Shibuya-ku, Tokyo, Japan, Japan, Apr 14, 2021, 00:23 /Comserve / -- Some of the key players involved biohazard bags market include Daniels Health, Transcendia, Fisher Scientific, Bel-Art SP Scienceware, International Plastics Inc., Biomedical Waste Solutions, LLC., Veolia, Abdos Labtech Private Limited, Stericycle.
According to Research Dive, global biohazard bags market accounted for over $295.6 million in 2019 and is predicted to register for $469.0 million by 2027, growing at a CAGR of 6.20%.
Impact Analysis of COVID-19 on the Biohazard bags Market:
The outbreak of the COVID-19 pandemic has already had a tremendous impact on waste management services due to contagious spread of the coronavirus. Increase in contagious diseases across the world also increases hospital beds, clinical test kits, swab test waste, patient mucous, surgical waste, uninfected dressings, tubing wastes, staff gloves, masks, and contaminated patient clothing, pharmaceutical waste and more. To manage this waste in proper waste management controls, it is necessary to use proper packaging of disposed waste by biohazard bags. Many public authorities and municipal waste operators rapidly adapted their waste management services and dispose procedures according to the situation. Additionally, biohazard bags are of different colors, numbers and signs to understand the type of waste it contains and they are made up of HDPE (high density polyethylene), LDPE (low density polyethylene), cellophane and polypropylene, based upon the usage it has, which helps in disposing the waste appropriately for the waste management authorities.
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However, a notable industry player, Bel-Art SP Scienceware announced on 24 April 2020, that they are fully operational in Covid-19 pandemic with careful management of supply chains, stock availability and shipping. Moreover, they are offering freezer dryer products in vaccine development. The products they offered in lockdown situations are biohazard bags, wash bottles, dispensing bottles, HT3 evaporators, bench mark and ultra-freeze dryers. Considering these factors, the global biohazard bags market may have significant market opportunities in the upcoming years.
Global Biohazard Bags Market Analysis:
The exponential growth of the global biohazard bags market is mainly attributed to the increase in consciousness of waste management and strict government regulation, across the world. After the serious contagious diseases like Covid-19, people are taking health more seriously which will increase the regular checks ups, clinical tests, researches, pharmaceutical production, sanitizations and much more.
This will eventually increase the biohazard bags demand in global market during the forecast period.
Moreover, there are many regulations that are being laid by government for medical waste management According to the Occupational Safety and Health Administration (OSHA), 2019 bloodborne pathogens are microbes present in human blood and can cause serious diseases like HIV and hepatitis and they are mostly transmitted by unorganized waste management and infect the workers and the whole community. To avoid this kind of pathogenic spread, proper waste management resources should be in place, such as closable bags, to prevent leakage of waste during storage, transportation or shipping of biohazard bags containing medical waste. Also according to CDC (Centre for Disease Control and Prevention) regulations, the best way to manage biomedical waste is to pack it securely with leak-resistant and sturdy biohazard bags. These type of government regulations can support the production of biohazard bags to protect the health of workers from the risk of exposure to pathogens.
However, lack of awareness and training to carefully dispose waste will be a restricting factor for market growth.
The global biohazard bags industry is growing at a fast pace owing to increasing awareness regarding the proper disposal of medical waste by various governments as well as the key players. For instance, GV Health Ltd., is now offering biohazard bags at cost effective solutions with multi-layer polythene, bag design in such a way that quantity of solid and volumes of liquid is fixed to avoid leakage, star seal, marked bar codes and batch numbers. New production techniques and materials that are being used to manufacture biohazard bags use less plastic in the manufacturing process, which is additionally boosting the amount of material that is used for manufacturing for biohazard bags for recycling. For instance, VWR International, offers biohazard bags that are already autoclaved, have higher resistance to punctures and tears, have temperature indicators and biohazard indicators. This increased adoption towards waste management control with technical advancements of global biohazard bags may create massive opportunities, in the coming years.
Based on the capacity type, the global biohazard bags market is mainly categorized into less than 15 gallons, 15 to 35 gallons and more than 35 gallons. The 15 to 35 gallons sub-segment is anticipated to grow at a rapid pace during the forecast period accounting for $112.1 million in 2019 and is expected to reach 186.1 million by 2027 growing at a CAGR of 6.80%. However, more than 35 gallons sub-segment accounted for the highest market value in the year 2019 at $123.9 million.
On the basis of material type, the global biohazard bags market is divided into polypropylene, polyethylene, plastic, high-density polyethylene and others. The polypropylene sub-segment dominated the biohazard bags market in the year 2019, accounting for 80.5 million and is projected to reach $123.5 million by the end of the forecast period. Additionally, polyethylene sub-segment is anticipated to grow at a highest CAGR of 6.80% and is expected to reach $124.3 million over the projected period; it accounted for $74.4 million in 2019.
Depending on the end-use, the global market is classified into hospitals & clinics, home & ambulatory care, and pharmaceutical & biopharmaceutical industries. The hospitals & clinics sub-segment dominated the market in the year 2019, accounting for $118.5 million. However, the home & ambulatory care sub-segment is anticipated to follow hospitals & clinics segment and grow at a CAGR of 6.40% and is projected to reach $166.1 million by 2027.
The North America biohazard bags market was valued at $88.3 million in 2019 and is expected to generate a revenue of $135.5 million by 2027. Asia-Pacific biohazard bags market share is expected to surge at a growth rate of 7.0% by generating revenue of $133.4 million by 2027.
Some of the key players involved biohazard bags market include Daniels Health, Transcendia, Fisher Scientific, Bel-Art SP Scienceware, International Plastics Inc., Biomedical Waste Solutions, LLC., Veolia, Abdos Labtech Private Limited, Stericycle.
Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-104995
"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Table of Content
1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Capacity type trends
2.3. Material type trends
2.4. End-use trends
3. Market Overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Market value chain analysis
3.9. Strategic overview
4. Biohazard Bags Market, by Capacity Type
4.1. Less than 15 gallon
4.1.1. Market size and forecast, by region, 2019 - 2027
4.1.2. Comparative market share analysis, 2019 & 2027
4.2. 15 to 35 gallon
4.2.1. Market size and forecast, by region, 2019 - 2027
4.2.2. Comparative market share analysis, 2019 & 2027
4.3. More than 35 gallon
4.3.1. Market size and forecast, by region, 2019 - 2027
4.3.2. Comparative market share analysis, 2019 & 2027
5. Biohazard Bags Market, by Material Type
5.1. Polypropylene
5.1.1. Market size and forecast, by region, 2019 - 2027
5.1.2. Comparative market share analysis, 2019 & 2027
5.2. Polyethylene
5.2.1. Market size and forecast, by region, 2019 - 2027
5.2.2. Comparative market share analysis, 2019 & 2027
5.3. Plastic
5.3.1. Market size and forecast, by region, 2019 - 2027
5.3.2. Comparative market share analysis, 2019 & 2027
5.4. High-Density Polyethylene (HDPE)
5.4.1. Market size and forecast, by region, 2019 - 2027
5.4.2. Comparative market share analysis, 2019 & 2027
5.5. Others
5.5.1. Market size and forecast, by region, 2019 - 2027
5.5.2. Comparative market share analysis, 2019 & 2027
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