PORTLAND, OR, Oct. 26, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global Pointed container market generated $430.8 million in 2021 and is expected to reach $632.8 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, value chain, top segments and competitive landscape. This report provides detailed information to assist market players, stakeholders, investors, and startups in making strategies to continue growth and gain competitive advantage in the market.
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Report coverage and details:
| report coverage | details |
| forecast period | 2022-2031 |
| base year | 2021 |
| Market size in 2021 | $430.8 million |
| Market size in 2031 | $632.8 million |
| CAGR | 3.9% |
| Number of pages in the report | 258 |
| segments covered | Type, container size, usage and region. |
| driver | Increase in diagnostic and clinical tests |
| Increase in strict government regulations for medical waste disposal | |
| occasions | Increase in the number of surgeries worldwide |
| Lightweight and easy construction of sharps containers, blade strength and availability of different sized containers | |
| inhibits | Lack of awareness of medical waste disposal and insufficient training of hospital staff on how to dispose of it |
Covid-19 scenario:
- The Covid-19 pandemic had a positive impact on the global sharps container market. Demand for sharps containers has increased significantly during the Covid-19 pandemic as patient room containers and multi-purpose containers help dispose of waste generated during treatment.
- Vaccination programs increased significantly as vaccines against Covid-19 were rolled out by different companies in different countries. Vaccination programs generate a large amount of sharp waste. This in turn increased the need for needle cases.
The study provides detailed segmentation of the global sharps containers market based on type, container size, usage,…
