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Medical Waste Management Market - Market Leader
The standard of quality of the medical waste management has improved due to cut-throat competition and branding strategies of major players. The competition also leads to several R&D activities from top manufacturers. These developments contribute towards the improvement of the infrastructural landscape of the industry. Numerous smaller players are also penetrating the industry with a new and innovative product line. This helps cater to the diversified demands of customers.
The pharmaceutical & healthcare industry is the chief medical waste generator. Steady growth in the healthcare industry boosted medical waste generation universally. This directly helps the medical waste management market expand and grow in terms of handling services, waste treatment, etc.
There are several small medical waste management service providers in the Americas, Europe, and in the Asia-Pacific region. The market is controlled by a few important players who always tend to buy and implement the best technologies and services. Veolia Environment, Clean Harbors, Waste Management Inc., Republic Services Inc., Suez Environnement, and Stericycle Inc. are the top players of the industry, that collectively hold about 69% of the market share.
This market is by and large fragmented, where a large number of small players collectively hold a majority of the market share. There are lots of medical waste management service providers in the Asia-Pacific region. This is due to meagerly-priced raw material and manpower.
A respectable number of partnerships and alliances can be seen over the studied period. Most of the alliances have been formed in order to provide waste management services (processing, recycling, and removal of waste) to customers. A few alliances also deal with equipment purchases of the user. Some of the key companies involved in collaborations are Medasend Biomedical Inc., MedClean Technologies, Veolia Environmental Services, and Waste Management Inc.
Medical Waste Management Market by Sector (Hospital & Pharmaceutical), Service (Collection, Transportation & Storage, Treatment, Disposal & Recycling), Treatment Technology (Mechanical, Thermal, Chemical, Microwave Irradiation) & Geography - Global Trends & Forecast to 2018
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