Medical Waste Containers Demand to Expand at a CAGR of 6% by 2032, Unveils Fact.MR Study

 An optimistic projection was forecasted for the worldwide medical waste containers market, which is projected to grow 1.8 times during the assessment period of 2021–2031. The industry is anticipated to reach US$ 20 billion by 2021, with non-infectious waste disposal likely accounting for 40% of the overall demand for medical waste containers.

Due to the growing number of hospitals, rising patient volume, rising number of diagnostic sample testing in labs, and increased awareness of the advantages of hygienic practices in preventing the spread of infection, demand for medical waste containers is developing in emerging nations.

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Key Takeaways

  • Global medical waste containers sales poised to expand at nearly 5.1% CAGR
  • Non-infectious medical waste segment to account for 2/5th global market share
  • Pharmaceutical waste segment expected to account for nearly 22% share
  • North America anticipated to remain lucrative, attributed to the rise in infectious and chronic diseases generating copious amount of medical waste
  • Asia Pacific medical waste container sales expected to expand at nearly 6.1% CAGR
  • By product type, pharmaceutical containers is anticipated to remain dominant

Prominent Drivers

  • Rising prevalence of chronic disease, generating medical waste, to bolster the growth of medical waste containers
  • Increasing volume of pharmaceutical waste from healthcare sector to foster the sales
  • High demand of IV bags and other medical utilities to accelerate the sales of disposable containers
  • Maximum application in medical waste disposal to drive the demand for reusable containers, stimulating medical waste container sales

Competitive Landscape

Key players involved in the market are rigorously investing in the development and launches of new products to gain a competitive advantage and expand their consumer base. Mergers & acquisitions along with diversification of product portfolios are key business strategies implemented by participants in the industry.

  • For instance, Thermo Fisher Scientific Inc. offers the NalgeneTM Biohazardous Waste Containers, which feature a convenient one-step sterilization, involving no need to remove the bag. A port opening in the cover allows for one-handed disposal of materials, limiting exposure to infectious waste. The containers hold standard sized autoclave bags
  • Likewise, EnviroTain LLC offers medical waste containers for biohazardous, chemotherapy, pharmaceutical, RCRA and sharps containers respectively. The company has partnered with leading distributors, including Mauser Packaging, the National Waste & Recycling Association and the Women’s Business Enterprise National Council (WBENC)

Eminent Players

  • Henry Schein Inc.
  • Becton Dickinson & Company (BD)
  • Medtronic Plc.
  • Daniels Health
  • Bemis Manufacturing Company
  • Bondtech Corporation
  • Terra Universal Inc.
  • Thermo Fisher Scientific Inc.
  • EnviroTain LLC
  • Mauser Packaging Solutions
  • Sharps Compliance Inc.

Global medical waste containers market forecast analysis by Fact.MR

 Workflow Optimization

  Product Type

  • Chemotherapy Medical Waste Containers
  • Biohazard Medical Waste Containers
  • RCRA (Resource Conservation and Recovery Act) Medical Waste Containers
  • Pharmaceutical Waste Containers
  • Medical Sharps Waste Containers
    • Patient Room Sharps Containers
    • Phlebotomy Sharps Containers
    • Multipurpose Sharps Containers

  Waste Type

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

  Usage Type

  • Disposable Medical Waste Containers
  • Reusable Medical Waste Containers

  Medical Waste Generators

  • Hospitals
  • Clinics & Physicians’ Offices
  • Pharmaceutical Companies
  • Long Term Care & Urgent Care Centers
  • Pharmacies
  • Other Generators

More Insights on the Medical Waste Containers Market

Fact.MR sheds an in-depth analysis on global medical waste containers market report. In order to gain a better perspective of the global market potential in the upcoming years, the market is segmented on the basis of product type (chemotherapy containers, biohazard medical waste containers, RCRA, pharmaceutical containers, and sharps containers), waste type (infectious & pathological waste, non-infectious waste, radioactive waste, sharps waste, and pharmaceutical waste), usage (disposable containers and reusable containers), medical waste generators (hospitals, clinics & physicians’ offices, pharmaceutical companies, long term care & urgent care centers, pharmacies, and others), and regions (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa)

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