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Report Scope & Overview

Sharps Containers Market size was valued at USD 448.25 Million in 2022 and is expected to reach USD 618.20 Million By 2030 and grow at a CAGR of 4.1% over the forecast period of 2023-2030.

The market for containers used for the secure disposal of sharps waste is referred to as the "Sharps Containers Market." Needles, syringes, lancets, and scalpel blades are examples of medical instruments with sharp edges or points that should be disposed of correctly. If not, they might injure patients or spread infectious illnesses. Sharps containers are made specifically to collect and store sharps waste in a secure manner. They often include a closed cap to avoid spillage and inadvertent needlestick injuries and are composed of puncture-resistant materials like stiff plastic or metal. To accommodate varied healthcare environments, including hospitals, clinics, labs, pharmacies, and other healthcare institutions, these containers are offered in a variety of sizes and kinds. Due to a number of factors, the Sharps Containers market has experienced a tremendous expansion in recent years. The demand for sharps containers is being driven by an increase in the prevalence of chronic diseases requiring ongoing medical treatment, rising awareness of safe disposal techniques, strict regulations and guidelines regarding the management of sharps waste, and growing worries about infections linked to healthcare.

Sharps Containers Market Revenue Analysis

The sharps container market is divided into segments based on type, container size, application, and geography. It is divided into three categories based on container size: 1-2 gallons, 2-4 gallons, and 4–8 gallons. It is divided into single-use containers and reusable containers based on usage. Additionally, the market is examined on a regional basis throughout North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics
Drivers

  • An increase in the usage of medical treatments like injections and routine monitoring has been brought on by the increased prevalence of chronic illnesses, including diabetes, cancer, and autoimmune disorders.

  • strict guidelines and regulations.

To stop injuries and the spread of diseases, governments and regulatory agencies have put rigorous rules and standards into place regarding the proper disposal of sharps waste. Sharps containers are increasingly being used in healthcare settings as a result of these requirements.

Restrain

  • Even when properly collected and kept in sharps containers, the disposal of sharps waste might pose environmental difficulties.

  • Limited Options for Recycling.

Even if certain sharps containers are made to be recycled or reused, there may not be many recycling programmes for sharps containers in some places. Lack of appropriate recycling choices may make it more difficult to dispose of garbage and reduce waste output.

Opportunity 

  • The cost of healthcare globally is rising as a result of population growth, ageing populations, and improvements in medical Container Size.

  • Technological Progress.

Sharps container design and functioning have room for improvement because of ongoing technological developments. For example, including smart Container Size like electronic tracking systems or IoT-enabled features can improve the safety, oversight, and traceability of the disposal of sharps waste. Adopting new technologies can create new opportunities for market expansion and distinctiveness.

Challenge

  • Although cost-effectiveness is a barrier, safety and compliance are of the utmost importance in the handling of sharps waste.

  • Education and Compliance.

It can be difficult to ensure full compliance with sharps waste management standards and guidelines, especially in a variety of healthcare settings. Healthcare employees and professionals need to get enough training and education on safe disposal techniques, including the right handling of sharps containers. For compliance to be encouraged and the danger of accidents or illnesses to be reduced, ongoing education and training programmes are crucial.

Impact of the Ukraine-Russia War

Uncertainty in the world's economy and politics has intensified as a result of the military war in Ukraine. Additionally, governments in the United States, United Kingdom, and European Union have all imposed export restrictions on specific products as well as financial and economic sanctions on specific business sectors and political parties in Russia. In the future, restrictions and penalties might be implemented. We are still keeping a close eye on the situation in Russia and Ukraine and evaluating how it may affect our business, including our suppliers and clients. Since we don't have any manufacturing facilities or significant operations in Russi a or Ukraine, the crisis hasn't had a material effect on our operations, financial situation, or business to date. Geopolitical events may also have an effect on our operations. Because of how little our businesses in both nations significantly affect our financial performance, the situation between Russia and Ukraine had little impact on our operational results in 2022. However, the continued conflict between Russia and Ukraine on the battlefield. The world economy may become even more unstable as a result of an expansion of the conflict's current fronts, which could also worsen supply-chain issues including the price and shortage of fuel and inflationary pressures.

 Impact of Ongoing Recession

Macroeconomic trends and general global economic downturns, such as increased inflation, capital market volatility, interest rate and currency rate fluctuations, as well as an economic slowdown or recession, may produce unfavourable conditions that could harm demand for our products and exacerbate some of the other risks we face. hazards that impact our operations, finances, and the results of a business. Inflation rates in the United States and other countries where we do business were significantly pressured in the fiscal year 2022, and it is currently anticipated that this trend will continue for the foreseeable future.

Additionally, the Federal Reserve in the United States and other central banks in other countries have raised interest rates and may do so again due to concerns about inflation. This could lead to an increase in economic uncertainty, along with declining government spending and market volatility. escalating the risks. Increases in interest rates or other government programmes to control inflation may potentially cause recessionary pressures. Furthermore, the reported values of our assets and liabilities as well as our cash flows have been impacted by recent volatility in foreign exchange rates, and they may continue to be impacted.

Market Segmentation

By Type

  • Phlebotomy Containers

  • Patient Room Containers

  • Multipurpose Containers

By Container Size

  • 1-2 Gallons

  • 2-4 Gallons

  • 4-8 Gallons

By Usage

  • Single-Use Containers

  • Reusable Containers

Sharps Containers Market Segmentation Analysis

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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 the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Regional Analysis

North America: North America has a well-established healthcare system and strict rules for disposing of sharps waste. Due to the high prevalence of chronic illnesses, rising healthcare costs, and increasing public knowledge of proper disposal methods, the area has a mature market for sharps containers. With a strong emphasis on compliance and safety regulations, the United States is a large market in the area.

Asia Pacific: The healthcare industry is expanding quickly in the Asia-Pacific area as a result of factors including population growth, rising healthcare costs, and better infrastructure. In nations like China, India, and Japan, the market is expanding significantly. Sharps containers are in high demand in the area due to growing awareness of infection prevention and the necessity for proper sharps disposal.

Key Players

The major key players are GPC Medical, HenrySchein, Harloff, EnviroTain, BemishHealthcare, Cardinal Health, Becton, Dickinson and Company, BondTech Corporation, Stericycle, Thermo Fischer Scientific. and others the final reports list additional participants.

HenrySchein-Company Financial Analysis

Recent Development

Novo Nordisk: In order to provide patients who, self-inject or self-test at home with needles with secure collection, transportation, disposal, and recycling choices, PureWay teamed up with pharmaceutical companies and medical device companies like Novo Nordisk and Ultimed Inc. in 2022.

Global Tank: In order to strengthen its position in the Italian market, Mauser Packaging Solutions purchased Global Tank Srl through the joint venture NCG-Maider in 2021.

Sharps Containers Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 448.25 Mn
Market Size by 2030  US$ 618.20 Mn
CAGR   CAGR of 4.1% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Phlebotomy Containers, Patient Room Containers, Multipurpose Containers)
• By Container Size (1-2 Gallons, 2-4 Gallons, 4-8 Gallons)
• By Usage (Single-Use Containers, Reusable Containers)
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 GPC Medical, HenrySchein, Harloff, EnviroTain, BemishHealthcare, Cardinal Health, Becton, Dickinson and Company, BondTech Corporation, Stericycle, Thermo Fischer Scientific.
Key Drivers • An increase in the usage of medical treatments like injections and routine monitoring has been brought on by the increased prevalence of chronic illnesses, including diabetes, cancer, and autoimmune disorders.
• strict guidelines and regulations.
Market Opportunities • The cost of healthcare globally is rising as a result of population growth, ageing populations, and improvements in medical Container Size.
• Technological Progress.

 

Frequently Asked Questions

Ans: The Sharps Containers Market size was valued at USD 448.25 Million in 2022

Ans: The Sharps Containers Market is to grow at 4.1% Over the Forecast Period 2023-2030.

Ans: The Sharps Containers Market is to Hit USD 618.20 Million by 2030.

Ans: Sharps contaminated with a patient's blood can spread more than 20 diseases, including hepatitis B and C and the human immunodeficiency virus (HIV).

Ans: The major key players are GPC Medical, HenrySchein, Harloff, EnviroTain, BemishHealthcare, Cardinal Health, Becton, Dickinson and Company, BondTech Corporation, Stericycle, Thermo Fischer Scientific. and others.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1Impact of the Ukraine-Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Global Sharps Containers Market Size Segmentation, By Type
8.1 Phlebotomy Containers
8.2 Patient Room Containers
8.3 Multipurpose Containers

9. Global Sharps Containers Market Size Segmentation, By Container Size
9.1 1-2 Gallons
9.2 2-4 Gallons
9.3 4-8 Gallons

10. Global Sharps Containers Market Segmentation, By End Usage
10.1 Single-Use Containers
10.2 Reusable Containers

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Sharps Containers Market by Country
11.2.2 North America Sharps Containers Market by Type
11.2.3 North America Sharps Containers Market by Container Size
11.2.4 North America Sharps Containers Market by End Usage
11.2.5 USA
11.2.5.1 USA Sharps Containers Market by Type
11.2.5.2 USA Sharps Containers Market by Container Size
11.2.5.3 USA Sharps Containers Market by End Usage
11.2.6 Canada
11.2.6.1 Canada Sharps Containers Market by Type
11.2.6.2 Canada Sharps Containers Market by Container Size
11.2.6.3 Canada Sharps Containers Market by End Usage
11.2.7 Mexico
11.2.7.1 Mexico Sharps Containers Market by Type
11.2.7.2 Mexico Sharps Containers Market by Container Size
11.2.7.3 Mexico Sharps Containers Market by End Usage
11.3 Europe
11.3.1 Europe Sharps Containers Market by Country
11.3.3.2 Europe Sharps Containers Market by Type
11.3.3 Europe Sharps Containers Market by Container Size
11.3.4 Europe Sharps Containers Market by End Usage
11.3.5 Germany
11.3.5.1 Germany Sharps Containers Market by Type
11.3.5.2 Germany Sharps Containers Market by Container Size
11.3.5.3 Germany Sharps Containers Market by End Usage
11.3.6 UK
11.3.6.1 UK Sharps Containers Market by Type
11.3.6.2 UK Sharps Containers Market by Container Size
11.3.6.3 UK Sharps Containers Market by End Usage
11.3.7 France
11.3.7.1 France Sharps Containers Market by Type
11.3.7.2 France Sharps Containers Market by Container Size
11.3.7.3 France Sharps Containers Market by End Usage
11.3.8 Italy
11.3.8.1 Italy Sharps Containers Market by Type
11.3.8.2 Italy Sharps Containers Market by Container Size
11.3.8.3 Italy Sharps Containers Market by End Usage
11.3.9 Spain
11.3.9.1 Spain Sharps Containers Market by Type
11.3.9.2 Spain Sharps Containers Market by Container Size
11.3.9.3 Spain Sharps Containers Market by End Usage
11.3.10 The Netherlands
11.3.10.1 Netherlands Sharps Containers Market by Type
11.3.10.2 Netherlands Sharps Containers Market by Container Size
11.3.10.3 Netherlands Sharps Containers Market by End Usage
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Sharps Containers Market by Type
11.3.11.2 Rest of Europe Sharps Containers Market by Container Size
11.3.11.3 Rest of Europe Sharps Containers Market by End Usage
11.4 Asia-Pacific
11.4.1 Asia Pacific Sharps Containers Market by Country
11.4.2 Asia Pacific Sharps Containers Market by Type
11.4.3 Asia Pacific Sharps Containers Market by Container Size
11.4.4 Asia-Pacific Sharps Containers Market by End Usage
11.4.5 Japan
11.4.5.1 Japan Sharps Containers Market by Type
11.4.5.2 Japan Sharps Containers Market by Container Size
11.4.5.3 Japan Sharps Containers Market by End Usage
11.4.6 South Korea
11.4.6.1 South Korea Sharps Containers Market by Type
11.4.6.2 South Korea Sharps Containers Market by Container Size
11.4.6.3 South Korea Sharps Containers Market by End Usage
11.4.7 China
11.4.7.1 China Sharps Containers Market by Type
11.4.7.2 China Sharps Containers Market by Container Size
11.4.7.3 China Sharps Containers Market by End Usage
11.4.8 India
11.4.8.1 India Sharps Containers Market by Type
11.4.8.2 India Sharps Containers Market by Container Size
11.4.8.3 India Sharps Containers Market by End Usage
11.4.9 Australia
11.4.9.1 Australia Sharps Containers Market by Type
11.4.9.2 Australia Sharps Containers Market by Container Size
11.4.9.3 Australia Sharps Containers Market by End Usage
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Sharps Containers Market by Type
11.4.10.2 APAC Sharps Containers Market by Container Size
11.4.10.3 APAC Sharps Containers Market by End Usage
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Sharps Containers Market by Country
11.5.2 The Middle East & Africa Sharps Containers Market by Type
11.5.3 The Middle East & Africa Sharps Containers Market by Container Size
11.5.4 The Middle East & Africa Sharps Containers Market by End Usage
11.5.5 Israel
11.5.5.1 Israel Sharps Containers Market by Type
11.5.5.2 Israel Sharps Containers Market by Container Size
11.5.5.3 Israel Sharps Containers Market by End Usage
11.5.6 UAE
11.5.6.1 UAE Sharps Containers Market by Type
11.5.6.2 UAE Sharps Containers Market by Container Size
11.5.6.3 UAE Sharps Containers Market by End Usage
11.5.7 South Africa
11.5.7.1 South Africa Sharps Containers Market by Type
11.5.7.2 South Africa Sharps Containers Market by Container Size
11.5.7.3 South Africa Sharps Containers Market by End Usage
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Sharps Containers Market by Type
11.5.8.2 Rest of Middle East & Asia Sharps Containers Market by Container Size
11.5.8.3 Rest of Middle East & Africa Sharps Containers Market by End Usage
11.6 Latin America
11.6.1 Latin America Sharps Containers Market by Country
11.6.2 Latin America Sharps Containers Market by Type
11.6.3 Latin America Sharps Containers Market by Container Size
11.6.4 Latin America Sharps Containers Market by End Usage
11.6.5 Brazil
11.6.5.1 Brazil Sharps Containers Market by Type
11.6.5.2 Brazil Africa Sharps Containers Market by Container Size
11.6.5.3 Brazil Sharps Containers Market by End Usage
11.6.6 Argentina
11.6.6.1 Argentina Sharps Containers Market by Type
11.6.6.2 Argentina Sharps Containers Market by Container Size
11.6.6.3 Argentina Sharps Containers Market by End Usage
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Sharps Containers Market by Type
11.6.7.2 Rest of Latin America Sharps Containers Market by Container Size
11.6.7.3 Rest of Latin America Sharps Containers Market by End Usage

12. Company profile
12.1 GPC Medical
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 HenrySchein
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Harloff
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 EnviroTain
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 BemishHealthcare
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Cardinal Health
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Becton
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Dickinson and Company
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 BondTech Corporation
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Thermo Fischer Scientific.
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments

14. Used Cases and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete 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 at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of 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 university as well as individual libraries.

Secondary Research

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.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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