Sharp Container Market Size 2021

Pune, India, April 22, 2021 (GLOBE NEWSWIRE) – The growing need for efficient waste management is a key factor driving the global “sharp container market“, Says Fortune Business Insights in a report titled” Sharp container market size, share and industry analysis, by product type (multipurpose containers, patient room containers, phlebotomy containers), by waste producers (hospitals, other healthcare providers, pharmacies , academic institutions) and research institutes, pharmaceutical companies and others), by use (reusable containers and disposable containers), by type of waste (sharp waste, infectious waste, non-infectious waste and pharmaceutical waste), by size (1- 2 gallons, 2–4 gallons, 4–8 gallons and others) and regional forecast, 2019-2026. ”

The global sharp object container market is estimated at $ 449.1 million in 2018, and is expected to reach $ 624.1 million by 2026 with a CAGR of 4.2%. According to the report, growing awareness of hazardous waste is expected to help grow the global sharp container market. For example, according to the World Health Organization, 16 million injections are used worldwide each year, but they lack adequate disposal. In addition, of the total medical waste produced, 85% consists of general, non-hazardous waste and 15% of hazardous waste. This generated waste contains harmful microorganisms that pose a threat to the environment as well as healthcare professionals.

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The report focuses on providing the best information, an explanatory study consisting of various aspects enabling the competencies of key players to remain consistent in the global sharp object container market. The report also details recent innovations and industrial developments in the global sharps container market

Growing government initiatives related to medical waste management will enable growth

The growing need for efficient medical waste management is expected to increase revenue in the global sharps container market over the forecast period. Growing government efforts to implement guidelines for the efficient disposal of medical waste will spur the growth of the global sharps container market. For example, the World Health Organization (WHO), along with other regulatory bodies in countries around the world, has set standard guidelines for the disposal and management of biomedical waste. It has become a mandate for all pharmaceutical companies, research institutes, hospitals and other health care providers to adhere to a set of guidelines given by governing bodies.

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PureWay’s partnership with safe needle disposal will favor growth

PureWay, a health-focused organization specializing in medical waste management and compliance solutions, has announced its partnership with Safe Needle Disposition, a nonprofit organization dedicated to educating the public about safe needle disposal programs. Sharp blade injectors at home will provide access to user-friendly information and regulatory experts to help answer all their sharp blade questions. They will also dispose of needles responsibly and affordably with the new Needle Disposal. The introduction of At-home sharps injectors will support the growth of global sharps containers over the forecast period.

In addition, the acquisition of Daniels Healthcare Group by MAUSER is expected to create new growth opportunities in the global sharps container market. For example, the MAUSER Group announced the acquisition of the Daniels Healthcare Group. Daniels Healthcare manufactures and sells medical waste containers for hospitals, clinics and the clinical waste industry.

The market for fast purchases of containers for sharp products

The main players operating in the global sharp object container market are:

  • Sharps Compliance, Inc.
  • EnviroTain, LLC.
  • Bondtech Corporation
  • MAUSER Group
  • Daniels Healthcare Group
  • Henry Schein, Inc.
  • Thermo Fisher Scientific Inc.
  • Stericycle
  • GPC Medical
  • Other prominent players

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  • Introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market drivers
    • Market restrictions
    • Market opportunities
  • Key insights
    • Price analysis – for key countries
    • Overview of the adoption / use of sharps containers – for key countries
    • Review of guidelines for the disposal of medical and hazardous waste
    • Key industrial developments – mergers, acquisitions and partnerships, 2018

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