The medical waste management market is fragmented in nature. Some of the key players operating in the market include Waste Management Inc., Stericycle Inc., Sharps Compliance, Clean Harbors Inc., Republic Services Group LLC and Biomedical Waste Solution LLC. These players held about 35% share of total market.
There are a variety of companies that offer services such as medical waste collection, transportation, disposal, and treatment. These companies range from small, regional companies to larger, national companies. The major players in the medical waste management industry are Stericycle, Biomedical Waste Solution LLC., Waste Management, Veolia, Clean Harbors, Daniels Health, and Republic Services. Each of these companies offers a variety of services and specializes in different areas of medical waste management. Stericycle is one of the largest medical waste management companies in the world. They offer a full suite of medical waste management services, including collection, transportation, disposal, and treatment. They also offer specialty services such as sharps disposal and pharmaceutical waste management. Waste Management is another large medical waste management company that offers a full suite of services. They specialize in transportation, disposal, and treatment of medical waste. They also offer specialized services such as decontamination and treatment of hazardous waste. Veolia is a global provider of medical waste management services. They specialize in collection, transportation, disposal, and treatment of medical waste. They also offer specialized services such as treatment of radioactive waste and destruction of medical. Additionally, these companies provide consulting and training services to help healthcare providers comply with regulations related to medical waste management.
As per recent studies published by the global research hub, the medical waste management market is set to expand at a CAGR of 5.9% over 2022–2030 and hit revenue worth nearly USD 12.9 Billion by 2028.
We will discuss some of the Key players operating in the medical waste management market
Biomedical Waste Solutions, LLC
BioMedical Waste Solutions, LLC was founded in 2005 and is headquartered in Texas, U.S. The company provides a complete line of disposal and compliance services for all small health care and large health care systems. BioMedical Waste Solutions, LLC, is a nation-wide medical waste disposal company that provides medical and bio hazardous waste management services. The company also works for effective removal medical and bio hazardous waste in accordance with all state and federal guidelines, at an affordable price. Approximately more than 150 workers are working in BioMedical Waste Solutions.
Clean Harbors, Inc.
Clean Harbors, Inc. was founded in 1980 and is headquartered in Norwell, Massachusetts, U.S. The company is the leading provider in environmental energy and industrial services. Clean Harbors, Inc. has almost 35 years of experience in industrial waste management. The company operates its business through four different segments: technical services, industrial and field services, Safety-Kleen, and, oil and gas field services. Each business units are focused on specific customer segments, and offer an integrated platform of services to meet the specific needs of each individual vertical market. Clean Harbors technical services offer a broad range of hazardous material management and disposal services including the collection, packaging, transportation, recycling, treatment and disposal of hazardous and non-hazardous waste. The company employed approximately more than 10,000 employees in 2015. It also provides a broad variety of environmental cleanup services on customer sites or other locations on a scheduled or based on an emergency response basis.
Stericycle, Inc.
Stericycle, Inc. was founded in 1989 by Dr. James Sharpand is headquartered in Illinois, U.S. The company provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the U.S. and internationally. Stericycle, Inc. has almost 25 years of experience in disposal of medical management. From the last 25 years, company have grown from a small start-up in medical waste management into a leader across a range of increasingly complex and highly regulated arenas, such as; brand protection solutions, environmental & sustainable solutions, patient & customer communication solutions and regulated waste management & compliance solutions. At present, the company operates in 13 countries viz. Argentina, Brazil, Canada, Chile, Ireland, Japan, Mexico, Portugal, Republic of Korea, Romania, Spain, the UK and the U.S.
Veolia Environnement S.A.
Veolia Environnement S.A. was founded in 1853 and is headquartered in Paris, France. The company was formerly known as Vivendi Environnement and changed its name to Veolia Environnement S.A. in 2003. The company provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. In general, the company helps to develop access to resources, preserve available resources, and to replenish them. Veolia Environnement S.A. has almost more than 160 years of experience in disposal of waste management. The company core purpose is to help customers to fulfill their promises by providing solutions that protect people and brand name, promote health and safeguard the environment. The company offers emergency responses for spills & hazardous waste contaminations, regulated medical waste disposal, industrial & retail hazardous waste management and pharmaceutical returns & disposal.
Daniels Health
Daniels Health was founded in 1999 and is headquartered in Chicago, U.S. The company is primarily engaged in disposals of medical and pharmaceutical waste. Daniels has years of experience in research, development, and disposals of medical waste products. The company launched Sharpsmart system that is used in thousands of healthcare facilities in the US, Canada, UK, Australia, New Zealand and South Africa. Daniels is one the key market player in the areas of disposing of medical waste products. In addition, company also offers pharmasmart containers for pharmaceutical waste and specialized disposable containers for RCRA waste to ensure safe and secure containment in your premises and also during transportation to the treatment facility.
REMONDIS Medison GmbH
REMONDIS Medison GmbH was founded in 1934 and is headquartered in Lünen Deutschland, Germany. REMONDIS Medison GmbH has around 82 years of market experience in research, development, and disposal of medical waste. In addition, REMONDIS Medison is a foremost specialist for collection, transport, storage, disposal and disposal of medical waste and the treatment and processing of photochemical and precious metal and solvent-containing waste. At present, the company supplies a wide range of convenient services system, high-quality raw materials, innovative products, alternative fuels and renewable energy sources worldwide. The company REMONDIS Medison GmbH recycled around 25 million tons of medical waste products in 2015.
Republic Services Group, LLC
Republic Services Group, LLC was founded in 1996 and is headquartered in Arizona, U.S. The company primarily engaged in waste disposal service. Republic Services Group has almost 15 years of experience in offering waste disposal service. Republic Services Group, LLC is the market leader in providing waste disposal service. In addition, the company also offers recycling and medical waste disposal service. At present, Republic Services Group, LLC, approximately 32,000 employees across the world. Republic Services Inc. is a holding company and all operations are conducted by its subsidiaries.
Sharps Compliance, Inc.
Sharps Compliance, Inc. was founded in 1996 by Dr. Burton J. Kunik and is headquartered in Houston, Texas, U.S. The company is a leading developer and provider of advance solutions for improving safety, efficiency and cost related to the proper disposal of medical waste by industry and consumers. The company's products and services represent cutting edge solutions provided for a variety of industries dealing with the complexities of managing regulatory compliance, environmental sensitivity, corporate risk and operating costs related to medical waste and unused pharmaceutical disposal. The company is a leading proponent and participant in the development of public awareness and solutions for the safe disposal of needles, syringes and other sharps pharmaceutical products. Sharps Compliance, Inc. has almost 20 yea Stericycle, Inc. rs of experience in disposal of medical and pharmaceutical waste product.
SUEZ Environnement S.A.
SUEZ Environnement S.A. was founded in 2010 and is headquartered in Paris, France. At present, SUEZ Environnement S.A. operates across five continents. SUEZ offers an integrated waste management collection, recycling and resource recovery service for the hospital and healthcare market. It provides nearly 34 million people with waste collection services and recovers 16 million tons of waste each year as secondary raw materials and energy. The company core purpose to help customers in order to fulfill their promise by providing solutions that protect people and brands, promote health and safeguard the environment.
Waste Management Inc.
Waste Management Inc. was founded in 1894 and is based in Houston, U.S. The company provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. Waste Management Inc. is one of the leading providers of comprehensive waste management services. They offer a range of services, including collection, disposal, recycling, and resource recovery. Their services are designed to help companies, cities, and communities reduce their environmental impact and achieve sustainable waste management. They strive to provide cost-effective and comprehensive solutions that are tailored to meet the individual needs of their customers. As a global leader in waste management, Waste Management Inc. works with customers to develop innovative and sustainable waste management solutions that are both financially and environmentally responsible.
Medasend Biomedical, Inc.
Medasend Biomedical, Inc. is a medical device company that specializes in the development, manufacturing, and distribution of innovative medical solutions. Their products are designed to improve patient outcomes, reduce costs, and improve the overall healthcare experience. Medasend’s products are used in hospitals and other healthcare facilities around the world, providing an array of solutions for patient care, medical imaging, and other clinical applications. Their products include respiratory monitors, imaging equipment, and a range of other medical devices. They also offer comprehensive services and technical support to their customers.