Europe Sharps Containers Market Forecast to 2030 - Regional Analysis - by Product (Multipurpose Containers, Patient Room Containers, and Phlebotomy Containers), Usage (Reusable Containers, and Disposable Containers), Waste Type (Infectious Waste and Non-I

Europe Sharps Containers Market Forecast to 2030 - Regional Analysis - by Product (Multipurpose Containers, Patient Room Containers, and Phlebotomy Containers), Usage (Reusable Containers, and Disposable Containers), Waste Type (Infectious Waste and Non-Infectious Waste), Waste Generators (Hospitals, Pharmaceutical Companies, Laboratories, Clinics & Physician’s Offices, and Others), Container Size (1-3 Gallons, 4-6 Gallons, 7-8 Gallons, and Others), and Distribution Channel (Medical Supply Companies, Pharmacies, Online Sale, and Others)

The Europe sharps containers market is expected to grow from US$ 146.20 million in 2022 to US$ 208.57 million by 2030. It is estimated to grow at a CAGR of 4.5% from 2022 to 2030.

Rise in Hospitalizations in Private and Public Hospitals Across the Globe Fuels Europe Sharps Containers Market

Hospitals generate a large amount of waste, so more single-use containers are required. Growing need for waste disposal and management and regulatory compliance for medical waste disposal, increasing surgeries and infections, and surging patient visits to hospitals are driving the sharps container market. The increasing use of sharps with the proliferation of healthcare facilities, rise in surgical procedures, and growing healthcare concerns due to needlestick injuries fuel the demand for sharps disposal products. Several studies found that healthcare facilities still dispose of injections and other sharps waste in open pits or boxes instead of using disposal containers, which in turn increases the need to use effective sharp drop devices in these facilities. The continued development and updating of government policies and initiatives by public/private entities related to waste management will require compliance.

The increasing burden of chronic diseases is leading to a rise in the number of surgical procedures worldwide in which sharp medical instruments such as scalpels, needles, intravenous injections, and other devices are widely used. This is expected to fuel the demand for sharps containers, driving the market. Therefore, with the growing global demand for surgical procedures, the amount of medical waste in hospitals is increasing, boosting demand for sharps containers to dispose of the waste.

Europe Sharps Containers Market Overview

The growing prevalence of diseases such as diabetes and the ongoing vaccination campaign against COVID-19 have resulted in a large volume of sharps and sharps waste requiring proper disposal. Regulators in Europe are taking initiatives to introduce favorable and strict guidelines for reusable sharp containers that are environmentally friendly and offer cost-effective features. A survey was conducted in 2020 by Health Care Without Harm (HCWH) Europe to understand waste management practices and challenges in European hospitals. 25 responses were received from 9 countries in Europe, of which nearly 92.0% of respondents had a specific waste sorting and collection training program, and 68.0% of respondents' training program included a strategic plan, promotion of recycling culture, and reuse program and a reduction in packaging as procurement criteria. Such initiatives raise awareness of medical waste management in healthcare facilities, leading to effective medical waste management and subsequently increasing the adoption of sharps containers.

Europe Sharps Containers Market Revenue and Forecast to 2030 (US$ Million)

Europe Sharps Containers Market Segmentation

The Europe sharps containers market is segmented into product, usage, waste type, waste generators, container size, distribution channel, and country.

Based on product, the Europe sharps containers market is segmented into multipurpose containers, patient room containers, and phlebotomy containers. The multipurpose containers segment held the largest share of the Europe sharps containers market in 2022.

Based on usage, the Europe sharps containers market is segmented into reusable containers and disposable containers. The reusable containers segment held a larger share of the Europe sharps containers market in 2022.

Based on waste type, the Europe sharps containers market is segmented into infectious waste and non-infectious waste. The infectious waste held a larger share of the Europe sharps containers market in 2022.

Based on waste generators, the Europe sharps containers market is segmented into hospitals, pharmaceutical companies, laboratories, clinics & physician’s offices, and others. The hospitals held the largest share of the Europe sharps containers market in 2022.

Based on container size, the Europe sharps containers market is segmented into 1-3 gallons, 4-6 gallons, 7-8 gallons, and others. The 1-3 gallons held the largest share of the Europe sharps containers market in 2022.

Based on distribution channel, the Europe sharps containers market is segmented into medical supply companies, pharmacies, online sale, and others. The medical supply companies held the largest share of the Europe sharps containers market in 2022.

Based on country, the Europe sharps containers market is segmented int o the UK, France, Germany, Spain, Italy, and the Rest of Europe. Germany dominated the Europe sharps containers market in 2022.

Sanypick Plastic SA, Mauser Group NV, Stericycle Inc, and Becton Dickinson and Co are some of the leading companies operating in the Europe sharps containers market.

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