Medical containers market: overview, data updates, reports analysis & forecast | fmi

1. Medical containers market size & industry trends report for 2031
Medical Containers market is projected to record more than 5% growth rate during the forecast period
and expected to reach US$ 2 Bn by 2031. Medical waste containers are defined by specific colors and
labels to make them distinguishable from others.
Medical waste is a solid or liquid waste generated during the diagnosis, treatment, and immunization of
humans or animals from health facilities such as hospitals, pharmaceuticals, nursing homes, medical
offices, and others.
Medical waste containers are used by waste generators to collect waste generated by health care
facilities and are available in different designs depending upon the type of waste to be collected. The
growing demand for medical waste containers is mainly attributed to the rising number of hospitals in
developing countries.
What is Driving Demand for Medical Containers?
The medical waste containers are used to collect medical waste related to organs, tissues, body parts,
non-viable fetuses, placentas, blood, bodily fluids, and other hazardous wastes generated from
hospitals, nursing homes, pharmaceutical research organizations, pharmaceutical companies, and
among others.
The rising incidence of Hospital Acquired Infections (HAIs) due to a lack of sanitation and precaution is
one of the major factor drive the growth of medical containers market.
Another important factor for the market growth has been the increasing number of surgeries occurring
across the globe. The medical waste created from these surgeries need proper disposable container,
because of which the demand for medical waste containers has been growing.
In addition to this, increasing number of geriatric population is also a key factor that is projected to drive
the development of the global market in the coming years of the forecast period. Older people need
more medical attention and generate comparatively higher medical waste. Thus, the demand for
medical containers is greater to cater to their healthcare demands.
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US Demand Outlook for Medical Containers
US is expected to account for the largest share in the North America medical containers market during
the forecast period, owing to increase in the number of surgeries and healthcare workers in the country.
Moreover, the COVID-19 pandemic has burdened U.S. already stressed waste management system.
The amount of COVID-19 related bio-medical waste has been raised exponentially amid COVID-19
pandemic.
Major market players in the country are taking initiatives towards use of medical waste containers by
offering innovations and modifications. The medical waste is predominately regulated by the states
rather than by the U.S. Environmental Protection Agency (EPA).

2. The agency is continuously taking initiatives to increase the capacity of healthcare waste treatment. The
rise in initiatives from government and local organizations towards waste management in the country is
expected to drive the growth of U.S. medical containers market.
China Demand Outlook for Medical Containers
The China’s healthcare systems are burdened following the spread of COVID-19 in 2020. The country has
experienced a substantial increase in medical waste amid coronavirus outbreak. According to Chinese
government, prior to the pandemic, Wuhan’s daily waste production was 45 tons, but the number
soared to 247 tons per day during the outbreak – around six times higher.
China officially stipulated general waste produced from patients with infectious diseases as medical
waste, and also the general waste produced by suspected patients with an infectious disease should also
be stipulated as medical waste. The rise in waste product due the the mandimic has increded the demnd
for medical container market in China.
Key Segments
By Product:
 Chemotherapy Containers
 Biohazardous Medical Waste Containers
 Resource Conservation and Recovery Act (RCRA) Containers
 Others
By End User:
 Hospitals
 Surgical Centers
 Healthcare Centers
 Home Healthcare
 Others
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