Sharps Containers Market Size, Share, Growth Analysis, By Product Type(Multipurpose Containers, Patient Room Containers, Phlebotomy Containers), By Waste Generators(Hospitals, Other Healthcare Providers, Pharmacies, Academic & Research Institutes), By Usage(Reusable, Single-Use Containers), By Waste Type(Sharps Waste, Infectious Waste, Non-Infectious Waste, Pharmaceutical Waste), By Size(1–2 Gallons, 2–4 Gallons, 4–8 Gallons, Others), By Region - Industry Forecast 2024-2031

Sharps Containers Market Driver

• The collection, separation, and disposal of the medical, infectious, and hazardous waste produced by healthcare institutions is largely their responsibility. Large volumes of disposable trash are being produced as a result of rising infectious disease incidence, an increase in hospital visits and admissions, and a rise in the need for diagnostic and clinical tests. The disposal of medical waste must be done properly since it is not included in the ordinary waste disposal process.
• The World Health Organization estimates that 16 million injections are administered annually but that there are inadequate facilities for their disposal. Additionally, 15% of the total medical waste created is hazardous trash, whereas the remaining 85% is an ordinary, non-hazardous waste. This produced trash is full of dangerous bacteria that endanger both the environment and healthcare workers.
• Segregation and identification of the waste are crucial steps in the proper management of medical waste. The improper disposal of a sizable amount of trash produced by pharmaceutical corporations and healthcare facilities is likely to worsen infections impacting the planet's ecology and living systems. As a result, government agencies are making the required measures to put regulations for the proper disposal of medical waste into force.

Sharps Containers Market Restraint

• The sharps containers market, on the other hand, has several difficulties, such as improper disposal since it is not widely used in home nursing. The market is also connected to a number of risks, such as a lack of knowledge about home healthcare. Additionally, poor disposal of sharps information and insufficient training for workers managing hazardous waste may impede market revenue growth.