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Biohazard Bags Market Size
- Report ID: GMI4636
- Published Date: Jan 2023
- Report Format: PDF
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.
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.
| 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: |
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| Pitfalls & Challenges: |
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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.
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Biohazard Bags Market Scope
