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Stringent COVID-19 Containment Measures Benefit Biohazard Bags Market

COVID-19 has led to a surge in biohazardous waste. To minimize the spread of this novel coronavirus, strict measures have been enforced with the biohazard bags market a direct beneficiary. The need of the hour is rapid transport of drugs, unadulterated specimens, and R&D on vaccine candidates. Skyrocketing COVID-19 cases have resulted in a huge number of sterilizers, disinfectants, and medical disposables being consumed daily. This massive medical waste and regulatory bodies must cause oversee inspection, storage requirements, recording, reporting, and personnel training. All these developments create ideal conditions for the biohazard bags market to boom in the forecast period.

Imperative To Tackle Pollution in APAC Region Assists Biohazard Bags Market

APAC is predicted to dominate the biohazard bags market for the forecast period as the populous continent has been ravaged by COVID-19. There is an urgent need to address the shortage of medical equipment and national governments are investing in developing effective medication. China and India have prioritized getting their pollution levels under control and this will aid growth rates in the APAC biohazard bags market.

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Hospitals Largest End-Users and Lead the Biohazard Bags Market

Hospitals should remain the largest end-user in the biohazard bags market for the foreseeable future. The uptick in COVID-19 cases makes hospitals the largest producers of medical waste such as isolation waste, sharps, pathological and human fluids. As the majority of medical procedures are conducted in hospitals, they require massive amounts of biohazard bags. Hospitals are the largest producer of non-infectious medical waste, common refuse, blood, urine, radiology, and biopsy samples. Hospital waste generated is easily transmissible to other patients and medical professionals. Thus, the safe collection, storage, and disposal of medical waste via biohazard bags is critical.

Lack of Awareness About Biohazard Bags Can Have Cascading Effect During COVID-19

An overall lack of awareness among healthcare professionals about the handling, treatment, and disposal of medical waste is projected to be the key restraint in the biohazard bags market. This is particularly problematic during a global pandemic and can have a huge toll on societal health and safety.

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Fragmented Biohazard Bags Market Allows Start-ups to Enter With Minimal Barriers

The biohazard bags market is characterized by its fragmentation with no single company the unquestioned leader. The barriers to entry in the biohazard bags market are few, allowing regional players to make a mark. Companies seek to differentiate themselves by expanding their consumer base and focusing on product quality through new product development. A few companies profiled in this report on the biohazard bags market are BioMedical Waste Solutions LLC, Daniels Sharpsmart Inc., REMONDIS Medison GmbH, Stericycle Inc., Suez Environnement S.A., Veolia Environnement S.A., Waste Management, Inc., and Thermo Fisher Scientific.