Sharps Containers Market - Snapshot

Sharps containers, also known as sharps bins, are hard plastic containers that are used by various medical waste generators to safely dispose metal sharps waste such hypodermic needles, syringes, and other sharp medical instruments such as disposable scalpels and IV catheters. The global sharps containers market was valued at approximately US$ 450.0 Mn in 2016, and is expected to reach US$ 660.9 Mn by 2025. The market is anticipated to expand at a CAGR of 4.4% during the forecast period. Stringent government regulatory policies for the safe disposal of metal sharps in developed countries is projected to boost the global sharps containers market during the forecast period.

Key players are investing in the development & commercialization of sharps containers to reduce incidences of infectious disorders caused due to improper disposal methods of metal sharps by health care workers. In February 2018, Becton, Dickinson and Company, a leading sharps containers manufacturer, launched a new program to help ensure proper containment of household sharps in Los Angeles (the U.S.). Rise in number of surgical procedures which generate significant amount of sharps waste are estimated to boost the sharps containers market by 2025. However, lack of awareness about proper methods of sharps waste containment & disposal in developing nations is likely to hamper the sharps containers market during the forecast period.

global sharps containers market

The global sharps containers market is segmented on the basis of product type, usage type, waste type, medical waste generators, distribution channel, size, and region. In terms of product type, the global sharps containers market is divided into patient room containers, phlebotomy containers, and multipurpose containers. Multipurpose containers accounted for the largest share of the market in 2016, and is estimated to continue to dominate the market during the forecast period. Rise in demand for sharps containers by large quantity waste generators such as hospitals and ambulatory surgical centers is expected to boost the multipurpose containers segment during the forecast period. Based on waste type, the global sharps containers market is classified into infectious & pathological waste, sharps waste, pharmaceutical waste, and non-infectious & other waste types. In 2016, the sharps waste segment dominated the market with highest revenue, due to improved regulatory policies by governments for safe disposal of contaminated sharps.  However, the non-infectious & other waste types segment is projected to expand at a significant CAGR from 2017 to 2025. The medical waste generators segment is divided into hospitals, clinics & physician’s offices, pharmaceutical companies, long-term care & urgent care centers, pharmacies, and others. The hospitals segment accounted for the highest share of the market in 2016. Rise in hospitalizations across the globe due to favorable reimbursement policies in private and public hospitals is estimated to increase the amount of sharps waste in hospitals. This, in turn, is expected to drive the segment by 2025.

In terms of usage type, the global sharps containers market is bifurcated into disposable and reusable. The reusable segment is anticipated to expand at a rapid pace during the forecast period, which is attributable to the efficient distribution network of reusable sharps containers manufacturers. Based on distribution channels, the global sharps containers market is categorized into direct sale, online sale, and retail sale. The direct sale segment is anticipated to expand at a significant growth rate from 2017 to 2025. Expansion of the segment can be attributed to the rise in preference for direct purchase of sharps containers in bulk quantity by medium and large quantity waste generators across the globe. In terms of container size, the global sharps containers market is classified into 1-2 gallons, 2-4 gallons, 4-8 gallons, and other sizes. The 1-2 gallons segment accounted for the largest share of the market in 2016, due to rise in adoption for pocket sharps containers in developed countries. However, emergence of local & regional players in the sharps containers market to cater to the high unmet needs by small & medium quantity waste generators is estimated to drive the 2-4 gallons segment by 2025.

Geographically, the global sharps containers market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global sharps containers market in 2016 due to rise in adoption of sharps management service offered by key sharps containers manufacturers in the U.S. Europe accounted for the second largest share of the market in 2016. However, increase in usage of metal sharps in Asia due to rise in surgical procedures is estimated to fuel the market in Asia Pacific. The market in the region is estimated to expand at the highest CAGR during the forecast period. The market in Latin America is projected to expand owing to the emergence of medical tourism in Brazil & Mexico, which generates large amount of sharps waste.

Key companies operating in the global sharps containers market and profiled in the report include Medtronic, Becton, Dickinson and Company, Daniels Health, Sharps Compliance, Inc., MAUSER, EnviroTain, LLC, Bondtech Corporation, Bemis Manufacturing Company, and Henry Schein, Inc.

Global Sharps Containers Market: Overview

Sharps containers, also known as sharps bins, are hard plastic containers that are used by medical waste generators to safely collect and dispose of sharps waste. Sharps containers are utilized for contaminated hypodermic needles, syringes, and other metal objects such as scalpels and IV catheters. Rising usage of metal sharps in surgical procedures is a major driving factor for the global sharps containers market. According to the WHO, approximately 16 billion injections are administered every year and not all sharps are disposed of safely, creating a high risk of infections. Initiatives taken by various public and private players to spread awareness about safe collection and disposal of sharps waste and improved distribution network of key manufacturers in developing countries are major factors estimated to drive the global sharps containers market from 2017 to 2025.

This report on the global sharps containers market comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to segments based on product type, waste type, medical waste generator, usage type, distribution channel, container size, and geography. A detailed analysis of regulatory scenario for sharps containers is provided in the report along with the top three players operating in the global market. Key potential customers of sharps containers are provided in the report, which include sharps waste management service providers, health care facilities, and pharmaceutical companies. Prominent mergers and acquisitions in the global sharps containers market are mentioned for better understanding of the competition scenario in the market. The report comprises pricing analysis of each product type and prominent companies with their regional analysis. Technological advancements in sharps containers are provided with detailed updates of the global market along with opportunity analysis of the market. A detailed summary of vendors, distributors, and key manufacturers is provided in the report. An overview of the global medical waste containers sector for 2016 is provided, with a focus on the sharps containers market. A detailed qualitative analysis of drivers and restraints for the market and opportunities has been provided in the market overview section. In addition, the section comprises competition matrix and company profiles with business overview aimed to help understand the competition landscape of the market. This section of the report also provides market attractiveness analysis, by geography, and market share analysis, by key player; thereby presenting a thorough analysis of the overall competition scenario of the global sharps containers market.

Global Sharps containers Market: Key Segments

The global sharps containers market has been segmented in terms of product type, usage type, waste type, medical waste generator, distribution channel, and container size. Based on product type, the global sharps containers market has been segmented into patient room containers, phlebotomy containers, and multipurpose containers. Based on waste type, the market has been classified into infectious & pathological waste, sharps waste, pharmaceutical waste, and non-infectious & other waste. Various types of medical waste generators are hospitals, clinics & physician’s offices, pharmaceutical companies, long-term care & urgent care centers, pharmacies, and others. In terms of usage type, the global sharps containers market has been divided into disposable containers and reusable containers. Based on distribution channel, the market has been divided into direct sale, online sale, and retail sale. In terms of container size, the global sharps containers market has been classified into 1–2 gallons, 2–4 gallons, 4–8 gallons, and others.

All segments have been analyzed based on launch of new products, regional demand for products, regulatory policies regarding medical waste management, and ongoing R&D of sharps containers. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025 along with their respective CAGRs for the period from 2017 to 2025, considering 2016 as the base year.

Global Sharps containers Market: Regional Outlook

Geographically, the global sharps containers market has been categorized into five major regions and key countries/sub-regions in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC, Israel, and Rest of Middle East & Africa). The market size and forecast for each of these regions and countries/sub-regions have been provided for the period from 2015 to 2025 along with their respective CAGRs for the forecast period (from 2017 to 2025), considering 2016 as the base year. The research study also covers the competition scenario in these regions.

Companies Mentioned in Report

The report also profiles major players operating in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in this report on the global sharps containers market are Medtronic, Becton, Dickinson and Company, Daniels Health, Sharps Compliance, Inc., MAUSER, EnviroTain, LLC, Bondtech Corporation, Bemis Manufacturing Company, and Henry Schein, Inc.

The global sharps containers market has been segmented as follows:

Sharps Containers Market, by Product Type

  • Patient Room Containers
  • Phlebotomy Containers
  • Multipurpose Containers

Sharps Containers Market, by Waste Type

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

Sharps Containers Market, by Medical Waste Generator

  • Hospitals
  • Long-term Care & Urgent Care Centers
  • Clinics & Physician’s Offices
  • Pharmaceutical Companies
  • Pharmacies
  • Others

Sharps Containers Market, by Usage Type

  • Disposable Containers
  • Reusable Containers

Sharps Containers Market, by Distribution Channel

  • Direct Sale
  • Online Sale
  • Retail Sale

Sharps Containers Market, by Container Size

  • 1–2 Gallons
  • 2–4 Gallons
  • 4–8 Gallons
  • Others

Sharps Containers Market, by Geography

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