Europe Sharps Containers Market Share, Trends, Demand, Business Challenges, Key Manufacturers, Competition and Growth Opportunities Till 2033


Europe Sharps Containers Market Share, Trends, Demand, Business Challenges, Key Manufacturers, Competition and Growth Opportunities Till 2033: SPER Market Research

 Category : Healthcare

 Published: Nov-2023
 Author: SPER Analyst

Europe Sharps Containers Market is projected to be worth USD 0.35 billion by 2033 and is anticipated to surge at a CAGR of 5.42%.

Needles, syringes, catheters, and other sharps waste are stored in sharps containers, also known as sharps bins, which are used to dispose of medical waste properly. Sharps containers are used, among other medical waste items created by healthcare organisations, research institutions, and hospital chains, to dispose of needles, syringes, broken glass, blood samples, and infectious microorganisms. The two primary kinds of sharps containers are reusable, which are automatically emptied and sterilised before being put back to use, and single-use, which are disposed of with the waste within.

Europe Sharps Containers Market Driving Factors and Challenges
Every year, the amount of clinical waste increases due to the increased risk of infections and the prevalence of chronic diseases around the world. Medical waste is produced in large quantities by many healthcare facilities, including hospitals, pharmacies, and research labs. Care must be taken while managing this garbage in order to safeguard public health and the environment. Several laws have been put in place by European nations to guarantee the safe treatment of medical waste, and medical facilities are required to abide by these regulations. These reasons are expected to drive the growth of the sharps container market in Europe. 
The market share of sharps containers in Europe is anticipated to increase significantly as end users become more conscious of the need to properly dispose of medical waste. Additionally, growing syringe usage in Germany, Italy, France, and the United Kingdom will support regional market expansion.

These goods have a number of benefits, but throughout the course of the forecast period, a number of limiting factors are expected to impede market expansion. For instance, the increased expense of disposing of clinical waste raises concerns in the case of disposable containers, which are frequently used for biohazard waste disposal. Furthermore, the cost of transporting the waste to the incinerator has increased dramatically. Reusable products have several benefits, like the ability to be used again and again, but they also need special cleaning, which is achieved by a protracted sterilising process. But this necessitates further spending. Nearly 12.5 tonnes of greenhouse gases are released annually as a result of the tonnes of needless trash from these single-use plastic products. It is anticipated that the growing use of reusable items in this market will accelerate the rate of product adoption in the healthcare sector. But these devices' high administration and operating costs might prevent them from being widely adopted throughout Europe.

Impact of COVID-19 on Europe Sharps Containers Market
The COVID-19 pandemic severely impeded the expansion of the sharps container business in Europe. This was mainly because lockdowns reduced hospital visits. Numerous reasons contributed to this detrimental effect, such as alterations in the production and supply networks, redistributing resources to essentials, and a decrease in the quantity of visits to medical facilities. Nonetheless, the increase in COVID-19-related hospital admissions somewhat countered the drop in the use of sharps. With the lifting of COVID-19 restrictions and the return to routine healthcare operations, the market grew rapidly. The market was driven by growth of COVID-19 vaccine injection usage. Although growth was somewhat slower in 2022, stable growth is predicted for the duration of the prediction.

Europe Sharps Containers Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; BD (Becton, Dickinson and Company), Bondtech Corporations, Daniels - A Mauser Company, Daniels Sharpsmart Inc., GPC Medical Ltd., Henry Schein, Inc., Stericycle, Inc., Thermo Fisher Scientific Inc., Others.

Europe Sharps Containers Market Segmentation:

By Product Type: Based on the Product Type, Europe Sharps Containers Market is segmented as; Multipurpose Containers, Patient Room Containers, Phlebotomy Containers.

By Waste Generator: Based on the Waste Generator, Europe Sharps Containers Market is segmented as; Academic & Research Institutes, Hospitals, Pharmaceutical Companies, Pharmacies, Other Healthcare Providers.

By Usage: Based on the Usage, Europe Sharps Containers Market is segmented as; Reusable Containers, Single-Use Containers.

By Waste Type: Based on the Waste Type, Europe Sharps Containers Market is segmented as; Infectious Waste, Non-Infectious Waste, Pharmaceutical Waste, Sharp Waste.

By Size: Based on the Size, Europe Sharps Containers Market is segmented as; 1-2 Gallons, 2-4 Gallons, 4-8 Gallons, Others.

By Region: This research also includes data for France, Germany, Italy, Scandinavia, Spain, U.K., Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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