Sharps Containers Market - By Container Type (Multipurpose, Pharmaceutical, Phlebotomy, Patient Room), Usage (Single-use, Reusable), Container Size (1 & 2 gallons, 3 & 5 gallons, 8 & 11 gallons) - Global Forecast, 2024 - 2032

Sharps Containers Market - By Container Type (Multipurpose, Pharmaceutical, Phlebotomy, Patient Room), Usage (Single-use, Reusable), Container Size (1 & 2 gallons, 3 & 5 gallons, 8 & 11 gallons) - Global Forecast, 2024 - 2032

Global Sharps Containers Market is expected to record a CAGR of 4.5% during 2024-2032, driven by increasing awareness about safe needle disposal, stringent regulations regarding healthcare waste management, and the rising prevalence of needlestick injuries among healthcare workers.

According to WHO, non-communicable diseases (NCDs) claim 41 million lives annually, representing 74% of global deaths. The escalating prevalence of chronic diseases like diabetes, cancer, and cardiovascular conditions has spurred the utilization of medical devices such as needles and syringes for diagnosis, treatment, and management. With patients requiring regular injections or blood tests as part of their ongoing care, there's been a notable uptick in the volume of medical sharps waste generated that require safe disposal solutions, driving up the demand for sharps containers. These containers help in preventing needlestick injuries among healthcare workers and mitigating the risk of infection transmission, addressing critical safety concerns within healthcare settings.

The overall sharps containers market is classified based on container type, usage, container size, and region.

Pharmaceutical container type segment is set to gain traction through 2032, as pharmaceutical waste, including expired medications, unused drugs, and contaminated materials, necessitates proper disposal to prevent environmental contamination and public health risks. Sharps containers designed specifically for medical waste are gaining traction due to their effectiveness in safely storing and disposing of these materials.

Single-use containers segment is poised to grow substantially over 2024 and 2032, as they offer convenience, efficiency, and enhanced infection control measures compared to reusable containers. Healthcare facilities and laboratories are opting for these containers to minimize the risk of cross-contamination, reduce the burden of sterilization and cleaning processes, and ensure compliance with regulatory guidelines.

Europe sharps containers industry size is set to expand during the forecast period, driven by stringent regulations governing medical waste management, increasing healthcare expenditure, and growing awareness regarding infection control measures. Countries such as Germany, the United Kingdom, France, and Italy are at the forefront with robust healthcare infrastructure, favorable reimbursement policies, and proactive initiatives aimed at promoting safe disposal practices. Moreover, the rising incidence of needlestick injuries and risk of infectious diseases further accentuates the need for effective sharps containers in Europe.