Medical Waste Containers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Medical Waste Containers Market is Segmented by Type of Waste (General Medical Waste, Infectious Medical Waste, Hazardous Medical Waste, and Others), Product, End-User, and Geography

Medical Waste Containers Market Snapshot

Medical Waste Containers Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.96 %

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Market Overview

Medical waste containers are used to contain organs, tissues, body parts, non-viable fetuses, placentas, blood, bodily fluids, and other hazardous wastes generated from hospitals, pharmaceutical research organizations, and pharmaceutical companies. With an increase in research and development in the pharmaceutical field and the number of operations and surgeries globally, the waste generated has also increased.

As medical waste containers safely contain hazardous medical waste, these containers are used to transport the waste to the disposal site. Safely containing this waste has resulted in the prevention of illnesses from exposure to the waste. 

Moreover, governments have also implemented strict safety and environmental conservation policies regarding the containment and disposal of waste. These factors have helped the growth of the market. However, the quality of the container might still pose a threat as degraded quality products may break during the transport, resulting in the exposure of humans and animals to hazardous waste. Hence this factor has, hence, been restraining the growth of the market.

Scope of the Report

As per the scope of the report, medical waste containers are used to contain organs, tissues, body parts, non-viable fetuses, placentas, blood, bodily fluids and other hazardous wastes generated from hospitals, pharmaceutical research organizations, and pharmaceutical companies.

By Type of Waste
General Medical Waste
Infectious Medical Waste
Hazardous Medical Waste
Others
By Product
Chemotherapy Containers
Biohazardous Medical Waste Containers
Sharps Medical Waste Containers
Resource Conservation and Recovery Act (RCRA) Containers
Others
By End-User
Hospitals & Private Clinics
Pharmacetical and Biotechnology Companies & CROs
Academic Research Institutes
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Chemotherapy Containers are Expected to Dominate the Segment Growth During the Forecast Period

The prevalence of cancer has been on the rise in recent decades. As a result, cancer is one of the leading causes of death in the world. According to the World Health Organization, the global cancer burden of cancer is estimated to have risen to 18.1 million new cases and 9.6 million deaths in 2018. Moreover, a report 2018 by the University of Oxford (Global Change Data Lab) states that since 1990, the number of deaths due to cancer has increased by more than 66%. As the prevalence of cancer increases, the demand for chemotherapy will also increase. This will also increase the demand for safe disposal of various equipment used during the process. Hence chemotherapy containers' demand is expected to rise in the future, which will help the market growth.

Medical Waste Containers Market

North America is Expected to Dominate the Medical Waste Containers Market

North America has contains the United States (US), Canada, and Mexico. The US and Canada are one of the most developed countries in the world. These countries spend a large sum in healthcare, of which a large portion is dedicated to research, development, and production in the pharmaceutical industry. 

Moreover, these countries also have industry-friendly policies, which has attracted many global players to the region. These pharmaceutical players engage in research and development and production on large scales, which leads to the large production of hazardous medical waste. As a result, the demand for the medical waste container is more in these countries, which has helped in the growth of the market in this region

Medical Waste Containers Market

Competitive Landscape

The majority of the Medical Waste Containers are being manufactured by the global key players. Market leaders with more funds for research and a better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing the emergence of some small players due to the rise of awareness. This has also helped the market grow.

Recent Developments

 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Investment in Innovation of Novel Medical Waste Container

      2. 4.2.2 Increasing Illnesses Due to Untreated Medical Waste

      3. 4.2.3 Establishment of Government Policies for Conservation of the Environment

    3. 4.3 Market Restraints

      1. 4.3.1 Breaking of Containers leading to Spread of Illness

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Waste

      1. 5.1.1 General Medical Waste

      2. 5.1.2 Infectious Medical Waste

      3. 5.1.3 Hazardous Medical Waste

      4. 5.1.4 Others

    2. 5.2 By Product

      1. 5.2.1 Chemotherapy Containers

      2. 5.2.2 Biohazardous Medical Waste Containers

      3. 5.2.3 Sharps Medical Waste Containers

      4. 5.2.4 Resource Conservation and Recovery Act (RCRA) Containers

      5. 5.2.5 Others

    3. 5.3 By End-User

      1. 5.3.1 Hospitals & Private Clinics

      2. 5.3.2 Pharmacetical and Biotechnology Companies & CROs

      3. 5.3.3 Academic Research Institutes

      4. 5.3.4 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Becton, Dickinson and Company

      2. 6.1.2 Bemis Manufacturing Company

      3. 6.1.3 Bondtech Corporation

      4. 6.1.4 Daniels Health

      5. 6.1.5 Medgen Medical Products

      6. 6.1.6 Stericycle

      7. 6.1.7 Mauser Group

      8. 6.1.8 Cardinal Health Inc.

      9. 6.1.9 Sharps Compliance, Inc.

      10. 6.1.10 Thermo Fisher Scientific, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Medical Waste Containers Market market is studied from 2018 - 2026.

The Medical Waste Containers Market is growing at a CAGR of 6.96% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Bemis Manufacturing Company, Cardinal Health Inc., Daniels Health are the major companies operating in Medical Waste Containers Market.

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