Europe Sharps Containers Market Size & Share Analysis - Growth, Trends & Forecasts (2024 - 2029)

Europe Sharps Containers Market Analysis

The Europe Sharps Containers Market size is estimated at USD 184.73 million in 2024, and is expected to reach USD 232.67 million by 2029, growing at a CAGR of 4.67% during the forecast period (2024-2029).

Factors such as the rising need for effective medical waste management and the high generation of medical waste, coupled with the increasing number of surgeries, are expected to boost market growth.

The rising need for medical waste management and the increased medical waste generation in European countries are major factors driving market growth as they are expected to boost the need for sharps containers in the region. For instance, according to an article published by the Journal of Healthcare in January 2023, the healthcare industry in Europe generates a large amount of healthcare waste, with high-income countries estimated to produce up to almost 11 kg of hazardous waste per hospital bed per day (kg/bed/day). The management of sharps waste is crucial as it is considered hazardous waste since it includes intravenous needles, hypodermic needles, broken ampules, and vials, among others. Hence, the rising medical waste generation and the urgency of having proper medical waste management infrastructure are expected to drive the adoption of sharps containers, which will drive the growth of the market studied.

Moreover, according to data updated by Destatis in September 2023, an estimated 15.9 million inpatient surgeries took place in Germany in 2022. Out of the 15.9 million surgeries, 377.9 thousand were intestinal surgeries, 324.7 thousand were lumber spine surgeries, and 282.7 thousand were endoscopic surgeries on bile ducts. Thus, the large number of surgeries taking place in Germany is also a major factor driving market growth, as it would lead to increased adoption of sharps containers for sharps waste disposal.

Therefore, owing to factors such as the rising number of surgeries, the increasing medical waste generation, and the rising strategic activities by market players, the market studied is anticipated to grow over the analysis period. However, the inadequate training for the staff dealing with hazardous waste and lack of knowledge regarding the disposal of sharps are likely to impede market growth.

Europe Sharps Containers Market Trends

The Multipurpose Containers Segment Expected to Witness Significant Growth Over the Forecast Period

Europe Sharps Containers Industry Segmentation

As per the scope of the report, a sharps container is a hard plastic container utilized for the disposal of hypodermic needles and other sharp medical items, including IV catheters and disposable scalpels, in a safe manner. The containers are frequently sealable, self-locking, and robust, thereby blocking waste from penetrating the container's surfaces.

The European sharps containers market is segmented by usage, type, container size, distribution channel, and geography. By usage, the market is segmented into single-use containers and reusable containers. By type, the market is segmented into patient room containers, phlebotomy containers, and multipurpose containers. By container size, the market is segmented into 1-2 gallons, 2-4 gallons, and 4-8 gallons. By distribution channel, the market is segmented into direct sale, online sale, and retail sale. By geography, the market is segmented into Germany, the United Kingdom, France, Italy, Spain, and the Rest of Europe. The report offers the market sizes and forecasts in value terms (USD) for the above segments.