Sharps Containers Market By Product Type (Multipurpose Containers, Patient Room Containers, Phlebotomy Containers), By Waste Generators (Hospitals, Pharmacies, Academic & Research Institutes, Others), By Usage (Reusable Containers and Single-Use Containers), By Waste Type (Sharps Waste, Infectious Waste), By Size (1–2 Gallons, 2–4 Gallons, 4–8 Gallons Others) and Regional Forecast, 2019 – 2026.
Some of the companies operating the industry are:
- Sharps Compliance, Inc.
- EnviroTain, LLC.
- Bondtech Corporation
- MAUSER Group
- Daniels Healthcare Group
- Henry Schein, Inc.
- Thermo Fisher Scientific Inc.
- GPC Medical
Sharps Containers Market Analysis From 2020 To 2026:
The global Sharps Containers market size is projected to reach 624.1 Million market value at highest CAGR during the forecast period of 2020 to 2026. The sharps containers market has a highly competitive landscape as a number of start-ups, small scale, and large scale companies have penetrated the market for development of valuable and infection-free sharps containers. This is likely to boost the global market during the forecast period. Stringent government guidelines have made the lower-economic countries to adopt disposable containers thus increasing their demand which is anticipated to propel the market growth during the forecast period.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.
According to the World Health Organization, every year, 16 million injections are used worldwide but lack proper disposal facilities. Additionally, out of the total medical waste generated 85% consists of general, non-hazardous waste and 15% of hazardous waste. This generated waste contains harmful microorganisms that pose a threat to the environment as well as to the healthcare professionals.
The Global Sharps Containers Market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Sharps Containers market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
The key strategy in minimizing and successful management of medical waste is segregation and identification of the waste. Improper disposal of a large amount of waste generated at the healthcare facilities and pharmaceutical companies is likely to increase the infections affecting the environment and the living systems of the planet. Hence, government bodies are taking necessary efforts in implementing guidelines for effective disposal of medical waste.
Regional Market Overview:
North America generated a revenue of USD 175.6 Million in 2018 and is anticipated to emerge dominant in the global sharps containers market during the forecast period. The rapid adoption of guidelines imposed by regulatory bodies regarding medical and hazardous waste disposal and management by manufacturers across the region would drive the market growth in the region. Besides, large distribution line, initiatives in spreading awareness about waste management, and focus on merging with public & private manufacturers for the expansion are expected to fuel the market growth in North America during the forecast period.
This report focuses on Sharps Containers Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2024, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
The Sharps Containers Market Size, Share, Growth report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
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Sharps Containers Market 2020 Global Analysis By Size, Share, And Trends Forecast To 2026