Veolia Environnement S.A. (France) and Clean Harbors, Inc. (US) are Leading Players in the Medical Waste Management Market
The medical waste management market is valued at an estimated USD 9.2 billion in 2023 and is projected to reach USD 12.2 billion by 2028 at a CAGR of 5.9% during the forecast period. Growth in the medical waste management market is mainly driven by factors such as the increasing volume of healthcare waste, rising surge of surgical procedure and growing number treatment centers.
The key players in this market are Veolia Environnement S.A. (France), Clean Harbors, Inc. (US), Stericycle Inc. (US), Waste Management, Inc. (US), Cleanaway Waste Management Limited (Australia), Casella Waste Systems, Inc. (US), Sharps Compliance, Inc. (US), Covanta Holding Corporation (US), Hazardous Waste Experts (US), REMONDIS SE & Co. KG. (UK), BioMedical Waste Solutions, LLC (US), EcoMed Services (Canada), GRP & Associates, Inc. (US), BWS Incorporated (US), MEDPRO Disposal LLC (US), GIC Medical Disposal (Canada), Gamma Waste Services (US), Triumvirate Environmental (US), EPCO (Saudi Arabia), All Medical Waste Australia Pty Ltd. (Australia), Pro-Disposal Medical Waste Services (Georgia), SSO Medical Waste Management (US), Safeguard Waste Solutions (US), MedWaste Industries Inc. (US), DULSCO (UAE).
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In 2022, Veolia Environnement S.A. (France) held a significant market share in the medical waste management market. The company's leading position is derived from its robust global presence and adept showcasing of its services across various countries. It boasts an exceptional service network and strategically prioritizes the launch of new services. The company aims to bolster its market position through agreements and acquisitions. Veolia strategically prioritizes research endeavors to create innovative, superior offerings compared to competitors. In May 2022, Veolia Environnement S.A. acquired Suez Environnement S.A. (France) to expand its service portfolio.
Clean Harbors, Inc. (US) maintained its dominant position in the medical waste management market in 2022. The company’s strong distribution networks spanning in North America have contributed to its sustained leadership in the market. The company expands its portfolio by incorporating new services for healthcare waste disposal. These services encompass the disposal of biohazardous waste, pharmaceutical waste, as well as other types such as sharps and pathological waste disposals. These services enable the company to secure a larger market share and strengthen its position in the medical waste management market.
Stericycle Inc. (US), a prominent player in the global medical waste management market, secured a significant market share in the medical waste management market in 2022. The company’s strong presence in the North America, and other regions strengthens its geographical reach. Stericycle caters to a diverse customer base across various geographic locations. In addition company’s growth strategy is focused on providing cost effective services for the waste management. Company also has a strong history of new technologies, leaderships and innovations.
Related Reports:
Medical Waste Management Market by Service (Collection, Treatment, Disposal, Incineration, Recycling), Type of Waste (Non-hazardous, Infectious, Pharmaceutical), Treatment Site (Offsite, Onsite), Waste Generator (Hospital, Labs) - Global Forecast to 2028
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