European Sharps container market expected to surge to USD 208.57 million by 2030, growing at a CAGR of 4.5%

European sharps container market

DUBLIN, March 29, 2024 (GLOBE NEWSWIRE) — “European Sharp Container Market Forecast to 2030 – Regional Analysis – By Product, Application, Waste Type, Waste Generator, Container Size, Distribution Channel ” report added. ResearchAndMarkets.com Recruitment.

The latest industry analysis on the European Sharps Containers market reveals a robust growth trajectory, with the market size projected to expand from USD 146.2 million in 2022 to USD 208.57 million by 2030 . The market has a compound annual growth rate (CAGR) of 4.5% over the forecast period 2022-2030.

Demand for sharps containers increases due to increasing number of hospitalized patients

The demand for sharps containers in Europe is significantly increasing due to the growing burden of chronic diseases and increasing hospitalizations due to a surge in surgical interventions. Hospitals across Europe are responding to increasing needs for sharps waste disposal to maintain compliance with regulatory standards. The high rate of medical procedures and increased patient visits have increased the requirement for disposable containers to safely dispose of sharps waste.

Market analysis: Sharps containers essential for safe waste management

Surgeons and medical professionals frequently use sharp instruments such as needles and scalpels. Therefore, there is an urgent need for effective disposal methods to reduce the risks associated with needlestick injuries. The market is rapidly increasing due to the increasing emphasis on waste management regulations and the development of initiatives targeting responsible disposal practices in the medical sector. With the increase in global surgical demand, the accumulation of medical waste has necessitated the introduction of sharps containers for proper waste management.

Regulatory efforts strengthen market dynamics

In Europe, regulatory efforts focused on creating strict and favorable guidelines for reusable sharps containers are playing a pivotal role in the evolution of the market. Efforts are being made to promote disposal solutions that are also cost-effective and environmentally friendly. Awareness campaigns on waste management practices by healthcare institutions and others are increasing waste separation and adopting strategic recycling and reuse programs.

Segmentation Insight: Versatile, reusable containers lead market share

The market is segmented on the basis of various criteria such as product type, application, waste type, waste generator, container size, and distribution channel. The analysis shows that the multi-purpose container segment and reusable container segment account for the majority of the market share. When it comes to waste generators, hospitals are the most utilized because they generate huge amounts of medical waste. In terms of container size, the 1-3 gallon category dominates the market, with medical supply companies dominating the distribution channel segment.

Geographic advantages and key market players

Among European countries, Germany has emerged as a dominant market player with a large market share. Market growth in European countries is driven by a combination of advanced healthcare systems, regulatory frameworks, and established waste management practices. Key players in this market include various companies that are focused on innovative solutions for sharps waste collection and disposal.

The European sharps containers market is expected to witness further growth with the aim of improving patient safety, promoting environmental sustainability, and complying with stringent waste disposal regulations. The future evolution of the market represents the healthcare sector’s continued commitment to responsible waste management and safety.

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Companies mentioned in this report include, but are not limited to:

• Sunny Pick Plastic SA

• Mauser Group NV

• Stericycle Co., Ltd.

• becton dickinson company

For more information on this report, please visit https://www.researchandmarkets.com/r/esbab5.

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