Global Medical Waste Containers Market

Medical Waste Containers Market Size, Share, Growth Analysis, By Type(Sharps containers, infectious waste containers, and pharmaceutical waste containers), By Product(Reusable and disposable containers), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2590 | Region: Global | Published Date: March, 2024
Pages: 219 |Tables: 61 |Figures: 65

Medical Waste Containers Market Insights

Global Medical Waste Containers Market size was valued at USD 2.22 billion in 2022 and is poised to grow from USD 2.36 billion in 2023 to USD 3.81 billion by 2031, at a CAGR of 6.2% during the forecast period (2024-2031).

The global medical waste containers market is characterized by steady growth due to increasing healthcare activities and stringent waste management regulations. Rising awareness about infection control, coupled with the need for safe disposal of medical waste, drives the demand. Key players offer a range of containers, including sharps, biohazard, and pharmaceutical waste containers, catering to hospitals, clinics, and research facilities.

North America holds a significant share owing to advanced healthcare infrastructure. Asia-Pacific displays potential for substantial expansion due to expanding healthcare facilities. Sustainability efforts, technological advancements, and government initiatives further shape the market's evolution.

US Medical Waste Containers Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 2.22 billion

Largest Segment

Biohazardous Waste Containers

Fastest Growth

Pharmaceutical Waste Containers

Growth Rate

6.2% CAGR

Global Medical waste containers market by region
Country Share for North America (%)

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Medical Waste Containers Market Segmental Analysis

The global medical waste containers market can be segmented based on type, product, and region. In terms of type, it includes sharps containers, infectious waste containers, and pharmaceutical waste containers. Product segmentation involves reusable and disposable containers. Geographically, the market is divided into regions such as North America, Europe, Asia Pacific, and the rest of the world.

Medical Waste Containers Market Analysis By Type

The sharps containers segment is among the largest due to the critical need for safe disposal of used needles and other sharp objects. With the ongoing emphasis on infection control and waste management in healthcare settings, biohazard bags and other containers for infectious waste were also significant contributors to the market. The fastest-growing segments were likely those related to pharmaceutical waste and hazardous waste due to the increasing volume of pharmaceutical waste generated by healthcare facilities and the growing focus on proper disposal methods for hazardous materials.

Medical Waste Containers Market Analysis By Product

The largest segment in the global medical waste containers market was likely the "Biohazardous Waste Containers" segment. This is because biohazardous waste is a common type of medical waste generated by healthcare facilities, research institutions, and other medical settings. The need for proper containment and disposal of such waste is critical to prevent the spread of infections and maintain a safe environment.

The fastest-growing segment could have been the "Pharmaceutical Waste Containers" segment. With increasing concerns about the environmental impact of pharmaceutical waste and the need for proper disposal to prevent drug diversion and water contamination, the demand for specialized containers for pharmaceutical waste disposal was expected to rise.

Global Medical waste containers market by product, 2023 (%)

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Medical Waste Containers Market Regional Insights

The North American region, particularly the United States and Canada, have historically been major contributors to the medical waste containers market. Stringent regulations, advanced healthcare infrastructure, and a high awareness of proper waste management practices have driven the demand for medical waste containers. The market is characterized by established players offering a wide range of products.

Europe also holds a significant share in the medical waste containers market. Countries such as Germany, the United Kingdom, and France have robust healthcare systems with strict waste disposal regulations. The focus on environmental sustainability and healthcare quality has led to the adoption of advanced waste management solutions, thereby boosting the demand for medical waste containers. The Asia-Pacific region is considered one of the fastest-growing markets for medical waste containers. Rapid urbanization, increasing healthcare expenditure, and a growing awareness of infection control have driven the adoption of proper medical waste management practices. Countries like China, India, and Japan have witnessed substantial growth in healthcare infrastructure, contributing to the demand for medical waste containers.

Global Medical waste containers market by Region, 2024-2031
  • Largest
  • Fastest

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Medical Waste Containers Market Dynamics

Medical Waste Containers Market Drivers

Demand to Cater Healthcare Waste Management

  • The growing emphasis on proper healthcare waste management and the increasing adoption of stringent environmental regulations are driving the demand for medical waste containers, ensuring safe disposal and preventing cross-contamination.

Medical Waste Containers Market Restraints

High Cost

  • High initial costs for advanced medical waste disposal systems, lack of awareness and infrastructure in certain regions, and limited accessibility to appropriate technologies are restraining the growth of the global medical waste containers market.

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Medical Waste Containers Market Competitive Landscape

The global medical waste containers market features intense competition among key players striving for market dominance. Industry leaders like Stericycle, Daniels Health, and Sharps Compliance exhibit strong market presence through extensive product portfolios, innovative container designs, and global distribution networks. Additionally, regulatory compliance and environmentally friendly solutions are driving competition, with companies like BD and Thermo Fisher offering advanced container solutions. This landscape is characterized by ongoing technological advancements, strategic partnerships, and a focus on sustainability, as companies vie to cater to the rising demand for safe and efficient medical waste disposal solutions worldwide.

Medical Waste Containers Market Top Player’s Company Profiles

  • Stericycle, Inc.: United States
  • Daniels Health: Australia
  • Sharps Compliance Corp.: United States
  • Waste Management, Inc.: United States
  • Republic Services, Inc: United States
  • Covidien (Medtronic): Ireland (Acquired by Medtronic)
  • Becton, Dickinson and Company (BD): United States
  • Remondis Medison: Germany
  • Mauser Group: Germany
  • Bondtech Corporation: United States

Medical Waste Containers Market Recent Developments

  • In August 2023, Stericycle Inc., Illinois, a provider of medical waste management and secure information destruction solutions, launched its reengineered 1-gallon Safedrop sharps mail-back and 1-gallon CSRX controlled substance wastage containers.
  • In 2022, G6 Materials Corp announced the launch of a redesigned website for Graphene-Supermarket.com.
  • In 2022, Graphene Composites signed an agreement with NASA to license one of their patented nano-material products in the research & development programs.

Medical Waste Containers Key Market Trends

  • The global medical waste containers market is witnessing key trends driven by heightened awareness of healthcare waste management, stringent regulations, and growing concerns about infectious waste. Single-use container demand is rising due to infection control measures, while eco-friendly and sustainable options are gaining traction. Advanced features like leak-proof seals and secure closures are becoming standard. As telemedicine grows, proper disposal of home-generated medical waste is gaining prominence. Moreover, the market sees innovation in smart containers with tracking capabilities. Overall, the industry is evolving towards safer, more efficient, and environmentally conscious solutions for the critical management of medical waste.

Medical Waste Containers Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global medical waste containers market is poised for significant growth due to increasing healthcare infrastructure, stringent waste management regulations, and heightened awareness of infection control. As healthcare services expand globally, the demand for safe and efficient disposal of medical waste escalates. Emerging technologies in waste containment, sterilization, and tracking systems further drive market innovation. Sustainable practices and eco-friendly materials are gaining prominence, influencing market dynamics. With a rising focus on public health and environmental preservation, the medical waste containers market is anticipated to witness sustained expansion, offering lucrative opportunities for manufacturers and stakeholders in the coming years.

Report Metric Details
Market size value in 2023 USD 2.22 billion
Market size value in 2031 USD 3.81 billion
Growth Rate 6.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Sharps containers, infectious waste containers, and pharmaceutical waste containers
  • Product
    • Reusable and disposable containers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Stericycle, Inc.: United States
  • Daniels Health: Australia
  • Sharps Compliance Corp.: United States
  • Waste Management, Inc.: United States
  • Republic Services, Inc: United States
  • Covidien (Medtronic): Ireland (Acquired by Medtronic)
  • Becton, Dickinson and Company (BD): United States
  • Remondis Medison: Germany
  • Mauser Group: Germany
  • Bondtech Corporation: United States
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Medical Waste Containers Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Medical Waste Containers Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Medical Waste Containers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Waste Containers Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Waste Containers Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Medical Waste Containers Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Medical Waste Containers Market size was valued at USD 2.22 billion in 2022 and is poised to grow from USD 2.36 billion in 2023 to USD 3.81 billion by 2031, at a CAGR of 6.2% during the forecast period (2024-2031).

The medical waste containers market features intense competition among key players striving for market dominance. Industry leaders like Stericycle, Daniels Health, and Sharps Compliance exhibit strong market presence through extensive product portfolios, innovative container designs, and distribution networks. Additionally, regulatory compliance and environmentally friendly solutions are driving competition, with companies like BD and Thermo Fisher offering advanced container solutions. This landscape is characterized by ongoing technological advancements, strategic partnerships, and a focus on sustainability, as companies vie to cater to the rising demand for safe and efficient medical waste disposal solutions worldwide. 'Stericycle, Inc.: United States', 'Daniels Health: Australia', 'Sharps Compliance Corp.: United States', 'Waste Management, Inc.: United States', 'Republic Services, Inc: United States', 'Covidien (Medtronic): Ireland (Acquired by Medtronic)', 'Becton, Dickinson and Company (BD): United States', 'Remondis Medison: Germany', 'Mauser Group: Germany', 'Bondtech Corporation: United States'

The growing emphasis on proper healthcare waste management and the increasing adoption of stringent environmental regulations are driving the demand for medical waste containers, ensuring safe disposal and preventing cross-contamination.

The medical waste containers market is witnessing key trends driven by heightened awareness of healthcare waste management, stringent regulations, and growing concerns about infectious waste. Single-use container demand is rising due to infection control measures, while eco-friendly and sustainable options are gaining traction. Advanced features like leak-proof seals and secure closures are becoming standard. As telemedicine grows, proper disposal of home-generated medical waste is gaining prominence. Moreover, the market sees innovation in smart containers with tracking capabilities. Overall, the industry is evolving towards safer, more efficient, and environmentally conscious solutions for the critical management of medical waste.

The North American region, particularly the United States and Canada, have historically been major contributors to the medical waste containers market. Stringent regulations, advanced healthcare infrastructure, and a high awareness of proper waste management practices have driven the demand for medical waste containers. The market is characterized by established players offering a wide range of products.

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Global Medical Waste Containers Market

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