Disposable blood bags market was valued at $221.1 million in 2020, and is estimated to reach $357.2 million by 2030, growing at a CAGR of 4.9% from 2021 to 2030. Disposable blood bags are non-reusable medical bags designed for collection, transfusion, and storage of blood and blood products. These consist of tubes, clamps, and needles, and are manufactured using bio-compatible PVC material to store the blood for extended time periods. A disposable blood bag is used in blood banks, hospitals, NGOs, and government programs for blood donation activities.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Fresenius SE & Co. KGaA, Grifols, S.A, Haemonetics Corporation, HLL Lifecare Limited, INNVOL Medical India Limited, MacoPharma, S.A, Neomedic International, Poly Medicure Limited, and Span Healthcare Private Limited
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/4211
Upsurge in incidence of accidents, trauma, and various blood related diseases; increase in awareness regarding blood donation among people; and increase in number of blood transfusion surgeries worldwide are expected to drive the growth of the disposable blood bags market. However, risk factors associated with transfusion of blood in underdeveloped regions restrict this growth. Conversely, huge untapped market potential in the emerging countries, such as China and India, is expected to provide lucrative opportunities to the market players.
Furthermore, according to World Health Organization, in 2021, 20 to 50 million people suffer from non-fatal injuries with incurring a disability. These serious injuries are often accompanied by blood collection and transfusion activities during surgical procedures for the treatment of fatal injuries. Hence, the growing burden of surgical procedures increase the use of disposable blood bags, enhancing the growth of the market. For instance, according to World Federation Hemophilia 2019, there were more than 20,000 people born with hemophilia worldwide. Moreover, rise in government initiatives to promote blood donation, blood collection, and storage are expected to drive the growth of the disposable blood bag market.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/4211
On the basis of product type, the collection bag segment is expected to register significant growth rate during the forecast period, owing to rise in blood collection and blood transfusion. Moreover, recent approvals granted by FDA boost the growth of disposable blood bags market.
On the basis of end users, the hospital based segment accounted for the largest share in the global disposable blood bags market, as it delivers well-organized, documented, retrieved, and logistical pathological procedures. However, stand-alone segment is anticipated to exhibit fastest market growth due to rise in number of chronic illness.
North America accounted for a majority of the global disposable blood bag market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of chronic diseases, presence of key players, increase in healthcare expenditure, and rise in government initiatives in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to rise in incidences of injuries, surge in demand for healthcare services from an aging population, and increase in investments in healthcare sector in the region.
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
- On the basis of type, the collection bag segment was the highest contributor to the disposable blood bags market in 2020
- On the basis of end user, the hospital based segment was the highest contributor to the disposable blood bag market in 2020.
- On the basis of region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest XX% CAGR during the forecast period.
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