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 size was valued at USD 430.8 million in 2022 and is poised to grow from USD 581.88 million in 2023 to USD 3640.95 million by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).

To lessen the risk of damage and the transmission of infection, dangerous piercing devices are kept in sharps containers, which are specifically constructed containers. Medical needles and any other pointed medical equipment, such as an IV catheter, are often placed in a sharps container. Containers for sharps must be closed, labeled properly, and leak-proof. The main daily issues facing healthcare practitioners right now are related to the disposal of biomedical waste. Hospitals, drug manufacturers, academic institutions, and other healthcare providers produce medical waste, which is disposable trash. Syringes, needles, contaminated glass, body scrapes, infectious pathogens, blood samples, and other items are among the garbage. For example, in India, calculations based on data gathered by CPCB via the BWM App reveal that, as of May 10, 2021, the nation has produced about 45,954 tonnes of COVID-19 waste. Since the pandemic's initial wave, 126 tonnes of COVID-19 trash have been produced per day, accounting for roughly 20% of the 614 tonnes of biomedical waste that the nation produces every day.

Sharp objects like needles, syringes, lancets, and other items may be safely disposed of using biomedical waste containers, which have shown to be useful in this regard. Plastic that is robust and sturdy and can withstand repeated usage after disinfection makes up the container. The producers are always focused on following the rules established by the government to provide disposable containers that are safe for the environment. For instance, in order to make the Sharps MedSafe available to the LTC facilities in PharMerica's network, a national provider of medical waste and unused medication management solutions has announced its partnership with PharMerica Corporation, a national leader in long-term care (LTC) pharmacy services. Across the United States, PharMerica presently collaborates with more than 2,500 facilities.

US Sharps Containers Market is poised to grow at a sustainable CAGR for the next forecast year.