Sharps Containers

Sharps Containers

Global Sharps Containers Market to Reach US$787.6 Million by 2030

The global market for Sharps Containers estimated at US$537.3 Million in the year 2023, is expected to reach US$787.6 Million by 2030, growing at a CAGR of 5.6% over the analysis period 2023-2030. Multipurpose Containers, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$352.8 Million by the end of the analysis period. Growth in the Patient Room Containers segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$190.1 Million While China is Forecast to Grow at 7.9% CAGR

The Sharps Containers market in the U.S. is estimated at US$190.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$115.4 Million by the year 2030 trailing a CAGR of 7.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Global Sharps Containers Market - Key Trends & Drivers Summarized

Sharps containers are essential medical waste disposal units designed to safely collect and contain used sharps, such as needles, syringes, lancets, and other sharp medical instruments. These containers are made of puncture-resistant materials and feature secure locking mechanisms to prevent accidental needle sticks and contamination. Sharps containers are used in various healthcare settings, including hospitals, clinics, laboratories, and home healthcare environments. Proper disposal of sharps is crucial to prevent injuries, infections, and the spread of bloodborne pathogens like HIV, hepatitis B, and hepatitis C.

The design and manufacturing of sharps containers adhere to strict regulatory standards to ensure safety and compliance. These containers come in various sizes and configurations to accommodate different volumes of sharps waste. Features such as transparent sides for visual inspection, fill level indicators, and secure lids enhance their usability and safety. Innovations in sharps container design focus on improving ergonomics, ease of use, and environmental sustainability. Reusable sharps containers are gaining popularity as they reduce the environmental impact associated with single-use containers and provide cost savings over time.

The growth in the sharps containers market is driven by several factors. Firstly, the increasing volume of medical waste generated by healthcare facilities is a significant driver. Secondly, stringent regulations and guidelines for medical waste disposal are boosting the demand for compliant and safe sharps containers. Thirdly, the rising incidence of chronic diseases and the associated increase in the use of injectable medications are contributing to market growth. Additionally, the growing awareness of the risks associated with improper sharps disposal is encouraging the adoption of safe disposal practices. Furthermore, advancements in container design and the development of reusable and environmentally friendly options are driving market innovation. Lastly, the expansion of healthcare services and the increasing number of healthcare facilities, particularly in emerging markets, are creating new opportunities for sharps container manufacturers.

Select Competitors (Total 56 Featured) -

• Becton, Dickinson and Company
• Bemis Manufacturing Company
• BondTech Corporation
• Mauser Packaging Solutions
• Daniels Healthcare Group
• GPC Medical Ltd.
• The Harloff Company
• Henry Schein, Inc.
• MarketLab, Inc.
• Mauser Packaging Solutions
• Medtronic Plc.
• Medu-Scientific Ltd.
• Stericycle
• Thermo Fischer Scientific

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