The sharps containers landscape in Europe is forecast to generate US$ 172.1 million in 2024. The industry is expected to generate US$ 262.2 million by 2034. Over the forecast period, a 4.3% CAGR is expected for the landscape
| Attributes | Key Insights |
|---|---|
| Sharps Container in Europe Industry Value in 2024 | US$ 172.1 million |
| Projected Industry Value in 2034 | US$ 262.2 million |
| Value-based CAGR from 2024 to 2034 | 4.3% |
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Sharps containers are growing rapidly due to the increasing amount of medical waste around the world. Healthcare facilities are under increasing pressure to diagnose and treat various health disorders, resulting in much medical waste.
Healthcare is closely associated with the sharps containers business. Regulatory authorities recommend disposing of hazardous materials quickly using sharps containers. Sharps containers are available at traditional pharmacies, medical centers, companies that provide medical supplies, and on the internet.
Sharps containers in Europe generated US$ 166.8 million in 2023. The industry showed a growth rate of 3.1% from 2019 to 2023. Increasingly complex healthcare systems are creating new demands on sharps containers, which is expected to increase their sales size in the future. With the expansion and upgrade of healthcare facilities, safe disposal solutions will become more important.
Sharps disposal is an integral part of infection control in the clinical setting. Several studies have demonstrated that patients with suppressed immune systems can become infected with microorganisms from reusable, reprocessed medical devices. Various businesses offering infectious waste disposal offered both reusable and single-use containers.
As chronic diseases such as diabetes become more prevalent, they require regular medical treatment. As a result, medical sharps are used more frequently, resulting in a greater demand for safe disposal options. Medical waste disposal regulations will likely continue to be strictly enforced by governmental and regulatory bodies. Sharps containers will be used more frequently due to compliance with these regulations.
| Attributes | Details |
|---|---|
| HCAGR from 2019 to 2023 | 3.1% |
| FCAGR from 2024 to 2034 | 4.3% |
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The following table shows the top five countries by revenue, led by Spain and the United Kingdom. Europe sharps containers are likely to become more popular as a result of innovative materials and smart waste management systems. These two countries are expected to increase their sharps container sales through 2034.
Forecast CAGRs of 2024 to 2034
| Attributes | Details |
|---|---|
| The United Kingdom | 4% |
| Germany | 3.1% |
| Spain | 4.5% |
| France | 3.6% |
| Italy | 2.7% |
Sharps containers are experiencing rapid growth in the United Kingdom. A CAGR of 4% is projected for the industry through 2034. As healthcare becomes more prevalent and high-quality equipment becomes more widespread, sharps containers will be in high demand. Over the next few years, demand is expected to increase due to increasing investments and research and development studies.
Approximately 538,600 tons of medical waste are generated by the National Health Services of the United Kingdom every year compared to 5.9 metric tons of medical waste that is generated in the United States, according to a study published in March 2021, titled "The Carbon Footprint of Waste Streams in a UK Hospital.”
Increasing surgical procedures and vaccinations in the country may boost sharps container sales. In addition, government regulations governing the proper disposal of medical waste will contribute to the growth of the industry.
Germany's need for sharps containers is expected to grow rapidly with the growing economy. The industry is expected to exhibit a 3.1% CAGR over the next few years. As key manufacturers increasingly establish themselves in Germany, sharps containers will see considerable demand in the years ahead.
"German Heart Surgery Report 2020: The Annual Updated Registry" was released by the German Society for Thoracic and Cardiovascular Surgery in June 2021. It documented 92,809 heart surgeries. Isolated coronary artery bypass surgeries accounted for 29,444 procedures, while isolated heart valve surgeries accounted for 35,469, and isolated heart transplant operations accounted for 340 procedures.
Increasing volumes of medical waste and the introduction of multipurpose containers grew in demand. Due to the growing concerns over worker safety and environmental concerns, reusable sharps containers are becoming more popular. A number of regulations and guidelines in Germany governs medicinal waste management.
Sharps containers are the most popular products in Spain. The industry is expected to record a CAGR of 4.5% during the forecast period. As hospital-acquired infections increase and waste management needs become more complex, the medical waste container industry is expected to grow.
As chronic infections increase and automated disposable systems become more prevalent, sharps containers will become more in demand. Technology adoption and the construction of smart sensors to track the activities of these containers are driving demand in the country.
Sharps containers are becoming increasingly popular in France. A CAGR of 3.6% is anticipated for the industry by 2034. Government regulation and the introduction of new disposal methods are expected to increase demand in the next few years. Taking care of sharps was not just a concern in healthcare settings.
Patients who self-administer medications at home, like diabetics, are required to safely and properly dispose of needles and syringes. Individuals discarded sharps safely and securely in sharps containers without putting themselves and others at risk.
According to the French Finance Act 2009, pharmacies are responsible for disposing of home-generated medical waste. Approximately 1.4 million patients self-manage on French territory, generating 360 tons of medical waste yearly.
The demand for sharps containers is expected to increase in Italy over the next few years. By 2034, the industry is expected to expand at a CAGR of 2.7%. The growing use of reusable products, especially in hospitals, suggests that Italy could also benefit from sharps containers.
Growing syringe usage in the country will increase demand for sharps containers. As chronic diseases become more prevalent and the number of patients increases, the demand for various treatments will rise. As a result, demand for sharps containers will grow.
According to industry forecasts, the reusable segment will hold 63.4% of the industry share in 2024. Hospitals are projected to hold an industry share of 36.3%.
| Attributes | Details |
|---|---|
| Reusable Industry Share in 2024 | 63.4% |
| Hospital Industry Share in 2024 | 36.3% |
Reusables are a rapidly growing segment over the coming years. Reusable containers is expected to hold an industry share of 63.4% in 2024. The use of reusable sharps containers is a safe, compliant, sustainable, and cost-effective way to dispose of sharps waste.
Sharps waste and greenhouse gas emissions can be reduced significantly by converting from disposable to reusable sharps containers. The use and disposal of reusable sharps containers are both emphasized in OSHA's policies concerning reusable sharps containers. All these factors will drive demand for reusable sharps containers in the coming years.
Based on the end use, the hospital segment is expected to be dominant in coming years. Hospitals are expected to hold a 36.3% of the revenue share by 2024. It is estimated that the amount of sharps waste in hospitals is increasing because of favorable reimbursement policies in private and public hospitals worldwide. As a result, the industry is expected to grow.
Increasing chronic illness rates are expected in the near future, resulting in an increase in demand for demand. The increasing availability of diagnostic laboratories and the number of blood tests have increased the demand for products within the industry.
Several players are dominant in the industry. Product launches are carried out worldwide to meet the demands of users and maximize output. Investing significantly in research and development further enhances their business expansion. Mergers and acquisitions, partnerships, and collaborations are some of the strategies used by the key players.
| Attributes | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 172.1 million |
| Projected Industry Valuation in 2034 | US$ 262.2 million |
| Value-based CAGR 2024 to 2034 | 4.3% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Industry Analysis | Value in US$ million |
| Key Industry Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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The sharps container industry in Europe is poised to be valued at US$ 172.1 million in 2024.
Sharps container sales in Europe are projected to increase at a 4.3% CAGR from 2024 to 2034.
The sharps container ecosystem in Europe is predicted to reach US$ 262.2 million by 2034.
Reusable sharps containers are expected to contribute the most to Europe's sharps container industry, accumulating a 63.4% revenue share in 2024.
The hospital segment is expected to dominate sharps container demand in Europe.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Usage 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Usage, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Usage, 2024 to 2034 5.3.1. Disposable 5.3.2. Reusable 5.4. Y-o-Y Growth Trend Analysis By Usage, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Usage, 2024 to 2034 6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Capacity 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2024 to 2034 6.3.1. Up to 5L 6.3.2. 5L to 10L 6.3.3. Above 10L 6.4. Y-o-Y Growth Trend Analysis By Capacity, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Capacity, 2024 to 2034 7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034 7.3.1. Hospitals 7.3.2. Research Centres 7.3.3. Pharmaceutical Companies 7.3.4. Other Government Institute 7.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034 8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Country, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Country, 2024 to 2034 8.3.1. UK 8.3.2. Germany 8.3.3. Italy 8.3.4. France 8.3.5. Spain 8.3.6. Rest of Europe 8.4. Market Attractiveness Analysis By Country 9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Region 9.2.1.1. Southern (UK) 9.2.1.2. Northern (UK) 9.2.1.3. Western (UK) 9.2.1.4. Northern (Ireland) 9.2.2. By Usage 9.2.3. By Capacity 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Region 9.3.2. By Usage 9.3.3. By Capacity 9.3.4. By End Use 9.4. Key Takeaways 10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Region 10.2.1.1. North-east (Germany) 10.2.1.2. North-west (Germany) 10.2.1.3. Central (Germany) 10.2.1.4. South (Germany) 10.2.1.5. Other(Germany) 10.2.2. By Usage 10.2.3. By Capacity 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Region 10.3.2. By Usage 10.3.3. By Capacity 10.3.4. By End Use 10.4. Key Takeaways 11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Region 11.2.1.1. North (Italy) 11.2.1.2. Central (Italy) 11.2.1.3. South (Italy) 11.2.1.4. Islands (Italy) 11.2.2. By Usage 11.2.3. By Capacity 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Region 11.3.2. By Usage 11.3.3. By Capacity 11.3.4. By End Use 11.4. Key Takeaways 12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Region 12.2.1.1. Northern (France) 12.2.1.2. Central (France) 12.2.1.3. Southern (France) 12.2.1.4. Eastern (France) 12.2.2. By Usage 12.2.3. By Capacity 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Region 12.3.2. By Usage 12.3.3. By Capacity 12.3.4. By End Use 12.4. Key Takeaways 13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Region 13.2.1.1. Basque Country 13.2.1.2. Andalusia 13.2.1.3. Extremadura 13.2.1.4. Catalonia 13.2.1.5. Valencia 13.2.1.6. Rest of Spain 13.2.2. By Usage 13.2.3. By Capacity 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Region 13.3.2. By Usage 13.3.3. By Capacity 13.3.4. By End Use 13.4. Key Takeaways 14. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Usage 14.2.2. By Capacity 14.2.3. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Usage 14.3.2. By Capacity 14.3.3. By End Use 14.4. Key Takeaways 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Usage 15.3.3. By Capacity 15.3.4. By End Use 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Becton, Dickinson and Company 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Bondtech Corporations 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Daniels - A Mauser Company 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Daniels Sharpsmart Inc 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. GPC Medical Ltd 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Henry Schein 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Stericycle, Inc 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Thermo Fisher Scientific Inc 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Amcor 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Sharps Container Industry Analysis in Europe
