The use of sharp devices and aids is not an industry-specific trend. The industrial, residential, and commercial sectors use sharps in some capacity. Hence, the global sharps containers market is expected to grow alongside deployment of safety procedures in these sectors. The healthcare industry has emerged as the most prominent consumer of sharps containers. This industry is under constant scrutiny of state authorities, and is required to comply the highest standards of safety. Therefore, the global sharps containers market is slated to expand at a stellar pace in the years to follow.
The World Health Organization (WHO) estimates that a total of 16 billion injections are used across the world, annually. This factor, albeit evident, is an appalling consideration from the perspective of safety within healthcare. WHO also asserts that improper disposal of needles and syringes can increase the risk of injuries across healthcare centers. Hence, the global sharps containers market is slated to expand at a stellar rate in the years to follow.
This blog by Transparency Market Research (TMR) on the global sharps containers market is an explanation of the forces that have aided market growth.
- Use of Sharps in the Residential Sector
Although the healthcare industry is the most prominent user of sharps, the residential sector also comes in the league of consumers. The need to protect children from sharp devices and tools used across households has generated tremendous demand within the global sharps containers market. Furthermore, sophistication of the masses in dealing with wastes and disposables has also generated increased market demand.
- North America to Lead Market Growth
Benzer Pharmacy has launched a new product for storing and disposing needles used for diabetic testing. UltiGuard Safe Pack is a multi-needle pack that has special features for disposal post usage. Several other companies in the US are also expected to recalibrate their focus towards sharps disposal. This factor is expected to aid the growth of North America sharps containers market.