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    North America Biohazard Bags Market Growth By Material Type (Polypropylene, Polyethylene, Plastic, High-Density Polyethylene), By Capacity Type (Less Than 15 Gallon, 15 To 35 Gallon, More Than 35 Gallon), By End-use (Hospitals, Laboratories and Research Centers, Pharmaceutical and Biotech Companies, Chemical Industry), Industry Analysis Report, Regional Outlook (U.S., Canada), Application Potential, Competitive Market Share & Forecast, 2020 - 2026
    Published Date: May 2020   |   Report ID: GR1361   |   Delivery: PDF  Request Free Sample

    Industry Trends

    North America Biohazard Bags Market Share was valued at USD 100.4 million in 2019 and is expected to witness 7.6% CAGR from 2019 to 2026.
     

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    Continuously surging regulatory guidelines for accurate disposal and collection of biomedical waste is estimated to propel the industry growth. The CDC has introduced specific rules and regulations to ensure the safety of healthcare professionals while handling medical waste. These regulations recommend that the hazardous bags must be tied accurately and packed till 1/3rd proportion to avoid spilling during transportation. Moreover, different associations including the Department of Transportation (DOT), OSHA, and environmental departments have undertaken several regulations for proper collection as well as storage of medical waste. Also, the National Waste & Recycling Association circulated a document on coronavirus for addressing proper and harmless handling of medical waste to ensure the safety of the healthcare workers. Hence, the aforementioned factors augment the overall industry growth.

    North America Market Share, By Capacity Type

    The capacity type segment covers 15 to 35 gallon, less than 15 gallon and more than 35 gallon. The 15 to 35 gallon segment accounted for around USD 30 million in 2019. These bags are preferably convenient for nursing homes, offices, hospitals, and other medical facilities. The 15 to 35 gallon of hazardous bags are labelled with a universal biohazard symbol and are effective for the collection of toxic waste, metals, and blood samples. Similarly, these biohazard bags deliver extreme film strength for tough applications. Hence, the surging volume of biomedical waste through several healthcare facilities due to growing number of surgeries in this region will augment the segmental progression.

    North America Market Size, By Material Type

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    The material type segment is fragmented into polyethylene, high-density polyethylene, polypropylene, plastic, and others. The polypropylene segment is estimated to progress over 6.0% CAGR throughout the estimated period. The biohazard bags made of propylene material are specifically easy to open as compared to others and are beneficial for disposing of micro tips, tubes, and other light instruments. Also, these bags are specifically printed with the biohazard symbols for quick identification of biomedical waste. Hence, above-mentioned factors eventually accelerate the overall industry growth.

    North America Market Value, By End-use

    Based on end-use the market covers laboratory and research centers, chemical industry, hospitals, and pharmaceutical and biotech companies among others. Amongst them, the hospital segment accounted for more than 25% revenue share in 2019. The hospitals generate a maximum amount of medical waste as majority of the surgeries are being performed there. The hazardous bags are widely used for disposal and collection of blood components in the hospital settings with other infectious waste. Hence, the waste must be correctly transported, collected as well as stored to avoid the risk of infection to patients and healthcare professionals. Therefore, the need for effective disposal of biomedical waste in hospitals will propel the segmental progression. 

    North America Market Forecast, By Country

    The U.S. biohazard bags market captured over 7.5% CAGR and is expected to dominate the market during the analysis period. The existence of prominent business players along with an advanced healthcare infrastructure will foster the regional market expansion. Similarly, the imposition of several regulatory guidelines due to the surging impact of coronavirus in this country will boost the North America biohazard bags industry growth.

    Competitive Market Share

    Few of the distinguished market players operating in the North America Biohazard Bags Market are Clean Harbors, Stericycle, Biomedical Waste Solutions, Veolia, Abdos Labtech Private, Transcendia, Fisher Scientific, Daniels Health and SUEZ among others. These prominent business players are implementing different growth strategies such as introduction to new services for better and secured medical waste disposal. For instance, BioMedical Waste Solutions adopted the OSHA standards to accurately dispose of and manage medical waste. These guidelines have a well-established procedure for handling medical waste, that eventually benefits the company’s growth.

    Industry Background

    The technique to handle biomedical waste in the U.S has progressed since the 1980s. Federal Medical Waste Tracking Act, imposed numerous rules and regulations for harmless and precise disposal of medical waste. Similarly, this act stringently imposed different guidelines on transportation as well as the collection of medical waste from hospitals and other healthcare facilities. Furthermore, in the 2000s, novel regulations on medical waste were obligated for effective discarding of medical waste. Also, depending on the volume, biohazard wastes are collected in red, yellow, or orange colour biohazard bags for discarding process. These bags are extensively used in healthcare facilities that augment the industry expansion.


    Frequently Asked Question(FAQ) :

    At what rate will North America Biohazard Bags Market hike in coming years?
    According to Graphical Research, North America Biohazard Bags Market Share was valued at USD 100.4 billion in 2019 and is expected to witness 7.6% CAGR from 2019 to 2026.
    What is in detail Segmentation of North America Biohazard Bags Market?
    North America Biohazard Bags Market Growth By Material Type (Polypropylene, Polyethylene, Plastic, High-Density Polyethylene), By Capacity Type (Less Than 15 Gallon, 15 To 35 Gallon, More Than 35 Gallon), By End-use (Hospitals, Laboratories and Research Centers, Pharmaceutical and Biotech Companies, Chemical Industry), Industry Analysis Report, Regional Outlook (U.S., Canada), Application Potential, Competitive Market Share & Forecast, 2020 - 2026
    Which are the key players involved in the market?
    Few of the distinguished market players operating in the North America Biohazard Bags Market are Clean Harbors, Stericycle, Biomedical Waste Solutions, Veolia, Abdos Labtech Private, Transcendia, Fisher Scientific, Daniels Health and SUEZ among others.

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