Medical waste, including hypodermic needles, syringes, catheters, and other sharp objects, can be disposed of properly with sharps containers, also known as sharps bins. Sharps containers are used to dispose of infections, blood samples, broken glass, needles, and syringes that are produced by healthcare organisations, research facilities, and hospital chains. Sharps containers are mainly divided into two categories: single-use, which is disposed of with the waste within, and reusable, which is automatically emptied, sterilised, and then put back to use.
According to SPER market research, ‘Europe Sharps Containers Market Size- By Product Type, By Waste Generator, By Usage, By Waste Type, By Size - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Sharps Containers Market is predicted to reach USD 0.35 billion by 2033 with a CAGR of 5.42%.
Every year, the amount of clinical waste increases due to the increased risk of infections and the prevalence of chronic diseases around the world. Numerous healthcare establishments, such as hospitals, pharmacies, and research labs, produce a lot of medical waste. It is imperative to use caution when handling this waste to protect both the environment and public health. Medical facilities are expected to comply by a number of legislation that European countries have implemented to ensure the safe disposal of medical waste. It is anticipated that these factors would propel the European sharps container market's expansion. As end users become more aware of the need to appropriately dispose of medical waste, the market share of sharps containers in Europe is expected to grow dramatically. Furthermore, rising syringe usage in France, Germany, Italy, and the UK will help the expansion of the regional market.
However, weight and size limitations are the primary barrier impeding the first aid kit industry's growth. First aid kits are necessary for a variety of settings and circumstances, including the workplace, outdoor activities, home security, educational institutions, and travel. First aid kits are lightweight and compact, making them ideal for transporting to sporting events, travel, camping, and other activities. However, their small size might make it difficult to keep all the supplies within. Each component of the package is necessary for different Sizes in order to reduce risks associated with injury treatment and accident prevention. Most traditional first aid kits are made of metal, which corrodes over time. Along with the physical risks linked with their other activities, users should be aware of the needs for their first aid kit based on common occupational hazards.
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Impact of COVID-19 on Europe Sharps Containers Market
Furthermore, a decrease in hospital visits due to lockdowns caused by the COVID-19 pandemic severely hampered the expansion of the sharps container industry in Europe. This detrimental effect was exacerbated by variables like decreased visits to healthcare facilities, production and supply chain interruptions, and resource reallocation to necessities. But the decrease in the use of sharps was somewhat countered by the rise in hospital admissions brought on by COVID-19. The market grew rapidly after COVID-19 limitations were lifted and routine healthcare operations resumed. The market was also driven by a rise in the use of injections for COVID-19 vaccines. Although growth was significantly slower in 2022, stable growth is predicted throughout the forecast period.
Europe Sharps Containers Market Key Players:
During the projected period, Germany is expected to make a major contribution to the expansion of the European market. Sharps container use has increased nationwide due to an exponential increase in medical waste disposal knowledge. Strong regulations will also motivate top businesses to invest more money in the area. Because of the increase in home-generated medical waste, the France market is expected to grow strongly. Additionally, some of the market key players are Daniels Sharpsmart Inc., GPC Medical Ltd., Henry Schein, Inc., Stericycle, Inc., Thermo Fisher Scientific Inc., Others.
Europe Sharps Containers Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type: Based on the Product Type, Europe Sharps Containers Market is segmented as; Multipurpose Containers, Patient Room Containers, Phlebotomy Containers.
By Waste Generator: Based on the Waste Generator, Europe Sharps Containers Market is segmented as; Academic & Research Institutes, Hospitals, Pharmaceutical Companies, Pharmacies, Other Healthcare Providers.
By Usage: Based on the Usage, Europe Sharps Containers Market is segmented as; Reusable Containers, Single-Use Containers.
By Waste Type: Based on the Waste Type, Europe Sharps Containers Market is segmented as; Infectious Waste, Non-Infectious Waste, Pharmaceutical Waste, Sharp Waste.
By Size: Based on the Size, Europe Sharps Containers Market is segmented as; 1-2 Gallons, 2-4 Gallons, 4-8 Gallons, Others.
By Region: This research also includes data for France, Germany, Italy, Scandinavia, Spain, U.K., Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Europe Sharps Containers Market Future Outlook
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Market OverviewThe global sharps containers market size is projected to reach USD 624.1 million by 2026, exhibiting a CAGR of 4.2% during the forecast period.
Furthermore, a joint survey by WHO and UNICEF in 2015 found that more than 40% of health facilities in 24 countries lacked essential systems for safe biomedical waste disposal.
These numbers highlight the critical need for efficient health waste disposal equipment, especially in developing countries, which bodes well for this market.Request a Sample Copy of the Research ReportCOVID-19 ImpactThe on-going corona virus pandemic has created an unprecedented health and economic crisis globally.
Besides this, the report addresses the following questions:What are the current and future market trends?Which factors are driving and restraining the market?Which are the leading market segments?Who are the top market players and what are their main strategies?How are regional developments influencing the market growth?Market DriverRising Adoption of Reusable Sharps Containers to Favor Market GrowthReusable medical waste disposal devices, as the name suggests, can used multiple times before they are discarded.
Strong medical supply chains in the European Union countries are likely to augment the market in Europe.Have Any Query?
Ask Our ExpertsCompetitive LandscapeKey Players to Focus on Meeting Challenges Posed by COVID-19The COVID-19 pandemic has taken the world by storm and major players in this market are focused on formulating strategies to effectively deal with the impending health crisis.
Sharps Containers are important in terms of handling waste produced by medical institutes and healthcare centers and household waste.
Such waste usually consists of hypodermic needles, syringes, disposable scalpels, catheters and other metal sharps waste.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=28175In a recent sharps containers market study, Transparency Market Research (TMR) notes that the market will chart a steady 4.4% of CAGR (Compound Annual Growth Rate), between 2017 and 2025, taking the market worth up to USD 660.9 mn by the end of the forecast period from a USD 450 million observed in the year of 2016.A number of trends and drivers are pushing the global sharps containers market on an upward growth trajectory and some of these include strict government regulations governing medical waste and rise in surgical operations.The global sharps container market is fragmented and prominent players in the market are Medtronic, Becton, Dickinson and Company, Daniels Health, Sharps Compliance, Inc., MAUSER, EnviroTain, LLC, Bondtech Corporation, Bemis Manufacturing Company, and Henry Schein, Inc, among othersRequest COVID Analysis on Sharps Containers Market- https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=28175 Increase in Geriatric Waste to Pave the Way for Growth in Sharps Containers Market over the Forecast PeriodGeriatric population is reaching new highs.
It is quite interesting to note here that it is a steep rise from a mere 900 million in the year 2015.
Aldo, in these three decade, the world will see one in every six people flank the 65 an over age group – a condition more pronounced in Europe and North America (one in every four people from the two regions to occupy the stated age bracket.In fact, there is a massive demographic shift that was noted in the year 2018.
Besides a rise in disposable income is positively contributing to this growth.Request Customization on Sharps Containers Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=28175North America to Demonstrate Impressive Performance over the Forecast PeriodThanks to rising geriatric population, robust healthcare infrastructure, a good reimbursement policy and presence of numerous prominent market players, the North American region will account for a major share of the global sharps market over the forecast period.
The other region that will present players with new opportunities include the Asia Pacific (APAC) which is witnessing great economic performance by nations marking the regional landscape.
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