Sharps Containers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Sharps Containers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : February, 2023 | Medical Devices

Report Digest

Global Sharps Containers Market: Overview

The demand within the global sharps containers market is slated escalate in the years to follow. The medical and healthcare industries are characterised by strict procedures to ensure safety and wellbeing of practitioners, staff, and patients. The healthcare industry takes premium care in ensuring that all the treatment procedures are handled with care and precision. In this quest, the industry stipulates several rules and regulations for various domains within healthcare. Management and storage of surgical tools and aids is an important area within healthcare. The need to protect these tools from rusting and other external attacks has created tremendous demand within the global sharps containers market. There is a wide range of possibilities for storing surgical aids, and air-tight containers are amongst the most feasible options.

A syndicate review on the global sharps containers market unravels an array of factors responsible for the growth of the global market. The global sharps containers market can be segmented on the basis of end-use, product type, usage, and region. The use of patient room containers has increased by leaps and bounds in recent times. This trend can be attributed to stipulation of strict safety procedures across the worldwide healthcare industry.

Global Sharps Containers Market: Notable Developments

The growth of the global sharps market has compelled the vendors to come up with new strategies for business development.

  • The global sharps containers market suffered a setback when the city of Parksville shunned the use of sharps disposal containers, that were later picked up by Island Health. The growing trend of avoiding plastic materials has led to the development of containers made from biodegradable materials. Therefore, a new vertical of products has been introduced within the global sharps containers market.
  • Sale of sharps containers to the medical industry follows an extensive supply chain. The containers have to undergo several nodes of approval and testing before they are finally used in the industry. Therefore, the presence of a robust supply chain is a strong value proposition for the vendors operating in the global sharps containers market.

Some of the prominent players in the global sharps containers market are:

  • Bondtech Corporation
  • Thermo Fisher Scientific Inc.
  • Henry Schein, Inc.
  • MAUSER Group
  • Stericycle
  • EnviroTain, LLC

Global Sharps Containers Market: Growth Drivers

  • Need for Invasive Procedures within Healthcare

    Rising incidence of chronic illnesses has led to an increase in the annual number of surgeries. It evident that an increase in surgical procedures across medical facilities would also increase the need for surgical aids such as forceps, blades, and incision tools. Therefore, the total volume of revenues within the global sharps containers market is slated to rise in the coming years. Several cases of medical negligence have resulted in severe complications during surgical procedures. Therefore, the medical industry is required to follow strict standards for handling and storing sharp objects during surgical procedures.

  • Use of Sharps Containers in Multiple Industries

    The use of sharps containers is not limited to the healthcare industry, and there are other key consumers of these containers. Storage of sharp objects in households is a matter of concern for parents. The need to prevent children as well as adults from coming in contact with sharps has led to increased demand within the market. Furthermore, sharps containers are also used by travellers to store several point-size objects such as needles, pins, and blades. There is little contention about the inflow of robust revenues within the global sharps containers market.

The global sharps containers market can be segmented by:

Product Type

  • Multipurpose Containers
  • Patient Room Containers
  • Phlebotomy Containers

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The reports offer answers to the top 7 questions that revolve around the growth of the market

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  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?