Medical Waste Containers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Waste Containers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global medical waste containers market size reached US$ 2,219 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,274 Million by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Medical waste containers are special containers used to dispose of medical waste produced from healthcare facilities. They are designed to contain and seal medical waste, such as body parts, organs, tissues, items contaminated by blood, medical sharps, biohazardous waste, medication, and radioactive waste that can potentially harm the environment or human health. They are widely utilized to safely store and transport medical waste, prevent contamination, and avoid accidental contact of staff and patients with infectious materials. Depending on the type of waste to be collected, they are color-coded and labeled to distinguish them from others. As a result, medical waste containers find extensive applications in hospitals, veterinary clinics, tattoo parlors, pharmaceutical companies, and other healthcare facilities due to their durability, chemical resistance, and puncture-proof nature.

Medical Waste Containers Market Trends:
The increasing number of hospitals and other healthcare facilities across the globe represents the primary factor driving the market growth. Besides this, the rising awareness regarding the benefits of proper medical waste management for curbing the spread of infections and related health hazards is catalyzing the demand for medical waste containers. Additionally, there has been a significant rise in the volume of diagnostic and lab testing samples due to the widespread prevalence of chronic diseases and the recent onset of coronavirus disease (COVID-19). This, along with the growing cases of hospital-acquired infections (HAI) on account of lack of sanitation and precautions, is accelerating the product adoption rates for proper medical waste disposal to protect against contamination and minimize the risk of illnesses. Furthermore, the implementation of stringent safety and environmental conservation policies by governments of various countries for the containment and proper disposal of waste is also propelling the market growth. Other factors, including the increasing hospital admission rates, growing geriatric population, improving healthcare infrastructure, rising number of surgeries, and extensive research and development (R&D) activities in the pharmaceutical field, are also creating a favorable market outlook.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical waste containers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type of waste, product and end user

Breakup by Type of Waste:

General Medical Waste
Infectious Medical Waste
Hazardous Medical Waste
Radioactive Medical Waste
Others

Breakup by Product:

Chemotherapy Containers
Biohazardous Medical Waste Containers
Sharps Medical Waste Containers
Resource Conservation and Recovery Act (RCRA) Containers
Others

Breakup by End User:

Hospitals and Private Clinics
Pharmaceutical and Biotechnology Companies and CROs
Academic Research Institutes
Diagnostic Laboratories
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Becton Dickinson and Company, Bemis Manufacturing Company, Bondtech Corporation, Cardinal Health Inc., Daniels Sharpsmart Inc., EnviroTain LLC, Henry Schein Inc., Mauser Packaging Solutions, Medegen Medical Products (Inteplast Group Corporation), Stericycle Inc., Terra Universal Inc. and Thermo Fisher Scientific Inc.

Report Coverage:

Key Questions Answered in This Report

1. What was the size of the global medical waste containers market in 2022?
2. What is the expected growth rate of the global medical waste containers market during 2023-2028?
3. What are the key factors driving the global medical waste containers market?
4. What has been the impact of COVID-19 on the global medical waste containers market?
5. What is the breakup of the global medical waste containers market based on the type of waste?
6. What is the breakup of the global medical waste containers market based on the product?
7. What is the breakup of the global medical waste containers market based on the end user?
8. What are the key regions in the global medical waste containers market?
9. Who are the key players/companies in the global medical waste containers market?