Sharps Containers Market Size to Surpass US$ 790 Billion by 2030 - Growth Plus Reports

 | Source: Growth Plus Reports Growth Plus Reports

Pune, Oct. 26, 2022 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Sharps Containers Market by Product Type (Multipurpose Containers, Patient Room Containers, Phlebotomy Containers), by Usage (Single–Use Containers, Reusable Containers), by Waste Type (Sharp Waste, Infectious Waste) –Global Outlook & Forecast 2022-2030 " published by Growth Plus Reports, the sharps containers market is expected to grow at a CAGR of 4.38% from 2021 to reach US$ 790 billion  by 2030.

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Market Drivers

The global market for sharp containers is expanding due to increased demand for proper biomedical waste management. The WHO (World Health Organization) and other regulatory authorities provide uniform recommendations for disposing of medical waste. Every healthcare professional and pharmaceutical company follows these guidelines. Additionally, rising healthcare spending, syringe and needle demand, and the quick adoption of technology in the healthcare industry are propelling the sharp container market expansion.

Excerpts from ‘by Product Type’

Multipurpose containers, patient room containers, and phlebotomy containers are the three product categories under which the sharps containers market is categorized. The multipurpose containers segment holds the largest market share. The high availability of multipurpose containers in various sizes and shapes has increased the demand. The multipurpose containers also offer a large volume for disposing of trash, safety to medical personnel, and environmental friendliness. The need for proper disposal in hospitals and clinics will likely increase during the forecast period, leading to solid growth for the patient room container market. Similarly, a higher CAGR is anticipated from the phlebotomy containers segment as it is highly used in clinical laboratories, diagnostic facilities, and pharmaceutical firms to dispose of blood samples, hypodermic, and IV needles.

Excerpts from ‘by Usage’

The global sharps containers market is bifurcated into:

  • Single-Use
  • Reusable Containers

The reusable sector holds the majority of market shares. Their popularity is increasing due to their ability to save money over time by not needing to be replaced as frequently as single-use containers. Healthcare personnel has a higher safety level when using reusable containers because there is a decreased chance of unintentional needlestick injury.

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Excerpts from ‘Waste Type’

According to waste type, the market is bifurcated into:

  • Sharp Waste
  • Infectious Waste

The market has been dominated by sharps waste. The sharps waste segment dominates the market and is produced in substantial quantities worldwide. Increasing surgical and clinical procedures requiring extensive use of needles, catheters, syringes, and cannulas also contributes to the industry growth.

Excerpts from ‘By Region’

The market for sharps containers has been divided into:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

North America dominates the sharps container market. This is because there are strict biowaste disposal regulations and laws increasing the use of disposal containers in healthcare facilities. Additionally, advanced infrastructure would promote market expansion in this region. Further, more diagnoses of blood-borne illnesses in the area are leading to a rise in the need for sharp containers for correct disposal. The Asia Pacific region is expected to grow as healthcare spending is rising by public and commercial sectors, particularly China, India, and Japan.

Excerpts from ‘Competitive Landscape’

Some prominent players operating in sharps containers market are:

  • EnviroTain, LLC
  • MAUSER Group
  • Daniel Healthcare Group
  • Thermo Fisher Scientific Inc.
  • GPC Medical Ltd.
  • Stericycle, Inc.
  • Henry Schein, Inc.
  • Bondtech Corporation
  • Bemis Manufacturing Company
  • Medtronic plc.
  •  Becton, Dickinson, and Company

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem 
    2. Timeline Under Consideration
      1. Historical Years – 2020
      2. Base Year – 2021
      3. Forecasted Years – 2022 to 2030
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1.    Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions       
  3. PREMIUM INSIGHTS
    1. Current Market Trends (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2021) 
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
  5. GLOBAL SHARPS CONTAINERS MARKET - ANALYSIS & FORECAST, BY PRODUCT TYPE 
    1. Multipurpose Containers
    2. Patient Room Containers
    3. Phlebotomy Containers 
  6. GLOBAL SHARPS CONTAINERS MARKET - ANALYSIS & FORECAST, BY USAGE 
    1. Single - Use Containers
    2. Reusable Containers
  7. GLOBAL SHARPS CONTAINERS MARKET - ANALYSIS & FORECAST, BY WASTE TYPE
    1. Sharp Waste 
    2. Infectious Waste

VALUE PROPOSITIONS RELATED TO THE REPORT:

  • Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
  • Comprehensive quantitative and qualitative insights at segment and sub-segment level
  • Covid 19 impact trends and perspective
  • Granular insights at global/regional/country level
  • Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
  • Blanket coverage on competitive landscape
  • Winning imperatives
  • Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

  • Distributor Landscape Assessment
  • Pricing Intelligence
  • Customer Base Assessment
  • Investment & Initiatives Analysis
  • 'Business Profile' of Key Players

Directly Purchase Premium Copy of Sharps Containers Market Growth Report (2022-2030) at: https://growthplusreports.com/checkout?_token=5wToiWXLm3CHu8P3TO4AyC9cgYiIjNKOl97Vhobw&report_id=7882&license=Single

About Us:

Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).

Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.

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