Medical Waste Containers Market

The report "Medical Waste Containers Market by Type of Waste (General, Infectious, Hazardous, Radioactive), Product (Chemotherapy Containers, Biohazardous Medical Waste Containers, Sharps Medical Waste Containers), End User (Hospitals & Private Clinics, Diagnostic Labs, Pharma & Biotech Companies)-Global Forecast to 2027", size is projected to reach USD xx million by 2027 from USD xx million in 2022, at a CAGR of xx% during the forecast period.

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Market is driven by factors such increasing prevalence of hospital acquired infection and the increasing need of the safe and effective containment and decontamination of the biohazards. On the other hand, the dearth of knowledge of proper waste containment is expected to limit market growth to a certain extent in the coming years.

“The general medical waste accounted for the largest market share in the Medical Waste Containers market, type of waste, during the forecast period”

The Medical Waste Containers market is segmented into infectious medical waste, hazardous medical waste, radioactive medical waste, and sharps waste. In 2021, general medical waste dominated the market owing to the vast amount of biowaste generated at the healthcare facilities.

“Chemotherapy containers segment accounted for the largest market share”

Based on Type, the Medical Waste Containers market is segmented into chemotherapy containers, biohazardous medical waste containers, sharps medical waste containers, resource conservation and recovery act (RCRA) containers and others. In 2021, chemotherapy containers dominated the market by type due to the large amount of chemotherapy waste which results after cancer chemotherapy. The increasing burden of cancer drives the large share of the segment.

“APAC region accounted for the highest CAGR”

The global Medical Waste Containers market is divided into five regions: North America, Asia-Pacific, Europe, and Rest of the World. According to the regional analysis, the North America region is likely to retain a significant market share in 2021 and the future. The North America Medical Waste Containers market is being propelled by the increasing amount of the biohazardous wastes from the high volume of surgeries and diagnosis, and the strict regulation and rules for the proper containment of the medical wastes. Asia Pacific, on the other hand, will experience significant growth in the coming years due to the expanding geriatric population, increasing numbers of surgical intervention and the improving management of medical wastes. The major players operating in this market are SHARPS COMPLIANCE, INC. (US), BECTON, DICKINSON AND COMPANY (US), MAUSER GROUP (US), MEDTRONIC (Ireland), and HENRY SHEIN, INC. (US).

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