The Europe Medical Waste Containers Market would witness market growth of 6.7% CAGR during the forecast period (2020-2026). Growing incidence of Hospital Acquired Infections (HAIs) owing to the absence of sanitation and precaution is one of the principal factors leading to market growth. For example, according to the CDC, around one in 25 hospital patients gets at least one HAI every year. The apt disposal of medical waste in medical waste containers offers general protection against infection and can help in lowering the risk of contracting HAIs. Additionally, they also avert the spread of bacterial and microbial infections in clinics and hospitals. Consequently, these factors are expected to drive market growth over the foreseeable period.
The rising number of surgeries worldwide is also a crucial factor anticipated to boost market growth over the foreseeable period. For example, according to the Mölnlycke Health Care AB, about 70 million surgical procedures are accomplished every year only in Europe. The medical waste produced from surgeries needs proper disposal containers, due to which the demand will increase for medical waste containers.
Furthermore, governments have also instigated strict safety and environmental conservation policies concerning the disposal and containment of waste. These factors have aided the growth of the market. Though, the quality of the container can still stance a threat as tainted quality products may break while transportation, resulting in the introduction of humans and animals to harmful waste. Therefore, these factors have been limiting the growth of the market.
Based on Product Type, the market is segmented into Chemotherapy Containers, Resource Conservation and Recovery Act (RCRA) Containers, Biohazardous Medical Waste Containers and Other Product Types. Based on Waste Type, the market is segmented into General Medical Waste, Hazardous Medical Waste, Infectious Medical Waste and Other Waste Types. Based on End Use, the market is segmented into Hospitals & Private Clinics, Research Institutes, Diagnostic Laboratories and Other End Use. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Medical Waste Containers Market in Europe is expected to register a CAGR of 6.7% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Cardinal Health, Inc., Henry Schein, Inc., Mauser Packaging Solutions Holding Company, Bondtech Corporation, Daniels Sharpsmart, Inc. (Daniel Health), EnviroTain, LLC, Sharps Compliance, Inc. and Bemis Manufacturing Company, Inc.
By Product Type
By Waste Type
By End Use
By Country
Companies Profiled
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