Global Sharp Waste Disposal Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global sharp waste disposal market in its upcoming report titled, “Global Sharp Waste Disposal Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global sharp waste disposal market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global sharp waste disposal market report has been segmented on the basis of material, services, disposal site, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Sharp waste is basically a type of biomedical waste that includes used medical equipment that is used to puncture or lacerate skin. Sharp waste mainly comprises of hypodermic needles, disposable scales, blades, contaminated glass and some type of plastics. In most developed and in some developing economies sharp waste is treated as bio-hazardous waste, which is expected to be handled and disposed carefully. As a biohazardous material, injuries from sharps waste can pose a large public health concern. By penetrating skin, it is possible for this type of waste to spread blood-borne pathogens. The spread of these pathogens is directly responsible for the transmission of blood-borne diseases, such as hepatitis B (HBV), hepatitis C (HCV), and HIV.

Increasing government regulations for proper waste management and disposal, especially medical waste that contains sharp waste in developed and in some developing economies is a major factor driving growth of the global sharp waste disposal market. In addition, development and adoption of advanced techniques in treatment, disposal, and recycling of medical waste is another factor anticipated to propel growth of the global sharp waste disposal market over the forecast period.

However, lack of awareness and availability of proper medical waste disposal sites in developed and in developing economies is a major factor restraining growth of the global sharp waste disposal market. Additionally, high initial investment required for adoption of sophisticated equipment for waste disposal in emerging economies is another major factor expected to hamper growth of the global sharp waste disposal market over the forecast period.

Currently, the market in North America dominates the global sharp waste disposal market in revenue terms owing to well-developed healthcare industry and proper regulations for waste disposal, especially medical waste disposal in countries in the region. The market in Europe accounted for second-highest revenue share in the global sharp waste disposal market, due to high healthcare expenditure by governments of countries, and high awareness about sharp waste disposal, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to presence of a large patient pool and rise in government initiatives for the improvement of healthcare facilities and medical waste disposal in countries in the region.

Global sharp waste disposal market segmentation:

By Material:

• Glass
• Plastic
• Metal
• Others (ceramic and wood)

By Services:

• Disposal
• Recycling
• Collection, Transportation & Storage
• Others

By Disposable Site:

• Offsite
• Onsite

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa