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Medical Waste Containers Market Report Forecast by Industry Outlook, Capital Investment, Opportunities and Trends 2022-2030

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The growing requirement for viable garbage removal, expanded mindfulness about garbage removal, a decrement in emergency clinic gained contaminations, and rigid unofficial laws overseeing the appropriate removal of medical waste all over the planet are totally expected to drive the Global Medical Waste Containers Market. Medical waste holders are being utilized by squander generators to gather squander created by medical care offices and are accessible in an assortment of plans depending on the kind of waste to be gathered. Holders are recognized from each other by explicit shadings and names that show the sort of a waste to be gathered. Medical Waste Containers are utilized in medical clinics and private centers, diagnostic labs, research institutes, drug and biotechnology firms.

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The Medical Waste Tracking Act characterizes medical waste as the waste material created during medical exploration, testing, analysis, inoculation, or therapy of either individuals or creatures. Removal of medical waste is a significant test looked at by medical care suppliers. Medical waste compartments are utilized by squander generators to gather squander created by medical services offices and are accessible in various plans relying on the sort of a waste to be gathered. Holders are characterized by explicit shadings and marks to make them recognizable from others. The ascent in interests in R&D of novel medical waste compartments and expansion in the occurrence of ailment and ongoing sicknesses are helping the worldwide medical waste holders market. The foundation of unofficial laws for the protection of the climate and the protected removal of medical waste is one of the main considerations expected to drive the extension of the worldwide medical waste holders market in the future.

The rising consciousness of the advantages of legitimate emergency clinic squander the board among non-industrial nation medical services enterprises is anticipated to support the interest for the item. Also, the expanding utilization of medical waste holders in emergency clinic garbage removal should impel market development over the estimated time frame. Be that as it may, an absence of mindfulness about the explicitness of medical garbage removal compartments might restrict the development of the Medical Waste Containers Market. All things considered, the compartment’s quality might in any case represent a danger on the grounds that debased quality items might break during transport, uncovering people and creatures to risky waste.

The global medical waste containers market for the historical period 2017–2018 and forecast period 2019–2027, Rise in prevalence of autoimmune disorders, cancer, blood related disorders, are projected to drive the global medical waste containers market during the forecast period

According to the report, the global medical waste containers market was valued at US$ 1.7 Bn in 2018 and is anticipated to expand at a CAGR of 5.1% from 2019 to 2030

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Rapidly Expanding Health Care and Pharmaceutical Industries to Boost the Global Market Expansion: Key Drivers

Rise in number of patients suffering from chronic diseases is a key factor driving demand for collection of medical waste from large as well as small medical waste generators across the world. According to a research article published in the Indian Journal of Pharmacy Practice, drug wastage accounted for 2.0% to 3.0% of all drug costs, representing more than US$ 1.0 Bn in drug wastage in the U.S, thus contributing a large amount of pharmaceutical waste. Rise in awareness about the safe disposal of medical waste, well-developed health care facilities across the globe, and improvement in drug discovery and development by pharmaceutical companies that leads to generation of large amounts of medical waste are expected to propel the global medical waste containers market during the forecast period.

Lack of awareness regarding collection of medical wastes in specific containers to hamper market

Medical waste collection can be facilitated by using different types of containers such as chemotherapy containers, biohazard containers, RCRA containers, pharmaceutical containers, and sharps containers. Each of these types of medical waste containers serve different purposes and are required to be used in the collection of particular types of waste only. Moreover, collection of medical waste in non-designated containers would not prove to be beneficial for health care facilities, which is a challenge that the global medical waste containers market is facing currently. Lack of awareness regarding collection of these type medical wastes in specific containers to hamper market

Global Medical waste containers Market: Competitive Landscape

This report profiles major players in the global medical waste containers market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global medical waste containers market is highly fragmented, with the presence of a number of international as well as regional players

Leading players operating in the global medical waste containers market are

  • Sharps Compliance, Inc.
  • Henry Schein, Inc.
  • BD
  • Medtronic
  • Daniels Health
  • Bemis Manufacturing Company
  • Bondtech Corporation
  • Terra Universal, Inc.
  • Thermo Fisher Scientific, Inc.
  • EnviroTain, LLC
  • MAUSER Group

Global Medical waste containers Market: Key Developments

Key players in the global medical waste containers market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global medical waste containers market. A few expansion strategies adopted by players operating in the global medical waste containers market are:

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In 2017, Waste Connections, Inc. acquired Groot Industries, Inc. To solidify leadership position in Northern U.S. waste services market.

In June 12, 2017, Rubbermaid Commercial Products launched Resist, an innovative waste receptacle and recycling solution at NeoCon in Chicago, U.S.

The report on the global medical waste containers market discussed individual strategies, followed by company profiles of manufacturers of medical waste containers. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global medical waste containers market.

Key Questions Answered in Global Medical Waste Containers Market Report

  • What is the scope of growth of product companies in the global medical waste containers market?
  • What will be the Y-o-Y growth of the global medical waste containers market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global medical waste containers market?
  • Will North America continue to be the most profitable market for medical waste containers providers?
  • Which factors are anticipated to hamper the growth of the global medical waste containers market during the forecast period?
  • Which are the leading companies in the global medical waste containers market?

Global Medical Waste Containers Market – Segmentation

Product Type

  • Chemotherapy Containers
  • Biohazard Medical Waste Containers
  • RCRA (Resource Conservation and Recovery Act) Containers
  • Pharmaceutical Containers
  • Sharps Containers
  • Patient Room Sharps Containers
  • Phlebotomy Sharps Containers
  • Multipurpose Sharps Containers

Usage Type

  • Disposable Containers
  • Reusable Containers

Waste Type

  • Infectious & Pathological Waste
  • Non-infectious Waste
  • Radioactive Waste
  • Sharps Waste
  • Pharmaceutical Waste

Medical Waste Generators

  • Hospitals
  • Clinics & Physicians’ Offices
  • Pharmaceutical Companies
  • Long-term Care & Urgent Care Centers
  • Pharmacies
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Report Scope and Market Segmentation

1.2. Research Highlights

2. Assumptions and Research Methodology 

2.1. Assumptions

2.2. Research Methodology

3. Executive Summary

3.1. Global Medical Waste Containers Market Snapshot

4. Market Overview

4.1. Product Overview

4.2. Key Industry Events

4.3. Market Dynamics

4.3.1. Drivers and Restraints Snapshot Analysis

4.3.2. Drivers

4.3.3. Restraints

4.3.4. Opportunities

4.4. Global Medical Waste Containers Market Revenue Projection

4.5. Global Medical Waste Containers Market Outlook

5. Market Outlook

5.1. Mergers and Acquisition Overview : Medical Waste Management Market

5.2. Opportunity Analysis: Key Insights

5.3. Recent Developments : Advances in Product Development

5.4. Regulatory Scenario, by Key Region/Countries

5.5. COVID-19 Impact Analysis

6. Global Medical Waste Containers Market Analysis, by Product Type

6.1. Introduction

6.2. Global Medical Waste Containers Market Value Share Analysis, by Product Type

6.3. Global Medical Waste Containers Market Forecast, by Product Type

6.3.1. Chemotherapy Containers

6.3.2. Biohazard Medical Waste Containers

6.3.3. RCRA (Resource Conservation and Recovery Act) Containers

6.3.4. Pharmaceutical Containers

6.3.5. Sharps Containers

6.3.5.1. Patient Room Sharps Containers

6.3.5.2. Phlebotomy Sharps Containers

6.3.5.3. Multipurpose Sharps Containers

6.4. Global Medical Waste Containers Market Analysis, by Product Type

6.5. Global Medical Waste Containers Market Attractiveness Analysis, by Product Type

7. Global Medical Waste Containers Market Analysis, by Waste Type

7.1. Introduction

7.2. Global Medical Waste Containers Market Value Share Analysis, by Waste Type

7.3. Global Medical Waste Containers Market Forecast, by Waste Type

7.3.1. Infectious & Pathological Waste

7.3.2. Non-infectious Waste

7.3.3. Radioactive Waste

7.3.4. Sharps Waste

7.3.5. Pharmaceutical Waste

7.4. Global Medical Waste Containers Market Analysis, by Waste Type

7.5. Global Medical Waste Containers Market Attractiveness Analysis, by Waste Type

8. Global Medical Waste Containers Market Analysis, by Medical Waste Generators

…….

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