Global Sharps Containers Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 239
- CATEGORY
- Healthcare & Life Sciences
In 2021, the market for Sharps Containers worldwide was worth $0.48 billion US dollars. AMR Group projects that the market will reach US$ 0.72 billion by 2031, growing at a CAGR of 4 percent between 2022 and 2031.
Industry Overview
Sharps containers are specialized containers designed for the safe disposal of medical sharps, which are items used in medical procedures that have sharp edges or points capable of puncturing or cutting the skin. Examples of medical sharps include needles, syringes, lancets, and scalpels. Sharps containers are designed to be puncture-resistant and leak-proof, and they are typically made of durable plastic or metal. They are also labeled with warning symbols to indicate that they contain hazardous medical waste. After being used, medical sharps are placed in the sharps container to prevent accidental needle sticks and exposure to infectious diseases such as HIV and hepatitis. Once the sharps container is full, it is sealed and disposed of in accordance with local regulations for medical waste management. Sharps containers are an important part of infection control and safe waste management practices in healthcare facilities, laboratories, and other settings where medical sharps are used.
Market Dynamics
The market for sharps containers is driven by a number of factors, including: Growing awareness of the need for safe medical waste disposal: With an increasing focus on infection control and patient safety, there is growing awareness of the importance of safe disposal of medical waste, including sharps. This has led to increased demand for sharps containers that meet regulatory standards and provide safe storage and disposal of sharps. As healthcare expenditure continues to rise, there is a growing demand for healthcare products and services, including medical waste management. This has led to an increase in demand for sharps containers in healthcare facilities such as hospitals, clinics, and laboratories.
Governments and regulatory bodies around the world have introduced strict regulations for the disposal of medical waste, including sharps. This has led to increased demand for sharps containers that meet these regulations and provide safe storage and disposal of sharps. The development of new and innovative materials and technologies has led to the introduction of more advanced and user-friendly sharps containers. For example, some sharps containers now feature safety devices that prevent accidental needle sticks and allow for one-handed disposal. The growing prevalence of chronic diseases such as diabetes and cancer has led to an increase in the use of medical sharps such as needles and syringes. This has led to a corresponding increase in demand for sharps containers for safe disposal of these items. Overall, the market for sharps containers is expected to continue to grow in the coming years, driven by increasing demand from healthcare facilities, growing awareness of the importance of safe medical waste disposal, and strict regulatory requirements.
COVID Impact
The COVID-19 pandemic has had an impact on the market for sharps containers in several ways: The pandemic has led to an increase in the use of medical sharps such as needles and syringes for COVID-19 testing and vaccination. This has led to a corresponding increase in the demand for sharps containers for safe disposal of these items. The pandemic has brought heightened awareness of the importance of infection control in healthcare settings. This has led to an increased emphasis on safe disposal of medical waste, including sharps, and a corresponding increase in demand for sharps containers that meet regulatory standards for safe storage and disposal. The pandemic has disrupted global supply chains, leading to shortages of certain types of medical supplies and equipment, including sharps containers. This has led to challenges in meeting the demand for sharps containers in some regions. The pandemic has led to an increase in healthcare spending as healthcare facilities around the world have had to increase their capacity to handle COVID-19 patients. This has led to an increase in demand for medical waste management products and services, including sharps containers. Overall, the impact of the COVID-19 pandemic on the market for sharps containers has been mixed, with increased demand for safe medical waste disposal and challenges in meeting that demand due to supply chain disruptions. However, the long-term impact of the pandemic on the market for sharps containers is likely to be positive, as the pandemic has brought heightened awareness of infection control and safe medical waste disposal practices.
Regional Trend
The market for sharps containers varies by region, with different factors influencing demand and adoption in different parts of the world. Here's a regional analysis of the market for sharps containers:
The North American market for sharps containers is driven by strict regulations for medical waste disposal, growing awareness of the importance of infection control, and a high prevalence of chronic diseases that require the use of medical sharps. The United States is the largest market for sharps containers in the region. The European market for sharps containers is driven by strict regulations for medical waste management and a growing emphasis on infection control in healthcare settings. The market is also influenced by the presence of established manufacturers and suppliers of medical waste management products and services.
The Asia Pacific market for sharps containers is driven by increasing healthcare expenditure, growing awareness of the importance of safe medical waste disposal, and the presence of a large population with a high prevalence of chronic diseases. The market is also influenced by the increasing adoption of advanced medical technologies in the region. The Latin American market for sharps containers is driven by increasing healthcare spending, growing awareness of the importance of safe medical waste disposal, and a high prevalence of infectious diseases that require the use of medical sharps. Brazil and Mexico are the largest markets for sharps containers in the region. The Middle East and Africa market for sharps containers is driven by increasing healthcare spending, a growing emphasis on infection control, and a high prevalence of infectious diseases that require the use of medical sharps. The market is also influenced by the presence of established manufacturers and suppliers of medical waste management products and services. Overall, the market for sharps containers is influenced by a range of regional factors, including regulatory requirements, healthcare spending, disease prevalence, and the adoption of advanced medical technologies. Understanding these regional dynamics is important for companies looking to enter or expand their presence in the global market for sharps containers.
Competitive Landscape
The market for sharps containers is highly competitive, with a large number of global and regional players. Here are some of the key players in the market:
BD (Becton, Dickinson and Company): BD is a global medical technology company that produces a range of products for the management of medical waste, including sharps containers.
Daniels Health: Daniels Health is a global company that specializes in the design, manufacture, and distribution of medical waste management solutions, including sharps containers.
Sharps Compliance Inc.: Sharps Compliance is a US-based company that provides a range of medical waste management services and solutions, including sharps containers.
Henry Schein, Inc.: Henry Schein is a global healthcare solutions company that offers a range of products and services, including medical waste management solutions such as sharps containers.
Covidien (Medtronic): Covidien, now part of Medtronic, is a global healthcare company that produces a range of products for the management of medical waste, including sharps containers.
Cardinal Health: Cardinal Health is a US-based healthcare services and products company that offers a range of medical waste management solutions, including sharps containers.
Medline Industries, Inc.: Medline Industries is a US-based global manufacturer and distributor of medical supplies and solutions, including medical waste management products such as sharps containers.
Johnson & Johnson: Johnson & Johnson is a global healthcare company that produces a range of medical waste management solutions, including sharps containers. These companies compete on the basis of product quality, innovation, price, distribution, and customer service. Many of them also offer a range of other medical waste management solutions and services, such as medical waste collection and disposal, to provide a comprehensive solution for healthcare facilities.
Market Segmentation
The market for sharps containers can be segmented based on different factors such as product type, usage type, waste type, and end-user. Here are the different segments of the sharps containers market:
Product Type: Sharps containers can be segmented into different types based on their design, size, and material. The different types of sharps containers include single-use containers, reusable containers, wall-mounted containers, tabletop containers, and accessories such as liners, lids, and brackets.
Usage Type: Sharps containers can also be segmented based on their intended usage. The different types of usage include patient use, home use, community use, and healthcare facility use.
Waste Type: Sharps containers can be segmented based on the type of waste they are designed to manage. The different waste types include infectious waste, hazardous waste, and non-hazardous waste.
End-user: Sharps containers can also be segmented based on the end-users who utilize them. The end-users can include hospitals, clinics, ambulatory surgical centers, long-term care facilities, pharmacies, pharmaceutical companies, and other healthcare facilities.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Sharps Containers market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Sharps Containers would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Sharps Containers Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Sharps Containers Revenue
1.4 Market Analysis by Type
1.4.1 Global Sharps Containers Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Single-Use Sharps Containers
1.4.3 Reusable Sharps Containers
1.5 Market by Application
1.5.1 Global Sharps Containers Market Share by Application: 2023-2032
1.5.2 Hospitals
1.5.3 Ambulatory Surgical Centers
1.5.4 Research Laboratories
1.5.5 Diagnostic Laboratories
1.5.6 Home Healthcare
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Sharps Containers Market
1.8.1 Global Sharps Containers Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Sharps Containers Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Sharps Containers Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Sharps Containers Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Sharps Containers Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Sharps Containers Sales Volume Market Share by Region (2017-2022)
3.2 Global Sharps Containers Sales Revenue Market Share by Region (2017-2022)
3.3 North America Sharps Containers Sales Volume
3.3.1 North America Sharps Containers Sales Volume Growth Rate (2017-2022)
3.3.2 North America Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Sharps Containers Sales Volume
3.4.1 East Asia Sharps Containers Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Sharps Containers Sales Volume (2017-2022)
3.5.1 Europe Sharps Containers Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Sharps Containers Sales Volume (2017-2022)
3.6.1 South Asia Sharps Containers Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Sharps Containers Sales Volume (2017-2022)
3.7.1 Southeast Asia Sharps Containers Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Sharps Containers Sales Volume (2017-2022)
3.8.1 Middle East Sharps Containers Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Sharps Containers Sales Volume (2017-2022)
3.9.1 Africa Sharps Containers Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Sharps Containers Sales Volume (2017-2022)
3.10.1 Oceania Sharps Containers Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Sharps Containers Sales Volume (2017-2022)
3.11.1 South America Sharps Containers Sales Volume Growth Rate (2017-2022)
3.11.2 South America Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Sharps Containers Sales Volume (2017-2022)
3.12.1 Rest of the World Sharps Containers Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Sharps Containers Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Sharps Containers Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Sharps Containers Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Sharps Containers Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Sharps Containers Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Sharps Containers Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Sharps Containers Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Sharps Containers Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Sharps Containers Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Sharps Containers Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Sharps Containers Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Sharps Containers Sales Volume Market Share by Type (2017-2022)
14.2 Global Sharps Containers Sales Revenue Market Share by Type (2017-2022)
14.3 Global Sharps Containers Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Sharps Containers Consumption Volume by Application (2017-2022)
15.2 Global Sharps Containers Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Sharps Containers Business
16.1 Sharps Compliance
16.1.1 Sharps Compliance Company Profile
16.1.2 Sharps Compliance Sharps Containers Product Specification
16.1.3 Sharps Compliance Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Stericycle
16.2.1 Stericycle Company Profile
16.2.2 Stericycle Sharps Containers Product Specification
16.2.3 Stericycle Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Becton Dickinson
16.3.1 Becton Dickinson Company Profile
16.3.2 Becton Dickinson Sharps Containers Product Specification
16.3.3 Becton Dickinson Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Medtronic
16.4.1 Medtronic Company Profile
16.4.2 Medtronic Sharps Containers Product Specification
16.4.3 Medtronic Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 MarketLab
16.5.1 MarketLab Company Profile
16.5.2 MarketLab Sharps Containers Product Specification
16.5.3 MarketLab Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 GPC Medical
16.6.1 GPC Medical Company Profile
16.6.2 GPC Medical Sharps Containers Product Specification
16.6.3 GPC Medical Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Medu-Scientific
16.7.1 Medu-Scientific Company Profile
16.7.2 Medu-Scientific Sharps Containers Product Specification
16.7.3 Medu-Scientific Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Henry Schein
16.8.1 Henry Schein Company Profile
16.8.2 Henry Schein Sharps Containers Product Specification
16.8.3 Henry Schein Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Dailymag Magnetics
16.9.1 Dailymag Magnetics Company Profile
16.9.2 Dailymag Magnetics Sharps Containers Product Specification
16.9.3 Dailymag Magnetics Sharps Containers Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Sharps Containers Manufacturing Cost Analysis
17.1 Sharps Containers Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Sharps Containers
17.4 Sharps Containers Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Sharps Containers Distributors List
18.3 Sharps Containers Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Sharps Containers (2023-2032)
20.2 Global Forecasted Revenue of Sharps Containers (2023-2032)
20.3 Global Forecasted Price of Sharps Containers (2017-2032)
20.4 Global Forecasted Production of Sharps Containers by Region (2023-2032)
20.4.1 North America Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.3 Europe Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.7 Africa Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.9 South America Sharps Containers Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Sharps Containers Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Sharps Containers by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Sharps Containers by Country
21.2 East Asia Market Forecasted Consumption of Sharps Containers by Country
21.3 Europe Market Forecasted Consumption of Sharps Containers by Countriy
21.4 South Asia Forecasted Consumption of Sharps Containers by Country
21.5 Southeast Asia Forecasted Consumption of Sharps Containers by Country
21.6 Middle East Forecasted Consumption of Sharps Containers by Country
21.7 Africa Forecasted Consumption of Sharps Containers by Country
21.8 Oceania Forecasted Consumption of Sharps Containers by Country
21.9 South America Forecasted Consumption of Sharps Containers by Country
21.10 Rest of the world Forecasted Consumption of Sharps Containers by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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