The increasing demand for biohazard bags in hospital due to the rising coronavirus cases across the globe, and high product usage in healthcare sector are set to augment the biohazard bags market in the forthcoming years. Biohazard waste can be referred as any kind of waste which is contaminated with possibly infectious agents or materials which may be a threat to the environment or public health.
These biohazardous waste bags will eventually collect all these materials or agents. This type of waste usually differs from medical waste. The biohazard waste bags come with several pre-printed symbols and varied color as per their use. Many laws and guidelines have been issued as to what type of bags need to be used depending upon the contents as well as purpose.
Specimen based biohazard bags are used in hospitals and laboratories to safely transfer the specimens, paperwork as well as samples collection. Citing an example, nurses in hospitals and labs will fill in the biohazard specimen bags along with a sample before being send to diagnostic labs for testing. Also, these bags might sometimes come with an outer pouch or pocket so as to carry essential paperwork and documents to go along with specimen while being shipped.
With the coronavirus outbreak, these bags are likely to witness growth across the world in hospitals and other medical centers.
Biohazard bags market is bifurcated in terms of capacity type, material type, and end-use.
With respect to capacity type, the biohazard bags market is classified into more than 35 gallon, 15 to 35 gallon, and less than 15 gallons. Among these, the 15 to 35-gallon segment held a market value of more than 80 million in 2019. The 15 to 35-gallon hazardous bags are ideally useful in hospitals, nursing homes, offices and other medical facilities.
In terms of material type, the overall biohazard bags market is categorized into HDPE (High-Density Polyethylene), plastic, polyethylene, polypropylene, and others. Among these, the HDPE segment held a market share of around 12% in 2019 and will continue to show appreciative growth in the coming years.
The HDPE based biohazard bags are used in surgery centers and hospitals to collect the infectious waste. These are also latex free thereby, protecting the handler from infectious contents or materials. The others segment includes low-density polyethylene, linear low-density polyethylene and polymer.
Based on end-use, the biohazard bags market is segmented into pharmaceutical and biotech companies, laboratories and research centers, chemical industry, hospitals, and others. The others segment includes nursing homes, pathological center and long-term care centers among others that fosters the segmental growth. This segment will witness around 9% CAGR over the projected time frame.