At 4.5% CAGR, the Europe Sharps Containers Market is projected to be worth US$ 208.57 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe sharps containers market was valued at US$ 146.20 million in 2022 and is expected to reach US$ 208.57 million by 2030, registering a CAGR of 4.5% from 2022 to 2030. Increase in generation of medical waste and increasing government initiatives for safe sharps disposal are among the critical factors attributed to the Europe sharps containers market expansion.        

Today, safe practices related to the handling and disposal of sharp healthcare instruments are being implemented to protect staff, patients, and visitors from exposure to bloodborne infections. In addition, concerned authorities, such as National Health Service (NHS) and Food and Drug Administration (FDA), have taken sharps disposal initiatives to reduce the risks involved. The waste is classified as biomedical waste, which includes items that can pierce the skin, such as blades, needles, syringes, lancets, knives, scissors, broken glass, and sharp plastic. The ultimate goal of sharps waste management is to carefully handle and treat sharp materials until disposal.

Government agencies make the necessary efforts to implement guidelines for the effective disposal of medical waste. The World Health Organization (WHO) and other regulatory agencies worldwide have established standard guidelines for the disposal and management of biomedical waste. All pharmaceutical companies, research institutes, hospitals, and other healthcare providers must comply with governing body guidelines. Manufacturers are also required to follow certain guidelines when manufacturing sharps containers.

Therefore, the increase in initiatives and guidelines by regulatory agencies for the safe disposal of sharps is expected to provide growth opportunities for the Europe sharps containers market.

On the contrary, lack of awareness about proper methods of sharps waste containment & disposal hampers the Europe sharps containers market.  

Based on product, the Europe sharps containers market is segmented into multipurpose containers, patient room containers, and phlebotomy containers. The multipurpose containers segment held 42.4% share of Europe sharps containers market in 2022, amassing US$ 61.96 million. It is projected to garner US$ 90.83 million by 2030 to expand at 4.9% CAGR during 2022–2030. 

Based on usage, the Europe sharps containers market is segmented into reusable containers and disposable containers. The reusable containers segment held 64.1% share of Europe sharps containers market in 2022, amassing US$ 93.69 million. It is projected to garner US$ 130.33 million by 2030 to expand at 4.2% CAGR during 2022–2030.

Based on waste type, the Europe sharps containers market is segmented into infectious waste and non-infectious waste. The infectious waste segment held 71.9% share of Europe sharps containers market in 2022, amassing US$ 105.06 million. It is projected to garner US$ 152.00 million by 2030 to expand at 4.7% CAGR during 2022–2030.

Based on waste generators, the Europe sharps containers market is segmented into hospitals, pharmaceutical companies, laboratories, clinics & physician’s offices, and others. The hospitals segment held 46.3% share of Europe sharps containers market in 2022, amassing US$ 61.17 million. It is projected to garner US$ 92.12 million by 2030 to expand at 5.3% CAGR during 2022–2030.

Based on container size, the Europe sharps containers market is segmented into 1-3 gallons, 4-6 gallons, 7-8 gallons, and others. The 1-3 gallons segment held 40.7% share of Europe sharps containers market in 2022, amassing US$ 59.45 million. It is projected to garner US$ 87.55 million by 2030 to expand at 5.0% CAGR during 2022–2030.

Based on distribution channel, the Europe sharps containers market is segmented into medical supply companies, pharmacies, online sale, and others. The medical supply companies segment held 46.1% share of Europe sharps containers market in 2022, amassing US$ 67.36 million. It is projected to garner US$ 97.84 million by 2030 to expand at 4.8% CAGR during 2022–2030.

Based on country, the Europe sharps containers market has been categorized into the UK, France, Germany, Spain, Italy, and the Rest of Europe. Our regional analysis states that Germany captured 24.2% share of Europe sharps containers market in 2022. It was assessed at US$ 35.45 million in 2022 and is likely to hit US$ 53.07 million by 2030, exhibiting a CAGR of 5.2% during 2022–2030.

Key players operating in the Europe sharps containers market are Sanypick Plastic SA, Mauser Group NV, Stericycle Inc, and Becton Dickinson and Co, among others.   

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