Medical waste containers are utilized to dispose of medical waste produced from healthcare facilities. They are designed to seal and contain organs, tissues, items contaminated by blood, medical sharps, biohazardous waste, medication, and radioactive waste accumulated during therapy, medical exploration, testing, and inoculation of patients. These containers are durable, puncture-proof, and chemical-resistant. As a result, they find extensive applications in hospitals, veterinary clinics, tattoo parlors, pharmaceutical companies, and other healthcare facilities.
|Base Year: 2021|
|Forecast Year: 2022-2027|
The global medical waste containers market size 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 Market Trends and Drivers:
The market is primarily driven by the increasing number of hospitals and other healthcare facilities across the globe. In addition, the rising awareness regarding the benefits of proper medical waste management to prevent the spread of infections represents another major growth-inducing factor.
Besides this, there has been a significant rise in the volume of diagnostic and lab testing samples due to the growing prevalence of chronic diseases and the recent onset of coronavirus disease (COVID-19). This, coupled with the implementation of stringent safety and environmental conservation policies for containment and proper waste disposal, is positively influencing the market growth.
Furthermore, the increasing hospital admission rates, improving healthcare infrastructure, rising number of surgeries, and extensive research and development (R&D) activities in the pharmaceutical field are some of the other factors creating a positive market outlook across the globe.
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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.
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
Cardinal Health Inc.
Daniels Sharpsmart Inc.
Henry Schein Inc.
Mauser Packaging Solutions
Medegen Medical Products (Inteplast Group Corporation)
Terra Universal Inc.
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
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
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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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