Global Medical Waste Containers Market: Overview

The demand in the global medical waste containers market is projected to increment at a formidable CAGR of 5.1% during the forecast period of 2017 to 2025. The analysts of the report have estimated that the opportunities in this market will translate into a revenue of US$1.4 bn by 2025, substantially up from its evaluated worth of US$954.7 mn in 2016. This prosperity of the medical waste containers market is primarily attributed to growing awareness among hospital facilities and healthcare providers to improve their disposal measures as the lack of it can lead to serious repercussions. Medical waste such as infectious sharps, body fluids and parts, and contaminated blood pose strong potential of infection during medical research, diagnosis, immunization and treatment. A number of government are taking initiatives to spread the awareness and even installing stringent regulations, which is further fueling the adoption of adequate utensils and thereby providing traction to the medical waste containers market.

global medical waste containers market

Pharmaceutical Containers Most Prominent Product Segment

On the basis of product type, the medical waste containers market has been segmented into chemotherapy containers, biohazard medical waste containers, resource conservation and recovery act (RCRA) containers, pharmaceutical containers, and sharps containers, which has been further sub-segmented into patient room sharps containers, phlebotomy sharps containers, and multipurpose sharps containers. In 2017, the pharmaceutical containers segment provided for 30.5% of the total demand in the global medical waste containers market and is projected to expand at a CAGR of 5.7% during the forecast period of 2017 to 2025. The prosperity of this segment can be attributed to the rising number of healthcare facilities across the globe and improved regulations of the government regarding safe disposal of the pharmaceutical waste. RCRA containers segment is expected to witness sluggish growth during 2017-2025, owing to the lack of awareness about specificity of medical waste containers for specific type of wastes in emerging countries. On the other hand, the biohazard medical waste containers segment is poised for the second best growth rate of 5.6% during the said forecast period.

Multispecialty Hospitals Providing for Maximum Demand

In terms of medical waste generators, the medical waste containers market is classified into hospitals, clinics & physicians’ offices, pharmaceutical companies, long term care & urgent care centers, pharmacies, and others. Large quantity of medical waste that is being generated by multispecialty hospitals and growing number of hospitals in the emerging economies are major factors responsible for the healthy growth of the hospitals segment until 2025.

North America to Remain Highly Lucrative Region

Geographically, North America emerged as the most lucrative region in terms of market share in 2017, which is attributable to the rise in prevalence of infectious and chronic diseases that require advanced medical & surgical aids. In addition to that, a number of established players operate out of the U.S. and hence the higher rate of adoption as compared to other countries. Europe has been projected to remain the second most prominent region in the medical waste containers market, due to the rising adoption by healthcare professionals for specific containers for regulated and non-regulated medical waste. However, Asia Pacific is expected to witness highest CAGR during the forecast period, owing to the increasing awareness about medical waste management and significant growth in pharmaceutical sectors in countries such as China, Japan, and India.

Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Sharps Compliance, Inc., Medtronic, Daniels Health, Henry Schein, Inc., Bemis Manufacturing Company, Terra Universal, Inc., Bondtech Corporation, EnviroTain, LLC, and MAUSER Group are some of the prominent players currently ahead of the curve in the global medical waste containers market.

Global Medical Waste Containers Market: Overview

This report on the Global Medical waste containers market analyzes the current and future scenario of the global market. Rise in investments for R&D of novel medical waste containers, and increase in incidence of illness & chronic diseases are boosting the growth of the global medical waste containers market. Establishment of government regulations for environment conservation & safe disposal of medical waste is one of the major factor expected to drive the growth of global medical waste containers market during the forecast period.

The medical waste containers market report comprises an elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the global market with respect to the segments based on product type, usage type, waste type, medical waste generators, and geography. A detailed qualitative analysis of drivers and restraints, opportunities, and trends has been provided in the market overview section. Additionally, the section comprises detailed regulatory scenario of India, U.S., South Africa, Australia, U.K. and Europe in terms of their medical waste segregation, treatment & disposal guidelines. Key mergers and acquisitions and their objectives are provided in the global medical waste containers market, to help understand the competitive landscape in the market. Moreover, the advancements in product development for recent years are provided in the report. This report also provides market attractiveness and its analysis in terms of geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global medical waste containers market.

Global Medical Waste Containers Market: Segmentations

Based on the product type, the global medical waste containers market is classified into chemotherapy containers, biohazard containers, RCRA containers, pharmaceutical containers, sharp containers, and others. The Sharps containers segment is further divided into patient room sharp containers, phlebotomy containers, and multipurpose sharps containers. Pharmaceutical containers segment dominated the medical waste containers market in 2016, and is expected to remain leading throughout the forecast period. The dominance is attributable to the introduction of innovative pharmaceutical waste containers by key players, and increased research activities of pharmaceutical manufacturers.

Different types of waste types in the medical waste containers market are infectious & pathological waste, non-infectious waste, radioactive waste, sharps waste, and pharmaceutical waste. Non-infectious waste accounted for highest revenue in 2016, due to the growth in medical tourism across the globe which is generating huge quantity of non-infectious waste. Non-infectious waste segment is projected to remain dominant during 2017-2025 in terms of revenue.

Based on the usage type, the global medical waste containers market is segmented into reusable containers and disposable containers. The reusable containers accounted for maximum revenue in 2016, owing to the increase in surgical procedures across the globe. The improved waste disposal management in the developing countries is projected to boost the market of disposable containers by 2025.

Various medical waste generators in the global medical waste containers market are hospitals, clinics & physicians’ offices, long term care & urgent care centers, pharmaceutical companies, pharmacies, and others (blood banks, research facilities, medical institutes, etc.). The hospitals held highest value share in 2016, and is likely to remain leading during 2017-2025. The dominance of hospitals is attributable to the rise in the number of patient admissions in the hospitals owing to the favorable insurance coverage. Lack of well-equipped long term care & urgent care centers in the developing economies is one of the major factor for the estimated sluggish growth of this segment during the forecast period.

Global Medical Waste Containers Market: Regional Analysis

Geographically, the global medical waste containers has been categorized into five major regions and the key countries in the respective region: North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy, Russia, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC Countries, Israel, and Rest of Middle East & Africa).

Global Medical Waste Containers Market: Competitive Landscape

The report also profiles major players in the global medical waste containers based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. Major players profiled in this report include Sharps Compliance, Inc., Henry Schein, Inc., Becton, Dickinson and Company, Medtronic, Daniels Health, Bemis Manufacturing Company, Bondtech Corporation, Terra Universal, Inc., Thermo Fisher Scientific, Inc., EnviroTain, LLC, and MAUSER Group.

The Global Medical Waste Containers Market has been segmented as given below:

Global Medical Waste Containers Market, by Product Type,

  • Chemotherapy Containers
  • Biohazard Medical Waste Containers
  • RCRA (Resource Conservation and Recovery Act) Containers
  • Pharmaceutical Containers
  • Sharps Containers
    • Patient Room Sharps Containers
    • Phlebotomy Sharps Containers
    • Multipurpose Sharps Containers
  • Others

Global Medical Waste Containers Market, by Usage Type,

  • Disposable Containers
  • Reusable Containers

Global Medical Waste Containers Market, by Waste Type

  • Infectious & Pathological Waste
  • Non-infectious Waste
  • Radioactive Waste
  • Sharps Waste
  • Pharmaceutical Waste

Global Medical Waste Containers Market, by Medical Waste Generators

  • Hospitals
  • Clinics & Physicians’ Offices
  • Pharmaceutical Companies
  • Long Term Care & Urgent Care Centers
  • Pharmacies
  • Others

Global Medical Waste Containers Market, by Medical Waste Generators

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Rest of Middle East & Africa