Medical waste is the waste produced in healthcare or diagnostic activities. It can be both non-hazardous and hazardous waste. Those in contact with medical waste are potentially exposed to various risks such as trauma, infection, chemical, fire or explosion, and radioactivity. In Addition, medical waste also risks environmental pollution and contamination. With the large amount of medical waste generated by hospitals, laboratory and research centers, and nursing homes, there is a high demand for medical waste management services.
The growth of this market is mainly attributed to the increased volume of medical waste generated globally, the rising geriatric population and subsequent increase in the prevalence of chronic disease, and an increasing number of surgical procedures. Moreover, the growing use of single-use devices and emerging economies offer significant opportunities for market growth. Medical Waste Management Market Will Grow at A CAGR of 5.4% during the Forecast Period to Reach $17.02 Billion by 2030, Says “Meticulous Research®”
Here are the top 10 companies operating in the Medical Waste Management Market
Biomedical Waste Solutions, LLC (U.S.)
Founded in 2005 and headquartered in Texas, U.S., Biomedical Waste Solutions is a medical waste disposal and management service company that provides medical and biohazardous waste management services. The company offers a complete line of disposal and compliance services to healthcare facilities, including doctor offices, nursing homes, dentist offices, laboratories, dialysis centers, hospitals, and urgent care centers. The medical waste collections can be scheduled daily, weekly, bi-weekly, monthly, quarterly, or as required by the facilities.
Biomedical Waste Solutions caters to healthcare facilities in different states across the U.S., such as Texas, California, New York, Illinois, Florida, Ohio, North Carolina, and Georgia, among others. Some of its subsidiaries operating in the medical waste management market are Texas Medical Waste Disposal Company (Texas), San Antonio Medical Waste Disposal Company (Texas), Chicago Medical Waste Disposal Company (Chicago), and San Francisco Medical Waste Disposal Company (California).
Clean Harbors, Inc. (U.S.)
Founded in 1980 and headquartered in Massachusetts, U.S., Clean Harbors is an environmental and industrial services company. The company offers waste management services to industries such as chemicals and specialty chemicals, education, energy, engineering and consulting, general manufacturing, government, healthcare, pharmaceutical and biotechnology, refinery retail, steel and primary metals, transportation, and utilities in North America.
Clean Harbors has two reportable segments, namely, Environmental Services and Safety-Kleen Sustainability Solutions. Both these segments provide waste management and recycling services.
The Environmental Services segment offers services such as collection, transportation, treatment, and disposal of non-hazardous and hazardous waste, physical treatment, landfill disposal, incineration, lab chemical disposal, and wastewater treatment. The Safety-Kleen Sustainability Solutions segment offers containerized waste, parts washer, and vacuum truck services.
Clean Harbors offers all these services to hospitals & integrated delivery networks, doctors’ offices, clinics and surgery centers, pharmaceutical manufacturing and biotech companies, medical and clinical laboratories, long-term care facilities, independent and retail pharmacies, schools and universities, dental offices, and veterinarians.
The company has more than 540 service locations across the U.S., Canada, Mexico, and Puerto Rico. Some of its subsidiaries operating in the medical waste management market are CH International Holdings, LLC (Delaware), Clean Harbors Environmental Services, Inc. (Massachusetts), Clean Harbors Disposal Services, Inc (Delaware), Cousins Waste Control, LLC (Ohio), and Safety-Kleen Canada Inc. (New Brunswick), among others.
Daniels Sharpsmart Inc. (U.S.)
Founded in 1986 and headquartered in Illinois, U.S., Daniels Sharpsmart is a healthcare service infrastructure company engaged in medical waste management. The company offers medical waste management containers for medical waste management at healthcare facilities such as surgical centers, hospitals, research laboratories, oncology centers, general practices, ambulatory care, dialysis centers, pharmacies, dentists, and medical spas.
Daniels Sharpsmart operates in the medical waste management market by offering services for medical waste disposal, pharmaceutical disposable, chemotherapy waste disposable, sharps waste disposal, surgical sharps disposable, and hazardous waste disposal.
The company has a direct presence through its service locations in the U.S., Canada, South Africa, Australia, and the U.K. Daniels Sharpsmart has nearly 28 treatment plants and transfer stations across the U.S. Some of its subsidiaries operating in the medical waste management market are Daniels Corporation International Pty Ltd (Australia), Daniels Sharpsmart Canada Ltd (Canada), Daniels Corporation International Pty Ltd (New Zealand), Daniels Sharpsmart Compass (Pty) Ltd (South Africa), Daniels Corporation International Ltd (U.K. & Europe), and Daniels Sharpsmart, Inc. (U.S.).
Stericycle, Inc. (U.S.)
Founded in 1989 and headquartered in Illinois, U.S., Stericycle is a business-to-business company offering various solutions for managing medical waste. The company operates in two reportable business segments, namely, Regulated Waste and Compliance Services and Secure Information Destruction Services. The company operates in the medical waste management market through Regulated Waste and Compliance Services and Secure Information Destruction Services segment by providing waste management services, hazardous waste and compliance solutions, pharmaceutical waste services, communication solutions, maritime waste services, and secure destruction services for medical waste management.
The Regulated Waste and Compliance Services segment provides medical waste management services in the U.S., Brazil, Ireland, Canada, the Netherlands, The Republic of Korea, Portugal, Spain, Romania, and the U.K.
Shred-it, a brand operating under the Secure Information Destruction Services segment, provides scheduled services in Belgium, Australia, France, Germany, Canada, Luxembourg, Ireland, the Netherlands, Spain, Portugal, Singapore, and the U.K.
Stericycle’s customers include healthcare businesses, hospitals, outpatient clinics, physician and dental practices, and long-term care facilities, contributing to the company’s majority revenue share. Some of its subsidiaries are Stericycle Communication Solutions, Inc. (Delaware), Stericycle International, LLC (Delaware), and Stericycle Management, LLC (Delaware).
Veolia Environnement SA (France)
Founded in 1853 and headquartered in Aubervilliers, France, Veolia Environnement is a waste and environmental management company. The company operates in three reportable business segments, namely, Water, Waste, and Energy. Veolia operates in the medical waste management market through the Waste segment by providing collection, recycling, and final recovery services for solid or liquid hazardous and non-hazardous waste.
Veolia has a direct presence in around 52 countries and operates through 691 waste processing facilities. Furthermore, the company has 435,861 commercial clients and treats 48 million metric tons of waste annually. Some of its subsidiaries are Veolia Propreté (France), Veolia Deutschland GmbH (Germany), Veolia Nordic AB (Sweden), Veolia Environmental Services North America (U.S.), and Veolia Environmental Services Asia Pte Ltd (Singapore).
Meticulous Research in its latest publication on Medical Waste Management Market has predicted the growth of 5.4% during the forecast year 2023-2030.
Waste Management, Inc. (U.S.)
Founded in 1968 and headquartered in Texas, U.S., Waste Management, Inc. is a waste management environmental service company that provides services to businesses across the U.S. and Canada. Waste Management offers services such as trash collection and recycling from homes and businesses, bulk trash pickup, and roll-off dumpster rental. The company primarily operates its business through the Solid Waste segment.
Depending on the geographic areas, the Solid Waste segment is further categorized into the East Tier and West Tier. Furthermore, this segment provides environmental services such as transfer, collection, recycling, and waste disposal.
Waste Management has a direct presence in the U.S. and Canada through its 340 transfer stations, 260 landfill sites, 255 solid waste landfills, and 5 secure hazardous waste landfills. Some of its subsidiaries operating in the medical waste management market are Waste Management Arizona Landfills, Inc. (Delaware), Waste Management Collection and Recycling, Inc. (Delaware), and Waste Management Buckeye, L.L.C. (Delaware).
EcoMed Services (Canada)
Founded in 2015 and headquartered in British Columbia, Canada, EcoMed Services is a medical waste management company that provides healthcare and environmental waste disposal and treatment. The company offers products and services to a wide range of clientele, including universities & colleges, waste management & recycling vendors, government & military, hospitals & medical centers, medical offices & clinics, pharmacies, and pharmaceutical companies.
EcoMed Services also offers compliance services, including mail-back programs, turnkey onsite solutions, and integrated official medical waste disposal and recycling. The company provides offsite medical waste management and disposal services, biohazardous waste services, sharps disposal, and pharmaceutical and chemotherapy disposal services in the medical waste management market.
Gamma Waste Services (U.S)
Founded in 1996 and headquartered in Texas, U.S., Gamma Waste Services is a medical waste disposal company engaged in the collection, treatment, transportation, and disposal of bio-hazardous and medical wastes. The company provides medical and bio-hazardous waste services to hospitals, veterinary facilities, dental clinics, trauma care centers, surgical centers, schools, colleges, and institutions.
Gamma offers services related to sharps container management, medical waste management by mail, biomedical/RMW disposal, disposal of hazardous waste solutions, transportation of waste, paper shredding, recycling of used materials, oil recovery & vacuum, and training & consultation).
REMONDIS SE & CO. KG (Germany)
Founded in 1934 and headquartered in Lunen, Germany, REMONDIS is a waste and water recycling company that provides healthcare waste management services and solutions to the medical sector. The company operates in the medical waste management market by providing infectious and cytotoxic waste services, offensive waste services, X-ray recycling services, photographic and developer solutions, and file destruction services to hospitals, medical practices, dental practices, nursing home and cares, pharmacies, laboratories, and blood donations organizations.
REMONDIS operates through 110 special vehicles as well as cutting-edge plants and facilities, which include silver melting / processing facilities, clinical waste treatment facilities, film washing facilities, film shredding facilities, solvent treatment plants, hazardous waste treatment plants, waste decontamination plants, electrolysis facilities to process photographic chemicals in Europe, and 800 facilities and plants at 800 business locations around the world. Some of its subsidiaries operating in the medical waste management market are REMONDIS Medison GmbH (Germany) and REMONDIS Australia Pty Ltd (Australia).
GIC Medical Disposal, Inc. (Canada)
Founded in 2009 and headquartered in Toronto, Canada, GIC Medical Disposal provides medical waste disposal services. The company provides its services to blood banks, spill and disaster clean-ups, dental offices, dialysis centers, funeral homes, medical laboratories, medical practices, long-term care facilities, medical distribution centers, surgical and cosmetic facilities, veterinary clinics, and hospitals.
GIC operates in various Canadian cities such as Barrie, Hamilton, Kitchener, Markham, Sudbury, Ottawa, Vaughan, St. Catharines, Edmonton, and Calgary, among others. The company has a global presence across North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
Authoritative Research on the Medical Waste Management Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
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