The global medical waste containers market size is expected to reach USD 2.6 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2020 to 2027. The increasing number of diagnostic laboratories, the increasing number of patients suffering from cancer, the rising number of surgical procedures across the globe, and the recent outbreak of COVID-19 are the key factors driving the market.
Medical Waste Containers Market Report Highlights
- In terms of revenue, the chemotherapy containers segment held the largest share in 2019. The increasing number of patients suffering from cancer is driving the segment over the forecast period
- The general medical waste segment held the largest market share in 2019 owing to the rising number of diagnostics laboratories across the globe
- The hospitals and private clinics segment is anticipated to witness the fastest growth rate over the forecast period owing to the increasing number of hospital admissions due to the recent outbreak of COVID-19
- In Asia Pacific, the market is anticipated to witness the fastest growth over the forecast period owing to the rising number of surgeries and the presence of many local key players
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Medical waste disposal in specific containers is a critical step in maintaining the hygiene and safety standards in hospitals, clinics, and diagnostic laboratories. It ensures that general, infectious, and hazardous hospital remains would not be exposed to the patients as they are transported and managed in a proper systematic way. The recent outbreak of COVID-19 has tremendously increased the volume of hospital remains across the globe.
As per the journal published by the National Center for Biotechnology Information (NCBI) in 2020, as per the guidelines issued by the CDC, domestic and hospital remains from observation wards, fever clinics, special examination rooms, laboratories, and isolation wards, especially the nucleic acid testing laboratories, should be marked as COVID-19 related medical remains, and separate containers printed with “COVID-19 infection” should be affixed. In addition, remains from protective facial masks carrying pathogens has also increased to a great extent. Thus, containers with distinct marks were placed in the hospital’s public areas to collect those abandoned masks. Furthermore, an increase in awareness regarding hospital safety standards and increased investments by hospitals in maintaining their cleanliness is also anticipated to propel market growth over the forecast period.
List of Major Companies in the Medical Waste Containers Market
- BD
- Bemis Manufacturing Company
- Mauser Packaging Solutions
- Bondtech Corporation
- Daniels Sharpsmart Inc. (Daniels Health)
- EnviroTain, LLC.
- Thermo Fisher Scientific Inc.
- Cardinal Health
- Henry Schein, Inc.
- Sharps Compliance, Inc.
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We have segmented the medical waste containers market on the basis of product, type of waste, end-use, and region.
Medical Waste Containers Product Outlook
- Chemotherapy Containers
- Biohazardous Medical Waste Containers
- Resource Conservation and Recovery Act (RCRA) Containers
- Others
Medical Waste Containers Type Of Waste Outlook
- General
- Infectious
- Hazardous
- Others
Medical Waste Containers End-use Outlook
- Hospitals & Private Clinics
- Diagnostic Laboratories
- Research Institutes
- Others
Medical Waste Containers Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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