Request Discount

Medical Waste Containers Market (Product - Chemotherapy Containers, Biohazardous Medical Waste Containers, RCRA (Resource Conservation and Recovery Act) Containers, and Others; Usage - Disposable Containers, and Reusable Containers; Waste Type - General Medical Waste, Infectious Medical Waste, Hazardous Medical Waste, and Others; Medical Waste Generator - Hospitals & Private Clinics, Diagnostic Laboratories, Research Institutes, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : February, 2021

  • Rep Id : HC0720

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the medical waste containers market provides in-depth analysis of segments and sub-segments in the global as well as regional medical waste containers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical waste containers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global medical waste containers market. According to the report, the global medical waste containers market is projected to grow at a CAGR of 5.71% over the forecast period of 2020-2026.


Market Insight

Medical wastes are nothing but the waste generated during immunizations, diagnosis, or treatment procedures at hospitals, clinics, or laboratories. These wastes may include pathological wastes, human blood & blood products, isolation wastes, microbiological waste, and contaminated sharps. Medical waste containers are utilized by waste generators to collect waste generated by healthcare facilities and are available in diverse designs depending upon the type of waste to be collected. Additionally, containers are defined by particular colors and labels to make them distinguishable from others. The global Medical Waste Containers market was sized near USD 1,801.2 million in 2019. The global Medical Waste Containers market is projected to grow with a CAGR of 5.71% during 2020-2026.

 

The growing need for efficient waste disposal is one of the major factors driving the growth of the medical waste containers market globally. Furthermore, growing awareness about waste disposal and establishment of government regulations for the conservation of the environment, and safe disposal of medical waste are the other key factors driving the global medical waste containers market. The appropriate disposal of medical waste prevents the transmission of nosocomial infections to some extent, due to which, surgeons consistently prefer to use particular medical waste containers for disposal of products. Moreover, an increasing incidence of Hospital Acquired Infections (HAIs) owing to the lack of sanitation and precaution is one of the leading aspects contributing to market growth. On the other hand, less awareness associated with the specificity of medical waste disposal containers may hinder the growth of the medical waste containers market to some extent. Moreover, the proper establishment of government regulations for medical waste collection and disposal can increase the demand for medical waste containers over the forecast period.

 

In terms of region, the North American region dominated the global medical waste containers market due to the severe regulatory guidelines by the U.S. Food and Drug Administration. The region is projected to endure its dominance in the coming years mainly due to increasing infections and other diseases. Following North America, the European region is also projected to show steady growth in the medical waste containers market. Growing research in the pharmaceutical sector and the presence of a large number of logistic providers with years of expertise in the region are some of the factors for the growth of the market in this region. In the upcoming years, the Asia Pacific region would show noteworthy growth in the medical waste containers market as it is evolving at a very rapid pace and has shown the appearance of numerous regional players. The factors which would fuel the growth of the medical waste containers market in the Asia Pacific are growing healthcare infrastructure and rapid development of the healthcare infrastructure across the Asian countries. The medical waste containers market would evolve at a rapid rate across the regions.



Medical Waste Containers Market

 

Segment Covered

The report on the global medical waste containers market covers segments such as product, usage, waste type, and medical waste generator. On the basis of product, the sub-markets include chemotherapy containers, biohazardous medical waste containers, RCRA (resource conservation and recovery act) containers, and others. On the basis of usage, the sub-markets include disposable containers and reusable containers. On the basis of waste type, the sub-markets include general medical waste, infectious medical waste, hazardous medical waste, and others. On the basis of medical waste generator, the sub-markets include hospitals & private clinics, diagnostic laboratories, research institutes, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Sharps Compliance, Inc., Becton, Dickinson and Company, MAUSER Group, Henry Schein, Inc., Medtronic, Daniels Health, Bemis Manufacturing Company, Bondtech Corporation, and Terra Universal, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the medical waste containers market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount