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Asia Pacific Sharps Containers Market Forecast to 2030 - Regional Analysis - by Product, Usage, Waste Type, Waste Generators, Container Size, and Distribution Channel

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    Report

  • 94 Pages
  • December 2023
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5932990
UP TO OFF until Dec 31st 2024
The Asia Pacific sharps containers market is expected to grow from US$ 133.10 million in 2022 to US$ 203.52 million by 2030. It is estimated to grow at a CAGR of 5.5% from 2022 to 2030.

Increasing Government Initiatives for Safe Sharps Disposal Fuels Asia Pacific Sharps Containers Market

Today, safe practices related to the handling and disposal of sharp healthcare instruments are being implemented to protect staff, patients, and visitors from exposure to bloodborne infections. In addition, concerned authorities, such as National Health Service (NHS) and Food and Drug Administration (FDA), have taken sharps disposal initiatives to reduce the risks involved. The waste is classified as biomedical waste, which includes items that can pierce the skin, such as blades, needles, syringes, lancets, knives, scissors, broken glass, and sharp plastic. The ultimate goal of sharps waste management is to carefully handle and treat sharp materials until disposal.

Government agencies make the necessary efforts to implement guidelines for the effective disposal of medical waste. The World Health Organization (WHO) and other regulatory agencies worldwide have established standard guidelines for the disposal and management of biomedical waste. All pharmaceutical companies, research institutes, hospitals, and other healthcare providers must comply with governing body guidelines. Manufacturers are also required to follow certain guidelines when manufacturing sharps containers.

Therefore, the increase in initiatives and guidelines by regulatory agencies for the safe disposal of sharps is expected to provide growth opportunities for the Asia Pacific sharps containers market.

Asia Pacific Sharps Containers Market Overview

The Asia Pacific sharps containers market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The large population countries such as China and India are expected to boost the Asia Pacific sharps containers market owing to increased focus of market players on these regions and introduction of new products or therapies in the country. With strong business prospects in Asia Pacific, companies focus on expanding product portfolios, diversifying business operations, minimizing overall costs, and providing maximum user satisfaction. The rapid prevalence of diabetes and rising incidence of skin rejuvenation through cosmetic procedures to improve aesthetic appeal are a few factors expected to positively impact the market growth over the forecast period. Additionally, a strong product pipeline portfolio and future commercialization of sharps containers are expected to provide a future growth opportunity for market players in Asia Pacific. Therefore, the region holds a huge potential for Asia Pacific sharps containers market players.

Asia Pacific Sharps Containers Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Sharps Containers Market Segmentation

The Asia Pacific sharps containers market is segmented into product, usage, waste type, waste generators, container size, distribution channel, and country.

Based on product, the Asia Pacific sharps containers market is segmented into multipurpose containers, patient room containers, and phlebotomy containers. The multipurpose containers segment held the largest share of the Asia Pacific sharps containers market in 2022.

Based on usage, the Asia Pacific sharps containers market is segmented into reusable containers and disposable containers. The reusable containers segment held a larger share of the Asia Pacific sharps containers market in 2022.

Based on waste type, the Asia Pacific sharps containers market is segmented into infectious waste and non-infectious waste. The infectious waste held a larger share of the Asia Pacific sharps containers market in 2022.

Based on waste generators, the Asia Pacific sharps containers market is segmented into hospitals, pharmaceutical companies, laboratories, clinics & physician’s offices, and others. The hospitals held the largest share of the Asia Pacific sharps containers market in 2022.

Based on container size, the Asia Pacific sharps containers market is segmented into 1-3 gallons, 4-6 gallons, 7-8 gallons, and others. The 1-3 gallons held the largest share of the Asia Pacific sharps containers market in 2022.

Based on distribution channel, the Asia Pacific sharps containers market is segmented into medical supply companies, pharmacies, online sale, and others. The medical supply companies held the largest share of the Asia Pacific sharps containers market in 2022.

Based on country, the Asia Pacific sharps containers market is segmented int o China, Japan, India, South Korea, Australia, and the Rest of South Korea. China dominated the Asia Pacific sharps containers market in 2022.

Stericycle Inc, Dailymag Magnetic Technology Ltd, GPC Medical Ltd, and Becton Dickinson and Co are some of the leading companies operating in the Asia Pacific sharps containers market.

Table of Contents

1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Sharps Containers Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific PEST Analysis
5. Asia Pacific Sharps Containers Market - Key Industry Dynamics
5.1 Key Market Drivers:
5.1.1 Increase in Generation of Medical Waste
5.1.2 Rise in Hospitalizations in Private and Public Hospitals Globally
5.2 Market Restraints
5.2.1 Lack of Awareness About Proper Methods of Sharps Waste Containment and Disposal
5.3 Market Opportunities
5.3.1 Increasing Initiatives and Guidelines by Regulatory Agencies for Safe Sharps Disposal
5.4 Future Trends
5.4.1 Growing Use of Multipurpose Containers
5.5 Impact Analysis:
6. Sharps Containers Market - Asia Pacific Market Analysis
6.1 Asia Pacific Sharps Containers Market Revenue (US$ Million), 2022 - 2030
7. Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 - by Product
7.1 Overview
7.2 Asia Pacific Sharps Containers Market Revenue Share, by Product 2022 & 2030 (%)
7.3 Multipurpose Containers
7.3.1 Overview
7.3.2 Multipurpose Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Patient Room Containers
7.4.1 Overview
7.4.2 Patient Room Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Phlebotomy Containers
7.5.1 Overview
7.5.2 Phlebotomy Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 - by Usage.
8.1 Overview
8.2 Asia Pacific Sharps Containers Market Revenue Share, by Usage 2022 & 2030 (%)
8.3 Reusable Containers
8.3.1 Overview
8.3.2 Reusable Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Disposable Containers
8.4.1 Overview
8.4.2 Disposable Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 - by Waste Type
9.1 Overview
9.2 Asia Pacific Sharps Containers Market Revenue Share, by Waste Type 2022 & 2030 (%)
9.3 Infectious Waste
9.3.1 Overview
9.3.2 Infectious Waste: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Non-Infectious Waste
9.4.1 Overview
9.4.2 Non-Infectious Waste: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 - by Waste Generators
10.1 Overview
10.2 Asia Pacific Sharps Containers Market Revenue Share, by Waste Generators 2022 & 2030 (%)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
10.4 Pharmaceutical Companies
10.4.1 Overview
10.4.2 Pharmaceutical Companies: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
10.5 Laboratories
10.5.1 Overview
10.5.2 Laboratories: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
10.6 Clinics & Physician’s Offices
10.6.1 Overview
10.6.2 Clinics & Physician’s Offices: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
11. Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 - by Container Size
11.1 Overview
11.2 Asia Pacific Sharps Containers Market Revenue Share, by Container Size 2022 & 2030 (%)
11.3 1-3 Gallons
11.3.1 Overview
11.3.2 1-3 Gallons: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
11.4 4-6 Gallons
11.4.1 Overview
11.4.2 4-6 Gallons: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
11.5 7-8 Gallons
11.5.1 Overview
11.5.2 7-8 Gallons: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
11.6 Others
11.6.1 Overview
11.6.2 Others: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
12. Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 - by Distribution Channel
12.1 Overview
12.2 Asia Pacific Sharps Containers Market Revenue Share, by Waste Type 2022 & 2030 (%)
12.3 Medical Supply Companies
12.3.1 Overview
12.3.2 Medical Supply Companies: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
12.4 Pharmacies
12.4.1 Overview
12.4.2 Pharmacies: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
12.5 Online Sales
12.5.1 Overview
12.5.2 Online Sales: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
12.6 Others
12.6.1 Overview
12.6.2 Others: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
13. Asia Pacific Sharps Containers Market - Country Analysis
13.1 Asia Pacific Sharps Containers Market, Revenue And Forecast to 2030
13.1.1 Overview
13.1.1.1 Asia Pacific Sharps Containers Market by Country
13.1.1.2 China
13.1.1.2.1 Overview
13.1.1.2.2 China: Asia Pacific Sharps Containers Market Revenue and Forecast to 2030 (US$ Million)
13.1.1.2.3 China: Asia Pacific Sharps Containers Market, by Product
13.1.1.2.4 China: Asia Pacific Sharps Containers Market, by Usage
13.1.1.2.5 China: Asia Pacific Sharps Containers Market, by Waste Type
13.1.1.2.6 China: Asia Pacific Sharps Containers Market, by Waste Generators
13.1.1.2.7 China: Asia Pacific Sharps Containers Market, by Container Size
13.1.1.2.8 China: Asia Pacific Sharps Containers Market, by Distribution Channel
13.1.1.3 Japan
13.1.1.3.1 Overview
13.1.1.3.2 Japan: Asia Pacific Sharps Containers Market Revenue and Forecast to 2030 (US$ Million)
13.1.1.3.3 Japan: Asia Pacific Sharps Containers Market, by Product
13.1.1.3.4 Japan: Asia Pacific Sharps Containers Market, by Usage
13.1.1.3.5 Japan: Asia Pacific Sharps Containers Market, by Waste Type
13.1.1.3.6 Japan: Asia Pacific Sharps Containers Market, by Waste Generators
13.1.1.3.7 Japan: Asia Pacific Sharps Containers Market, by Container Size
13.1.1.3.8 Japan: Asia Pacific Sharps Containers Market, by Distribution Channel
13.1.1.4 India
13.1.1.4.1 Overview
13.1.1.4.2 India: Asia Pacific Sharps Containers Market Revenue and Forecast to 2030 (US$ Million)
13.1.1.4.3 India: Asia Pacific Sharps Containers Market, by Product
13.1.1.4.4 India: Asia Pacific Sharps Containers Market, by Usage
13.1.1.4.5 India: Asia Pacific Sharps Containers Market, by Waste Type
13.1.1.4.6 India: Asia Pacific Sharps Containers Market, by Waste Generators
13.1.1.4.7 India: Asia Pacific Sharps Containers Market, by Container Size
13.1.1.4.8 India: Asia Pacific Sharps Containers Market, by Distribution Channel
13.1.1.5 Australia
13.1.1.5.1 Overview
13.1.1.5.2 Australia: Asia Pacific Sharps Containers Market Revenue and Forecast to 2030 (US$ Million)
13.1.1.5.3 Australia: Asia Pacific Sharps Containers Market, by Product
13.1.1.5.4 Australia: Asia Pacific Sharps Containers Market, by Usage
13.1.1.5.5 Australia: Asia Pacific Sharps Containers Market, by Waste Type
13.1.1.5.6 Australia: Asia Pacific Sharps Containers Market, by Waste Generators
13.1.1.5.7 Australia: Asia Pacific Sharps Containers Market, by Container Size
13.1.1.5.8 Australia: Asia Pacific Sharps Containers Market, by Distribution Channel
13.1.1.6 South Korea
13.1.1.6.1 Overview
13.1.1.6.2 South Korea: Asia Pacific Sharps Containers Market Revenue and Forecast to 2030 (US$ Million)
13.1.1.6.3 South Korea: Asia Pacific Sharps Containers Market, by Product
13.1.1.6.4 South Korea: Asia Pacific Sharps Containers Market, by Usage
13.1.1.6.5 South Korea: Asia Pacific Sharps Containers Market, by Waste Type
13.1.1.6.6 South Korea: Asia Pacific Sharps Containers Market, by Waste Generators
13.1.1.6.7 South Korea: Asia Pacific Sharps Containers Market, by Container Size
13.1.1.6.8 South Korea: Asia Pacific Sharps Containers Market, by Distribution Channel
13.1.1.7 Rest of Asia Pacific
13.1.1.7.1 Overview
13.1.1.7.2 Rest of Asia Pacific: Asia Pacific Sharps Containers Market Revenue and Forecast to 2030 (US$ Million)
13.1.1.7.3 Rest of Asia Pacific: Asia Pacific Sharps Containers Market, by Product
13.1.1.7.4 Rest of Asia Pacific: Asia Pacific Sharps Containers Market, by Usage
13.1.1.7.5 Rest of Asia Pacific: Asia Pacific Sharps Containers Market, by Waste Type
13.1.1.7.6 Rest of Asia Pacific: Asia Pacific Sharps Containers Market, by Waste Generators
13.1.1.7.7 Rest of Asia Pacific: Asia Pacific Sharps Containers Market, by Container Size
13.1.1.7.8 Rest of Asia Pacific: Asia Pacific Sharps Containers Market, by Distribution Channel
14. Asia Pacific Sharps Containers Market, Key Company Profiles
14.1 Stericycle Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Dailymag Magnetic Technology Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 GPC Medical Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Becton Dickinson and Co
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
15. Appendix
15.1 About Us
15.2 Glossary of Terms
List of Tables
Table 1. Asia Pacific Sharps Containers Market Segmentation
Table 2. China: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Product
Table 3. China: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Usage
Table 4. China: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Type
Table 5. China: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Generators
Table 6. China: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Container Size
Table 7. China: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Distribution Channel
Table 8. Japan: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Product
Table 9. Japan: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Usage
Table 10. Japan: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Type
Table 11. Japan: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Generators
Table 12. Japan: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Container Size
Table 13. Japan: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Distribution Channel
Table 14. India: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Product
Table 15. India: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Usage
Table 16. India: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Type
Table 17. India: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Generators
Table 18. India: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Container Size
Table 19. India: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Distribution Channel
Table 20. Australia: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Product
Table 21. Australia: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Usage
Table 22. Australia: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Type
Table 23. Australia: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Generators
Table 24. Australia: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Container Size
Table 25. Australia: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Distribution Channel
Table 26. South Korea: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Product
Table 27. South Korea: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Usage
Table 28. South Korea: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Type
Table 29. South Korea: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Generators
Table 30. South Korea: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Container Size
Table 31. South Korea: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Distribution Channel
Table 32. Rest of Asia Pacific: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Product
Table 33. Rest of Asia Pacific: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Usage
Table 34. Rest of Asia Pacific: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Type
Table 35. Rest of Asia Pacific: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Waste Generators
Table 36. Rest of Asia Pacific: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Container Size
Table 37. Rest of Asia Pacific: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million) - Distribution Channel
Table 38. Glossary of Terms, Asia Pacific Sharps Containers Market
List of Figures
Figure 1. Asia Pacific Sharps Containers Market Segmentation, By Country
Figure 2. Asia Pacific - PEST Analysis
Figure 3. Asia Pacific Sharps Containers Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Sharps Containers Market Revenue (US$ Million), 2022 - 2030
Figure 6. Asia Pacific Sharps Containers Market Revenue Share, by Product 2022 & 2030 (%)
Figure 7. Multipurpose Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Patient Room Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Phlebotomy Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Asia Pacific Sharps Containers Market Revenue Share, by Usage 2022 & 2030 (%)
Figure 11. Reusable Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Disposable Containers: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Asia Pacific Sharps Containers Market Revenue Share, by Waste Type 2022 & 2030 (%)
Figure 14. Infectious Waste: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Non-Infectious Waste: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Asia Pacific Sharps Containers Market Revenue Share, by Waste Generators 2022 & 2030 (%)
Figure 17. Hospitals: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Pharmaceutical Companies: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Laboratories: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Clinics & Physician's Offices: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Others: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Asia Pacific Sharps Containers Market Revenue Share, by Container Size 2022 & 2030 (%)
Figure 23. 1-3 Gallons: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 24. 4-6 Gallons: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. 7-8 Gallons: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 26. Others: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 27. Asia Pacific Sharps Containers Market Revenue Share, by Waste Type 2022 & 2030 (%)
Figure 28. Medical Supply Companies: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 29. Pharmacies: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 30. Online Sales: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 31. Others: Asia Pacific Sharps Containers Market - Revenue and Forecast to 2030 (US$ Million)
Figure 32. Asia Pacific Sharps Containers Market, By Country, 2022 (US$ Million)
Figure 33. Asia Pacific Sharps Containers Market, By Key Countries, 2022 And 2030 (%)
Figure 34. China: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million)
Figure 35. Japan: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million)
Figure 36. India: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million)
Figure 37. Australia: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million)
Figure 38. South Korea: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million)
Figure 39. Rest of Asia Pacific: Asia Pacific Sharps Containers Market Revenue And Forecast to 2030 (US$ Million)

Executive Summary

At 5.5% CAGR, the Asia Pacific Sharps Containers Market is Speculated to be Worth US$ 203.52 Million by 2030.

According to this research, the Asia Pacific sharps containers market was valued at US$ 133.10 million in 2022 and is expected to reach US$ 203.52 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. Increase in generation of medical waste and rise in hospitalizations in private and public hospitals across the globe are among the critical factors attributed to the Asia Pacific sharps containers market expansion.

Hospitals generate a large amount of waste, so more single-use containers are required. Growing need for waste disposal and management and regulatory compliance for medical waste disposal, increasing surgeries and infections, and surging patient visits to hospitals are driving the sharps container market. The increasing use of sharps with the proliferation of healthcare facilities, rise in surgical procedures, and growing healthcare concerns due to needlestick injuries fuel the demand for sharps disposal products. Several studies found that healthcare facilities still dispose of injections and other sharps waste in open pits or boxes instead of using disposal containers, which in turn increases the need to use effective sharp drop devices in these facilities. The continued development and updating of government policies and initiatives by public/private entities related to waste management will require compliance.

The increasing burden of chronic diseases is leading to a rise in the number of surgical procedures worldwide in which sharp medical instruments such as scalpels, needles, intravenous injections, and other devices are widely used. This is expected to fuel the demand for sharps containers, driving the market. According to the research study titled "Estimation of the National Surgical Needs in India by Enumerating the Surgical Procedures in an Urban Community Under Universal Health Coverage," published in September 2020, ~11% of the global burden of disease requires surgical procedures or anesthetic care or both and estimated 3,646 surgeries would be required annually to meet the surgical needs of the Indian population, compared to the global estimate of 5,000 surgeries per 100,000 people. Therefore, with the growing demand for surgical procedures, the amount of medical waste in hospitals is increasing, boosting demand for sharps containers to dispose of the waste.

On the contrary, lack of awareness about proper methods of sharps waste containment & disposal hampers the Asia Pacific sharps containers market.

Based on product, the Asia Pacific sharps containers market is segmented into multipurpose containers, patient room containers, and phlebotomy containers. The multipurpose containers segment held 42.4% share of Asia Pacific sharps containers market in 2022, amassing US$ 56.42 million. It is projected to garner US$ 88.65 million by 2030 to expand at 5.8% CAGR during 2022-2030.

Based on usage, the Asia Pacific sharps containers market is segmented into reusable containers and disposable containers. The reusable containers segment held 63.9% share of Asia Pacific sharps containers market in 2022, amassing US$ 85.08 million. It is projected to garner US$ 126.81 million by 2030 to expand at 5.1% CAGR during 2022-2030.

Based on waste type, the Asia Pacific sharps containers market is segmented into infectious waste and non-infectious waste. The infectious waste segment held 71.7% share of Asia Pacific sharps containers market in 2022, amassing US$ 95.41 million. It is projected to garner US$ 147.93 million by 2030 to expand at 5.6% CAGR during 2022-2030.

Based on waste generators, the Asia Pacific sharps containers market is segmented into hospitals, pharmaceutical companies, laboratories, clinics & physician’s offices, and others. The hospitals segment held 46.1% share of Asia Pacific sharps containers market in 2022, amassing US$ 55.52 million. It is projected to garner US$ 89.65 million by 2030 to expand at 6.2% CAGR during 2022-2030.

Based on container size, the Asia Pacific sharps containers market is segmented into 1-3 gallons, 4-6 gallons, 7-8 gallons, and others. The 1-3 gallons segment held 40.5% share of Asia Pacific sharps containers market in 2022, amassing US$ 53.91 million. It is projected to garner US$ 85.13 million by 2030 to expand at 5.9% CAGR during 2022-2030.

Based on distribution channel, the Asia Pacific sharps containers market is segmented into medical supply companies, pharmacies, online sale, and others. The medical supply companies segment held 46.2% share of Asia Pacific sharps containers market in 2022, amassing US$ 61.43 million. It is projected to garner US$ 95.66 million by 2030 to expand at 5.7% CAGR during 2022-2030.

Based on country, the Asia Pacific sharps containers market has been categorized into China, Japan, India, South Korea, Australia, and the Rest of South Korea. Our regional analysis states that China captured 34.4% share of Asia Pacific sharps containers market in 2022. It was assessed at US$ 45.81 million in 2022 and is likely to hit US$ 70.68 million by 2030, exhibiting a CAGR of 5.6% during 2022-2030.

Key players operating in the Asia Pacific sharps containers market are Stericycle Inc, Dailymag Magnetic Technology Ltd, GPC Medical Ltd, and Becton Dickinson and Co, among others.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Stericycle Inc
  • Dailymag Magnetic Technology Ltd
  • GPC Medical Ltd
  • Becton Dickinson and Co

Table Information