Need for Safe Disposal of Risky Medical Apparatus to Propel Sharps Containers Market

Sharps containers are used to dispose biomedical and other medical wastes in a seemingly safer and efficient manner. Sharps containers are primarily designed to be used for risky instruments. The containers comprise of plastics, in order to reduce the risk of injuries or infection. Syringes, hypodermic needles, disposable scalpels and IV catheters are largely disposed in these sharps containers. 

Recently, Becton, Dickinson and Company, which is a prominent sharps containers producing enterprise, introduced a new program to ensure the efficient containment and disposal of household sharps in the U.S. This generated a lot of awareness regarding safe disposal of metal sharps at home, leading to a surge in interest in the product. 

What is the key factor driving the global sharps container market?

A WHO report says that more than 16 billion injections are administered over the globe each year. These staggering number shows the amount of possibly infected and risky equipment that requires to be disposed off in a safe and efficient manner. Hence, it is extremely important for health care facilities and other medical waste generators to collect and dispose the contaminated metal sharps waste properly, without raising the chances of infection of injury. 

Thus, the sharps containers market is driven by an increasing demand for saline needles, syringes, catheters, and reagents in laboratories, hospitals and other research facilities. Additionally, the global sharps containers market is also predicted to witness significant growth on account of the stringent regulations by the government implemented in several developed as well as emerging countries.

What other drivers are generating sales in the market?

The enhancement and ease of access to healthcare, coupled with the growing penetration of technology and other innovations in the healthcare arena has led to a surge in the utilization of sharps containers, thereby directly creating an impact on sharps containers market. The rising amounts allocated towards health care in developing regions is also making a significant contribution towards pushing the sale of sharps containers.

Which region is expected to dominate the market in the coming years?

Geographically, North America led the global sharps containers market in 2016. This could be attributed to the high adoption of sharps management service offered by leading enterprises in countries such as the U.S. The region has an extremely positive outlook due to its superior medical facilities and abundance of insurance plans. Solidawareness in individuals about the best medical practices available has also proved beneficial for the market in the region.Medtronic, Becton, Dickinson and Company, Daniels Health, Sharps Compliance, Inc., MAUSER, EnviroTain, LLC, Bondtech Corporation, Bemis Manufacturing Company, and Henry Schein, Inc.


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