Biohazard Bags Market
Number of pages: 100 | Report Format: PDF | Published date: April 13, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 357.20 million |
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Market Size Value in 2031 |
US$ 578.34 million |
|
CAGR |
5.5% |
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Base Year For Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Material, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global biohazard bags market was valued at US$ 357.20 million in 2022 and is expected to register a revenue CAGR of 5.5% to reach US$ 578.34 million by 2031.
Biohazard Bags Market Fundamentals
Biohazard waste bags ensure that potentially hazardous biomedical garbage/waste is correctly disposed of and does not harm humans, animals, or the environment. Several regulations have been implemented to enable appropriate disposal of biohazard materials or biomedical waste. For instance, commercial businesses in the United Kingdom have a 'duty of care' to fulfill specific duties such as reducing the amount of trash that goes to landfills, sorting and storing garbage, collaborating with a reputable waste disposal provider, and preserving documentation of responsible biohazardous waste disposal. These actions are required by the Environmental Protection Act of 1990, and failing to comply may result in punishment.
Biohazard bags are important consumables in labs and hospitals to safely move specimens, samples collecting, and documentation. There are numerous rules and standards for which bags to use based on the contents and purpose. For example, nurses at labs and hospitals will fill biohazard specimen bags with a sample before sending them to diagnostic labs for testing. Chemotherapy Drug Transport Zip Top Bags are specifically structured and labeled to safely transport hazardous chemicals. Some specimen bags have an additional outer pocket or requisition pouch for vital documentation and paperwork to accompany the specimen during transfer or shipping. The separate pouch keeps the associated documents separate and dry.
Medical laboratories, for example, require a lot of biohazard pouches and packing in day-to-day operations. Sensitive laboratory samples must be handled and transported with care to avoid contamination by outside trash, which is required to maintain the accuracy of test results. Biohazard bags are particularly intended for this purpose and are easily labeled, allowing their contents to be determined immediately. Waste that has come into correspondence with potentially infectious materials must also be securely managed and disposed of to safeguard those who work with these products. Used vials, tubes, test samples, and other products are placed in appropriately labeled biohazard bags before being safely removed by professional collection companies. Biohazard pouches and bags are used daily in the healthcare industry for safe containment and transportation. These bags are particularly intended to keep exterior dirt and leaks away. This safeguards workers and carriers from potentially infectious chemicals while guaranteeing that test samples heading for the laboratory are still usable upon arrival.
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Biohazard Bags Market Dynamics
Biohazard bags are becoming increasingly popular in applications involving biohazardous material collection, storage, and transportation. These bags feature exceptional strength as well as good puncture resistance, which is expected to increase the market attractiveness of biohazard bags. Furthermore, the constantly expanding number of hospitals and pathology centers worldwide and tightening regulations are likely to drive the revenue growth of the market during the forecast period. These are some of the variables that are expected to fuel the global biohazard bags market revenue growth.
With the growing population, there is an increased sample flow in diagnostic labs and the number of hospital beds in developing nations. Biohazard bags are commonly used in hospital waste management to dispose of garbage and keep samples from contaminating the environment. The numerous benefits connected with biohazardous bags contribute to market revenue growth. Biohazard bags are tagged, colored, and labeled separately for different sorts of hospital trash, such as collecting infectious waste, in accordance with healthcare guidelines. Furthermore, the increasing amount of healthcare waste, expanding patient population, and growing awareness about hospital waste management in preventing the transmission of infection are some of the reasons driving the revenue growth of the biohazard bags market.
There are some reasons that can limit the market. To ensure that the garbage is appropriately heated, the bags must be unzipped to enable steam to enter. This is not an issue when bagged garbage is burnt as the bags themselves are combustible. Some plastic bags, however, may melt in the autoclave, causing a mess. The rapidly expanding usage of biohazard bags in diagnostic and lab testing samples and increased use in nursing homes, hospitals, and long-term care institutions will drive market progress. As a result, the market has prominent opportunities to develop. With the fast-expanding e-commerce sales channel throughout the globe, the availability of biohazard bags has increased. As a result, the global biohazard bag market revenue has grown.
Biohazard Bags Market Ecosystem
The global biohazard bags market is analyzed from four perspectives: material, application, end-user, and region.
Biohazard Bags Market by Material
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Based on material, the global biohazard bags market is segmented into LDPE, HDPE, cellophane, and polypropylene.
The LDPE segment accounted for the largest market share due to its extensive usage in numerous garbage collection applications and high price-to-value ratio, making it more cost-effective than HDPE biohazard bags. The HDPE segment is predicted to develop at the fastest rate because of increased demand for managing sharp waste. Furthermore, with decreased production costs, HDPE biohazard bags are predicted to fall progressively, competing with LDPE bags in waste management. Furthermore, the falling cost of HDPE bags will lead to the replacement of LDPE with higher-grade HDPE biohazard bags in hospital waste management.
Biohazard Bags Market by Application
Based on the applications, the global biohazard bags market is segmented into sharps, infectious materials, chemicals & pharmaceuticals, general healthcare waste, and others.
The infectious materials/waste segment dominates the global biohazard bags market, with the largest revenue share, followed by general healthcare waste. Post-surgical/procedure blood-contaminated swabs, patient mucous swabs, dressing waste, and other general infectious wastes are the most common infectious wastes generated in hospital and clinical settings. Injection swabs, uninfected dressings, IV and tubing wastes, staff gloves, masks, and uninfected/uncontaminated patient apparel are examples of general healthcare waste. The demand for disposable accessories and consumables continues to grow with the consistent increase in chronic diseases and infections. For instance, during the COVID-19 pandemic, the testing, handling, and treating of COVID-19 patients urged massive production and consumption of medical disposables and consumables. This also spiked the demand for biohazard bags for efficient sample and waste handling.
Biohazard Bags Market by End User
Based on the end users, the global biohazard bags market is segmented into hospitals, clinics, diagnostic laboratories, pharmaceutical/research laboratories, and others.
The hospital segment consumed the most biohazard bags, followed by the pharmaceutical/research laboratories segment. Hospitals worldwide are predicted to continuously increase the number of inpatients, with certain emerging nations, such as India, Egypt, and Indonesia, expecting a considerable increase in the number of hospital beds. According to the WHO, each hospital bed in high-income nations creates roughly 500 grams of hazardous waste daily, whereas each hospital bed in low-income countries generates approximately 200 grams. As a result, hospitals are the leading producers of biohazardous waste and are likely to contribute considerably to biohazard bag demand during the forecast period.
Biohazard Bags Market by Region
Based on region, the global biohazard bags market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is likely to occupy a prominent revenue share in the global biohazard bags market because of its aging population, highly developed healthcare sector, and consistently high incidence of infectious and chronic illnesses. The increased frequency of infectious illnesses and the high demand for enhanced medical and surgical equipment result in abundant by-products and residues. Therefore, this region's high volume of biohazard materials and biomedical waste will boost the biohazard bags industry. Furthermore, rising healthcare expenditures and the existence of a well-established healthcare infrastructure are propelling regional market revenue growth to new heights.
Asia Pacific accounts for the largest market revenue share due to a significant number of hospital beds, an expanding patient population, and the existence of multiple biohazard bag manufacturers in the region, India and China, the two most populous countries, with around 8 million hospital beds between them. Nonetheless, the figure falls short of the WHO-recommended number of hospital beds, which is five beds per 1,000 people. Increased expenditures in hospital facilities and increased awareness of the benefits of efficient waste management are predicted to drive the demand for biohazard bags. Increased investment and attempts to limit medical waste outfall have increased biohazard bag uptake.
During the forecast period, the Middle East and Africa market revenue is expected to grow the fastest. As the amount of waste generated increases, the enormous population in these continents has the potential to boost the demand for biohazard bags greatly. Risks of several lethal diseases have heightened awareness among healthcare institutions and ministries, resulting in increased investment in hospital sterility, disinfection, and waste management in the regions, along with relevant regulations.
Competitive Landscape of the Global Biohazard Bags Market
The global biohazard bags market is fragmented in nature, with a multitude of global and local players. The key players are employing approaches like mergers with material suppliers, government investments in manufacturing, local partnerships, and long-term supply agreements with hospitals.
The prominent market players operating in the global biohazard bags market include:
Strategic Development in the Biohazard Bags Market
Biohazard waste bags are essential for ensuring that potentially hazardous trash is correctly disposed of and does not harm humans, animals, or the environment.
The increasing flow of samples in diagnostic labs and rising number of hospital beds in developing countries are the prime reason for driving the market.
The prominent market players in the global biohazard bags market include Bel-Art SP Scienceware, Dynalon, Heathrow, and others.
The LDPE segment leads the global biohazard bags market with the largest revenue share.
The revenue CAGR of the biohazard bags market during the forecast period is expected to be 5.5%.
*Insights on financial performance are subject to the availability of information in the public domain