Report Id: SNS/HC/1062 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Medical Waste Containers Market Size was valued at USD 1.79 billion in 2021 and is expected to reach USD 2.70 billion by 2028, and grow at a CAGR of 6.0% over the forecast period 2022-2028. The rising interest in medical waste containers is credited to the rising number of medical hospitals in non-industrial nations, expanding patient populace, the rising volume of indicative and lab testing tests, and developing attention to the advantages of medical waste containers in controlling the spread of disease.
medical waste containers are utilized to contain organs, tissues, body parts, non-feasible babies, placentas, blood, natural liquids, and other perilous squanders produced by clinics, drug research associations, and drug organizations. With an expansion in innovative work in the drug field and the number of activities and medical procedures around the world, the waste created has additionally expanded.
As Medical waste containers securely contain unsafe clinical waste, these compartments are utilized to ship the loss to the removal site. Securely containing this waste has brought about the avoidance of diseases from openness to the waste.
Increasing in the number of healthcare facilities
Research in the organic sciences, drugs, and synthetic compounds
The highest cost of the devices
The waste reusing into different items might deliver.
The Device ensures the process properly
Helps to keep clean
Lack of medical care infrastructure
Lack of awareness
Impact of COVID-19
With the ascent of the Covid-19 effect, some enormous scope organizations and businesses endured, aside from medical services and life support items. The lockdown and physical removal conventions have impacted a huge number of little and enormous business organizations the same. The clinical waste overseeing gadgets market saw slight destruction present the pandemic due to the lockdown and physical separation.
Nonetheless, the key organizations have embraced measures to extend the dispersion of waste administration gear across the globe. Also, individuals are becoming mindful of the hurtful impacts of medical waste and the requirement for viable waste administration. Henceforth, these elements are supposed to support the medical waste administration hardware market esteem in the years to come.
The worldwide Medical waste administration hardware market is arranged into many sections, for example, gear types, squander types, site, and end-client
By Product Outlook
Biohazardous Medical Waste Containers
Resource Conservation and Recovery Act (RCRA) Containers
By Waste type Outlook
General Medical Waste
Infectious Medical Waste
Hazardous Medical Waste
By End-use Outlook
Hospitals & Private Clinics
Key Market Players
Mauser Packaging Solutions, Bemis Manufacturing Company, Henry Schein, Inc., Bondtech Corporation, Daniels Sharpsmart Inc. (Daniels Health), BD, Thermo Fisher Scientific Inc., Cardinal Health, Sharps Compliance Inc., EnviroTain, LLC.
North America represented a significant offer in the medical waste administration market in 2020 and is supposed to keep up with its strength during the forecast time frame, attributable to ascend in the pervasiveness of constant sicknesses, presence of central members, expansion in natural mindfulness in regards to squander the board, and expansion in the volume of medical waste in the locale. In any case, Asia-Pacific is supposed to enroll the most elevated CAGR of 7.1% from 2022 to 2028, attributable to increment in the pervasiveness of persistent infections, ascend in geriatric populace, expansion sought after for medical care items and administrations, and ascend in the number of emergency clinics and centers.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 1.79 Billion|
|Market Size by 2028||US$ 2.70 Billion|
|CAGR||CAGR of 6.0% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product Outlook (Chemotherapy Containers, Biohazardous Medical Waste Containers, Resource Conservation and Recovery Act (RCRA) Containers)
• By Waste type Outlook (General Medical Waste, Infectious Medical Waste, Hazardous Medical Waste)
• By End-use Outlook (Hospitals & Private Clinics, Diagnostic Laboratories, Research Institutes)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Mauser Packaging Solutions, Bemis Manufacturing Company, Henry Schein, Inc., Bondtech Corporation, Daniels Sharpsmart Inc. (Daniels Health), BD, Thermo Fisher Scientific Inc., Cardinal Health, Sharps Compliance Inc., EnviroTain, LLC.|
|DRIVERS||• Increasing in the number of healthcare facilities
• Research in the organic sciences, drugs, and synthetic compounds
|Restraints||• The highest cost of the devices
• The waste reusing into different items might deliver.
Frequently Asked Questions (FAQ) :
Highest cost of the devices, and the waste reusing into different items might deliver are the main restraints of the medical waste containers market
An increase in the number of healthcare facilities, and Research in the organic sciences, drugs, and synthetic compounds are all propelling the medical waste container market forward.
North America represented a significant offer in the medical waste administration market and is supposed to keep up with its strength during the forecast time frame.
Bemis Manufacturing Company, Henry Schein, Inc., Bondtech Corporation, Daniels Sharpsmart Inc. (Daniels Health), BD, and Thermo Fisher Scientific Inc. are the key players in the medical waste containers market.
The Size of the medical waste containers Market was valued at USD 1.79 billion in 2021.
Table of Contents:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Medical Waste Containers Market Segmentation, by Product
8.1 Chemotherapy Containers
8.2 Biohazardous Medical Waste Containers
8.3 Resource Conservation and Recovery Act (RCRA) Containers
9. Global Medical Waste Containers Market Segmentation, by Waste Type
9.1 General Medical Waste
9.2 Infectious Medical Waste
9.3 Hazardous Medical Waste
10. Global Medical Waste Containers Market Segmentation, By End-Use
10.1 Hospitals & Private Clinics
10.2 Diagnostic Laboratories
10.3 Research Institutes
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Bemis Manufacturing Company
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Mauser Packaging Solutions
12.3 Henry Schein, Inc.
12.4 Bondtech Corporation
12.5 Daniels Sharpsmart Inc. (Daniels Health)
12.7 Thermo Fisher Scientific Inc.
12.8 Cardinal Health
12.9 Sharps Compliance, Inc.
12.10 EnviroTain, LLC.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.