Stericycle, SUEZ., and Veolia are Dominating the Market for Global Medical Waste Management Market in 2017


Posted October 9, 2018 by pankajukey1

Global Medical Waste Management Market will cross USD 29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017. The market is growing at a CAGR of 5.4% in the forecast period 2018 to 2025.

 
Global Medical Waste Management Market will cross USD 29,644.80 million by 2025. It was valued at USD 19,690.00 million in 2017. The market is growing at a CAGR of 5.4% in the forecast period 2018 to 2025.
The global medical waste management market is highly concentrated to a few big players and rest to local players who cater to domestic markets only.
Stericycle dominated the medical waste management market accounting for a highest market share in 2017, followed by Veolia and SUEZ. Other players in this market include are
• Clean Harbors Inc, Ltd.,
• BioMedical Waste Solutions,
• LLC, REMONDIS AG & Co. KG.,
• Sharps Compliance, Inc.,
• Waste Management, Inc.,
• Daniels Sharps mart
• and Triumvirate Environmental among others.
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Market Segmentation: Global Medical Waste Management Market
• The global medical waste management market is segmented based on type of waste into two notable segments; hazardous waste and non-hazardous waste. In 2018, non-hazardous segment is estimated to rule with 85.9% shares and will cross USD 25,645.52 million by 2025, rising at the CAGR of 5.5%. Hazardous waste is sub segmented into infectious & pathological waste, pharmaceutical waste, sharps and others.
• The global medical waste management market is segmented based on service type into four notable segments; collection, transportation and storage, treatment and disposal, recycling and others. In 2018, collection, transportation and storage is estimated to rule with 64.2% shares and will cross USD 18,893.89 million by 2025, rising at the CAGR of 5.3%. However, recycling is expected to grow at the highest CAGR of 6.1% in the forecast period, and is expected to reach USD 1,963.38 million in 2025 from USD 1,293.16 million in 2017
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Key Drivers: Global Medical Waste Management Market
The major factors driving the growth of this market are rise in generation of healthcare waste, growing healthcare industry, importance of medical waste management, eco-friendly waste management procedures and growing government initiatives. On the other hand lack of awareness about health hazards and lack of skilled professionals for proper disposal may hinder the growth of the global medical waste management market.
Key Points: Global Medical Waste Management Market
In 2017, the global medical waste management market is dominated Stericycle by with market share of 25.4%, followed by Veolia 19.8%, and SUEZ 15.6%.
• The infectious & pathological waste segment is dominating the global medical waste management market.
• The collection, transportation, & storage segment is expected to grow with the highest CAGR of 6.1% in the forecast period 2018 to 2025.
STERICYCLE:
Stericycle was instituted in 1989 and headquartered at Lake Forest, U.S. The company is engaged in providing highly specialized solutions to the healthcare, retail, and commercial businesses in the United States and globally. The company is involved in collecting and processing of regulated and specialized waste for disposal services.
The company’s operations span across 21 countries including United States, Canada, Ireland, the Netherlands, Spain, and the United Kingdom (U.K.). It provides regulated services in Argentina, Brazil, Chile, Japan, Mexico, Portugal, Republic of Korea and Romania. It has subsidiaries namely- Stericycle International LLC (U.S.), Stericycle Return Inc, (U.S.), Strong Environmental Inc, (U.S.), SRCL Ltd, (U.K.), Cardinal Group Inc. (U.S.) and others.
Suez:
SUEZ was established in 2010 and headquartered at Paris, France. The firm specializes in smart and sustainable resource management. It provides water and waste management solutions in order to optimize resource management and strengthen their environmental and economic performances. The company operates in different segments like; water Europe, recycling and recovery, international, WTS and others.
SUEZ has a strong geographical presence in Asia-Pacific, Europe, South America and others. some of company’s subsidiaries are SUEZ North America (United States), Lyonnaise (France), Degrémont (France), Agbar (Spain), SAFEGE (France) among others
Veolia:
Established in 1853 and headquartered at Aubervilliers, France. Veolia is one of the global frontrunners in optimized resource management.
The company offers solutions and services in Asia, North America, Middle East and Africa and other regions. The subsidiaries of company include valorec (Switzerland), Transdev Auckland (New Zealand), Veolia Wasser (Germany), Veolia Water East (United Kingdom) among others.
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Last Updated October 9, 2018