About Medical Waste Containers
Medical waste containers are used to contain organs, tissues, body parts, non-viable fetuses, placentas, blood, bodily fluids, and other hazardous wastes generated from hospitals, pharmaceutical research organizations, and pharmaceutical companies. With an increase in research and development in the pharmaceutical field and the number of operations and surgeries globally, the waste generated has also increased.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 5.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Waste Containers market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic (Ireland), Bemis Manufacturing Company (United States), Thermo Fisher Scientific (United States), Becton, Dickinson and Company (United States), MAUSER Group (Denmark), Daniels Health (United States), Bondtech Corporation (United States), Henry Schein (United States), EnviroTain (United States) and Terra Universal (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Medical Waste Containers market by Type (Chemotherapy, Biohazardous, Sharps and RCRA) and Region.
On the basis of geography, the market of Medical Waste Containers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Waste, the sub-segment i.e. General Medical Waste will boost the Medical Waste Containers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Medical Waste Containers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Establishment of Government Policies for Conservation of the Environment
Market Growth Drivers:
Increasing Need for Efficient Waste Disposal and Rising Awareness about Waste Disposal
Challenges:
Lack of Awareness regarding the Collection of Medical Wastes in Specific Containers
Restraints:
Breaking of Containers leading to Spread of Illness
Opportunities:
Growing Concerns over Eco-friendly and Safe Waste Management & Treatment Process and Upsurge Government Initiatives towards Medical Waste Management
Market Leaders and their expansionary development strategies
In August 2023, Stericycle launched a re-engineered one-gallon regulated medical waste container.
In April 2022, Stericycle announced its new SafeShield antimicrobial medical waste containers. These containers are designed for the storage and transport of regulated medical waste and are equipped with Cupron, a copper-based antimicrobial additive.
“According to OSHA Regulations, medical wastes require careful disposal and containment before collection and consolidation for treatment. They are used to dictated initial measures for discarding regulated medical-waste items. These measures are designed to protect the workers who generate medical wastes and who manage the wastes from point of generation to disposal.”
Key Target Audience
Medical Waste Containers Manufacturers, Medical Waste Containers Suppliers, End-Use Market Participants of Different Segments of Medical Waste Containers, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.