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Biohazard Bags Market Size

Report ID: GMI4636
Published Date: Jan 2023
Report Format: PDF

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Biohazard Bags Market Size

Biohazard Bags Market size exceeded USD 389 million in 2022 and is set to depict over 7% CAGR through 2023-2032, considering the increasing population and urgent health care center expansion.

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With healthcare growing more sophisticated due to the rising population, waste management has become a major challenge. The rate of medical waste generation has surged significantly, mainly due to the burgeoning number of research labs, clinics, hospitals, and diagnostic centers across the globe. In the U.S., hospitals generate close to 5.9 million tons of medical waste per year. This will lead to an increased focus on ensuring the safe disposal of medical waste including contaminated cotton and minimizing infection risks, thereby augmenting demand for biohazard waste bags.

Biohazard Bags Market Report Attributes
Report Attribute	Details
Base Year:	2022
Biohazard Bags Market Size in 2022:	USD 389 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7%
2032 Value Projection:	USD 773 Million
Historical Data for:	2018 to 2022
No. of Pages:	183
Tables, Charts & Figures:	275
Segments covered:	Capacity, Material, End-use, and Region
Growth Drivers:	Growing demand for biohazard bags globally Favorable regulatory guidelines for effective waste management across the globe Growing healthcare industry especially in developing countries
Pitfalls & Challenges:	Lack of awareness regarding health hazards associated with medical waste Lack of training for proper disposal of medical waste

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The high prevalence of healthcare-acquired infections is another major factor creating lucrative growth prospects for biohazard bag developers. This growing disease burden will help improve medical fluid bag production and consequently bolster the usage of biohazard disposable bags. Despite the growth trajectory, the lack of awareness regarding the improper disposal of syringes and other hazardous waste may hinder industry development to some extent, especially in low-income countries.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for biohazard bags exceeded USD 389 billion in 2022 and will depict over 7% CAGR through 2023-2032, considering the increasing population and urgent health care center expansion.

Clinics and diagnostic centers segment is poised to register an 8% CAGR through 2023-2032, given the rising emphasis on enhancing patient care through lab expansion projects.

North America held over 40% share of the biohazard bags market in 2022, due to the issuance of strict guidelines to ensure proper collection and disposal of healthcare waste.

Cole-Parmer Instrument Company, LLC, VWR International, LLC, Heathrow Scientific, Action Health, Desco Medical, Sharps Compliance, Inc., Fisher Scientific, Transcendia, and Stericycle are some of the key players operating in the market.