Sharps Containers Global Market is Projected to Reach $788.7 Million by 2030: Rising Diabetic Population Continues to Drive Demand


Dublin, June 19, 2023 (GLOBE NEWSWIRE) -- The "Sharps Containers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Sharps Containers estimated at US$510.2 Million in the year 2022, is projected to reach a revised size of US$788.7 Million by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.

Multipurpose Containers, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$353.5 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Patient Room Containers segment is readjusted to a revised 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $181.2 Million, While China is Forecast to Grow at 7.7% CAGR

The Sharps Containers market in the U.S. is estimated at US$181.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$114.9 Million by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.8% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$85 Million by the year 2030.

Select Competitors (Total 56 Featured) -

  • Bemis Manufacturing Company
  • Bondtech Corporation
  • Cardinal Health, Inc.
  • EnviroTain
  • GPC Medical Ltd.
  • Henry Schein, Inc.
  • Medtronic PLC
  • Sharps Compliance, Inc.
  • Stericycle, Inc.
  • The Harloff Company, Inc.

Key Attributes:

Report AttributeDetails
No. of Pages251
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$510.2 Million
Forecasted Market Value (USD) by 2030$788.7 Million
Compound Annual Growth Rate5.6%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal
  • Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • How COVID-19 Impacted Healthcare & What's In Store for Future?
  • Missed Cancer Diagnosis in U.S. as of June 2020
  • % Reduction in OR Volumes in the US: Mar 2020-July 2020
  • Cumulative Surgery Cancellations Worldwide (In Million)
  • With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Healthcare Spending as % of GDP (2019 & 2030F)
  • COVID-19 and Postponement of Elective Surgeries
  • Competitive Scenario
  • Sharps Containers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Global Sharps Containers Market Exudes Signs of Robust Health: Prospects & Outlook
  • Sharps Containers Market Sails through the COVID-19 Pandemic
  • Analysis by Container Type
  • Analysis by Container Size
  • Analysis by End-User
  • Regional Analysis
  • Sharps Containers: Paving Way for Safe Disposal of Medical Waste
  • Sharps Disposal Options
  • Needle Disposal Systems: Mitigating Injury & Infection Risk
  • Reusable Sharps Containers: Making Sense
  • Medical Waste Management Issues & Avenues for Sharps Containers
  • Hazards and Challenges
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Sharps Containers Demand to Surge as Safe Practices Gain Importance
  • Uptrend in Healthcare Spending to Result in Improved Opportunities for Sharps Containers
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017, 2019, 2021 & 2023F
  • Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023F
  • Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Demand for Medical Waste Management
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Global Number of New Cancer Cases and Cancer-related Deaths by Cancer Site for 2018
  • Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • Rise in Diabetic Population Continues to Drives Demand for Sharps Containers
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Global Prevalence of Diabetes: Number of Adults Diagnosed with Diabetes (in Million) by Gender for 2019, 2030 and 2045
  • World Diabetes Prevalence (2000-2019)
  • Top 10 Countries with Highest Number of Adults Diagnosed with Diabetes (in Million) for 2019 and 2045F
  • Global Diabetes Mellitus Population Breakdown by Geographic Region: 2019, 2030 and 2045?
  • Conscious Disposal of Medical Sharps
  • Diabetes Emerges as One of the Leading Causes of Mortality
  • Diabetes-Related Deaths as % of Total Deaths in Below 60 Years Population by Region: 2019
  • Blood Sugar Lancets Market: Sustained Growth in Demand
  • Vulnerability of Growing Geriatric Population to Multiple Diseases Enhances Prospects for Sharps Containers
  • Elderly Healthcare Expenditure as a % of GDP
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Global Population Statistics for the 65+ Age Group by Select Countries: 2019
  • Life Expectancy at Age 60 and 80 Years - (2010-2015), (2020-2025) & (2045-2050)
  • Epidemic Proportions of Obesity Lead to Increased Focus on Weight Management
  • Obesity Facts
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Rise in Number of Surgeries Buoys Growth
  • Global Volume of Surgical Procedures (in Million) by Category: 2019
  • Growth in the Number of Surgeries in the US for the Period 2010-2020 and 2001-2010 (in %)
  • Number of Surgical Procedures (per 100,000 People) in Select Countries
  • Younger Population Experiences Early Onset of Diseases Leading to Surgical Intervention
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Increased Demand for Use of Safety Needles & Insulin Pens in Hospital Settings Drive Sharps Containers Market
  • Ambulatory Surgical Centers to Drive Demand for Sharps Disposal Containers
  • Waste Disposal Standards and Guidelines to Stimulate Demand for Sharps Containers
  • The Soaring Popularity of Reusable Sharps Containers
  • Sharps Waste and Proper Needle Disposal: Critical Issue

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ghlhqt

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Global Market for Sharps Containers

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