Europe Sharps Containers Market
Hospitals generate a large amount of waste, so more single-use containers are required. Growing need for waste disposal and management and regulatory compliance for medical waste disposal, increasing surgeries and infections, and surging patient visits to hospitals are driving the sharps container market. The increasing use of sharps with the proliferation of healthcare facilities, rise in surgical procedures, and growing healthcare concerns due to needlestick injuries fuel the demand for sharps disposal products. Several studies found that healthcare facilities still dispose of injections and other sharps waste in open pits or boxes instead of using disposal containers, which in turn increases the need to use effective sharp drop devices in these facilities. The continued development and updating of government policies and initiatives by public/private entities related to waste management will require compliance.
The increasing burden of chronic diseases is leading to a rise in the number of surgical procedures worldwide in which sharp medical instruments such as scalpels, needles, intravenous injections, and other devices are widely used. This is expected to fuel the demand for sharps containers, driving the market. Therefore, with the growing global demand for surgical procedures, the amount of medical waste in hospitals is increasing, boosting demand for sharps containers to dispose of the waste.
The growing prevalence of diseases such as diabetes and the ongoing vaccination campaign against COVID-19 have resulted in a large volume of sharps and sharps waste requiring proper disposal. Regulators in Europe are taking initiatives to introduce favorable and strict guidelines for reusable sharp containers that are environmentally friendly and offer cost-effective features. A survey was conducted in 2020 by Health Care Without Harm (HCWH) Europe to understand waste management practices and challenges in European hospitals. 25 responses were received from 9 countries in Europe, of which nearly 92.0% of respondents had a specific waste sorting and collection training program, and 68.0% of respondents' training program included a strategic plan, promotion of recycling culture, and reuse program and a reduction in packaging as procurement criteria. Such initiatives raise awareness of medical waste management in healthcare facilities, leading to effective medical waste management and subsequently increasing the adoption of sharps containers.
Based on product, the Europe sharps containers market is segmented into multipurpose containers, patient room containers, and phlebotomy containers. The multipurpose containers segment held the largest share of the Europe sharps containers market in 2022.
Based on usage, the Europe sharps containers market is segmented into reusable containers and disposable containers. The reusable containers segment held a larger share of the Europe sharps containers market in 2022.
Based on waste type, the Europe sharps containers market is segmented into infectious waste and non-infectious waste. The infectious waste held a larger share of the Europe sharps containers market in 2022.
Based on waste generators, the Europe sharps containers market is segmented into hospitals, pharmaceutical companies, laboratories, clinics & physician’s offices, and others. The hospitals held the largest share of the Europe sharps containers market in 2022.
Based on container size, the Europe sharps containers market is segmented into 1-3 gallons, 4-6 gallons, 7-8 gallons, and others. The 1-3 gallons held the largest share of the Europe sharps containers market in 2022.
Based on distribution channel, the Europe sharps containers market is segmented into medical supply companies, pharmacies, online sale, and others. The medical supply companies held the largest share of the Europe sharps containers market in 2022.
Based on country, the Europe sharps containers market is segmented into the UK, France, Germany, Spain, Italy, and the Rest of Europe. Germany dominated the Europe sharps containers market in 2022.
Sanypick Plastic SA, Mauser Group NV, Stericycle Inc, and Becton Dickinson and Co are some of the leading companies operating in the Europe sharps containers market.
Strategic insights for the Europe Sharps Containers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 146.20 Million |
| Market Size by 2030 | US$ 208.57 Million |
| Global CAGR (2022 - 2030) | 4.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Sharps Containers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Sharps Containers Market is valued at US$ 146.20 Million in 2022, it is projected to reach US$ 208.57 Million by 2030.
As per our report Europe Sharps Containers Market, the market size is valued at US$ 146.20 Million in 2022, projecting it to reach US$ 208.57 Million by 2030. This translates to a CAGR of approximately 4.5% during the forecast period.
The Europe Sharps Containers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Sharps Containers Market report:
The Europe Sharps Containers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Sharps Containers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Sharps Containers Market value chain can benefit from the information contained in a comprehensive market report.
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