Global Blood Bags Market is valued at approximately USD 526.17 million in 2023 and is anticipated to grow with a healthy growth rate of more than 6.83% over the forecast period 2024-2032. Blood bags are crucial in the medical field, ensuring the safe storage and transportation of blood and its components. They help reduce contamination, minimize wastage, and promote efficient use of resources by maintaining blood quality and prolonging shelf life. The rising demand for blood transfusions, increasing prevalence of infectious diseases, advancements in blood storage technology, and heightened public awareness about blood donation are driving market growth. However, the limited healthcare infrastructure in some regions and potential risks related to blood bag materials pose challenges. Innovations in blood bag manufacturing and materials present opportunities to expand product offerings and enhance quality.
The global demand for single blood bags is rising due to their cost-effectiveness and straightforward use compared to multi-component alternatives. Single blood bags, typically consisting of primary and secondary bags, are designed for storing and transporting a single unit of blood or its components. Meanwhile, double, triple, and quadruple blood bags cater to more complex needs, separating and preserving multiple blood components. The significant use of blood bags by blood banks highlights their importance in ensuring aseptic conditions for blood collection and storage. Hospitals also rely heavily on these bags for administering blood transfusions during surgeries and treatments.
The material composition of blood bags significantly impacts their durability and performance. Polyvinyl chloride (PVC) is commonly used for its durability, lightweight properties, and resistance to punctures and tears. Polyolefins and polyethylene terephthalate (PET) are other materials used, offering superior oxygen permeability and excellent barrier properties, respectively. Polyurethane and ethylene-vinyl acetate (EVA) also contribute to advancements in blood bag materials, enhancing safety and shelf life.
The key regions considered for the global Blood Bags Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Blood Bags Market in terms of revenue. The market growth in the region is being attributed to factors including rising road accidents, surgeries requiring blood transfusions, and strong public awareness about blood donation. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period supported by government initiatives to promote blood donation, ongoing advancements in blood bag materials and design, along with the presence of major blood bag manufacturers.
Major market players included in this report are:
AdvaCare Pharma
Advin Health Care
Alvedia
B L Lifesciences Private Limited
Demophorius Limited
Fresenius SE & Co. KGaA
Grifols, S.A
HAEMONETICS CORPORATION
HLL Lifecare Limited
HANSLER MEDICAL GMBH
Inovet
JMS Co., Ltd.
KIEFEL GmbH
Lmb Technologie GmbH
Maco Pharma SAS
The detailed segments and sub-segment of the market are explained below:
By Type:
Single
Double
Triple
Quadruple
By Material:
Polyvinyl Chloride
Polyolefins
Polyethylene Terephthalate
By Usability:
Collection Bag
Transfer Bag
By End-Use:
Blood Banks
Hospitals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
