Global Blood Bags Market – Industry Trends and Forecast to 2030

Blood Bags Market Analysis and Size

The increasing focus on needle-stick injuries acts as one of the major factors driving the growth of global blood bags market. The growing prevalence of blood-borne diseases, and increasing technological advancements and healthcare expenditure accelerate the global blood bags market growth.

Data Bridge Market Research analyses that the global blood bags market which was USD 215,000.00 million in 2022, is expected to reach USD 348,000.00 million by 2030, and is expected to undergo a CAGR of 5.50% during the forecast period 2023-2030. This indicates that the Collection Bag segment dominates the type segment of the global blood bags market owing to the advancements in technology have led to the development of advancements in bags for various collections use. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Blood Bags Market Scope and Segmentation

Market Definition

Blood bag are those that collects, stores, transports, and transfuses human blood and blood components. A needle covers and one or more tubes make up the system. These are produced using PVC that has been appropriately mixed with biocompatible additives. High-frequency welding creates the bags, which are then sterilized. Many lives have been saved thanks to the introduction of harsher chemotherapy and bone marrow transplantation to treat leukemia and lymphoma patients, made possible by the availability of platelets for transfusion

Global Blood Bags Market Dynamics

Drivers

• The Need for Blood Transfusion

The rise in blood-related diseases and the frequency of car accidents requiring blood transfusions are the main factors driving the growth of the worldwide disposable blood bag market. Blood transfusions are frequently used as supportive care in haematological therapy, major trauma, transplant surgery, and cardiovascular surgery.

• Technological Advancements

The Blood Bags market has witnessed significant technological advancements, leading to the development of innovative and more effective safety mechanisms. Manufacturers have introduced various types of Blood Bags, such as Collection Bag, Transfer Bag which offer improved protection and ease of use. These technological advancements have contributed to the market growth.

• Growing Focus on Healthcare Worker Safety

Healthcare organizations and institutions are increasingly focused on protecting the safety and well-being of their employees. Blood Bags are considered an essential component of healthcare worker safety programs, as they reduce the risk of contamination. The growing emphasis on healthcare worker safety has boosted the demand for Blood Bags.

Opportunities

• Rising Healthcare Expenditure

Globally, healthcare expenditure has been increasing, driven by factors such as population growth, aging populations, and the expansion of healthcare infrastructure. With a higher focus on patient and healthcare worker safety, a portion of this expenditure is allocated to the procurement of Blood Bags. The growing healthcare expenditure provides a favorable market environment for the Blood Bags industry.

• Growing Awareness and Education:

Awareness campaigns and educational initiatives regarding the importance of Blood Bags and the risks associated with injuries have played a crucial role in driving market growth. Governments, healthcare organizations, and non-profit organizations are actively involved in spreading awareness and educating healthcare workers about the benefits of Blood Bags, leading to increased adoption.

Restraints/ Challenges

• Cost Considerations

Blood Bags are generally more expensive than conventional bags due to the added safety features they incorporate. This cost difference can pose a challenge, particularly in developing countries or regions with limited healthcare budgets. Affordability becomes a significant factor in the widespread adoption of Blood Bags.

• Lack of Regulatory Standards

Although Blood Bags are designed to enhance patient and healthcare worker safety, there is a lack of uniform regulatory standards governing their use and manufacturing. Varying regulations across different countries or regions can create complexities for manufacturers and hinder market growth.

This global blood bags market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global blood bags market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In June 2021, Grenier Bio-one introduced Minicollect PIXIE Heel Incision safety lancet for expanding its portfolio with a new safety lancet specially designed for heel incision and now has three different lancet types on offer to cover individual needs

Global Blood Bags Market scope

The global blood bags market is segmented on the basis product type, type, volume, material and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Single Blood Bag
• Double Blood Bag
• Triple Blood Bag
• Quadruple Blood Bag
• Penta Blood Bag

Type

• Collection Bag
• Transfer Bag

Volume

• 100ml
• 150ml
• 250ml
• 300ml
• 350ml
• 400ml
• 450ml
• 500ml

Material

• PVC
• PET
• Others

End Users

• Hospitals
• Clinics
• Ambulatory Surgical Center
• Blood Banks
• Others

Global Blood Bags Market Regional Analysis/Insights

The global blood bags market  is analysed and market size insights and trends are provided product type, type, material, volume and end users as referenced above.

The countries covered in the global blood bags market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa

North America dominates the global blood bags market due to the presence of major key players, high disposable income, high healthcare expenditure and well-developed healthcare sector in this region.

Asia-Pacific is expected to grow during the forecast period of 2023-2030 due to the increasing research and development activities, rising investment in the healthcare sector and growing government support.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.    

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The global blood bags market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global blood bags market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global blood bags market. The data is available for historic period 2010-2020.

Competitive Landscape and Global Blood Bags Market Share Analysis

The global blood bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global blood bags market.

Some of the major players operating in the global blood bags market are:

• TERUMO BCT, INC. (U.S.)
• Macopharma (France)
• Fresenius Kabi India Pvt. Ltd (India)
• Grifols, S.A. (Spain)
• Neomedic International SL (U.K.)
• Teleflex Incorporated (U.S.)
• Qingdao Sinoland International Trade Co.,Ltd (China)
• JMS Co.Ltd (Japan)
• Demophorius Healthcare Ltd (Greece)
• KAWASUMI LABORATORIES. INC. (Japan)
• Polymedicure (India)
• AdvaCare Pharma (China)
• Coloplast Corp (Denmark)
• Innvol. (India)
• The Metrix Company. (U.S.)
• BL Lifesciences. (India)
• SURU INTERNATIONAL PVT. LTD (India)

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