Biohazard Bags Market: Current Analysis and Forecast (2022-2028)

$3999$6999

Emphasis on Capacity Type (Less Than 15 Gallon, 16 Gallon-30 Gallon, Above 30 Gallon); Material Type (Polypropylene, Polyethylene, Plastic, LDPE (Low-Density Polyethylene, High demand polyethylene, Other); Application (Highly infectious, Other Infectious, Sharps, Chemical and Pharmaceutical, General Healthcare Waste, Others); End-User (Hospitals, Clinics, Diagnostic Laboratories, Pharmaceutical/Research Laboratories, Others); and Region/Country

Pages:

165

Table:

48

Figure:

131

Report ID:

UMHE211309

Geography:

Clear
  Get a Sample
SKU: UMHE211309 Categories: , Tag:
Report Description
Table of content
Research Methodology

Report Description

Biohazard Bags Market
Biohazard Bags Market

The biohazard bags market is expected to register a CAGR of approx. 6% over the period of 2022-2028. The term “biohazard bag” refers to a plastic or paper bag that is used to collect and transport infectious and biohazardous waste to another location, like a lab, for proper management and disposal. Blood, fabric, bullets, and other evidence samples cannot be analyzed immediately. The growing demand for biohazard bags can be attributed to the rise in the volume of diagnostic and lab testing samples across the globe. Thus rise in hazardous lab waste boosts the growth of the market. For instance, according to the WHO, in 2018, the total amount of waste generated by healthcare activities, about 85% is general, non-hazardous waste. The remaining 15% is considered hazardous material that may be infectious, toxic, or radioactive. Owing to the glaring statistics rise in the toxic waste due to the growing patient population across the globe is leading to the growing demand for biohazard bags and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the biohazard bags market is anticipated to grow on account of the increasing prevalence of diseases worldwide, the adoption of stringent regulatory guidelines for efficient waste management, and the expansion of the healthcare sector. However, some of the restraints in the market including the ban on the usage of plastic along with lack of proper training for disposal of medical waste are impeding the growth of this market all over the world.

Bel-Art SP Scienceware, Dynalon, Heathrow Scientific, Thermo Fisher Scientific Corporation, MiniGrip, Tufpak Inc, Cole-Parmer Instrument Company, BWS Incorporated, Abdos Labtech Pvt.Ltd., DELUXE SCIENTIFIC SURGICO PVT. LTD are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst capacity types, the less than 15 gallons category accounted for the significant share in the market in 2020”

Based on the capacity types, the biohazard bags market is segmented into less than 15 gallons, 16 gallons- 30 gallons, and above 30 gallons. The less than 15 gallons segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe owing to the use of biohazard bags for collecting stores, and transporting biohazardous waste. These bags are designed to provide superior strength, puncture and tear resistance, and long-lasting durability. In addition, these bags biohazard capacity bags deliver extreme film strength for tough products like linen, blood products, and materials contaminated with bodily fluids.

Amongst material types, the LDPE category accounted for a significant share in the market in 2020”

Based on material type, the market is fragmented into polypropylene, polyethylene, plastics, LDPE, high-demand polyethylene, and others. The LDPE segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Further, HDPE has heat resistance and ability to resist tear and wear, and it is expected to grow with the highest CAGR during the forecasted period.

Amongst application types, the sharps category accounted for a significant share in the market in 2020”

Based on application, the market is fragmented into highly infectious, other Infectious, sharps, chemical and pharmaceutical, general healthcare waste, and others. The sharps segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increase in surgeries and patient population across the globe. In addition,  sharp waste is expected to increase as the volume of patient drug administration and minimally invasive surgical procedures are expected to increase significantly in the future

“Amongst end-users, the hospitals, clinics, and diagnostic laboratories category is expected to witness considerable CAGR during the forecast period”

Based on end-users, the market is fragmented into hospitals, clinics, diagnostic laboratories, pharmaceutical/research laboratories, and others. The hospitals, clinics, and diagnostic laboratories segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. To reduce the danger of infection for patients and healthcare workers, waste must be transported, collected, and kept properly. In Addition, the increasing number of patient in the hospitals are also a major factor in the growth of this segment.

“North America to witness significant growth during the forecast period”

For a better understanding of the market dynamics of the biohazard bags market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the biohazard bags industry owing to the growing geriatric population along with the adoption of innovative medical technology.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

 

Customization Options:

Global biohazard bags market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

1.1.Market Definitions
1.2.Limitation
1.3.Stakeholders
1.4.Currency used in Report

 

2.1.Research Process of the Biohazard Bags Market
2.2.Research Methodology of the Biohazard Bags Market
2.3.Forecasting Method   
2.4.Respondent Profile   
2.5.Main Objective of the Biohazard Bags Market Study

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5IMPACT OF COVID-19 ON THE BIOHAZARD BAGS  MARKET

 

6GLOBAL BIOHAZARD BAGS  MARKET REVENUE (USD BN), 2019-2027F

 

7.1.Less Than 15 Gallon
7.2.16 Gallon-30 Gallon
7.3.Above 30 Gallon

 

8.1.Polypropylene 
8.2.Polyethylene 
8.3.Plastic  
8.4.LDPE (Low-Density Polyethylene
8.5.High demand polyethylene
8.6.Other  

 

9.1.Highly infectious 
9.2.Other Infectious 
9.3.Sharps  
9.4.Chemical and Pharmaceutical
9.5.General Healthcare Waste
9.6.Others  

 

10.1.Hospitals, Clinics, Diagnostic Laboratories
10.2.Pharmaceutical/Research Laboratories
10.3.Others   

 

11.1NORTH AMERICA BIOHAZARD BAGS  MARKET 
 11.1.1.The U.S.   
 11.1.2.Canada   
 11.1.3.Rest of North America 
11.2EUROPE BIOHAZARD BAGS  MARKET  
 11.2.1.Germany   
 11.2.2.The U.K.   
 11.2.3.France   
 11.2.4.Italy   
 11.2.5.Spain   
 11.2.6.Rest of Europe  
11.3ASIA PACIFIC BIOHAZARD BAGS  MARKET 
 11.3.1.China   
 11.3.2.Japan   
 11.3.3.Australia   
 11.3.4.India   
 11.3.5.Rest of Asia-Pacific  
11.4REST OF THE WORLD BIOHAZARD BAGS  MARKET 

 

12.1Market Drivers 
12.2Market Challenges
12.3Impact Analysis

 

13BIOHAZARD BAGS  MARKET OPPORTUNITIES

 

14BIOHAZARD BAGS  MARKET TRENDS & INSIGHTS

 

15.1Demand Side Analysis
15.2Supply Side Analysis

 

16VALUE CHAIN ANALYSIS

 

17.1.Competitive Landscape
 17.1.1Porter’s Five forces analysis

 

18.1.Bel-Art SP Scienceware 
18.2.Dynalon   
18.3.Heathrow Scientific  
18.4.Thermo Fisher Scientific Corporation
18.5.MiniGrip   
18.6.Tufpak Inc  
18.7.Cole-Parmer Instrument Company
18.8.BWS Incorporated  
18.9.Abdos Labtech Pvt.Ltd. 
18.10.DELUXE SCIENTIFIC SURGICO PVT. LTD.

 

19DISCLAIMER

Research Methodology

Research Methodology for the Global Biohazard Bags Market Analysis (2022-2028)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global biohazard bags market were the three major steps undertaken to create and analyze the adoption of biohazard bags in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global biohazard bags market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the biohazard bags market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the biohazard bags market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report the capacity type, material type, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the biohazard bags market. Further, we conducted factor analysis using dependent and independent variables such as a rise in hospital beds as the patient population is increasing globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the biohazard bags market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global biohazard bags market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the biohazard bags market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global biohazard bags market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

 

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Biohazard Bags Market
Biohazard Bags Market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global biohazard bags market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of capacity type, material type, application, and end-users in the global biohazard bags market.

The main objective of the Global Biohazard bags Market Study

The current & future market trends of the global biohazard bags market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the biohazard bags market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of capacity type, material type, application, and end-users.
  • Define and analysis of the regulatory framework for the biohazard bags market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the biohazard bags market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the biohazard bags market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?