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 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 report is focused on offering the best information, an explanatory study consisting of various aspects enabling key players the competence to remain consistent in the global sharps containers market. The report also discusses in-depth about the recent innovations and industrial development in the global market
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“Rising Government Initiatives Regarding Medical Waste Management Will Enable Growth”
The rising need for effective medical waste management is expected to boost the 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 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.
Top players in the sharps containers market include:
• Sharps Compliance, Inc.
• EnviroTain, LLC.
• Bondtech Corporation
• MAUSER Group
• Daniels Healthcare Group
• Henry Schein, Inc.
• Thermo Fisher Scientific Inc.
• GPC Medical
“Partnership of PureWay With Safe Needle Disposal Will Favor Growth”
PureWay, a health-focused organization specializing in medical waste management and compliance solutions, announced its partnership with Safe Needle Disposal, a non-profit devoted to educating the public about safe needle disposal programs. At-home sharps injectors will give access to a user-friendly informational resource and regulatory experts to help answer all their sharps-related questions.
It will also responsibly and affordably dispose of needles with new Safe Needle Disposal. The introduction of At-home sharps injectors will support the global sharps containers growth during the forecast period.
Furthermore, the acquisition of Daniels Healthcare Group by MAUSER is expected to create new growth opportunities for the sharps containers market. For Instance, MAUSER Group announced the acquisition of Daniels Healthcare Group. Daniels Healthcare manufactures and markets medical waste containers for hospitals, surgeries, and the clinical waste industry.
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By Product Type
• Multipurpose Containers
• Patient Room Containers
• Phlebotomy Containers
• 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)