According to the latest report by IMARC Group, titled “Medical Waste Containers Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global medical waste containers market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global medical waste containers market reached a value of US$ 2,056.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3,086.1 Million by 2027 exhibiting a CAGR of 6.50% during 2022-2027.
Medical waste containers are specialized products designed to dispose of the wastes produced from hospitals and other healthcare facilities. They are available in several variants, such as chemotherapy containers, biohazardous containers, sharps waste containers, etc. Medical waste containers help in the safe storage and transportation of blood-contaminated organs, tissues, biohazardous and radioactive wastes, medical sharps, etc., that are harmful to the environment and human health. They are highly durable, chemical-resistant, and puncture-proof in nature and thereby aid in preventing accidental contact of patients and staff with any infectious materials. Consequently, medical waste containers find widespread applications in hospitals, medical research institutes, pharmaceutical companies, etc., across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Medical Waste Containers Market Trends and Drivers:
The elevating number of healthcare facilities and the expanding awareness towards the benefits of appropriate medical waste management in curbing the spread of infections and related illnesses are primarily driving the medical waste containers market.
Besides this, the inflating volumes of diagnostic and lab testing samples, on account of the sudden outbreak of the COVID-19 pandemic, are further augmenting the product demand. Additionally, the rising cases of hospital-acquired infections (HAI), owing to the lack of adequate sanitation infrastructures and precautions, are acting as significant growth-inducing factors.
Furthermore, the growing geriatric population, the increasing hospital admissions rates, and continuous R&D activities in the pharmaceutical sector are expected to catalyze the medical waste containers market over the forecasted period.
Global Medical Waste Containers Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Becton Dickinson and Company, Bemis Manufacturing Company, Bondtech Corporation, Cardinal Health Inc., Daniels Sharpsmart Inc., EnviroTain LLC, Henry Schein Inc., Mauser Packaging Solutions, Medegen Medical Products (Inteplast Group Corporation), Stericycle Inc., Terra Universal Inc. and Thermo Fisher Scientific Inc.
The report has segmented the market on the basis of region, type of waste, product and end user.
Breakup by Type of Waste:
- General Medical Waste
- Infectious Medical Waste
- Hazardous Medical Waste
- Radioactive Medical Waste
Breakup by Product:
- Chemotherapy Containers
- Biohazardous Medical Waste Containers
- Sharps Medical Waste Containers
- Resource Conservation and Recovery Act (RCRA) Containers
Market Breakup by End User:
- Hospitals and Private Clinics
- Pharmaceutical and Biotechnology Companies and CROs
- Academic Research Institutes
- Diagnostic Laboratories
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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