Sharps Containers Market Forecast to 2030 - Global Analysis by Product (Multipurpose Containers, Patient Room Containers, and Phlebotomy Containers), Usage (Reusable Containers and Disposable Containers), Waste Type (Infectious Waste and Non-Infectious Wa

Sharps Containers Market Forecast to 2030 - Global Analysis by Product (Multipurpose Containers, Patient Room Containers, and Phlebotomy Containers), Usage (Reusable Containers and Disposable Containers), Waste Type (Infectious Waste and Non-Infectious Waste), Waste Generators (Hospitals, Pharmaceutical Companies, Laboratories, Clinics & Physician's Offices, and Others), Container Size (1–3 Gallons, 4–6 Gallons, 7–8 Gallons, and Others), Distribution Channel (Medical Supply Companies, Pharmacies, Online Sale, and Others), and Geography

The sharps containers market is expected to grow from US$ 498.07 million in 2022 to US$ 725.05 million in 2030; it is estimated to register a CAGR of 4.8% from 2022 to 2030. The factors such as the increase in generation of medical waste and rise in hospitalizations in private and public hospitals across the globe are expected to drive the sharps containers market growth. Moreover, the growing use of multipurpose containers is also expected to foster the sharps containers market growth during the forecast period. However, the lack of awareness about proper methods of sharps waste containment & disposal hinders the sharps containers market growth.

Growing Use of Multipurpose Containers to Boost the Sharps Containers Market in Future

Multipurpose containers can easily store a variety of sharps as they are relatively larger than other sharps containers. Multipurpose containers are widely used in the market owing to their versatility in various applications, availability in various sizes and shapes, and demand by healthcare providers, research institutes, and hospitals. Multipurpose containers are not space or function-specific; they can be easily used in different environments and are easy to assemble and inexpensive. In addition, they offer maximum safety for medical professionals and are environmentally friendly. These containers can be easily disinfected and reused. Various companies offer multipurpose containers, including Cardinal Health; Becton, Dickinson, and Company; and EnviroTain.

Growing medical waste and rising need for proper disposal are among the main factors expected to drive the demand for multipurpose containers, as they are the preferred choice of multiple medical institutions. For example, according to an April 2022 World Health Organization report on COVID-19 Waste Management in Africa,

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