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Medical Waste Containers Market Incredible Potential, Stagnant Progress According to New Research Report

Transparency Market Research (TMR) has published a new report titled, ‘Medical Waste Containers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global medical waste containers market was valued at US$ 1.7 Bn in 2018 and is projected to expand at a CAGR of 5.1% from 2019 to 2027.

Overview

  • Medical waste consists of discarded biological products removed from health care facilities. The 1988 Medical Waste Tracking Act defines medical waste as the waste material generated during medical research, testing, diagnosis, immunization, or treatment of either human beings or animals.
  • Medical waste containers are used by waste generators to collect waste that is generated by health care facilities. They are available in different designs depending upon the type of waste that is to be collected. Containers are defined by specific colors and labels to make them distinguishable from others.
  • North America dominated the global medical waste containers market in 2018 and the trend is anticipated to continue during the forecast period. Highly structured health care industry, increase in prevalence of major chronic diseases and are expected to drive the market in North America.
  • Asia Pacific is likely to be a highly lucrative market for medical waste containers and it is expected to expand at a high CAGR during the forecast period

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Rapidly growing health care and pharmaceutical industries and Initiatives by governments and non-government organizations (NGOs) to Drive Market

  • Increasing R&D activities, rising pool of patients suffering from chronic diseases, and rapidly growing health care and pharmaceutical industries worldwide are some factors that lead to increase in the demand for collection of medical waste from large as well as small medical waste generators across the world
  • Medical waste management is a critical issue worldwide. In order to ensure safety from hazardous medical waste, several government organizations such as the Food and Drug Administration (FDA), the Environment Protection Agency (EPA), and the Drug Enforcement Administration (DEA) are constantly working toward proper management of medical waste.
  • Several non-government organizations (NGOs) and community-based organizations (CBOs) are stepping in to help hospitals and other health care facilities collect, recycle, and dispose of medical waste. For instance, Intervol, a New York-based NGO, is actively engaged in collecting unused medical supplies. It encourages health care facilities to recycle such unused supplies and reduce costs of their disposal.

Pharmaceutical Containers Segment to Dominate Market

  • Based on product type, the global medical waste containers market has been divided into chemotherapy containers, biohazard containers, RCRA containers, pharmaceutical containers, and sharp containers. The pharmaceutical containers segment dominated the global medical waste containers market in 2018 and the trend is projected to continue during the forecast period. Increased investment by key players in the pharmaceutical sectors and increasing R&D activities in the medical field. The biohazard medical waste containers segment is a prominent segment of the global medical waste containers market.
  • Biohazard containers segment is likely to be a highly lucrative market for medical waste containers and it is expected to expand at a high CAGR during the forecast period. Health care institutions generate enormous amount of waste which is considered potentially hazardous. Hospitals generate around 0.5 to two kilograms of hazardous waste per bed per day, which is projected to propel the growth of this segment.

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Non-infectious Waste Segment to be Highly Lucrative Segment

  • In terms of waste type, the global medical waste containers market has been classified into infectious & pathological waste, non-infectious waste, radioactive waste, sharps waste, and pharmaceutical waste.
  • Rise in incidence of chronic diseases and increase in medical care provided by health care facilities are factors responsible for the estimated dominance of this segment by during the forecast period. Consistent expansion of the pharmaceutical and health care industry in emerging countries contributes a large share to non-infectious waste, which is likely to drive the non-infectious waste segment of the global medical waste containers market.
  • The pharmaceutical waste segment is expected to expand at a significant CAGR by 2027

Reusable Containers to Be the Most Promising Usage Segment for Investment

  • In terms of usage type, the medical waste containers market has been segmented into reusable and disposable containers.
  • The reusable segment held a dominant share of global medical waste containers market in 2018, as private players are taking initiatives to develop reusable containers with innovative features such as puncture-resistant and leak-resistant design.

Hospitals Segment to be Highly Lucrative Segment

  • In terms of medical waste generators, the global medical waste containers market has been classified into hospitals, clinics & physicians’ offices, long-term care & urgent care centers, pharmacies, pharmaceutical companies, and others.
  • The hospitals segment dominated the medical waste containers market due to rising number of invasive surgical procedures across the globe. According to a report published by the American Hospital Association in 2019 on waste prevention and management in hospitals, nearly 6,210 hospitals in the U.S. produce an average of 5.9 million tons of waste per year. This is one of the major factors for the estimated expansion of the hospitals segment.
  • The pharmaceutical companies segment is expected to expand at a fastest CAGR during the forecast period. This is due to pharmaceutical companies generate large quantities of non-infectious medical waste. Increase in R&D activities in the pharmaceutical industry and rise in the number of retail pharmacies are anticipated to drive the segment during the forecast period.

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North America to Dominate Global Market

  • In terms of region, the global medical waste containers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global medical waste containers market in 2018, followed by Europe.
  • North America accounted for major share of the global medical waste containers market in 2018. This is attributable to highly developed health care sector, rise in prevalence of infectious & chronic diseases that require advanced medical & surgical aids and generate significant medical waste and residues, and presence of established players in the U.S.
  • The medical waste containers market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. This can be attributed to Increase in awareness about medical waste management, growth in pharmaceutical sectors in countries such as China, Japan, and India, and establishment of stringent regulations for the proper disposal of medical waste by government organizations are anticipated to trigger the growth of the medical waste containers market in Asia Pacific.

Competitive Landscape

The global medical waste containers market is fragmented in terms of number of players. Key players in the global market include Sharps Compliance, Inc., Henry Schein, Inc., BD, Medtronic, Daniels Health, Bemis Manufacturing Company, Bondtech Corporation, Terra Universal, Inc., Thermo Fisher Scientific, Inc., EnviroTain, LLC, and MAUSER Group and other prominent players.

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Analysis Forecast

Medical Waste Containers Market with Competitive Analysis, New Business Developments and Top Companies: Daniels Health, Thermo Fisher Scientific, EnviroTain, Henry Schein, MAUSER Group

Medical Waste Containers Market Overview 2020 – 2025

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The rising technology in Medical Waste Containers Market is also depicted in this research report. Factors that are boosting the growth of the market, and giving a positive push to thrive in the global market is explained in detail.

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Key Competitors of the Global Medical Waste Containers Market are: , Medtronic, BD, Daniels Health, Thermo Fisher Scientific, EnviroTain, Henry Schein, MAUSER Group, Bemis Manufacturing Company, Terra Universal, Bondtech Corporation, Sharps Compliance, GPC Medical Ltd.

Historical data available in the report elaborates on the development of the Medical Waste Containers on national, regional and international levels. Medical Waste Containers Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis.

Major Product Types covered are:
Chemotherapy Containers
Pharmaceutical Containers
Sharps Containers
RCRA Containers
Biohazard Medical Waste Containers

Major Applications of Medical Waste Containers covered are:
Hospitals
Clinics
Long Term Care & Urgent Care Centers
Others

This study report on global Medical Waste Containers market throws light on the crucial trends and dynamics impacting the development of the market, including the restraints, drivers, and opportunities.

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The fundamental purpose of Medical Waste Containers Market report is to provide a correct and strategic analysis of the Medical Waste Containers industry. The report scrutinizes each segment and sub-segments presents before you a 360-degree view of the said market.

Market Scenario:

The report further highlights the development trends in the global Medical Waste Containers market. Factors that are driving the market growth and fueling its segments are also analyzed in the report. The report also highlights on its applications, types, deployments, components, developments of this market.

Highlights following key factors:

:- Business description – A detailed description of the company’s operations and business divisions.
:- Corporate strategy – Analyst’s summarization of the company’s business strategy.
:- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.
:- Company history – Progression of key events associated with the company.
:- Major products and services – A list of major products, services and brands of the company.
:- Key competitors – A list of key competitors to the company.
:- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
:- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.

Our report offers:

– Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.

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Analysis Forecast Coronavirus COVID-19 Industry Impact Market Reports Market Size Market Study News Space

Corona impact on Global Medical Waste Containers Market 2025: Size, Industry Growth, Outlook and Analysis 2020| Medtronic, BD, Daniels Health, Thermo Fisher Scientific

The global Corona impact on Medical Waste Containers Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Medical Waste Containers Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Medical Waste Containers Market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Medical Waste Containers Market. We have also focused on SWOT, PESTLE, and Porter’s Five Forces analyses of the global Medical Waste Containers Market.

Leading players of the global Medical Waste Containers Market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Medical Waste Containers Market. Furthermore, the report offers two separate market forecasts – one for the production side and another for the consumption side of the global Medical Waste Containers Market. It also provides useful recommendations for new as well as established players of the global Medical Waste Containers Market.

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Major Players:
Medtronic, BD, Daniels Health, Thermo Fisher Scientific, EnviroTain, Henry Schein, MAUSER Group, Bemis Manufacturing Company, Terra Universal, Bondtech Corporation, Sharps Compliance, GPC Medical Ltd.

Segmentation by Product:

Chemotherapy Containers
Pharmaceutical Containers
Sharps Containers
RCRA Containers
Biohazard Medical Waste Containers

Segmentation by Application:

Hospitals
Clinics
Long Term Care & Urgent Care Centers
Others

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Competitive Analysis:

Global Medical Waste Containers Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Medical Waste Containers Market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Scope of the Report:
The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Medical Waste Containers Market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.

The global Medical Waste Containers market is expected to reach xxx Million USD by 2025, with a CAGR of xx% from 2020 to 2025.

The key insights of the Corona impact on Medical Waste Containers Market report::

– The report provides key statistics on the market status of the Medical Waste Containersmanufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
– The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
– The report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for key vendors.
– The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
– The report estimates 2020-2026 market development trends of Medical Waste Containers industry.
– Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.
– The report makes some important proposals for a new project of Medical Waste Containers industry before evaluating its feasibility.

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Coronavirus COVID-19 Industry Impact Market Reports Market Size Market Study News

Impact of COVID-19 on Global Medical Waste Containers Market with Covid-19 Effect Analysis | likewise Industry is Booming Globaly with Key Players Medtronic, BD, Daniels Health, Thermo Fisher Scientific, EnviroTain, etc

Medical-Waste-Containers-market

Note: Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Medical Waste Containers Market which would mention How the Covid-19 is Affecting the Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Key Regions and Proposal for Medical Waste Containers Market Players to battle Covid-19 Impact.

Overview of Medical Waste Containers Market 2020-2025:

The Medical Waste Containers Market report is compilation of intelligent, broad research studies that will help players and stakeholders to make informed business decisions in future. It offers detailed research and analysis of key aspects of the Medical Waste Containers market. Readers will be able to gain deeper understanding of the competitive landscape and its future scenarios, crucial dynamics, and leading segments of the global Medical Waste Containers market. Buyers of the report will have access to accurate PESTLE, SWOT and other types of analysis on the global Medical Waste Containers market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped Medical Waste Containers markets to extend their reach and create sales opportunities.

The study encompasses profiles of major Companies/Manufacturers operating in the global Medical Waste Containers Market. Key players profiled in the report include: Medtronic, BD, Daniels Health, Thermo Fisher Scientific, EnviroTain, Henry Schein, MAUSER Group, Bemis Manufacturing Company, Terra Universal, Bondtech Corporation, Sharps Compliance, GPC Medical Ltd. and More…

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Segmental Analysis:
The report has classified the global Medical Waste Containers market into segments including product type and application. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the Medical Waste Containers manufcaturers in the coming years. The regional analysis includes reliable predictions on value and volume, there by helping market players to gain deep insights into the overall Medical Waste Containers industry.

Market Segment By Type:
Chemotherapy Containers
Pharmaceutical Containers
Sharps Containers
RCRA Containers
Biohazard Medical Waste Containers

Market Segment By Application:
Hospitals
Clinics
Long Term Care & Urgent Care Centers
Others

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The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Medical Waste Containers market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Medical Waste Containers industry to help players plan effective expansion strategies.

Regions Covered in the Global Medical Waste Containers Market:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Years Considered to Estimate the Market Size:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020-2025

Highlights of the Report:

  • Accurate market size and CAGR forecasts for the period 2019-2025.
  • Identification and in-depth assessment of growth opportunities in key segments and regions.
  • Detailed company profiling of top players of the global Medical Waste Containers market.
  • Exhaustive research on innovation and other trends of the global Medical Waste Containers market.
  • Reliable industry value chain and supply chain analysis.
  • Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects.

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Reasons to buy:

  • Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
  • Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
  • Classify potential new clients or partners in the target demographic.
  • Develop tactical initiatives by understanding the focus areas of leading companies.
  • Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
  • Formulate corrective measures for pipeline projects by understanding Medical Waste Containers pipeline depth.
  • Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
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