Global Disposable Blood Bag Market Share is Likely to Grow at a CAGR Value of 4.70% By 2028

02-Sep-2022 | Facts and Factors

According to Facts and Factors, the global disposable blood bag market size was worth USD 215.0 billion in 2021 and is estimated to grow to USD 283.47 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.70% over the forecast period. The report analyzes the disposable blood bag market drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the disposable blood bag market.

Global Disposable Blood Bag Market Size

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Disposable blood bags are used in biomedicine to collect, transport, store, and transfuse human blood and blood components. The system consists of a needle cover and one or more tubes. These are created by mixing biocompatible ingredients with PVC in the proper amounts. The bags are made using high-frequency welding, and they are subsequently sterilized. With the advent of more aggressive chemotherapy and bone marrow transplantation for treating leukemia and lymphoma patients, many lives have been saved thanks to the accessibility of platelets for transfusion. The expansion of the global disposable blood bag market is attributed to several factors, including increased blood transfusion procedures, accidents, & trauma cases and the development of novel disposable blood bag products by many important players. 

Browse the full “Disposable Blood Bag Market Size, Share, Growth Analysis Report By Collection Bags (Collection Bags and Transfer Bags), By End User (Blood Banks, Hospitals, and Non-Governmental Organizations (NGOs)), By Channel (Tender and Private Sales), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/disposable-blood-bag-market

Increasing rates of trauma & accidental injuries, tender-based purchases by governments of developing countries, custom blood bags with tracking systems offered by blood bag manufacturers, and easy accessibility of value-added products for blood collection are all contributing to the expected growth of the global disposable blood bag market. In the coming years, the disposable plastic blood bag market will be projected to expand globally. However, there are several difficulties, including inadequate blood collection & storage infrastructure and low public awareness of voluntary blood donation initiatives. For market participants, using non-PVC materials in blood collection bags is anticipated to present good growth potential. 

The global disposable blood bag market is segregated based on collection bag, end user, channel, and region. Based on collection bags, the market is divided into collection bags and transfer bags. The collection bag segment dominated the market in 2021, and this trend is expected to continue during the forecast period. Based on the end-user, the market is classified into blood banks, hospitals, and non-governmental organizations (NGOs). The hospital-based segment was the major contributor in 2021 and is expected to maintain its lead during the forecast period. Based on the channel, the market is classified into tender and private sales. The tender sales-based segment was the major contributor in 2021 and is expected to maintain its lead during the forecast period.

The global disposable blood bag market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America accounted for the largest share of the global disposable blood bag market in 2021 and is anticipated to maintain its dominance throughout the forecast period as a result of the presence of significant players, the growth of the healthcare industry, and the introduction of new disposable blood bag products in the region. Furthermore, respected healthcare organizations, government programs to promote disposable blood bags, and constantly raising sterility standards will soon strengthen the region's economy. The market for disposable blood is primarily driven by the growth in trauma & accident rates and the frequency of blood transportation & transfusion procedures.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 215.0 Billion

Projected Market Size in 2028

USD 283.47 Billion

CAGR Growth Rate

4.70%

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Fresenius SE & Co. KGaA, Terumo Corporation, Grifols S.A., HLL Lifecare Limited, Poly Medicure Limited, MacoPharma S.A., INNVOL Medical India Limited, Span Healthcare Private Limited., and Others

Key Segment

By Collection Bags ,End User, Channel, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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Key players in the global disposable blood bag market are Fresenius SE & Co. KGaA, Terumo Corporation, Grifols, S.A., HLL Lifecare Limited, Poly Medicure Limited, MacoPharma, S.A., INNVOL Medical India Limited, and Span Healthcare Private Limited.

Recent Development:

  • January 2021: A binding contract was signed by Haemonetics Corporation and Cardiva Medical Inc., a privately held company. Haemonetics' hospital offerings in the substantial and expanding interventional cardiology portfolio, including disposable blood bags, are likely to be expanded and diversified due to the acquisition.

Global Disposable Blood Bag Market is segmented as follows:

By Collection Bags

  • Collection Bags
  • Transfer Bags

By End User

  • Blood Banks
  • Hospitals
  • Non-governmental Organizations (NGOs)

By Channel

  • Tender Sales
  • Private Sales

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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