Biohazard Bags Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Biohazard Bags Market is expected to register a CAGR of 5.5% during the forecast period. This is attributing to the increased flow of samples in diagnostic labs, a growing number of hospital beds in developing countries. Biohazard bags are widely used for hospital waste management for disposing the waste and preventing the samples from getting contaminated from the environment. These several advantages associated with the biohazardous bags results in propelling the growth of the market. As per the healthcare standards, biohazard bags are labeled, colored and marked separate for different types of hospital waste for example for collecting infectious waste the bags are marked as yellow or red. Moreover, the growing volume of healthcare waste, increasing patient population, and awareness regarding hospital waste management in reducing the spread of infection are some more factors fueling the growth of the biohazard bag market in the future.

Key Market Trends

Hospitals are estimated to witness healthy growth in the future

Hospitals are estimated to witness healthy growth in the future attributed to an increasing patient population. Hospitals are the largest contributor of biohazard waste leading to promote the demand of biohazard bags in the hospitals. As per World Health Organization (WHO), in 2018 they have estimated that in high-income countries, around 0.5 kg of hazardous waste are generated from each hospital bed on a daily basis and in low-income countries it is around 0.2 kgs.

In Addition, As per American Hospital Association, the number of hospital beds in the United States has been significantly increased results in more biohazard waste per beds and then promote the demand for biohazard bags in this region.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global Biohazard Bags Market due to the increasing aging population, highly developed healthcare sector, increasing prevalence of infectious and chronic diseases. The rising prevalence of infectious diseases will surge the demand for advanced medical and surgical aids that further generate an ample amount of by-products and residues. This large number of biohazard waste will drive the biohazard bag market in this region. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.

Competitive Landscape

The Biohazard Bags Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Bel-Art - SP Scienceware, Thermo Fisher Scientific, International Plastics Inc, Minigrip, LLC, Merck KGaA, TUFPAK, INC, and Desco Medical India.

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