The Medical Waste Containers Market Size was valued at USD 2.03 billion in 2023 and is expected to reach USD 3.29 billion by 2031, and grow at a CAGR of 6.2% over the forecast period 2024-2031.
The rising interest in medical waste containers is credited to the rising number of medical hospitals in non-industrial nations, expanding patient populace, the rising volume of indicative and lab testing tests, and developing attention to the advantages of medical waste containers in controlling the spread of disease.
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Medical waste containers are utilized to contain organs, tissues, body parts, non-feasible babies, placentas, blood, natural liquids, and other perilous squanders produced by clinics, drug research associations, and drug organizations. With an expansion in innovative work in the drug field and the number of activities and medical procedures around the world, the waste created has additionally expanded.
As Medical waste containers securely contain unsafe clinical waste, these compartments are utilized to ship the loss to the removal site. Securely containing this waste has brought about the avoidance of diseases from openness to the waste.
Drivers
Increasing in the number of healthcare facilities
Research in the organic sciences, drugs, and synthetic compounds
Restraints
The highest cost of the devices
The waste reusing into different items might deliver.
Opportunities
The Device ensures the process properly
Helps to keep clean
Challenges
Lack of medical care infrastructure
Lack of awareness
With the ascent of the Covid-19 effect, some enormous scope organizations and businesses endured, aside from medical services and life support items. The lockdown and physical removal conventions have impacted a huge number of little and enormous business organizations the same. The clinical waste overseeing gadgets market saw slight destruction present the pandemic due to the lockdown and physical separation.
Nonetheless, the key organizations have embraced measures to extend the dispersion of waste administration gear across the globe. Also, individuals are becoming mindful of the hurtful impacts of medical waste and the requirement for viable waste administration. Henceforth, these elements are supposed to support the medical waste administration hardware market esteem in the years to come.
The worldwide Medical waste administration hardware market is arranged into many sections, for example, gear types, squander types, site, and end-client.
By Product
Chemotherapy Containers
Biohazardous Medical Waste Containers
Resource Conservation and Recovery Act (RCRA) Containers
Others
By Waste type
General Medical Waste
Infectious Medical Waste
Hazardous Medical Waste
Others
By End-use
Hospitals & Private Clinics
Diagnostic Laboratories
Research Institutes
Others
North America represented a significant offer in the medical waste administration market in 2023 and is supposed to keep up with its strength during the forecast time frame, attributable to ascend in the pervasiveness of constant sicknesses, presence of central members, expansion in natural mindfulness in regards to squander the board, and expansion in the volume of medical waste in the locale. In any case, Asia-Pacific is supposed to enroll the most elevated CAGR of 7.1% from 2024 to 2031, attributable to increment in the pervasiveness of persistent infections, ascend in geriatric populace, expansion sought after for medical care items and administrations, and ascend in the number of emergency clinics and centers.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Mauser Packaging Solutions, Bemis Manufacturing Company, Henry Schein, Inc., Bondtech Corporation, Daniels Sharpsmart Inc. (Daniels Health), BD, Thermo Fisher Scientific Inc., Cardinal Health, Sharps Compliance Inc., EnviroTain, LLC. and Other Players.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 2.03 Billion |
Market Size by 2031 | US$ 3.29 Billion |
CAGR | CAGR of 6.2% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Product Outlook (Chemotherapy Containers, Biohazardous Medical Waste Containers, Resource Conservation and Recovery Act (RCRA) Containers) • By Waste type Outlook (General Medical Waste, Infectious Medical Waste, Hazardous Medical Waste) • By End-use Outlook (Hospitals & Private Clinics, Diagnostic Laboratories, Research Institutes) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Mauser Packaging Solutions, Bemis Manufacturing Company, Henry Schein, Inc., Bondtech Corporation, Daniels Sharpsmart Inc. (Daniels Health), BD, Thermo Fisher Scientific Inc., Cardinal Health, Sharps Compliance Inc., EnviroTain, LLC. |
DRIVERS | • Increasing in the number of healthcare facilities • Research in the organic sciences, drugs, and synthetic compounds |
Restraints | • The highest cost of the devices • The waste reusing into different items might deliver. |
Ans: The Medical Waste Containers Market is to grow at a CAGR of 6.2% over the forecast period 2024-2031.
An increase in the number of healthcare facilities, and Research in the organic sciences, drugs, and synthetic compounds are all propelling the medical waste container market forward.
North America represented a significant offer in the medical waste administration market and is supposed to keep up with its strength during the forecast time frame.
Bemis Manufacturing Company, Henry Schein, Inc., Bondtech Corporation, Daniels Sharpsmart Inc. (Daniels Health), BD, and Thermo Fisher Scientific Inc. are the key players in the medical waste containers market.
Ans: The medical waste containers market size was valued at US$ 2.03 billion in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Medical Waste Containers Market Segmentation, by Product
8.1 Chemotherapy Containers
8.2 Biohazardous Medical Waste Containers
8.3 Resource Conservation and Recovery Act (RCRA) Containers
9. Global Medical Waste Containers Market Segmentation, by Waste Type
9.1 General Medical Waste
9.2 Infectious Medical Waste
9.3 Hazardous Medical Waste
10. Global Medical Waste Containers Market Segmentation, By End-Use
10.1 Hospitals & Private Clinics
10.2 Diagnostic Laboratories
10.3 Research Institutes
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Bemis Manufacturing Company
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Mauser Packaging Solutions
12.3 Henry Schein, Inc.
12.4 Bondtech Corporation
12.5 Daniels Sharpsmart Inc. (Daniels Health)
12.6 BD
12.7 Thermo Fisher Scientific Inc.
12.8 Cardinal Health
12.9 Sharps Compliance, Inc.
12.10 EnviroTain, LLC.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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