Published Date: 2020-05-25
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According to the Graphical Research new growth forecast report titled North America Biohazard Bags Market share is set to exceed USD 190 million by 2026. The growing awareness regarding environmental sustainability will drive the demand for biohazard bags across the North America region. Also, increasing adoption of biohazard bags across the healthcare facilities due to the current COVID-19 outbreak will further fuel the North America market expansion.
The increasing demand for safe and effective disposal of medical waste will foster the North America market growth. Medical waste generally contains numerous infectious materials, generated by healthcare facilities including hospitals, research centers, and blood banks, among others. Thus, biomedical waste requires specific treatment and management before its final disposal. Biohazard bags are used for the collection and storage of medical waste. Biohazard bags are majorly used for minimizing the risk of infection amongst various waste handlers. Thus, the growing demand for medical waste management will drive the overall biohazard bags market during the forecast period.
Based on the capacity type, the market is bifurcated into less than 15 gallon, 15 to 35 gallon, and more than 35 gallon. The more than 35 gallon segment held noteworthy revenue share in 2019 and is estimated to witness more than 7.0% CAGR over the analysis timeframe. More than 35 gallon hazardous bags are majorly preferred in nursing centers, laboratories, and hospitals. Such kind of bags provides excellent puncture and tear resistance that are generally enough for carrying heavy biomedical waste. Thus, growing adoption of more than 35 gallon biohazard bags will drive the segmental expansion.
Based on material type, the market is segmented into polypropylene, polyethylene, plastic, high-density polyethylene, and others. Amongst them, the high-density polyethylene segment was valued over USD 15 million in 2019. High-density polyethylene is a cost-effective thermoplastic, weather-resistant, flexible, and has display toughness at very low temperatures. Biohazard bags made of high-density polyethylene material provides adequate strength for the handling of medical waste. Thus, increasing demand for high-density polyethylene material due to its properties during coronavirus outbreak will foster the segmental progression.
Based on the end-use, the biohazard bags market is fragmented into laboratories and research centers, hospitals, pharmaceutical and biotech companies, chemical industry, and others. The laboratories and research centers segment is projected to witness around 33% revenue share in 2019. Generally, it is observed that laboratories generate mostly the infectious type of waste. Biohazard bags are mostly used to handle and dispose of such infectious medical waste. Thus, growing adoption of biohazard bags for collection and disposal of hazardous medical waste will drive the market growth.
U.S. biohazard bags market is estimated to experience around 7.5% CAGR during the forecast years. The introduction of special guidelines for collection and disposal of medical waste during the coronavirus outbreak will drive the U.S. biohazard bags market growth over the forecast period. Furthermore, the growing amount of medical waste generated will further boost the demand for biohazard bags. Therefore, growing adoption of regulatory guidelines will propel the overall North America biohazard bags industry growth.
Few of the foremost market players working in the market are Clean Harbors, Veolia, Biomedical Waste Solutions, Stericycle, Abdos, Labtech, Transcendia, Fisher Scientific, Daniels Health and SUEZ among others. Industry players are focused on undertaking various organic and inorganic growth strategies for market expansion. For instance, Daniels Health implemented guidelines for safe disposal of medical waste due to the current COVID-19 outbreak. The adoption of stringent regulatory guidelines provided the company to simplify its procedures for packaging of coronavirus medical waste.
North America Biohazard Bags Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:
Market Share, By Capacity Type, 2015 - 2026 (USD Million)
Market Size, By Material Type, 2015 - 2026 (USD Million)
Market Growth, By End-use, 2015 - 2026 (USD Million)
The above information is provided for the following region and countries:
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