilities.
  • Why buy this report?

    IBISWorld’s Industry Market Report on Medical Waste Disposal Services is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Waste Disposal Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Waste Disposal Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Waste Disposal Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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