Europe Sharps Containers Market Growth, Size, Trends, Revenue, Share, Scope and Future Outlook
Europe Sharps Containers Market Size- By Product Type, By Waste Generator, By Usage, By Waste Type, By Size - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: HLCA2374 | Pages: 1 - 156 | Formats*: |
| Category : Healthcare | |||
Europe Sharps Containers Market Introduction and Overview
According to SPER Market Research, the Europe Sharps Containers Market is estimated to reach USD 0.35 billion by 2033 with a CAGR of 5.42%.
The report includes an in-depth analysis of the Europe Sharps Containers Market, including market size and trends, product mix, Applications, and supplier analysis. Sharps containers, sometimes referred to as sharps bins, are used to dispose of medical waste, including syringes, catheters, and hypodermic needles, in a safe manner. Needles, syringes, broken glass, blood samples, and infectious pathogens are among the medical waste products generated by healthcare organisations, research facilities, and hospital chains. Sharps containers are used to dispose of such materials. Sharps containers come in two primary varieties: single-use, which is disposed of together with the waste inside, and reusable, which is automatically emptied, sterilised, and then put back into service.
- August 2022: Aurora Capital Partners declared that it has successfully finished buying Sharps Compliance Corp., a company that offers waste management services for hazardous, medical, and pharmaceutical waste.
- July 2021: Stericycle, Inc. and UPS Healthcare partnered to handle medical waste's reverse logistics. The partnership allowed for the transportation, processing, and disposal of many types of medical waste, such as biohazardous, sharps, and pharmaceutical wastes.
Market Opportunities and Challenges
A prominent trend in the European sharps containers market is the emergence of environmentally friendly and innovative reusable products, featuring enhanced safety mechanisms like hand-blocking. The upswing in scheduled surgeries and infection treatments leading to higher medical waste, particularly sharps, has spurred the adoption of these containers. Hospitals favour cost-effective reusable options. The demand for injections, driven by disease prevalence and COVID-19 vaccination efforts, has escalated sharps waste generation. European regulatory bodies are proactively introducing stringent guidelines for eco-friendly and cost-effective reusable products. These trends create opportunities for industry leaders to introduce innovative products in the future.
While these products offer numerous advantages, various limiting factors are anticipated to hinder market growth during the forecast period. Disposable containers, commonly used for biohazard waste disposal, face concerns due to the increased cost of clinical waste disposal. The expense of transporting waste to incinerators has also risen significantly. Reusable products, while offering the advantage of multiple uses, require specialized cleaning through an extended sterilization process, incurring additional costs. The extensive use of single-use plastic products contributes to approximately 12.5 tonnes of greenhouse gas emissions annually. It is anticipated that the use of reusable goods in the healthcare industry would grow, but their high operating and administrative expenses could prevent broad use in Europe.
Market Competitive Landscape
The major players in the Europe Sharps Containers market include: 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. To broaden their product lines, major players in the industry are putting more of an emphasis on research and development. In addition, they are carrying out a number of calculated initiatives to bolster their supply chains and grow their business ventures.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Waste Generator, By Usage, By Waste Type, By Size |
| Regions covered | Hangzhou, Ningbo, Shanghai, Suzhou, Taizhou, Wenzhou, Others |
| Companies Covered | 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 |
COVID-19 Impact on Europe Sharps Containers Market
The growth of the Europe sharps containers market was significantly hindered by the COVID-19 pandemic, primarily attributed to lockdowns causing a decline in hospital visits. Factors such as production and supply chain disruptions, resource reallocation to essential commodities, and reduced healthcare facility visits contributed to this negative impact. However, the surge in hospitalizations due to COVID-19 partially offset the decline in sharps usage. As COVID-19 restrictions eased, the market experienced robust growth with the resumption of regular healthcare activities. Increased injection use for COVID-19 vaccinations also fuelled market growth. While 2022 saw slightly diminished growth, steady growth is anticipated in the forecast period.
Key Target Audience:
- Biotechnology Companies
- Environmental Agencies
- Healthcare Facilities
- Healthcare Professionals
- Infection Control Practitioners
- Manufacturers of Sharps Containers
- Pharmaceutical Companies
- Waste Management Companies
- Others
Our in-depth analysis of the Europe Sharps Containers Market includes the following segments:
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| By Waste Generator: |
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| By Usage: |
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| By Waste Type: |
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| By Size: |
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Key Topics Covered in the Report:
- Europe Sharps Containers Market Size (FY’2023-FY’2033)
- Overview of Europe Sharps Containers Market
- Segmentation of Europe Sharps Containers Market By Product Type (Multipurpose Containers, Patient Room Containers, Phlebotomy Containers)
- Segmentation of Europe Sharps Containers Market By Waste Generator (Academic & Research Institutes, Hospitals, Pharmaceutical Companies, Pharmacies, Other Healthcare Providers)
- Segmentation of Europe Sharps Containers Market By Usage (Reusable Containers, Single-Use Containers)
- Segmentation of Europe Sharps Containers Market By Waste Type (Infectious Waste, Non-Infectious Waste, Pharmaceutical Waste, Sharp Waste)
- Segmentation of Europe Sharps Containers Market By Size (1-2 Gallons, 2-4 Gallons, 4-8 Gallons, Others)
- Statistical Snap of Europe Sharps Containers Market
- Expansion Analysis of Europe Sharps Containers Market
- Problems and Obstacles in Europe Sharps Containers Market
- Competitive Landscape in the Europe Sharps Containers Market
- Impact of COVID-19 and Demonetization on Europe Sharps Containers Market
- Details on Current Investment in Europe Sharps Containers Market
- Competitive Analysis of Europe Sharps Containers Market
- Prominent Players in the Europe Sharps Containers Market
- SWOT Analysis of Europe Sharps Containers Market
- Europe Sharps Containers Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data Source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Sharps Containers Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Sharps Containers Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Sharps Containers Market
7. Europe Sharps Containers Market, By Product Type (USD Million)
7.1. Europe Sharps Containers Market Value Share and Forecast, By Product Type, 2023-20337.2. Multipurpose Containers7.3. Patient Room Containers7.4. Phlebotomy Containers
8. Europe Sharps Containers Market, By Waste Generator (USD Million)
8.1. Europe Sharps Containers Market Value Share and Forecast, By Waste Generator, 2023-20338.2. Academic & Research Institutes8.3. Hospitals8.4. Pharmaceutical Companies8.5. Pharmacies8.6. Other Healthcare Providers
9. Europe Sharps Containers Market, By Usage (USD Million)
9.1. Europe Sharps Containers Market Value Share and Forecast, By Usage, 2023-20339.2. Reusable Containers9.3. Single-Use Containers
10. Europe Sharps Containers Market, By Waste Type (USD Million)
10.1. Europe Sharps Containers Market Value Share and Forecast, By Waste Type, 2023-203310.2. Infectious Waste10.3. Non-Infectious Waste10.4. Pharmaceutical Waste10.5. Sharp Waste
11. Europe Sharps Containers Market, By Size (USD Million)
11.1. Europe Sharps Containers Market Value Share and Forecast, By Size, 2023-203311.2. 1-2 Gallons11.3. 2-4 Gallons11.4. 4-8 Gallons11.5. Others
12. Europe Sharps Containers Market Forecast, 2019-2033 (USD Million)
12.1. Europe Sharps Containers Market Size and Market Share
13. Europe Sharps Containers Market, By Product Type, 2019-2033 (USD Million)
13.1. Europe Sharps Containers Market Size and Market Share By Product Type (2019-2026)13.2. Europe Sharps Containers Market Size and Market Share By Product Type (2027-2033)
14. Europe Sharps Containers Market, By Waste Generator, 2019-2033 (USD Million)
14.1. Europe Sharps Containers Market Size and Market Share By Waste Generator (2019-2026)14.2. Europe Sharps Containers Market Size and Market Share By Waste Generator (2027-2033)
15. Europe Sharps Containers Market, By Usage, 2019-2033 (USD Million)
15.1. Europe Sharps Containers Market Size and Market Share By Usage (2019-2026)15.2. Europe Sharps Containers Market Size and Market Share By Usage (2027-2033)
16. Europe Sharps Containers Market, By Waste Type, 2019-2033 (USD Million)
16.1. Europe Sharps Containers Market Size and Market Share By Waste Type (2019-2026)16.2. Europe Sharps Containers Market Size and Market Share By Waste Type (2027-2033)
17. Europe Sharps Containers Market, By Size, 2019-2033 (USD Million)
17.1. Europe Sharps Containers Market Size and Market Share By Size (2019-2026)17.2. Europe Sharps Containers Market Size and Market Share By Size (2027-2033)
18. Europe Sharps Containers Market, By Region, 2019-2033 (USD Million)
18.1. Europe Sharps Containers Market Size and Market Share By Region (2019-2026)18.2. Europe Sharps Containers Market Size and Market Share By Region (2027-2033)18.3. France18.4. Germany18.5. Italy18.6. Scandinavia18.7. Spain18.8. U.K.18.9. Rest of Europe
19. Company Profile
19.1. BD (Becton, Dickinson and Company)19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Bondtech Corporations19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Daniels - A Mauser Company19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Daniels Sharpsmart Inc.19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. GPC Medical Ltd.19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Henry Schein, Inc.19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Stericycle, Inc.19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Thermo Fisher Scientific Inc.19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the market include Companies Covered 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
Needles, syringes, broken glass, blood samples, and infectious pathogens are among the medical waste products generated by healthcare organisations, research facilities, and hospital chains. Sharps containers are used to dispose of such materials.
Europe Sharps Containers Market is projected to reach USD 0.35 billion by 2033, growing at a CAGR of 5.42% during the forecast period.
Europe Sharps Containers Market grew in market size from 2023. The Market is expected to reach USD 0.35 billion by 2033, at a CAGR of 5.42% during the forecast period.
Europe Sharps Containers Market CAGR of 5.42% during the forecast period.
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Europe Sharps Containers Market size is USD 0.35 billion from 2023 to 2033.
Europe Sharps Containers Market Segment is Covered By Product Type, By Waste Generator, By Usage, By Waste Type, By Size
The Europe region is anticipated to have the highest market share in Europe Sharps Containers Market.
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