LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global surgical waste management market 2017-2021 report. This market research report also lists 35 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global surgical waste management market is highly fragmented, with the presence of Tier-1, Tier-2, and Tier-3 companies. The market is also witnessing the emergence of new players. Vendors are focusing on developing products and offering new services with new features to meet the changing demands of end-users such as hospitals, ASCs, and clinics.
“End-users in the market consider factors such as service cost, equipment cost, accessories cost, and maintenance cost before initiating surgical waste management. Vendors are focusing on providing solutions with features such as quality service support, high-throughput ability, accuracy, ease of use, ease of access, eco-friendliness, automation, online services, and other services,” says Barath Palada, lead medical devices analyst from Technavio.
The report also states that the growth of the players in the market depends on market conditions, government support, and the healthcare industry. Vendors can boost profitability by practicing efficient service techniques to minimize product costs and prevent cost overruns.
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Technavio healthcare and life sciences market research analysts identify the following key vendors:
Stericycle specializes in collecting, handling, transporting, and disposing regulated substances such as medical waste, pharmaceutical waste, hazardous waste, and others. It is primarily into regulated waste management processes such as the disposal of sharp containers, healthcare compliance services, and pharmaceuticals.
Sharps Compliance focuses primarily on customized solutions in waste management systems, particularly for medical, pharmaceutical, and hazardous waste in the US. It serves various end-users such as pharmaceutical manufactures, hospitals, home healthcare, research labs, clinics, and others.
Daniels Sharpsmart provides waste management services such as collection, packaging, logistics, and disposal of surgical waste. It provides containers, delivery carts, and the Medismart system, which are used for the collection, transport, and storage of surgical waste during transportation.
Clean Harbors deals with the disposal of hazardous and non-hazardous surgical waste. It has a wide range of customers such as hospitals, clinics, pharmaceutical manufacturers, ASCs, medical laboratories, independent and retail pharmacies, veterinarians, and others. It offers a wide range of surgical waste management equipment and services to dispose surgical waste through various techniques such as incineration, autoclaving, and landfilling.
Republic Services provides various services for the healthcare industry, especially for surgical waste management such as collecting, packaging, transporting, and disposing waste. The company focuses on improving its market position through capital investments and acquisitions and expanding its service to emerging markets.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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