Sharps Containers Market Report and Forecast 2023-2031

The global sharps containers market value was USD 530 million in 2022, driven by the rising need for safe and effective medical waste disposal across the globe. The market size is anticipated to grow at a CAGR of 4% during the forecast period of 2023-2031 to achieve a value of USD 754.3 million by 2031.

Sharps Containers: Introduction

Sharps containers are specialized containers designed for the safe disposal of medical sharps, such as needles, syringes, lancets, and other sharp objects used in healthcare settings. These containers are puncture-resistant, leak-proof, and tamper-proof, ensuring the safe containment and disposal of potentially hazardous medical waste. Proper disposal of sharps waste is essential to prevent needlestick injuries and the spread of infections among healthcare workers, patients, and the general public.

The global sharps containers market is experiencing significant growth due to factors such as the rising volume of medical waste, increasing prevalence of chronic diseases, stringent regulations for medical waste management, and growing awareness about the safe disposal of sharps waste. The demand for reusable and disposable sharps containers is rising, driven by the need for effective and environmentally friendly waste management solutions.

Sharps Containers Market Scenario

The global sharps containers market is poised for significant growth as the need for safe and effective medical waste disposal continues to rise. Factors such as the rising volume of medical waste, stringent regulations for medical waste management, and growing awareness about the safe disposal of sharps waste contribute to the market's expansion. The market is characterized by regional dynamics shaped by healthcare infrastructure, government support, and investment in waste management systems. However, challenges such as the high cost of reusable containers, limited access to proper waste disposal in low- and middle-income countries, and inadequate waste management infrastructure may impact market growth.

North America: The largest market for sharps containers, driven by factors such as advanced healthcare infrastructure, stringent waste management regulations, and high awareness about sharps disposal.

Europe: The second-largest market, with increasing demand for sharps containers due to a growing elderly population, government support, and an expanding healthcare sector.

Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure and waste management systems.

Sharps Containers Market Segmentations

Market Breakup by Types

Patient Room Containers

• Single Use Containers
• Reusable Containers

Phlebotomy Containers

• Single Use Containers
• Reusable Containers

Multipurpose Containers

• Single Use Containers
• Reusable Containers

Market Breakup by Usage

• Single Use Containers
• Reusable Containers

Market Breakup by Size

• 1-2 Gallons
• 2-4 Gallons
• 4-8 Gallons

Market Breakup by End User

• Hospitals
• Pharmaceutical Companies
• Clinics and Physician’s offices
• Long Term Care Centers
• Others

Market Breakup by Region

North America

• United States of America
• Canada

Europe

• United Kingdom
• Germany
• France
• Italy
• Others

Asia Pacific

• China
• Japan
• India
• ASEAN
• Australia
• Others

Latin America

• Brazil
• Argentina
• Mexico
• Others

Middle East and Africa

• Saudi Arabia
• United Arab Emirates
• Nigeria
• South Africa
• Others

Key Trends in the Sharps Containers Market

Some key trends of the market are as follows:

• Rising volume of medical waste: The increasing number of medical procedures and the growing volume of sharps waste generated are driving the demand for sharps containers
• Stringent regulations for medical waste management: Governments worldwide are implementing strict regulations for medical waste management to ensure public health and safety, driving the demand for sharps containers
• Growing awareness about safe disposal of sharps waste: Increased awareness about the risks associated with improper sharps disposal is leading to higher adoption of sharps containers

Sharps Containers: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Becton, Dickinsons and Company
• Bemish Healthcare
• Isoray Medical
• BondTech Corporation
• Cardinal Health
• Enviro Tain
• GPC Medical
• Harloff
• Henry Schein
• Thermo Fisher Scientific