Top Companies in Medical Waste Management Market | Major Players Comprehensive Research Report | Size, Share, Historic data, In-depth Analysis
In the coming years, the worldwide Medical Waste Management Market size is anticipated to observe a critical development
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Market Overview:
The Global Medical Waste Management Market is valued at USD 6.5 Billion in the year 2021 and is projected to reach a value of USD 8.8 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period. Healthcare means protecting health, and saving patients’ lives, but recently around 35-40 % of the Global Medical Waste ends up in the sea, landfills, and other dumping sites. The risk associated with Medical Waste is quite high than other types of waste. Poor Waste Management can lead to environmental pollution and contamination and can have long-lasting impacts on the global environment. This risk can be significantly reduced by simple and appropriate measures such as waste management plants, recycling, and avoiding carelessness.
Some of the factors that are expected to drive the Medical Waste Management market are increasing volumes of medical waste, a rise in chronic diseases, and a growing geriatric population. For instance, the global growth rate of healthcare Waste Management costs is estimated to rise from USD 11.77 billion in 2018 to USD 17.89 billion in 2026 at a compound annual growth rate of 5.3%. Furthermore, inappropriate and unsafe medical disposal in developing countries is responsible for severe infectious diseases and accounts for 0.4-1 million deaths each year.
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Some of the key players operating in the Medical Waste Management Market are listed below:
|
Company Name |
Revenue in the US |
|
$2 Billion |
|
$29 Billion |
|
$20 Billion |
|
$3 Billion |
|
$17 Billion |
|
$79 Million |
|
$17 Billion |
|
$25 Million |
|
$144 Million |
|
$10 Billion |
Stericycle is a compliance company that specializes in collecting and disposing of regulated substances, such as medical waste and sharps, pharmaceuticals, and hazardous waste, and providing services for recalled and expired goods. It also provides related education and training services, and patient communication services. The company is listed as SRCL (NASDAQ) in the stock market. In 2017, the company had closed to 23 thousand employees on board across its various locations. The company is a privately held organization.
Veolia Environment S.A., branded as Veolia, is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities such as water management, waste management, and energy services. The company is listed as VIE (EPA) in the stock market. In 2016, the company generated revenue of USD 4,065.59 million. The company employees approximately 163 thousand professionals working across the globe working at various locations.
Suez SA is a French-based utility company that operates largely in the water and waste management sectors. The company has its head office in La Défense, Paris. The company is a privately held organization and has closed to 23 thousand employees working globally. The company is headquartered in France.
Clean Harbors, Inc. is an American provider of environmental and industrial services, including hazardous waste disposal for its clients. The clientele for Clean Harbors comprises of Fortune 500 companies, small and medium waste generators, and also federal, state, provincial and local governments. The company is listed in the New York stock market as CLH (NYSE) and generated revenue of USD 314.4 million in 2020. The company has closed to 15 thousand employees working across its various locations in North America.
REMONDIS Group is Headquartered in Germany. The Company provides recycling, water resource management, and industrial and communal services to its clientele. Globally, REMONDIS Group ranks among the biggest recycling firms. The Company was founded in 1934 and has various subsidiaries under its umbrella.
Headquartered in Houston, Texas, Sharps Compliance is a leading business-to-business services provider to the healthcare, long-term care, and retail pharmacy markets. Sharps Compliance offers comprehensive solutions for managing regulated medical waste, hazardous waste, and unused medications. The Company is registered on NASDAQ (NASDAQ: SMED).
Waste Management, Inc., doing business as WM, is waste management, comprehensive waste, and environmental services company operating in North America. Founded in 1968, the company is headquartered in the Bank of America Tower in Houston, Texas. The company is listed in the New York Stock market as WM (NYSE) and is reported to have generated USD 1,521.8 million in 2020.
Bio Medical Waste Solutions LLC is a nationwide medical waste disposal company that provides Medical and Bio-hazardous Waste Management Services. The company guarantees effective medical and bio-hazardous waste removal under all state and federal guidelines, at an affordable price.
Daniels Sharp Smart Inc was founded in the year 2002. The Company provides safe and compliant sharps, biohazardous waste disposal, medical, and pharmaceutical waste services for its wide customer base. The company is a privately held organization.
Republic Services is an American waste disposal company whose services include non-hazardous solid waste collection, waste transfer waste disposal, recycling, and energy services. It is the second-largest provider of waste disposal in the United States after Waste Management Corporation. The company is listed as RSG (NYSE) in the New York stocks market. In 2021, the company generated USD 1,015.3 million and has approximately 35 thousand employees working.
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