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Medical waste is any waste having contagious materials such as human body fluids, pathological, microbiological, and animal waste. Highly contagious sharps waste like blades, glass pipettes, needles, and other waste should be disposed of. These bags are made of different materials which include polymers, HDPE, polyethylene, and other materials. These bags have high demand in laboratories, hospitals, chemical industries, and pharmaceutical industries to collect the medical waste material for its further disposal. In applications related to the collection, storage, and transportation of medical waste these bags are winning attention. Superlative strength linked with excellent puncture resistance anticipated raising the demand for medical waste bags.
COVID-19 Impact analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the medical waste bags market.
Top Impacting Factors
Medical Waste Bags Market Trends
New product launches to flourish the market
In August 2018, Berry Global Inc. acquired Laddawn, Inc. (US). The acquisition assisted the company in growing its position in the custom-made trash bags market.
Key Benefits of the Report
Questions answered in the medical waste bags Report
Key Market Segments
Key Market Players