Pune, Maharashtra -- (SBWIRE) -- 10/11/2022 -- Medical Waste Containers Market Scope & Overview:

Medical trash generated by healthcare establishments is disposed of in medical waste containers. They are made to seal and confine the waste produced during patient treatment, medical research, testing, and vaccinations, including organs, tissues, items tainted with blood, medical sharps, biohazard waste, medication, and radioactive waste. These waste containers are mostly used to transport medical waste to the disposal site since they can safely hold dangerous medical waste. This waste's secure enclosure helped to avoid infections brought on by contact with the waste.

As per the recent report by SNS Insider, the medical waste containers market is expected to cross USD 2.70 billion by 2028, with a CAGR of 6.0% over the forecast period of 2022–2028.

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Major Key Players included in Medical Waste Containers Market are report are:

- Mauser Packaging Solutions
- Bemis Manufacturing Company
- Henry Schein, Inc.
- Bondtech Corporation
- Daniels Sharpsmart Inc. (Daniels Health)
- BD
- Thermo Fisher Scientific Inc.
- Cardinal Health
- Sharps Compliance Inc
- EnviroTain, LLC.

Drivers, Restraints, Opportunities, and Challenges

The growing number of hospitals and other healthcare facilities around the world is a major factor driving the medical waste containers market. Another significant reason driving expansion is the growing understanding of the advantages of effective medical waste management in halting the spread of pathogens. The healthcare sector in emerging nations in particular is anticipated to increase its understanding of the benefits of proper hospital waste management, which is predicted to increase demand for the product. Additionally, during the upcoming years, it is projected that increasing amounts of medical waste containers would be used for the proper disposal of hospital waste.

Impact of the COVID-19 Pandemic

With the recent outbreak of coronavirus disease and the large increase in the volume of diagnostic and lab testing samples, chronic diseases are becoming more common (COVID-19). This is helping the industry grow, along with the implementation of strict safety and environmental conservation rules for containment and effective waste disposal. In order to prevent disruptions in waste management, a number of major market participants are increasing the manufacture of medical waste bins and putting more effort into preventive measures. The demand for chemotherapy will rise as the incidence of cancer rises. The need for secure equipment disposal during the procedure will rise as a result of this. Consequently, more demand for chemotherapy containers is anticipated in the future, which will benefit the medical waste containers market.

The container's quality could still be dangerous since poor-quality goods could break during shipment, exposing people and animals to hazardous waste. Therefore, this aspect has been limiting the market's expansion.

Medical Waste Containers Market Segmentation Analysis 2022

The infectious medical waste segment is predicted to rise at the quickest rate in terms of waste type. Pathogens like parasites, bacteria, viruses, or fungi that can infect hosts and cause disease are typically included in infectious waste.

The Resource Conservation and Recovery Act (RCRA) containers segment is predicted to grow at the quickest rate among all product categories in the upcoming years. In comparison to surface impoundments or tanks, these containers are less expensive and simpler to handle.

The segment for hospitals and private clinics is anticipated to have the highest revenue share for the year based on end use. The key drivers propelling the medical waste containers market are the rise in cancer and chronic wound cases as well as the number of hospital admissions.

Major Segments and Sub-Segment of Medical Waste Containers Market are Listed Below:

By Product Outlook

- Chemotherapy Containers
- Biohazardous Medical Waste Containers
- Resource Conservation and Recovery Act (RCRA) Containers
- Others

By Waste type Outlook

- General Medical Waste
- Infectious Medical Waste
- Hazardous Medical Waste
- Others

By End-use Outlook

- Hospitals & Private Clinics
- Diagnostic Laboratories
- Research Institutes
- Others

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Regional Analysis

Many North American nations spend a lot of money on healthcare, with a sizable percentage going toward pharmaceutical sector research, development, and production. Additionally, these nations have regulations that are business-friendly, which has drawn numerous international players to the area. These pharmaceutical companies do extensive research, development, and production, which increases the amount of hazardous medical waste produced. As a result, there is a greater need for medical waste containers in these nations, which has aided in the expansion of the medical waste containers market in this region.

Key Questions Answered in Medical Waste Containers Market report are:

- What is the market size of Medical Waste Containers Market in 2022?
- Which major key players analysis included in this report?
- Which regions are coved in this market report?
- What are major driving factors drives the business growth of Medical Waste Containers Market?

Table of Contents -Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Global Medical Waste Containers Market Segmentation, By Product

9. Global Medical Waste Containers Market Segmentation, By Waste Type

10. Global Medical Waste Containers Market Segmentation, By End-Use

11. Regional Analysis

12. Company Profiles

13. Competitive Landscape

14. Conclusion

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