Bio Hazards Bag Overview
Biomedical waste or biohazard waste is any waste that contains infectious materials and is generated from the diagnosis, prevention, or treatment of diseases. The infectious substances could be human bodily fluids, microbiological, pathological, animal waste, sharps, human/animal tissue, used bandages and dressings, discarded gloves, and other. Bio Hazard bags are created to collect and dispose of this waste.
Bio hazard bags are labeled, colored, and marked separately for different types of hospital waste, as per the healthcare standards. On top of the high health risks associated with poor management of medical waste, it can negatively impact the environment and there are substantial risks of pollution of water, air, and soil.
According to WHO, poor management of bio waste (used needles & syringes, soiled dressings, body parts, diagnostic samples, blood, chemicals, pharmaceuticals, medical devices, and radioactive materials) potentially uncover patients, healthcare workers, waste handlers and community at large to toxic effects, infection and injuries.
For sharps such as needles, surgical tools, and other contaminated metal items, bags are generally made from HDPE (High-Density Polyethylene) material. According to FDA guidelines, all sharps disposal containers should be made of heavy-duty plastic, able to close with a tight-fitting puncture-resistant lid, upright and stable during use, leak-resistant, and accurately labeled to warn of hazardous waste inside the container.
Market Size and Forecast
The bio-hazards bag market is expected to observe an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by product material, application, end-user, and region. Among end use segmentation, the hospital segment is expected to hold the largest market share during the forecast period as there has been an increase in biohazardous waste generation across the globe especially due to the COVID 19 outbreak.
Growth Drivers
Increased demand for bio hazards bag owing to COVID 19 pandemic
The current coronavirus pandemic has boosted the demand for bio hazards bags across the globe. With increasing patients, there is a lot of biomedical waste generated which requires proper disposal to protect human health and the environment.
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“Gient”, China’s biggest professional supplier of medical waste treatment equipment is assisting the Govt. of Wuhan to construct a biowaste treatment plant that will operate 24 hours per day, processing 30 tons daily. Wuhan was the first city to witness the impact of COVID 19 pandemic leading to a large amount of infectious medical waste.
Additionally, stringent regulations for effective bio hazard waste management in developed countries has also contributed towards the growth of the market.
Growing healthcare sector
In 2018, WHO estimated that in high-income countries, around 0.5 kg of hazardous waste is generated from each hospital bed daily, and in low-income countries, it is around 0.2 kgs.
Therefore, hospitals are the largest generators of biohazardous waste and are anticipated to contribute significantly towards the growth of bio hazards bag market in the forecast period.
Restraints
Growth constraints owing to developing economies
In emerging economies such as India, China, and MEA, there is a general lack of awareness regarding health hazards, lack of training for proper disposal methods, and waste care being operated without authorization under Biomedical Waste Management Rules, which might hamper the global market growth of bio-hazards bag market.
Market Segmentation
Our in-depth analysis of the bio hazards bag market includes the following segments:
By Product Material
- HDPE (High-Density Polyethylene)
- LDPE (Low-Density Polyethylene)
- LLDPE (Linear Low-Density Polyethylene)
- PP (Polypropylene)
- Others
By Application
- Infections
- Healthcare Waste
- Chemical & Pharmaceutical
- Others
By End-User
- Hospitals
- Clinics
- Diagnostic Laboratories
- Pharmaceutical/Research Laboratories
- Others
By Region
Geographically, the bio hazards bag market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America is predicted to hold a significant market share in the global bio hazard bags market followed by Europe, owing to the rising aging population, highly developed healthcare industry, and growing prevalence of infectious and chronic diseases.
The Occupational Safety and Health Administration (OSHA is an agency under the US Dept. of Labor) strictly regulates the Occupational Exposure to Bloodborne Pathogens Standard which was created in 1991, to keep the patients and staff safe when dealing with bloodborne pathogens.
The Asia Pacific regions are expected to grow at a steady rate during the forecast period owing to the rising population, rapid urbanization that may lead to effective waste management systems.
The bio-hazards bag market is further classified based on region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating The Market
- BioMedical Waste Solutions, LLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Clean Harbors, Inc.
- Daniels Sharpsmart, Inc.
- REMONDIS Medison GmbH
- Republic Services, Inc.
- Sharps Compliance, Inc.
- Stericycle, Inc.
- Suez Environment S.A.
- Veolia Environnement S.A.
- WM Intellectual Property Holdings, L.L.C.
