The Global Disposable Blood Bags Market size is projected to grow at a CAGR of 4.7% during the forecast period, owing to the increasing demand for advanced medical products and technological advancements in healthcare facilities. The growth can be attributed to factors such as increased number of cases of diseases that require blood transfusion, rise in awareness about transfusion medicine among patients and their families, increase in prevalence rates of chronic illnesses across the world.
Disposable Blood Bags are a type of medical device used to collect and store human or animal blood for transfusion or other healthcare purposes. Disposable collection bags are usually made out of plastic material, whereas disposable transfer bags use materials like glass, paper, or aluminum foil. The global market demand for disposable blood bags has been rising over the last few years due to increased awareness about safety risks associated with reusable items such as needle sticks from reused needles. As more countries join in on initiatives to reduce reuse and increase safety by switching their practices towards disposables instead of reusable, the need is also increasing globally.
On the basis of Type, the market is segmented into two Collection Bags and Transfer Bags. The share of the collection bag type in 2019 was around 53%, with a cumulative revenue as high as USD 12 billion. On the other hand, transfer bags accounted for nearly 47% of the total volume of demand during this year, accounting for roughly USD 11 billion by value.
Collection bags are high-quality, sterile disposable blood collection bags that are designed for the safe and easy collection of whole blood during medical procedures. They are lightweight and transparent with a white top to enable accurate labeling.
Collection bags are available in a range of sizes with capacities typically ranging from 450 to 1500 ml. These blood collection bags can be stored at room temperature for up to 24 hours before use and they should not exceed 72° F (22° C) or 30 minutes after opening the package. The sterile, individually wrapped disposable units come sealed in an airtight pouch that is supplied by medical professionals such as doctors, nurses, dentists, and lab technicians when needed.
Transfer bags are mainly used to store and transfer blood or other types of fluids between sources. This bag is made out of flexible PVC plastic which helps reduce leakage during transportation while maintaining fluid content within its confines. It has a tapered design with two white stripes running down the length of each side as per international standards for medical equipment (ISO 11137). Transfer Bags can also be offered in blue, green, yellow, or brown variant colors based on local market requirements. The most common type of Transfer Bag is red in color with two white stripes running down the length of each side as per international standards for medical equipment (ISO 11137). Other variants include blue-colored, green-colored, yellow-colored, and brown-colored transfers packets
On the basis of Application, the market is segmented, the global Disposable Blood Bags market is segmented into Blood Banks, Hospitals, and Non-governmental Organizations (NGOs). The blood banks are mainly distributed in North America. The hospitals contribute a major share to its share owing to their expanding network of branches across the world along with the high prevalence of communicable diseases. Hospitals account for more than 29% of revenues globally in terms of spending on disposable blood bags. Other major applications include NGOs (25%), Blood Banks (20%), and Medical Devices Manufacturers (15%). A majority portion comes from the Asia Pacific region which has been home to over 30 countries in recent times including China and India.
An NGO plays an important role in providing assistance during natural disasters, epidemics such as Ebola that were prevalent from 2014-2016, and civil wars like the Syria conflict which has created havoc since 2011. This factor also led NGOs to rely heavily on disposable products for safety purposes while trying to provide support for these victims or refugees of war zones. One prominent example is Red Cross who provides relief packages with essential items including supplies, clothing, and other products.
On the basis of Region, the market is segmented into North America (U.S., Canada), Europe (Germany, France, UK), Asia Pacific, and Middle East & Africa regions. The Asia Pacific market is expected to dominate the global market during the forecast period, thanks to high disposable income and a large population base. The North American region is anticipated to be one of the fastest-growing regions in this industry over the next eight years. The growth is due primarily to increasing research across various clinical studies, which are being conducted by organizations like the U.S. National Institutes of Health (NIH).
Up Market Research published a new report titled “Disposable Blood Bags Market research report which is segmented by Types (Collection Bags, Transfer Bags), By Applications (Blood Banks, Hospitals, Non-governmental Organizations (NGOs)), By Players/Companies Poly Medicure, Grifols, Macopharma Bharat Transfusion Solution, Fresenius Kabi, TERUMO PENPOL, HLL Lifecare, Span Healthcare”.
|Report Attributes||Report Details|
|Report Title||Disposable Blood Bags Market Research Report|
|By Type||Collection Bags, Transfer Bags|
|By Application||Blood Banks, Hospitals, Non-governmental Organizations (NGOs)|
|By Companies||Poly Medicure, Grifols, Macopharma Bharat Transfusion Solution, Fresenius Kabi, TERUMO PENPOL, HLL Lifecare, Span Healthcare|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||212|
|Number of Tables & Figures||149|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Collection Bags, Transfer Bags and By Application Blood Banks, Hospitals, Non-governmental Organizations (NGOs).
Some of the companies that are profiled in this report are:
Disposable Blood Bags Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Disposable Blood Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Disposable Blood Bags Market Report:
Some other reports from this category!