Market Overview:
The global medical sharp container market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing number of surgical procedures, rising awareness about safe disposal of sharps, and growing demand for advanced medical devices. Based on type, the global medical sharp container market is segmented into phlebotomy sharps containers, multipurpose sharps containers, round sharps containers, foot operated Sharps disposal and others. Phlebotomy Sharps Containers are expected to account for the largest share in terms of revenue in 2018 owing to their wide usage across hospitals and ambulatory surgical centers (ASCs). Multipurpose Sharps Containers are also anticipated to witness significant growth during the forecast period as they can be used for disposing a variety of sharp objects including needles, blades and lancets. Based on application, hospitals accounted for majority share in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed rise in number of surgeries performed each year globally coupled with stringent safety regulations imposed by various governments across different regions regarding safe handling & disposal of medical waste products including sharps.
Product Definition:
A medical sharp container is a type of sharps disposal container used to store and dispose of hypodermic needles, lancets, and other sharp medical instruments. They are often made of plastic or metal and have a hinged lid with a locking mechanism. The importance of using medical sharp containers is to prevent injuries from accidental needle sticks.
Phlebotomy Sharps Containers:
Phlebotomy shoves are medical waste that is generated from venous and arterial punctures made during the course of various medical procedures. These containers are used to hold blood-engorged objects, which include needles, scalpels, curettes, and other devices that have been used to inject or extract fluids from the body. The term “phlebotomy shoves” is also applied to surgical tools like forceps and needle holders.
Multipurpose Sharps Containers:
Multipurpose sharps containers are used to store and transport medical equipment, supplies, and samples. It is made of high-density polyethylene or steel. The multipurpose shavings container has a capacity of up to 1 cubic foot. It can be used for storing small tools, metal blades, needles & syringes as well as other types of sharp objects including scalpels, saws & bone china etc.
Application Insights:
Based on application, the global medical sharp container market is segmented into hospitals, ambulatory surgical centers, academic research laboratories, diagnostic laboratories and others. Hospitals held the largest share of over 60.0% in 2017 owing to high usage of these products for various procedures such as wound cleaning & dressings changes and drug administration. Furthermore, increasing number of hospital-acquired sharps disposal systems is expected to drive the growth over next few years.
The use of sharp objects during surgeries or other medical procedures has become a major concern for authorities across the globe due to potential risk for patient safety and healthcare professionals safety from accidental injuries caused by these tools. As a result; disposal system manufacturers have developed innovative products that can be used safely by both patients and healthcare providers without any chances of accidents occurring while handling them which may eventually boost product demand worldwide especially in countries like U.S.
Regional Analysis:
North America dominated the global market in 2017. The presence of stringent regulatory bodies, such as the U.S. FDA and Health Canada, to ensure patient safety and high standards of medical devices is expected to drive the regional demand for sharp containers over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to factors such as improving healthcare infrastructure and growing awareness regarding blood donation among population especially youthful cohort (18-35 years). Moreover, an increase in chronic diseases leadingto increased hospital admissions will boost revenue generation from ambulatory surgical centers thereby driving industry growth across this region.
Growth Factors:
- Increasing demand for medical sharp containers from hospitals and clinics owing to the growing number of surgeries and other medical procedures.
- Rising awareness about the benefits of using medical sharp containers among healthcare professionals and patients alike.
- Technological advancements in the design and manufacturing of medical sharp containers that make them more user-friendly, safe, and durable.
- Growing popularity of single-use disposable medical sharp containers as a safer alternative to traditional reusable ones.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Sharp Container Market Research Report
By Type
Phlebotomy Sharps Containers, Multipurpose Sharps Containers, Round Sharps Containers, Foot Operated Sharps Disposal, Others
By Application
Hospitals, Ambulatory Surgical Centers, Academic Research Laboratories, Diagnostic Laboratories, Others
By Companies
Medtronic plc, Becton, Dickinson, MarketLab, Inc., Post Medical, Inc., GPC Medical Ltd., Everbest Limited, Allied Seals Europe, Medu-Scientific Ltd, Henry Schein, Inc., Dailymag Magnetic Technology(Ningbo) Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Medical Sharp Container Market Report Segments:
The global Medical Sharp Container market is segmented on the basis of:
Types
Phlebotomy Sharps Containers, Multipurpose Sharps Containers, Round Sharps Containers, Foot Operated Sharps Disposal, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Academic Research Laboratories, Diagnostic Laboratories, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic plc
- Becton
- Dickinson
- MarketLab, Inc.
- Post Medical, Inc.
- GPC Medical Ltd.
- Everbest Limited
- Allied Seals Europe
- Medu-Scientific Ltd
- Henry Schein, Inc.
- Dailymag Magnetic Technology(Ningbo) Limited
Highlights of The Medical Sharp Container Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Phlebotomy Sharps Containers
- Multipurpose Sharps Containers
- Round Sharps Containers
- Foot Operated Sharps Disposal
- Others
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Academic Research Laboratories
- Diagnostic Laboratories
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Sharp Container Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical sharp container is a sterile, sealed container used to store and transport medications.
Some of the major companies in the medical sharp container market are Medtronic plc, Becton, Dickinson, MarketLab, Inc., Post Medical, Inc., GPC Medical Ltd., Everbest Limited, Allied Seals Europe, Medu-Scientific Ltd, Henry Schein, Inc., Dailymag Magnetic Technology(Ningbo) Limited.
The medical sharp container market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Sharp Container Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Sharp Container Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Sharp Container Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Sharp Container Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Sharp Container Market Size & Forecast, 2020-2028
4.5.1 Medical Sharp Container Market Size and Y-o-Y Growth
4.5.2 Medical Sharp Container Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Phlebotomy Sharps Containers
5.2.2 Multipurpose Sharps Containers
5.2.3 Round Sharps Containers
5.2.4 Foot Operated Sharps Disposal
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Academic Research Laboratories
6.2.4 Diagnostic Laboratories
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Sharp Container Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Sharp Container Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Phlebotomy Sharps Containers
9.6.2 Multipurpose Sharps Containers
9.6.3 Round Sharps Containers
9.6.4 Foot Operated Sharps Disposal
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Academic Research Laboratories
9.10.4 Diagnostic Laboratories
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Phlebotomy Sharps Containers
10.6.2 Multipurpose Sharps Containers
10.6.3 Round Sharps Containers
10.6.4 Foot Operated Sharps Disposal
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Academic Research Laboratories
10.10.4 Diagnostic Laboratories
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Phlebotomy Sharps Containers
11.6.2 Multipurpose Sharps Containers
11.6.3 Round Sharps Containers
11.6.4 Foot Operated Sharps Disposal
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Academic Research Laboratories
11.10.4 Diagnostic Laboratories
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Phlebotomy Sharps Containers
12.6.2 Multipurpose Sharps Containers
12.6.3 Round Sharps Containers
12.6.4 Foot Operated Sharps Disposal
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Academic Research Laboratories
12.10.4 Diagnostic Laboratories
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Phlebotomy Sharps Containers
13.6.2 Multipurpose Sharps Containers
13.6.3 Round Sharps Containers
13.6.4 Foot Operated Sharps Disposal
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Academic Research Laboratories
13.10.4 Diagnostic Laboratories
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Sharp Container Market: Competitive Dashboard
14.2 Global Medical Sharp Container Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic plc
14.3.2 Becton
14.3.3 Dickinson
14.3.4 MarketLab, Inc.
14.3.5 Post Medical, Inc.
14.3.6 GPC Medical Ltd.
14.3.7 Everbest Limited
14.3.8 Allied Seals Europe
14.3.9 Medu-Scientific Ltd
14.3.10 Henry Schein, Inc.
14.3.11 Dailymag Magnetic Technology(Ningbo) Limited
