Press Release

Sharps Containers Market Is Expected To Reach USD 624.1 Million by 2026

Sharps Containers Market by Top Key players are Sharps Compliance, Inc., EnviroTain, LLC., Bondtech Corporation, MAUSER Group

sharps containers market The increasing need for effective waste management is a key factor driving the global sharps containers, says Fortune Business Insights in a report, titled “Sharps Containers Market Size, Share & Industry Analysis, By Product Type (Multipurpose Containers, Patient Room Containers, Phlebotomy Containers), By Waste Generators (Hospitals, Other Healthcare Providers, Pharmacies, Academic & Research Institutes, Pharmaceutical Companies, and Others), By Usage (Reusable Containers, and Single Use Containers), By Waste Type (Sharps Waste, Infectious Waste, Non-infectious Waste, and Pharmaceutical Waste), By Size (1–2 Gallons, 2–4 Gallons, 4–8 Gallons and Others) and Regional Forecast, 2019-2026.” The global sharps containers market was valued at USD 449.1 Million in 2018 and is expected to reach USD 624.1 Million by 2026 at a CAGR of 4.2%.

As per the report, the rising awareness regarding hazardous waste is expected to aid the growth of the global sharps containers market. For instance, according to World Health Organization, every year, 16 million injections are used worldwide but lack proper disposal of the same. 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 major players operating in the global sharps containers market are:

  • Sharps Compliance, Inc.
  • EnviroTain, LLC.
  • Bondtech Corporation
  • MAUSER Group
  • Daniels Healthcare Group
  • Henry Schein, Inc.
  • Thermo Fisher Scientific Inc.
  • Stericycle
  • GPC Medical
  • Other Prominent Players

Rising Government Initiatives Regarding Medical Waste Management Will Enable Growth

The rising need for effective medical waste management is expected to boost the global sharps containers market revenue during the forecast period. The increasing government efforts in implementing guidelines for effective disposal of medical waste will stimulate the growth of the global sharps containers market. For instance, World Health Organization (WHO) along with other regulatory bodies in the countries worldwide, have set standard guidelines for disposal and management of biomedical waste. It has become a mandate for all the pharmaceutical companies, research institutes, hospitals, and other healthcare providers to comply with the set of guidelines given by the governing bodies.

Key Segmentation:

By Product Type

  • Multipurpose Containers
  • Patient Room Containers
  • Phlebotomy Containers

By Waste Generators

  • Hospitals
  • Other Healthcare Providers
  • Pharmacies
  • Academic & Research Institutes
  • Pharmaceutical Companies
  • Others

By Usage

  • Reusable Containers
  • Single Use Containers

By Waste Type

  • Sharps Waste
  • Infectious Waste
  • Non-infectious Waste
  • Pharmaceutical Waste

By Size

  • 1–2 Gallons
  • 2–4 Gallons
  • 4–8 Gallons
  • Others

By Region

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

More Trending Topics from Fortune Business Insights:

Nanopore Technology Market 2020 | Research Report, Global Industry Analysis, Growth, Key Players, Latest Trends by 2026

Robotic Surgical Systems Market 2020 | Latest Report Analysis, Growth, Share, Trends, Regional Overview Forecast to 2026

Latest Report Analysis on Medical Wearables Market Trends, Share, Growth, Segmentation, Top Key Players Forecast Research by 2026

Artificial Intelligence in Healthcare Market 2020 | Growth Factors, Latest Research, Global Share, Analysis and Forecast to 2026

Tags

Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close