Sharps Containers Market Trends Report | Size & Share Forecast 2030

Sharps Containers Market Forecast to 2030 - Global Analysis by Product (Multipurpose Containers, Patient Room Containers, and Phlebotomy Containers), Usage (Reusable Containers and Disposable Containers), Waste Type (Infectious Waste and Non-Infectious Waste), Waste Generators (Hospitals, Pharmaceutical Companies, Laboratories, Clinics & Physician's Offices, and Others), Container Size (1–3 Gallons, 4–6 Gallons, 7–8 Gallons, and Others), Distribution Channel (Medical Supply Companies, Pharmacies, Online Sale, and Others), and Geography

Publication Month : Aug 2023

  • Report Code : TIPMD00002581
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 213
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[Research Report] The sharps containers market was valued at US$ 498.1 million in 2022 and is expected to reach US$ 725.1 million by 2030; it is anticipated to record a CAGR of 4.8% from 2022 to 2030.

Market Insights and Analyst View:

"Sharps" refers to objects with sharp points or edges that can puncture or cut the skin, such as needles, syringes, broken glass, lancets, auto-injectors, IV sets, and connecting needles. Sharps containers are specially designed to dispose of used needles and other sharp medical waste. They are designed to protect hospital workers, including sharps users and other downstream workers, from sharps injuries resulting from contact with needles and other sharp devices. Sharps disposal containers are made of rigid, puncture-resistant plastic or metal with leak-resistant sides and bottom and a tight-fitting, puncture-resistant lid with an opening for storing sharps. The increase in the generation of medical waste and the rise in hospitalizations in private and public hospitals across the globe are expected to propel the sharps containers market growth during the forecast period.

Growth Drivers and Challenges:

Healthcare facilities are primarily responsible for collecting, separating, and disposing of the medical, infectious, and hazardous waste they generate. Increasing prevalence of infectious diseases, rising number of hospital visits and admissions, and growing demand for diagnostic and clinical testing contribute to the generation of large amounts of single-use waste. According to the World Health Organization, 16 million injections are used worldwide each year, but there need to be proper disposal options. In the US, with its advanced healthcare facilities, exposure to bloodborne pathogens from needles and other sharp objects is a serious problem, resulting in 385,000 incidents yearly. 85% of all medical waste generated is general non-hazardous waste, and the remaining 15% is hazardous waste containing harmful microorganisms. Therefore, medical waste disposal is the need of the hour, which is increasing the demand for sharps containers worldwide.

According to the research study titled "Estimation of the National Surgical Needs in India by Enumerating the Surgical Procedures in an Urban Community Under Universal Health Coverage," published in September 2020, ~11% of the global burden of disease requires surgical procedures or anesthetic care or both and estimated 3,646 surgeries would be required annually to meet the surgical needs of the Indian population, compared to the global estimate of 5,000 surgeries per 100,000 people. Therefore, 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.

However, the lack of awareness about the proper disposal of sharps is hampering the sharps containers market growth. In clinical settings, it is easier to safely dispose of contaminated materials when there are established standards. However, in non-healthcare settings, there are no standards that mandate the usage of well-designed sharps containers. Most people with diabetes do not follow best practices for sharps disposal, i.e., the disposal of sharp objects in designated, locked waste containers. The lack of proper sharps compartments in the storage bay results in the commingling of the waste after collection. According to the WHO, the most common problem associated with the safe disposal of sharps and other medical waste is the lack of awareness of the health hazards. This is due to insufficient training and low priority given to proper waste management.

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Sharps Containers Market: Strategic Insights

sharps-containers-market
Market Size Value inUS$ 498.1 million in 2022
Market Size Value byUS$ 725.1 million by 2030
Growth rateCAGR of 4.8% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Report Segmentation and Scope:

The "Global Sharps Containers Market" is segmented based on product, usage, waste type, waste generator, container size, distribution channel, and geography. Based on product, the sharps containers market is segmented into multipurpose containers, patient room containers, and phlebotomy containers. Based on usage, the sharps containers market is subsegmented into reusable containers and disposable containers. Based on waste type, the sharps containers market is bifurcated into infectious waste and non-infectious waste. Based on waste generator, the sharps containers market is segmented into hospitals, pharmaceutical companies, laboratories, clinics & physician's offices, and others. Based on container size, the sharps containers market is segmented into 1–3 gallons, 4–6 gallons, 7–8 gallons, and others. Based on distribution channel, the sharps containers market is segmented into medical supply companies, pharmacies, online sale, and others. Based on geography, the sharps containers market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America)

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Segmental Analysis:

Based on product, the sharps containers market is segmented into multipurpose containers, patient room containers, and phlebotomy containers. The multipurpose containers segment held the largest share of the sharps containers market. The same segment is expected to register the highest CAGR of 5.2% in the market during the forecast period. Multipurpose sharps containers accommodate a variety of sharps sizes with both temporary and permanent closure mechanisms. The product is designed for the accommodation of large sharps items and is available in a variety of lid choices, such as flip, slide, or rotary. Multipurpose containers are not space or function-specific; they can be easily used in different environments and are easy to assemble and inexpensive. In addition, they offer maximum safety for medical professionals and are environmentally friendly. Therefore, the growing volume of medical waste, multiple surgeries, and the features of multipurpose containers over other types are expected to provide growth for the multipurpose containers, thereby boosting the sharps containers market.

Sharps Containers Market, by Product – 2022 and 2030

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Based on usage, the sharps containers market is bifurcated into reusable containers and disposable containers. In 2022, the reusable containers segment held a larger share of the market. However, the disposable containers segment is expected to register a higher CAGR of 5.4% in the market during the forecast period. Disposable containers are also known as single use sharps containers. Disposable sharps containers are convenient for sharps waste collection in patient rooms. In general, sharps disposal containers are regulated by the FDA as Class II devices and are subject to pre-market notification [510(k)] requirements (21 CFR 880.5570; product codes MKK and FMI). FDA-cleared sharps disposal containers are available in a variety of sizes, including smaller travel sizes to use while away from home. The aforementioned factors are expected to fuel the market growth for the disposable containers segment.

Based on waste type, the sharps containers market is segmented into infectious waste and non-infectious waste. In 2022, the infectious waste segment held a larger share of the market and is expected to register a higher CAGR of 5.0% in the market during the forecast period. Waste from sharps is a part of the infectious waste and includes syringes, needles, lancets, broken glass, and any other material that can penetrate the skin. The combination of pathogen contamination and the ability to penetrate skin barriers makes it one of the most hazardous healthcare wastes. According to the World Health Organization (WHO), out of the 16 billion injections a year, the vast majority of sharps and sharps waste is syringes.

Based on waste generators, the sharps containers market is segmented into hospitals, pharmaceutical companies, laboratories, clinics & physician's offices, and others. In 2022, the hospitals segment held the largest share of the market, and the same segment is expected to register the highest CAGR of 5.5% in the market during the forecast period. Hospitals are important sites for waste generation. Every department in the hospital generates waste, and the overall product is waste of different kinds. These items can be pathogenic and environmentally adverse. These wastes are also called hazardous healthcare wastes. Hospitals are the major consumer of sharp waste containers.

Based on container size, the sharps containers market is segmented into 1–3 gallons, 4–6 gallons, 7–8 gallons, and others. In 2022, the 1–3 gallons segment held the largest share of the market, and the same segment is expected to register the highest CAGR of 5.2% in the market during the forecast period. The sharp container holds a capacity between 1 and 3 gallons. These sharps container sizes are mostly used by the healthcare industry. The product can be wall mounted or used on countertops. Its large horizontal opening allows for easy disposal. Healthcare facilities such as laboratories, physician offices, clinics, hospitals, and surgery centers are the major consumer of these products. Further, the 4-gallon sharps containers are generally used in hospitals and pharmaceutical companies where there is a higher volume of waste. These containers primarily dispose of biohazardous materials, including surgical waste generated in hospitals, research laboratories, and diagnostic laboratories.

Based on distribution channel, the sharps containers market is segmented into medical supply companies, pharmacies, online sales, and others. In 2022, the medical supply companies segment held the largest share of the market. The online sales segment is expected to register the highest CAGR of 5.3% in the market during the forecast period.

Regional Analysis:

Based on geography, the sharps containers market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The North America sharps containers market has been analyzed based on three major countries: the US, Canada, and Mexico. The US is estimated to hold the largest sharps containers market share during the forecast period. The sharps containers market growth in the US is attributed to the rising cases of diabetes and needlestick injuries and growing government initiatives. the prevalence of chronic illnesses such as Crohn's disease and diabetes, which can be treated with self-injectable medication, is rising across the US. For instance, according to the CDC 2022 National Diabetes Statistics Report estimates, more than 130 million adults are suffering from diabetes or prediabetes in the US. Due to their significance during the administration of medications and tests, syringes are necessary for most diagnostic and therapeutic techniques for the treatment of chronic diseases, which is boosting the demand for sharps containers. 

Europe is the second-largest market for sharps containers. Germany is expected to hold the largest share in the Europe sharps containers market during the forecast period. The high-growth countries, such as Germany and the UK, contribute to the growth of the sharps container market in the region. France and Spain are improving the supply chain and raising awareness of waste management, which would be a key driver for market growth in the region. 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. Furthermore, the growing prevalence of diseases such as diabetes and the vaccination campaign against COVID-19 resulted in a large volume of sharps and sharps waste requiring proper disposal, boosting the sharps containers market. However, the lack of compliance and the introduction of single-use sharps containers in economically weaker European countries are expected to hamper the growth of this region.

COVID-19 Impact:

As per the study titled "Scientists develop suitable human cell line for anti-SARS-CoV-2 drug screening" published in the Journal Viruses in June 2022, researchers have described the creation of a suitable human cell line for the high-throughput testing of antiviral medications that target the coronavirus 2 that causes severe acute respiratory syndrome (SARS-CoV-2). Angiotensin-converting enzyme 2 (ACE2) and transmembrane serine protease 2 (TMPRSS2), two essential host proteins required for viral entry, were engineered to express high levels in the human lung carcinoma cell line A549. Resulting in the development of more cell lines to manage COVID-19, which had a significant impact on the sharps containers market during the pandemic. Therefore, the pandemic had a positive impact in the sharps containers market.

Competitive Landscape and Key Companies:

Prominent players operating in the global sharps containers market include Sanypick Plastic SA, Bondtech Corp, Mauser Group NV, EnviroTain LLC, Stericycle Inc, Dailymag Magnetic Technology Ltd, GPC Medical Ltd, Bemis Co Inc, Becton Dickinson and Co, and The Harloff Co. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which allows them to serve a large set of customers and subsequently increases their sharps containers market share.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Usage, Waste Type, Waste Generators, Container Size, Distribution Channel, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the market CAGR value of sharps containers market during forecast period?

The CAGR value of the sharps containers market during the forecasted period of 2022-2030 is 4.8%.

What are the driving factors for the sharps containers market across the globe?

Key factors such as the increase in generation of medical waste and rise in hospitalizations in private and public hospitals across the globe are expected to boost the market growth for the sharps containers over the years.

Which product led the sharps containers market?

The multipurpose containers segment held the largest share of the market in the global sharps containers market and held the largest market share of 42.43% in 2022.

Which waste type held the largest share in the sharps containers market?

The infectious waste segment dominated the global sharps containers market and held the largest market share of 71.65% in 2022.

Which usage held the largest share in the sharps containers market?

The reusable containers segment dominated the global sharps containers market and accounted for the largest market share of 63.90% in 2022.

What are sharps containers?

"Sharps" refers to objects with sharp points or edges that can puncture or cut the skin, such as needles, syringes, broken glass, lancets, auto-injectors, IV sets, and connecting needles. Sharps containers are specially designed to dispose of used needles and other sharp medical waste. They are designed to protect hospital workers, including sharps users and other downstream workers, from sharps injuries resulting from contact with needles and other sharp devices. Sharps disposal containers are made of rigid, puncture-resistant plastic or metal with leak-resistant sides and bottom and a tight-fitting, puncture-resistant lid with an opening for storing sharps.

Which container size held the largest share in the sharps containers market?

The 1-3 gallons segment dominated the global sharps containers market and held the largest market share of 40.29% in 2022.

Which waste generators held the largest share in the sharps containers market?

The hospitals segment dominated the global sharps containers market and held the largest market share of 41.81% in 2022.

Who are the key players in the sharps containers market?

The sharps containers market mssajorly consists of the players such Sanypick Plastic SA, Bondtech Corp, Mauser Group NV, EnviroTain LLC, Stericycle Inc, Dailymag Magnetic Technology Ltd, GPC Medical Ltd, Bemis Co Inc, Becton Dickinson, and Co, and The Harloff Co among others.

Which distribution channel held the largest share in the sharps containers market?

The medical supply companies segment dominated the global sharps containers market and held the largest market share of 46.23% in 2022.

The List of Companies - Sharps Containers Market

  1. Sanypick Plastic SA
  2. Bondtech Corp
  3. Mauser Group NV
  4. EnviroTain LLC
  5. Stericycle Inc
  6. Dailymag Magnetic Technology Ltd
  7. GPC Medical Ltd
  8. Bemis Co Inc
  9. Becton Dickinson and Co
  10. The Harloff Co

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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