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Reliable Data You Can Trust
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.
The global medical waste containers market was sized nearly 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. 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 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.
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.
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.
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.
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