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The global medical waste containers market was valued at US$ 2056.4 Million in 2021.
We expect the global medical waste containers market to exhibit a CAGR of 6.50% during 2022-2027.
The widespread applications of durable, chemical resistant, and puncture-proof medical waste containers in hospitals and veterinary clinics to prevent hospital-acquired infections, are primarily driving the global medical waste containers market.
The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of medical waste containers across several hospitals and other healthcare facilities for curbing the spread of the coronavirus infection and its related health hazards.
Based on the type of waste, the global medical waste containers market can be categorized into general medical waste, infectious medical waste, hazardous medical waste, radioactive medical waste, and others. Currently, general medical waste exhibits clear dominance in the market.
Based on the product, the global medical waste containers market has been segmented into chemotherapy containers, biohazardous medical waste containers, sharps medical waste containers, Resource Conservation and Recovery Act (RCRA) containers, and others. Among these, chemotherapy containers represent the largest market share.
Based on the end user, the global medical waste containers market can be bifurcated into hospitals and private clinics, pharmaceutical and biotechnology companies and CROs, academic research institutes, diagnostic laboratories, and others. Currently, hospitals and private clinics account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global medical waste containers market include Becton Dickinson and Company, Bemis Manufacturing Company, Bondtech Corporation, Cardinal Health Inc., Daniels Sharpsmart Inc., EnviroTain LLC, Henry Schein Inc., Mauser Packaging Solutions, Medegen Medical Products (Inteplast Group Corporation), Stericycle Inc., Terra Universal Inc., and Thermo Fisher Scientific Inc.
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