According to a new report Global Medical Waste Containers Market, published by KBV research, The Global Medical Waste Containers Market size is expected to reach $2.4 billion by 2026, rising at a market growth of 7.1% CAGR during the forecast period.
The chemotherapy containers segment has the largest market share in the year 2019 and is expected to show a considerable growth rate in the coming years. The segment growth is mainly driven by the increasing cases of cancer and surgeries of cancer patients.
For example, according to the World Health Organization around 2.1 million cases of lung cancer, more than 1.8 million cases of colorectal cancer, and about 2.1 million cases of breast cancer were reported in the year 2018 globally. These factors are expected to boost the need for chemotherapy containers, thus driving segment growth.
The hospital & private clinics segment is expected to show the fastest growth rate in coming years. The rise in the number of clinics and surgical procedures are the main factors leading to segment growth over the foreseeable period.
The general medical waste segment has the largest market share in 2019. The general medical waste majorly comprises waste produced from health-care establishments, research facilities, and laboratories. More than 70% of the waste that are produced from hospitals and clinics consists of general medical waste. The general medical waste is handled via municipal waste disposal mechanisms.
North America led the market and have the largest revenue share in the year 2019. The region is expected to show a considerable growth rate in the coming years. A rise in the number of healthcare workers is anticipated to boost the demand for medical waste containers in this region. Leading market players in this region are actively taking initiatives to more and more use of medical waste containers that are offering innovations and modifications.
The market of medical waste containers in the Asia Pacific is anticipated to show the fastest growth rate over the foreseeable period. The existence of developing countries like China, India, and Japan is expected to drive the market growth in this region. Growing healthcare infrastructure development and the increasing awareness about patient safety as well as hygiene standards are some of the factors expected to boost the market.
Structural Insights: https://www.kbvresearch.com/medical-waste-containers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Cardinal Health, Inc., Henry Schein, Inc., Mauser Packaging Solutions Holding Company, Bondtech Corporation, Daniels Sharpsmart, Inc. (Daniel Health), EnviroTain, LLC, Sharps Compliance, Inc. and Bemis Manufacturing Company, Inc.
Global Medical Waste Containers Market Segmentation
By Product Type
- Chemotherapy Containers
- Resource Conservation and Recovery Act (RCRA) Containers
- Biohazardous Medical Waste Containers
- Other Product Types
By Waste Type
- General Medical Waste
- Hazardous Medical Waste
- Infectious Medical Waste
- Other Waste Types
By End Use
- Hospitals & Private Clinics
- Research Institutes
- Diagnostic Laboratories
- Other End Use
- Rest of North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Becton, Dickinson and Company
- Thermo Fisher Scientific, Inc.
- Cardinal Health, Inc.
- Henry Schein, Inc.
- Mauser Packaging Solutions Holding Company
- Bondtech Corporation
- Daniels Sharpsmart, Inc. (Daniel Health)
- EnviroTain, LLC
- Sharps Compliance, Inc.
- Bemis Manufacturing Company, Inc.