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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
Report ID: GMI7988
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Published Date: January 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 220
Countries covered: 22
Pages: 150
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Sharps Containers Market Size
Sharps Containers Market size was valued at around USD 554.4 million in 2023 and is expected to grow at a CAGR of 4.5% from 2024 to 2032. This robust market growth can be attributed to factors such as the rising number of surgeries coupled with the increasing volume of medical waste generated globally.
As the demand for surgeries increases, the need for safe and effective disposal of sharp medical instruments, such as needles and scalpels also rises. For instance, according to an article published by the National Library of Medicine, in 2020, around 310 million major surgeries are performed each year globally, of which around 40 million are performed in the U.S. and 20 million in Europe. Sharps containers play a crucial role in ensuring proper containment and disposal of these potentially hazardous materials, contributing to the overall safety of healthcare professionals, patients, and the environment. This surge in surgical activities amplifies the importance and demand for sharps containers in healthcare settings, propelling the market expansion.
Moreover, with the rising population and increasing healthcare activities worldwide, there is a consequential surge in the amount of medical waste, particularly sharp objects such as syringes and needles. Sharps containers provide a secure and hygienic way to collect and dispose of used needles and other sharps, reducing the risk of needlestick injuries and the potential transmission of infectious diseases, thereby contributing to the market growth.
Sharps containers are specially designed receptacles intended for the safe disposal of medical sharp instruments, such as needles, syringes, lancets, and scalpels. These containers are an essential component of medical waste management practices, ensuring the safe handling and disposal of sharps waste in accordance with regulatory guidelines and standards.
Sharps Containers Market Trends
Governments around the world are increasingly recognizing the importance of proper disposal of medical waste, including sharps, to ensure public health and environmental safety. Many countries have implemented strict regulations and guidelines for the collection, segregation, transportation, treatment, and disposal of medical waste, especially sharp waste.
Sharps Containers Market Analysis
The market by container type is categorized into multipurpose containers, pharmaceutical containers, phlebotomy containers, patient room containers, and other container types. The multipurpose containers segment accounted for over 32.5% business share in 2023 and is anticipated to witness significant growth during the forecast period.
The sharps containers market by usage is categorized into single-use containers and reusable containers. The reusable container segment accounted for around USD 367 million in revenue size in 2023.
The sharps containers market by container size is categorized into 1 & 2 gallons, 3 & 5 gallons, 8 & 11 gallons, and other container sizes. The 3 & 5 gallons segment is expected to grow at a CAGR of 4.7% over the analysis timeframe.
North America sharps containers market accounted for USD 195.4 million in revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
Sharps Containers Market Share
The sharps containers industry is fragmented in nature, with several large multinationals, small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies are among a key market strategy. Some of the leading industry players including Becton, Dickinsons and Company, Thermo Fischer Scientific, Cardinal Health, Sharps Medical Waste Services, among others have a notable presence in the market.
Sharps Containers Market Companies
Some of the eminent market participants operating in the sharps containers industry include:
Sharps Containers Industry News:
Sharps containers market research report includes an in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Container Type
Market, By Usage
Market, By Container Size
The above information is provided for the following regions and countries: