Global Sharps Containers Market

Sharps Containers Market Size, Share, Growth Analysis, By Product Type(Multipurpose Containers, Patient Room Containers), By Waste Generators(Hospitals, Other Healthcare Providers), By Usage(Reusable, Single-Use Containers), By Waste Type(Sharps Waste, Infectious Waste), By Size(1–2 Gallons, 2–4 Gallons) - Industry Forecast 2024-2031


Report ID: SQMIG15G2026 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 148 | Figures: 78

Sharps Containers Market Regional Insights

During the projected period, North America is expected to become the dominating region in the global sharps containers market. The region's market would increase as a result of firms there quickly adopting regulations set by regulatory agencies governing the management and disposal of medical and hazardous waste. Along with these factors, efforts to raise awareness of waste management, concentration on mergers with public & private businesses, and a vast distribution network are anticipated to drive market expansion in North America over the projection period.

For example, before being collected and consolidated for treatment, medical wastes need to be disposed of carefully and contained. Initial procedures for disposing of regulated medical waste have been prescribed by OSHA. These precautions are intended to safeguard those who produce medical waste and handle it from generation through disposal. Regulated medical wastes may often be contained in a single, leak-proof biohazard bag as long as the bag is robust and the waste can be disposed of without contaminating the exterior of the bag. A second biohazard bag must be used if the bag has been contaminated or punctured. The CDC has released a set of general instructions for managing sharps. In order to avoid the generation of aerosols when handling blood-contaminated materials for some unusual diseases or ailments, healthcare institutions may need to take special measures.

The global sharps containers market value is anticipated to expand at the greatest rate in Asia Pacific. The primary factor influencing the market in the region is the rapid investment in the production of high-quality, compliant sharp disposables. To compete in the market and provide clients unique solutions, manufacturers in India, China, Japan, and the rest of Asia Pacific are working to establish regulatory criteria for efficient medical waste disposal. This will fuel market expansion for biomedical waste containers in the area.

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Sharps Containers Market size was valued at USD 430.8 million in 2019 and is poised to grow from USD 581.88 million in 2023 to USD 3640.95 million by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).

The Sharps Containers market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Sharps Compliance, Inc.', 'MAUSER Group', 'Becton, Dickinson and Company', 'Daniels Health', 'Henry Schein, Inc.', 'Stericycle, Inc.', 'Medtronic plc', 'EnviroTain, LLC', 'UltiMed, Inc.', 'Covidien plc', 'Axelgaard Manufacturing Co., Ltd.', 'Bondtech Corporation', 'Bemis Manufacturing Company', 'VWR International, LLC', 'Eagle Manufacturing Company', 'Schreiber GmbH', 'Kendall Healthcare Products Company', 'Pacific Hospital Supply Co., Ltd.', 'Veolia Environmental Services', 'Transcendia, Inc.'

The collection, separation, and disposal of the medical, infectious, and hazardous waste produced by healthcare institutions is largely their responsibility. Large volumes of disposable trash are being produced as a result of rising infectious disease incidence, an increase in hospital visits and admissions, and a rise in the need for diagnostic and clinical tests. The disposal of medical waste must be done properly since it is not included in the ordinary waste disposal process.

Sharp objects like needles, syringes, lancets, and other items may be safely disposed of using biomedical waste containers, which have shown to be useful in this regard. Plastic that is robust and sturdy and can withstand repeated usage after disinfection makes up the container. Sharps containers are available in a range of sizes and forms, and each have specific uses. The producers are always focused on following the rules established by the government to provide disposable containers that are safe for the environment.

During the projected period, North America is expected to become the dominating region in the sharps containers market. The region's market would increase as a result of firms there quickly adopting regulations set by regulatory agencies governing the management and disposal of medical and hazardous waste. Along with these factors, efforts to raise awareness of waste management, concentration on mergers with public & private businesses, and a vast distribution network are anticipated to drive market expansion in North America over the projection period.

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Global Sharps Containers Market

Product ID: SQMIG15G2026

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