Sharps Container Market Size To Reach $478.72 Million By 2030

December 2024 | Report Format: Electronic (PDF)

Sharps Container Market Growth & Trends

The global sharps container market size is anticipated to reach USD 478.72 million by 2030 and is projected to grow at a CAGR of 4.86% from 2025 to 2030, according to a new report by Grand View Research, Inc. Healthcare facilities, ranging from hospitals to outpatient clinics, generate significant volumes of sharps waste, necessitating proper disposal methods to prevent injuries and contamination. Regulatory requirements across regions mandate the use of specialized sharps containers, further fueling market demand. In addition, innovations in container design, such as tamper-proof and eco-friendly options, are enhancing usability and compliance, contributing to overall market expansion. The rise in healthcare spending globally and the increasing number of healthcare facilities in emerging economies are also critical factors supporting this growth.

The increasing volume of surgical procedures worldwide significantly impacts the demand for sharps containers. According to an NIH report published in April 2024, 11.3% of individuals in the United States reported undergoing surgery within the past year. In addition, among household residents in the country, approximately 1 in 9 people underwent at least one surgical procedure during the same period. Surgeries generate a high quantity of sharps waste, including scalpel blades, syringes, and needles. Advanced surgical techniques and the growing prevalence of minimally invasive surgeries in developed and emerging countries require effective sharps disposal to maintain safety and hygiene standards. Moreover, the aging global population is leading to a rise in surgeries for chronic conditions such as cardiovascular diseases and diabetes, further boosting sharps waste generation. As a result, healthcare providers prioritize the adoption of high-quality sharps containers to ensure compliance with health regulations, contributing to market growth.

The expansion of hospital networks and the development of healthcare infrastructure globally are vital factors driving the market growth. Governments and private entities are investing in modernizing healthcare facilities, especially in emerging economies, leading to increased demand for medical waste management solutions. Hospitals, being the largest producers of sharps waste, rely on standardized sharps containers to ensure safe and efficient disposal. The rise in hospital admissions due to both elective and emergency procedures contributes to higher consumption of sharps, subsequently boosting the market for sharps containers. In addition, the construction of new hospitals and upgrades to existing ones incorporate advanced waste management systems, further fostering market growth.

Companies are focusing on expanding their service offerings and sustainability efforts to meet increasing demand. For instance, in June 2024, Waste Management, Inc. and Stericycle announced an agreement under which Waste Management will acquire all outstanding shares of Stericycle. This move aims to provide customers with a single service provider for a wide range of environmental solutions. The collaboration emphasizes sustainability and aims to support communities by offering services that promote safety, health, and efficient waste management practices.

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Sharps Container Market Highlights

The patient room containers segment led the market with the largest revenue share of 34.88% in 2024, driven by the increasing number of hospital admissions and the rising demand for safe medical waste disposal solutions.
Based on usage, the single-use containers segment led the market with the largest revenue share of 69.60% in 2024, and it is anticipated to grow at the fastest CAGR during the forecast period, driven by the rising demand for safe and convenient disposal solutions.
Based on size, the 1-2 gallons segment led the market with the largest revenue share of 14.91% in 2024, driven by the increasing need for compact and portable disposal solutions. These containers are particularly popular in healthcare settings such as hospitals, clinics, and nursing homes, where they are ideal for managing moderate amounts of sharps waste.
Based on end use, the hospitals & clinic segment led the market with the largest revenue share of 33.82% in 2024, due to the increasing number of admissions and medical procedures requiring sharp instruments.
North America dominated the market with the largest revenue share of 45.62% in 2024, fueled by expanding healthcare infrastructure, stringent regulatory standards, and growing awareness of safe medical waste disposal.